Global Shopping Trolley Market Size, Share, Growth Analysis, By Product type, By Applications, By Materials, By Wheels - Industry Forecast 2022-2028

Global Shopping Trolley Market size was valued at USD 1094.79 million in 2021 and is poised to grow from USD 1396.62 million in 2022 to USD 9745.28 million by 2030, growing at a CAGR of 27.48% in the forecast period (2023-2030).

Shopping carts are used to transport items from supermarkets, hypermarkets, and department stores. Customers can use these carts to place their items without damaging the products. Shopping carts/trolleys are primarily used for short-distance movement within a facility. They are used to generate "time and place utility" by processing, storing, and controlling materials. The shopping trolley industry is growing in popularity due to its easy manufacturing technology and low maintenance costs. Additionally, the fast development of supermarkets and hypermarkets has expanded the use of shopping carts. Customers choose to purchase household goods from these businesses since their disposable income has increased. As a result, the global market for shopping trolleys is rising. Manufacturers are currently focused on digital technical advancements such as laser cutting technology, artificial intelligence, and so on in order to conduct real-time monitoring and collect data on client purchasing behaviour.

Top-down and bottom-up approaches were used to estimate and validate the size of global Shopping Trolley Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.

Segments covered in this report

Global shopping trolley market is segmented based on product type, applications, wheel, material, region. Based on product type, the Shopping Trolley Market is segmented into roller basket, child cart, tote box, basket cart, cargo cart, others. Based on material, the shopping trolley market is segmented into stainless steel, plastic hybrid, aluminium. Based on wheel, the Shopping Trolley Market is segmented into three-wheel, four wheels. Based on application, the Shopping Trolley Market is segmented into retail stores, supermarkets, Hypermarkets.

Drivers

One of the key factors driving the global shopping trolley market growth is the increasing use of trolleys in supermarkets and the food service industry. For example, Aldi, which presently has around 1,600 stores in the United States, plans to expand to 2,500 by the end of 2020. The growing supermarket industry in the United States is expected to increase demand for various types of supermarket trolleys, such as height-adjustable trolleys, weightless trolleys, and trolleys with customizable load capacity. In addition, as the working population has increased, so has the need for quick-service restaurants. Many foodservice shops, such as McDonald's, Burger King, Starbucks, and Pizza Hut, are adopting a franchise-based business model to drive QSR company expansion, which is expected to increase demand for trolleys throughout the forecast period.

Restraint

Flight cancellations and a decline in internal and outbound tourists occurred globally in H1 2020 as a result of international travel prohibitions. According to the United Nations World Tourism Organisation (UNWTO), in January 2022, 21 percent of all international tourism locations had their borders fully blocked to travellers. Border controls are still in place in more than 50 nations. This was done to keep the COVID-19 Omicron variant from spreading. Tourists from South Africa, Lesotho, Eswatini, Zimbabwe, and Namibia have been prevented from entering a number of nations throughout the world. As a result, the pandemic's negative market effects may offer a barrier to market expansion in the coming years.

Market Trends

Innovation as a result of rising end-user demand for convenient trolleys is one of the main trolley industry trends expected to positively impact the market during the forecast period. One of the key developments is the automated trolley system used by shoppers. Customers who use mobile phone operating systems such as Android can avoid the physical labour of moving trolleys. Furthermore, many trolley manufacturers are conducting research to develop complex trolleys. Wanzl is doing research on RFID-enabled trolleys, which will aid supermarket authorities in finding trolley positions as well as tracking shopper traffic and walking paths around the supermarket.