About Grocery Shopping Carts
Grocery shopping carts are used in supermarkets, hypermarkets, and departmental stores to carry the goods purchased. These carts are useful to customers to place their items and avoid damaging the products. Shopping carts/trolleys are used for short-distance movement which usually takes place within the boundary of a building. Urbanization has increased the migration of people from rural areas to urban areas. People migrate to urban areas in search of better income and a good lifestyle. Consumers prefer to buy from supermarkets and hypermarkets due to increase in disposable income, which increases the use of shopping trolleys. Growth of the retail industry has pushed the usage of shopping carts in supermarkets and hypermarkets. Many shopping cart manufacturers are increasing their presence in fast growing countries due to growth in the retail industry. These supermarkets/ hypermarkets have most number of items related to households as compared to the other departmental or small grocery, general provision store, which attracts the consumer and increases the footfall.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Grocery Shopping Carts market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
National Cart Co. (United States), Technibilt (United States), R.W. Rogers (United States), Americana Companies (United States), Unarco Material Handling, Inc. (United States), Canada's Best Store Fixtures Inc. (Canada), Sambo corp (South Korea), Instacart (United States), CREACIONES MARSANZ, S.A (Spain) and Wanzl Metallwarenfabrik GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Cari-All Group (Canada), Advance Carts, Inc (United States) and Versacart Systems, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Grocery Shopping Carts market by Type (Roller Basket, Cargo Cart, Child Cart, Tote Cart and Basket Cart), Application (Supermarkets, Hypermarkets, Departmental stores, Grocery stores and Shopping Malls) and Region.
On the basis of geography, the market of Grocery Shopping Carts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material , the sub-segment i.e. Stainless Steel will boost the Grocery Shopping Carts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Grocery Shopping Carts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement In Grocery Shopping Carts Such As Scanner, Weight Sensors
Market Growth Drivers:
Surge In Number Of Shopping Mall In Across The Global, Growing Adoption Of Grocery Cart For Better Customer Services and Demand For Modernizing Shopping And Improving Shopping Efficiency
Challenges:
Presence Of Alternative Product Of Grocery Shopping Cart In Market and Intense Competition Among Players
Restraints:
Grocery Carts Are Less Customization and Price Fluctuation For Grocery Shopping Carts Raw Material
Opportunities:
Growing Demand From Emerging Market Such As China, India, Brazil, Among Others and Rapidly Expansion Of Retail Industry
Market Leaders and their expansionary development strategies
On 19 October 2021, Instacart, the leading online grocery platform in North America, announced its acquisition of Caper AI, a leading AI-powered shopping cart and checkout technology platform. This acquisition expands Instacart’s comprehensive retailer enablement platform, which currently spans the Instacart marketplace, robust enterprise services that power the ecommerce solutions for many top grocers, fulfillment technology to support delivery and pickup capabilities, last-mile delivery, and much more.
August 2020, Amazon had launched new grocery store with ‘smart’ shopping carts and Alexa guides.
Key Target Audience
Grocery shopping carts Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.