Your Catalyst to a Lucrative Business
High initial investment required to upgrade existing infrastructure with robotic machines can hamper market
growth. However, increasing number of online shoppers attributed to rising penetration of e-commerce
platforms can create lucrative opportunities for the market in coming years.
The market can be segmented on the basis of type and application. Based on type, the market can be
categorized into business to business (B2B) and business to customer (B2C). In terms of application, the
market can be classified into retailer and e-commerce.
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Asia Pacific is a leading region in the market owing to increasing number of B2C customers. Growth of
e-commerce sector in developing countries, such as Japan, India, and China, is likely to gain traction
among consumers for online shopping. This, in turn, can impel demand for fast delivery in the region.
In addition, rising use of smartphones and improving internet connectivity can augment market growth.
Increasing number of local companies offering quick courier services to consumers can stimulate
market growth in coming years. For instance, Ferns N Petals offers same day courier service to its
customers. The company delivers products, including flowers, cakes, and gifts.
North America is anticipated to emerge as one of the promising regions in the market due to growth of
B2C e-commerce sector in the United States. This could be attributed to rising penetration of online
shopping. Presence of key market players, such as FedEx and UPS, offering fast courier services is
likely to impel market growth in coming years. In addition, rising disposable income and consumer’s
willingness to pay more for fast courier can drive the market. Moreover, growing adoption of
automation by sellers to improve logistics and gain a competitive edge over others can spur regional
market growth in coming years. For instance, FedEx deployed the first public-facing robot in its Now
York office. The company is also working with Savioke to develop a distribution system for its facility in
Collierville. In addition, it has plans to test 20 robots designed by Vecna to replace human-driven
tuggers.
Europe is likely to emerge highly lucrative due to presence of business to business (B2B) courie r
companies offering same day and overnight delivery. For instance, SpeedLink offers lightning fast
courier delivery service from anywhere in United Kingdom. The company can deliver anything from
envelope to heavy load parcels. Similarly, Stuart is a B2B distribution platform operating in France. It
can serve all types of businesses and convert their local stores to distribution centers. The company
was acquired by GeoPost and has expanded to fifteen different cities across France, United Kingdom,
and Spain.
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