Shopping Trolley Market Size, Share, Growth Analysis, By Product type(Roller basket, Child cart, Tote box, Basket cart), By Applications(Supermarkets, Hypermarkets, Retail stores), By Materials(Stainless steel, Plastic hybrid, Aluminium, Others), By Wheels(Three-wheel, Four wheel), By Region - Industry Forecast 2024-2031

Shopping Trolley Market size was valued at USD 1094.79 million in 2019 and is poised to grow from USD 1396.62 million in 2023 to USD 9745.28 million by 2031, growing at a CAGR of 27.48% in the forecast period (2024-2031).

The shopping trolley market is characterised by the presence of well-established players as well as several small and medium-sized players. These manufacturers are pursuing a variety of strategies, including new product launches, product portfolio expansion, and mergers and acquisitions. Several large firms are forming multiple strategic alliances in order to increase their market share and get a competitive edge. 'NATIONAL CART', 'Cefla Shopfitting', 'Araven', 'Century Weichuangli', 'Gatekeeper Systems', 'Americana Companies', 'Technibilt', 'Unarco Material Handling', 'R.W. Rogers', 'Versacart Systems', 'Dandux', 'Numafa Holding', 'Caddy Concept', 'Advance Carts', 'Rehrig Pacific Company', 'Polymer Logistics', 'Carttec', 'Rolser', 'Lotus Trolleys'

The increasing use of trolleys in supermarkets and the food service industry is one of the primary reasons driving the shopping trolley market growth. For instance, Aldi, which currently operates approximately 1,600 stores in the United States, intends to extend its store count to 2,500 by the end of 2020. The expanding supermarket business in the United States is predicted to boost demand for various types of supermarket trolleys, such as height-adjustable trolleys, weightless trolleys, and customizable load capacity trolleys. Furthermore, as the working population has grown, so has the demand for quick-service eateries. Many foodservice retailers, including McDonald's, Burger King, Starbucks, and Pizza Hut, are embracing a franchise-based business model to accelerate QSR business expansion, which is likely to raise demand for trolleys during the projection period.

One of the significant trolley market trends that is projected to positively impact the market during the forecast period is innovation as a result of increased end-user demand for handy trolleys. The automated trolley system utilised by shoppers is one of the major advancements. Customers who use mobile phone operating systems such as Android can save the physical labour of pushing trolleys from one point to another. Furthermore, numerous trolley manufacturers are engaged in research to build sophisticated trolleys. Wanzl is conducting research on RFID integrated trolleys that will assist supermarket authorities in locating the trolley position as well as tracking shopper traffic and shoppers' walking routes throughout the supermarket.

Based on region, shopping trolley market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. North America dominates the shopping trolley market since customers’ attitude toward individualised purchasing experiences have shifted, resulting in a larger customer base. Furthermore, big supermarket and hypermarket conglomerates such as Kroger, Walmart, and others have implemented retail analytical solutions, which is complementing the expansion of the shopping trolley market. Furthermore, the existence of key manufacturers like Unarco Industries LLC, NATIONAL CART, and others helps the region maintain its dominance in the future. Europe is expected to expand significantly. It is because of significant producers such as Wanzl GmbH & Co. KGaA, Cefla s.c., Van Keulen Interieurbouw, and others. Manufacturers around Europe produce shopping trolleys in compliance with the 'EN 1929 Standard,' which ensures the highest quality of these trolleys. This, in turn, is contributing to market expansion in Germany, France, Italy, and the United Kingdom. Asia Pacific is predicted to have the greatest CAGR over the forecast period, owing to an increasing number of hypermarkets and vast shopping cart assortments. Manufacturers in this region are focusing on direct sales of shopping trolleys to supermarket owners, removing the supply chain obstacle. India, Japan, Australia, and other countries are emerging target markets for shopping trolley industry players.