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Shopping trolley is a metal-wired wheel cart that is utilized to carry goods in retail stores, supermarkets and hypermarkets. In some parts of the world, shopping trolleys are also known as shopping carts. These carts are utilized to create time and place utility through storage, handling and avoid damaging of the goods. Customers also used these trolleys to transport their purchased goods to their vehicle.
Shopping trolley industry is gaining traction owing to, the straightforward manufacturing technology and low maintenance price. Additionally, the accelerated construction of supermarkets and hypermarkets has pushed the utilization of shopping trolleys. Customers prefers to buy household goods from these stores owing to, increase in disposable income. This in turn, is bolstering the growth of global shopping trolley market.
Currently, manufacturers are emphasizing on digital technology advancements including, laser cutting technology, artificial intelligence, etc. to observe real-time monitoring and collecting customer buying behavior data. For instance, Wanzl GmbH & Co. KGaA is utilizing digital technologies to manufacture shopping trolleys with lockable smartphone holder that provides ‘anti-theft storage’ on the shopping trolley. Additionally, production standards are being followed in order to provide quality products to customers at low costs. Considering these factors, the global shopping trolley market is anticipated to witness strong growth in the forecast period.
Though, COVID-19 outbreak has adversely impacted the global shopping trolley market. Widespread outbreak, travel ban and sudden lockdown has stopped manufacturing process that leads to decreased inventory and reduced sales. Retail sector across Europe, China and India has experienced major impact of COVID-19 outbreak that resulted in undesirable consumer buying. Additionally, North America retail services face serious impacts with nearly 2.8% manufacturers sees permanent business lockdown. Therefore, it is clear that aforesaid pandemic will continue to have unsettling consequences for the market players in the year 2020. However, the complete impact will only minimize, once it has been brought under control by the governmental bodies thus, positively affecting the manufacturing process owing to, the increasing demand from the supermarket and hypermarket owners.
Key Market Driver -
• Rapidly growing hypermarkets • Prerequisite better shopping experience across urbanized customers
Key Market Restraint -
• Lack of customized manufacturing
Key players operating in the global shopping trolley market are Wanzl GmbH & Co. KGaA, Donracks Supermarket Rack Manufacturers, Unarco Industries LLC, NATIONAL CART, Changshu Shajiabang Commercial Equipment Factory, Suzhou Hongyuan Business Equipment Manufacturing Co. Ltd, Kailiou Commercial Equipment Co., Ltd, Shanghai Rongxin Hardware Factory, CANADA’S BEST STORE FIXTURES, Foter, Versacart Systems, Inc., Americana Companies., Shanghai Kami Trolleys Mfg. Co., Ltd., Sambo Corp., R.W. ROGERS COMPANY, Van Keulen Interieurbouw, Shanghai Rongxin Hardware Factory, Changshu Yirunda business equipment factory, Cefla s.c. and others.
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North America dominates the market as customer’s approach towards personalized shopping experience has grown, that has resulted in enhanced customer base. Additionally, leading supermarket and hypermarket giants including, Kroger, Walmart and others have adopted retail analytical solutions that in turn, is complimenting the shopping trolley market growth. Furthermore, presence of leading manufacturers such as, Unarco Industries LLC, NATIONAL CART and others is facilitating the region to continue its dominance in the future ahead.
Europe is anticipated to witness considerable growth. It is owing to, the strong presence of key manufacturers including Wanzl GmbH & Co. KGaA, Cefla s.c., Van Keulen Interieurbouw and others. Manufacturers across Europe are producing shopping trolleys in accordance with ‘EN 1929 Standard’ that ensures the top-quality of these trolleys. This in turn, is complimenting the market growth across Germany, France, Italy and U.K.
Asia Pacific is expected to witness highest CAGR in the forecast period attributed to, increasing number of hypermarkets and extensive assortments of shopping carts. Additionally, manufacturers present in this region are emphasizing on direct selling of shopping trolleys to supermarket owners thus, eliminating the supply chain barrier. Countries including, India, Japan, Australia and others are becoming target markets for shopping trolley market players.
Middle East and Africa and Latin America are expected to witness substantial growth with effect of increased investment for installing specialty stores across Brazil, Mexico, South Africa and GCC countries. Moreover, the digital transformation of shopping carts is further expected to drive the market growth.
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