Consumer shopping cart market | Adoption of Advanced Technologies to Boost Market Growth | Technavio

LONDON–(BUSINESS WIRE)–The consumer shopping cart market size is poised to grow by $87.22 million between 2020 and 2024, growing at a CAGR of over 2% throughout the forecast period, according to the latest Technavio report. The report offers up-to-date analysis regarding the current market scenario, latest trends and drivers, and overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a free sample REPORT with analysis of the COVID-19 crisis and recovery.

The adoption of advanced technologies, such as laser cutting to manufacture shopping carts, has increased among several manufacturers to save production time and costs. Laser cutting results in high quality sheet metal products as there is minimal distortion or warping of the part associated with this process. Additionally, laser cutting eliminates the need for hard tooling and is cost effective and highly efficient. Therefore, cart manufacturers are increasingly adopting laser cutting technology. Cart manufacturers use various technologically advanced methods to manufacture carts to provide customers with quality products at low cost. This, in turn, is expected to attract customers and boost sales, thereby influencing the growth of the global consumer shopping cart market over the forecast period.

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Report Highlights:

  • The primary growth in the consumer shopping cart market has come from the direct sales distribution channel segment. Direct selling is gaining ground among consumer cart manufacturers. It offers manufacturers full control over its brand quality, reputation, marketing and sales tactics by breaking down the barrier between producer and consumer. It also makes producers less vulnerable to the effects of external business decisions made by their distribution partners.

  • APAC will provide maximum growth opportunities for market vendors over the forecast period. Growing number of supermarkets and hypermarkets, wide assortments of shopping carts and abundance of counterfeit products will significantly influence the growth of the shopping cart market size in the region.

  • The consumer shopping cart market is fragmented. Advance Carts Inc., Americana Companies, Changshu Yirunda Business Equipment Factory, National Cart Co., RW Rogers Co., Sambo Corp., Shanghai Rongxin Hardware Factory, The Peggs Company Inc., Versacart Systems Inc. and Wanzl Metallwarenfabrik GmbH are some of them. -ones. of the main players in the market. To help clients improve their position in the market, this Consumer Shopping Cart Market forecast report provides a detailed analysis of the market leaders.

  • As the business impact of COVID-19 spreads, the consumer shopping cart market 2020-2024 should have positive and superior growth. As the pandemic spreads in some regions and reaches plateaus in other regions, we are reassessing the impact on businesses and updating our report forecasts.

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The emergence of smart shopping carts will be a key market trend

Growing demand for in-store advertising and communication systems, such as in-cart displays, will drive the demand for smart carts. Smart carts use AI to scan and weigh products. These carts are equipped with a touch screen near the handle that displays the total number of items placed in the cart along with their corresponding prices. The vendors operating in the market are adopting new technologies, which are mainly aimed at improving the in-store shopping experience of the customers, making it one of the critical trends in the shopping cart market. IMAGR has already introduced a smart shopping cart that uses AI and computer vision to automatically scan products as shoppers place them in their carts. These factors will drive the growth of the market.

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Consumer Shopping Cart Market 2020-2024: Key Highlights

  • Market CAGR over the forecast period 2020-2024

  • Detailed information on the factors that will contribute to the growth of the consumer shopping cart market over the next five years

  • Estimating the size of the consumer shopping cart market and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the consumer shopping cart market

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Complete details of the factors that will challenge the growth of the Consumer Shopping Cart Market vendors

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF REPORT

  • Preface

  • Currency conversion rates for the US dollar

PART 03: MARKET LANDSCAPE

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

  • Market Segmentation Analysis

PART 04: MARKET SIZE

  • Market definition

  • Market size 2019

  • Market Outlook

  • Market Size and Forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • The bargaining power of buyers

  • Bargaining power of suppliers

  • The threat of new entrants

  • The threat of substitutes

  • Threat of rivalry

  • Market state

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product

  • Comparison by product

  • Steel Carts – Market size and forecast 2019-2024

  • Plastic Carts – Market size and forecast 2019-2024

  • Others – Market size and forecast 2019-2024

  • Market opportunity by product

PART 07: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

  • Market segmentation by distribution channel

  • Comparison by distribution channel

  • Direct Sales – Market size and forecast 2019-2024

  • Distributors – Market size and forecast 2019-2024

  • Market opportunity by distribution channel

PART 08: CUSTOMER LANDSCAPE

PART 09: GEOGRAPHICAL LANDSCAPE

  • Geographic segmentation

  • Geographic comparison

  • Europe – Market size and forecast 2019-2024

  • North America – Market size and forecast 2019-2024

  • APAC – Market size and forecast 2019-2024

  • MEA – Market size and forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • Main leading countries

  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market factors

  • Market challenges

PART 12: MARKET TRENDS

  • Emergence of smart baskets

  • Increase in the number of start-ups entering the market

  • Increased availability of hybrid shopping carts

PART 13: VENDOR LANDSCAPE

  • Overview

  • Landscape disturbance

  • Competitive scenario

PART 14: SUPPLIER ANALYSIS

  • Suppliers Covered

  • Ranking of suppliers

  • Positioning on the supplier market

  • Advance Carts Inc.

  • American companies

  • Changshu Yirunda Commercial Equipment Factory

  • National Cart Co.

  • RW Rogers Co.

  • Sambo Corp.

  • Shanghai Rongxin Hardware Factory

  • Peggs Inc.

  • Versacart Systems Inc.

  • Wanzl Metallwarenfabrik GmbH

PART 15: APPENDIX

  • Research methodology

  • Abreviations list

  • Definition of the market positioning of suppliers

PART 16: EXPLORE TECHNAVIO

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Peggy P. Gilmore