Smart Shopping Cart Market Introduction and Overview
According to SPER Market Research, the Global Smart Shopping Cart Market is estimated to reach USD 20.26 billion by 2033 with a CAGR of 27.52%.
The report includes an in-depth analysis of the Global Smart Shopping Cart Market, including market size and trends, product mix, Applications, and supplier analysis. An inventive method of shopping created to assist customers in expediting their shopping experience is the smart shopping cart. The idea was introduced to the market with the intention of revolutionizing consumer behaviour. This system provides a way to shorten the time spent grocery shopping. Shopping trolleys are used by supermarket patrons to help them choose the goods they want to buy. The customer can pay the bill using any online payment method, including Paytm, UPI, PhonePay, etc., thanks to the payment system (barcode scanner and touchscreen display).
- 2023: To introduce the EzyCart, a smart shopping cart, NanoMalaysia Berhad teamed up with Retailetics Sdn Bhd, a Malaysia-based business that offers artificial intelligence-based retail automation solutions. EzyCart was developed in response to retailer and customer feedback, offering a customized shopping experience.
- 2021: Go, Amazon. On a smart grocery cart, Kroger and start up Caper are collaborating. A short distance from the company's Cincinnati headquarters, in Madeira, Ohio, Kroger and Caper have partnered on a pilot project.
Market Opportunities and Challenges
The Growing Need for a Smooth and Easy Purchasing Process- The market for smart shopping carts is growing quickly due in large part to the increasing demand for a seamless and convenient shopping experience. With consumers' lives becoming more digitalized and fast-paced, traditional shopping methods frequently don't live up to the expectations of the times. Cutting-edge technologies like artificial intelligence, RFID systems, and Internet of Things (IoT) sensors are being incorporated into smart shopping carts to close this gap. These cutting-edge carts transform the shopping experience with a variety of features that improve and expedite each step of the procedure.
Mutual compatibility and uniformity- Standardization and interoperability problems present a barrier to the growth of the international smart shopping cart market. The introduction of smart shopping carts by different manufacturers with different technologies and communication protocols makes it more difficult to integrate and work seamlessly in different retail environments. Because these carts must be able to interface with current infrastructure, point-of-sale systems, and data management platforms, retailers may find it difficult to implement them. In order to overcome this obstacle, industry-wide cooperation is required to create uniform protocols and standards. This will facilitate a more seamless integration process and create an ecosystem that will allow smart shopping carts to function flawlessly in a variety of retail environments.
Market Competitive Landscape
To keep ahead of the competition, major players in the market are collaborating with other businesses. Additionally, players use mergers and acquisitions as crucial strategies to broaden their product offerings. The dynamics of the antacid tablet market are greatly influenced by major industry players. Some of the key players are – Compaq Computer Corp., Fujitsu Ltd., International Business Machines Corp., Media Cart Holdings Inc., Microsoft Corp., Oracle Corp., SK Telecom Co Ltd., The Japan Research Institute Ltd Toshiba Corp., V-Mark and Enterprise Limited.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Application, By Mode of Sales
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Compaq Computer Corp., Fujitsu Ltd., International Business Machines Corp., Media Cart Holdings Inc., Microsoft Corp., Oracle Corp., SK Telecom Co Ltd., The Japan Research Institute Ltd Toshiba Corp., V-Mark, Enterprise Limited.
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COVID-19 Impact on Global Smart Shopping Cart Market
The rapid spread of the COVID-19 pandemic hindered the uptake of smart shopping carts because of conflicting demands, security issues, and budgetary constraints. People's forced reduction in in-person interactions due to the pandemic has increased demand for contactless shopping experiences. Smart shopping carts provided a way to scan items and make payments without interacting with store employees or traditional checkout systems, as consumers grew more wary of touching surfaces. By enabling customers to shop without coming into contact with surfaces or store employees in person, smart shopping carts lower the risk of transmission. Additionally, makers of smart carts were spurred to innovation by the increased emphasis on safety and hygiene.
Key Target Audience
- Consumers
- Data Analytics and AI Companies
- E-commerce Platforms
- IT and System Integration Companies
- Logistics and Supply Chain Partners
- Marketing and Advertising Agencies
- Retailers and Supermarket Chains
- Technology Providers and Developers
- Others
Our in-depth analysis of the Smart Shopping Cart Market includes the following segments:
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By Type:
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Metal / Wire
Stainless Steel
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By Application:
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Supermarket
Shopping Malls
Others
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By Mode of Sales:
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Distributor
Direct
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By Region:
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Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
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Key Topics Covered in the Report
- Global Smart Shopping Cart Market Size (FY’2023-FY’2033)
- Overview of Global Smart Shopping Cart Market
- Segmentation of Global Smart Shopping Cart Market By Type (Metal/Wire, Stainless Steel)
- Segmentation of Global Smart Shopping Cart Market By Application (Supermarket, Shopping Malls and others)
- Segmentation of Global Smart Shopping Cart Market By Mode of Sales (Distributor and Direct)
- Statistical Snap of Global Smart Shopping Cart Market
- Expansion Analysis of Global Smart Shopping Cart Market
- Problems and Obstacles in Global Smart Shopping Cart Market
- Competitive Landscape in the Global Smart Shopping Cart Market
- Impact of COVID-19 and Demonetization on Global Smart Shopping Cart Market
- Details on Current Investment in Global Smart Shopping Cart Market
- Competitive Analysis of Global Smart Shopping Cart Market
- Prominent Players in the Global Smart Shopping Cart Market
- SWOT Analysis of Global Smart Shopping Cart Market
- Global Smart Shopping Cart Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Smart Shopping Cart Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Smart Shopping Cart Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Smart Shopping Cart Market
7. Global Smart Shopping Cart Market, By Type (USD Million)
7.1. Global Smart Shopping Cart Market Value Share and Forecast, By Type, 2023-2033
7.2. Metal / Wire
7.3. Stainless Steel
8. Global Smart Shopping Cart Market, By Application (USD Million)
8.1. Global Smart Shopping Cart Market Value Share and Forecast, By Application, 2023-2033
8.2. Supermarket
8.3. Shopping Malls
8.4. Others
9. Global Smart Shopping Cart Market, By Mode of Sales (USD Million)
9.1. Global Smart Shopping Cart Market Value Share and Forecast, By Mode of Sales, 2023-2033
9.2. Distributor
9.3. Direct
10. Global Smart Shopping Cart Market Forecast, 2019-2033 (USD Million)
10.1. Global Smart Shopping Cart Market Size and Market Share
11. Global Smart Shopping Cart Market, By Type, 2019-2033 (USD Million)
11.1. Global Smart Shopping Cart Market Size and Market Share By Type (2019-2026)
11.2. Global Smart Shopping Cart Market Size and Market Share By Type (2027-2033)
12. Global Smart Shopping Cart Market, By Application, 2019-2033 (USD Million)
12.1. Global Smart Shopping Cart Market Size and Market Share By Application (2019-2026)
12.2. Global Smart Shopping Cart Market Size and Market Share By Application (2027-2033)
13. Global Smart Shopping Cart Market, By Mode of Sales, 2019-2033 (USD Million)
13.1. Global Smart Shopping Cart Market Size and Market Share By Mode of Sales (2019-2026)
13.2. Global Smart Shopping Cart Market Size and Market Share By Mode of Sales
13.3. (2027-2033)
14. Global Smart Shopping Cart Market, By Region, 2019-2033 (USD Million)
14.1. Global Smart Shopping Cart Market Size and Market Share By Region (2019-2026)
14.2. Global Smart Shopping Cart Market Size and Market Share By Region (2027-2033)
14.3. Asia-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile15.1. Compaq Computer Corp.
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Enterprise Limited
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Fujitsu Ltd.
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. International Business Machines Corp.
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Microsoft Corp.
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Media Cart Holdings Inc.
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Oracle Corp.
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. SK Telecom Co Ltd.
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Toshiba Corp.
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. The Japan Research Institute Ltd.
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
