The consumer shopping cart market size is expected to post an incremental growth of USD 86.4 million, accelerating at a CAGR of 2.05% until 2025. Expansion of retail space is one of the major drivers that boost the consumer shopping cart market share during the forecast period. 36% of the market's growth will originate from APAC. The increasing number of supermarkets and hypermarkets in APAC will facilitate the consumer shopping cart market value in APAC over the forecast period.
Technavio's report extensively covers consumer shopping cart market segmentation by:
Product - Steel carts, Plastic carts, and Others
Distribution Channel - Direct Sales and Distributors
Geography - Europe, North America, APAC, Middle East and Africa, and South America
The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
Consumer Shopping Cart Market Analysis: View Sample Report
Owing to the strong economic growth and urbanization, the retail market is witnessing continuous growth. The increasing number of retail stores, particularly supermarkets and hypermarkets, is supporting the consumer shopping cart market growth. SPAR, 7-eleven, Walmart, Aldi, and Carrefour are some of the major supermarket and hypermarket chains that offer consumer shopping carts. The sale of consumer shopping carts is expected to increase significantly with the growing expansion of retail channels and thus accelerate the consumer shopping cart market growth during the forecast period.
In addition, factors such as the technological advancements in manufacturing shopping carts, and the emergence of smart shopping carts are some of the major consumer shopping cart market trends which will have a positive impact on the market in the coming years. However, the fluctuations in raw material prices may hamper the market growth.
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Advance Carts Inc., Americana Companies, Changshu Yirunda Business Equipment Factory, National Cart Co., R.W. Rogers Co., Sambo Corp., Shanghai Rongxin PetProduct Co. Ltd., The Peggs Co. Inc., Versacart Systems Inc., and Wanzl Metallwarenfabrik GmbH are some of the major consumer shopping cart market vendors. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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