Global Shopping Carts Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The global shopping carts market is anticipated to grow at a CAGR of 3.0% during the forecast period (2022-2028). Shopping carts are popularly known by a variety of other names such as trolley or buggy. These are the carts supported by wheels and supplied by a shop or store, particularly the hypermarkets, supermarkets, or departmental stores. The market growth is majorly attributable to the growing demand and use of these carts by customers inside the premises for transport of retail. It is evident that the customers frequent movement activity around the premises, while shopping, prior to heading to the checkout counter, cashiers or tills.
These carts further aim at increasing the quantity of goods a shopper can collect thereby increasing the chances of customers to make bulk purchases in a single go. This is also one of the key enablers of boosting the sales profitability of the stores. All these factors are likely to support the growth of the global shopping carts market. The market growth is also attributable to the surging growth of the retail industry along with the notable increase in the number of hypermarkets and supermarket, improved distribution channel, rising number of start-ups entering the market and the increasing availability of hybrid shopping carts.

Some key players operating in the market include Sambo Corp., Unarco Material Handling, Inc., and Versacart Systems, Inc., among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in July 2020, Amazon unveiled its first smart grocery cart. The new "Dash Cart," as it's known, uses cameras, sensors and a scale to automatically detect and log items on a digital display behind the handle. The technology makes it possible for shoppers to leave the store without going through a traditional checkout line.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Product Type
o By Distribution Channel
o By Wheel

• Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape: Sambo Corp., Unarco Material Handling, Inc., and Versacart Systems, Inc., among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Shopping Carts Market is available at:
https://orionmarketreports.com/global-shopping-carts-market/107408/

Global Shopping Carts Market Report by Segment

By Product Type
• Steel Shopping Cart
• Plastic Shopping Cart

By Distribution Channel
• Offline
• Online

By Wheel
• Three-Wheel
• Four-Wheel

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Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.