USD 1094.79 million
Report ID: SQSG20R2003 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 120 | Figures: 76
Global Shopping Trolley Market size was valued at USD 1094.79 million in 2021 and is poised to grow from USD 1396.62 million in 2022 to USD 9745.28 million by 2030, growing at a CAGR of 27.48% in the forecast period (2023-2030).
Shopping carts are used to carry goods purchased at supermarkets, hypermarkets, and department stores. Customers can utilise these carts to place their things and avoid harming the products. Shopping carts/trolleys are typically employed for short-distance movement within the confines of a building. They are utilised to generate "time and place utility" through material handling, storage, and control. The shopping trolley business is gaining traction due to its simple manufacturing technology and inexpensive maintenance costs. Furthermore, the rapid construction of supermarkets and hypermarkets has increased the use of shopping carts. Customers choose to buy household products from these retailers since their discretionary income has increased. As a result, the global shopping trolley market is expanding. Manufacturers are currently focusing on digital technological improvements such as laser cutting technology, artificial intelligence, and so on to observe real-time monitoring and collect client purchasing behaviour data.
US Shopping Trolley Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1094.79 million
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Global shopping trolley market is segmented based on product type, applications, wheel, material, region. Based on product type, the Shopping Trolley Market is segmented into roller basket, child cart, tote box, basket cart, cargo cart, others. Based on material, the shopping trolley market is segmented into stainless steel, plastic hybrid, aluminium. Based on wheel, the Shopping Trolley Market is segmented into three-wheel, four wheels. Based on application, the Shopping Trolley Market is segmented into retail stores, supermarkets, Hypermarkets.
Shopping Trolley Market By Application
Supermarkets are the largest consumers of shopping trolleys for a number of reasons. Firstly, supermarkets typically have a large number of customers each day and need to have enough trolleys available to accommodate all of them. Secondly, supermarkets tend to sell a wide variety of items, which means that shoppers often need to use trolleys in order to transport their purchases. Finally, supermarkets usually have large parking lots, which means that shoppers often need to use trolleys in order to transport their purchases from their car to the store.
Shopping trolleys are becoming increasingly popular in supermarkets, as customers find them convenient and easy to use. Many people find shopping trolleys especially helpful when they have a lot of groceries to carry. Some supermarkets have started to provide shopping trolleys for customers who need assistance. These shopping trolleys are usually located near the cash registers, so customers can easily grab one if they need help carrying their groceries. Shopping trolleys are a great way for supermarkets to promote their businesses. They are also a great way for customers to stay organized while they are grocery shopping.
Shopping Trolley Market By Product Type
Basket carts are increasingly becoming the preferred choice for shoppers, as they offer a number of advantages over traditional shopping carts. First and foremost, basket carts are much easier to maneuver than traditional shopping carts. This is extremely important for shoppers who have to navigate crowded store aisles or negotiate tight corners. Additionally, basket carts are less likely to tip over when overloaded, making them safer for both shoppers and store employees. Finally, basket carts can be easily stacked when not in use, taking up far less space than traditional shopping carts.
These benefits have helped make basket carts the dominant force in the market, with more and more stores phasing out traditional shopping carts in favor of basket carts. This trend is likely to continue as awareness of the benefits of basket cart increases and more shoppers begin to prefer them over traditional shopping carts.
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Based on region, global shopping trolley market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. North America dominates the global shopping trolley market since customers’ attitude toward individualised purchasing experiences have shifted, resulting in a larger customer base. Furthermore, big supermarket and hypermarket conglomerates such as Kroger, Walmart, and others have implemented retail analytical solutions, which is complementing the expansion of the shopping trolley market. Furthermore, the existence of key manufacturers like Unarco Industries LLC, NATIONAL CART, and others helps the region maintain its dominance in the future. Europe is expected to expand significantly. It is because of significant producers such as Wanzl GmbH & Co. KGaA, Cefla s.c., Van Keulen Interieurbouw, and others. Manufacturers around Europe produce shopping trolleys in compliance with the 'EN 1929 Standard,' which ensures the highest quality of these trolleys. This, in turn, is contributing to market expansion in Germany, France, Italy, and the United Kingdom. Asia Pacific is predicted to have the greatest CAGR over the forecast period, owing to an increasing number of hypermarkets and vast shopping cart assortments. Manufacturers in this region are focusing on direct sales of shopping trolleys to supermarket owners, removing the supply chain obstacle. India, Japan, Australia, and other countries are emerging target markets for shopping trolley industry players.
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Shopping Trolley Market Drivers
Shopping Trolley Market Restraint
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The shopping trolley market is characterised by the presence of well-established players as well as several small and medium-sized players. These manufacturers are pursuing a variety of strategies, including new product launches, product portfolio expansion, and mergers and acquisitions. Several large firms are forming multiple strategic alliances in order to increase their market share and get a competitive edge.
Top Players in the Global Shopping Trolley Market
Shopping Trolley Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global shopping trolley market analysis, The North American market is expected to have the highest share. The shopping trolley market in Europe and Asia Pacific would rise throughout the forecast period, owing to rising adoption rates and rising consumer disposable income. Latin America had the highest share, followed by North America. Owing to growing number of online customers, there is a huge need for smart shopping carts in retail outlets such as supermarkets and malls.
|Market size value in 2021||USD 1094.79 million|
|Market size value in 2030||USD 1396.62 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
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For the Global Shopping Trolley Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Shopping Trolley Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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