Report Forecasts a 170% Compound Annual Growth Rate for Global Deliveries by Low Speed Automated Delivery Vehicles through 2030
The unique demand and complexities of city delivery has led to an increased focus on the development of smaller and nimbler vehicles
A new report from Guidehouse Insights analyzes the potential for low speed automated delivery vehicles (ADVs) and evaluates how the market for these services will likely evolve through 2030. The report also examines key drivers for future demand, challenges that the market will likely face, and leading players in the market.
The demand for urban delivery has seen strong growth that is expected to continue into the foreseeable future. Several factors have contributed to this, including overall economic growth, evolving consumer trends, continued growth of e-commerce, and the rising popularity of food and grocery deliveries. According to a new report from Guidehouse Insights, global deliveries by low speed ADVs are projected to grow from less than 7 million deliveries in 2021 to more than 51 billion by 2030, representing a compound annual growth rate (CAGR) of 170%.
“Low speed ADVs have attracted the interest of major online retailers such as Amazon and Alibaba as a unique solution to the increasing need for short, on-demand deliveries,” says Sagie Evbenata, senior research analyst with Guidehouse Insights. “Furthermore, as lightweight zero emissions vehicles, low speed ADVs can provide significant environmental benefits.”
With the increase in urbanization, the challenges faced by urban deliveries are numerous, including the high density of drop-offs required, heavy congestion, parking and unloading difficulties, narrow streets, restricted access, and stricter vehicle regulations. The unique demand and complexities of city delivery has led to an increased focus on the development of smaller and nimbler electric vehicles (EVs) and ADVs. These vehicles are ideal for efficiently traversing narrow and busy city streets and need to cover only small daily distances and carry relatively small payloads. Furthermore, they do not need to be capable of high speeds because they are primarily confined to city streets and sidewalks.
The report, Low Speed Automated Delivery Vehicles, analyzes the potential for low speed ADVs and evaluates how the market for these services will likely evolve. This report examines key drivers for future demand, challenges that the market will likely face, and leading players in the market. Global market forecasts through 2030 are included for the number of delivery trips completed by ADVs, distance traveled by the delivery vehicles, annual deployments of low speed ADVs, and revenue generated by these vehicles in delivery services. An executive summary of the report is available for free download on the Guidehouse Insights website.
*The information contained in this press release concerning the report, Low Speed Automated Delivery Vehicles, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.