Los Angeles, December 3, 2019 –QY Research published a new report titled, “Global Shopping Trolley Market Report, History and Forecast 2014-2025,” that provides an analysis of the key market trends that are expected to impact the global market over the forecast period. Analysts state that the global shopping trolley market was more than US$500 mn in 2018 and is projected to increase to more than US$580 mn by 2025. The market is likely to register a CAGR of over 1% between 2019 and 2025.
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Thriving Supermarkets and Hypermarkets to Boost Uptake
Shopping carts are generally used in hypermarkets, departmental stores, and supermarkets to carry goods to be purchased. Expansion of retail industry has pushed the usage of shopping trolleys in hypermarkets and supermarkets. Increasing the presence of manufacturers in emerging economies countries with a steady growth of retail industry is expected to drive the market growth in the coming years.
Innovation of shopping trolleys, such automated trolley systems, has benefited the market tremendously. These systems eliminate physical efforts of pushing loaded trolleys and allow easy control through simplified applications on mobile devices. In addition, the strengthening trend of computerized trolley scanning systems is expected to enable customers to scan the items as they buy, making the billing process time-efficient. Focus on improving shopping experience of consumers is expected be the key factor pushing the shopping trolley market leap ahead in the near future.
Global Shopping Trolley Market: Segment Analysis
The global shopping trolley market is segmented into product type and application. The product type segment includes more than 200L, 100-200L, and up to 100L. Based on the applications, the global shopping trolley market is segmented into households, shopping malls, supermarkets and hypermarkets, and others. The market predicts that supermarkets and hypermarkets will be the key segments as shopping trolleys are inherently used in spaces. Furthermore, improvements in shopping experiences are expected to bode well for the segments in the coming years.
North America to Lead Global Shopping Trolley Market
North America is expected to gain the largest share in the global shopping trolley market due to the growing number of supermarkets stores in the U.S. Analysts also predict that Asia Pacific is also expected to lead the shopping trolley market due to the presence of various manufacturers and increasing retail industry in this region. In Europe, the U.K. shopping trolley market is anticipated to expand manufacturers are investing in production of innovative trolleys. Accommodation concerns of parents with disabled children with wrap padded seats and better security systems embedded in shopping trolleys is expected to boost the European market.
Global Shopping Trolley Market: Key Players
Guangzhou Shuang Tao, Wanzl, Rabtrolley, Unarco, Advancecarts, Guangdong Winleader, Foshan Yongchuangyi, Kailiou, R.W. Rogers, Suzhou Hongyuan, Versacart, Creaciones Marsanz, The Peggs Company, Yirunda Business Equipment, Rolser, Suzhou Youbang, CADDIE, Sambo Corp, Americana Companies, and Changshu Shajiabang are the major manufacturers are operating in the global shopping trolley market.
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