Smart Shopping Cart Market Opportunities 2031
Smart shopping carts are advanced technology supporting smart retail operations. The buyer and cashier both can benefit from the solution such as buyer can eliminate the standing in line for billing whiles cashier can save the time for billing process as it comes with self-checkout features. The cart is equipped with wide range sensors which scads products detail and generates an automated bill for self-checkout billing process. The technology is helping shoppers to fast-track their shopping. experience. The enhanced shopping experience is offered by the smart shopping carts to the buyers.
MARKET SCOPE
The "Global Smart Shopping Cart Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the smart shopping cart market with detailed market segmentation by application, technology, and geography. The report provides key statistics on the market status of the leading smart shopping cart market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on application, the global smart shopping cart market is segmented into supermarket, shopping malls, and others.
- On the basis of technology, the market is segmented into RFIDs, bar codes, and ZigBee.
MARKET DYNAMICS
Drivers:
- The global smart shopping cart market is significate growing with a rising number of global and regional players in the market. The entrant of global players such as Amazon with Dash cart and emerging new start-ups such as Caper Inc. and VEEVE INC. are mounting the market growth.
- The other factors driving the market growth are increased demand for contactless shopping systems, social distancing measures introduced by COVID-19, rising demand for smart retail solutions, and customer's inclination towards digital technologies. The developed nations such as the US, Japan, Canada, the UK, and others are witnessing upsurging demand for smart shopping carts.
Restraints:
- High initial cost may hinder the growth of the smart shopping cart market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The smart shopping cart market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the smart shopping cart market in these regions.
IMPACT OF COVID-19 ON SMART SHOPPING CART MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The smart shopping cart market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the smart shopping cart market in these regions.
IMPACT OF COVID-19 ON SMART SHOPPING CART MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the smart shopping cart market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from smart shopping cart market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the smart shopping cart market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Caper
- VEEVE INC.
- TRACXPOINT, INC
- Imagr
- Amazon.com, Inc.
- chaohi Incorporated
- cust2mate
- V-MARK ENTERPRISE LIMITED
- Retail AI, inc
- Smart Cart (Pty) Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Smart Shopping Cart Market - By Application
1.3.2 Smart Shopping Cart Market - By Technology
1.3.3 Smart Shopping Cart Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SMART SHOPPING CART MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SMART SHOPPING CART MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SMART SHOPPING CART MARKET - GLOBAL MARKET ANALYSIS
6.1. SMART SHOPPING CART - GLOBAL MARKET OVERVIEW
6.2. SMART SHOPPING CART - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SMART SHOPPING CART MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. SUPERMARKET
7.3.1. Overview
7.3.2. Supermarket Market Forecast and Analysis
7.4. SHOPPING MALLS
7.4.1. Overview
7.4.2. Shopping Malls Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. SMART SHOPPING CART MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. RFIDS
8.3.1. Overview
8.3.2. RFIDs Market Forecast and Analysis
8.4. BAR CODES
8.4.1. Overview
8.4.2. Bar Codes Market Forecast and Analysis
8.5. ZIGBEE
8.5.1. Overview
8.5.2. ZigBee Market Forecast and Analysis
9. SMART SHOPPING CART MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Smart Shopping Cart Market Overview
9.1.2 North America Smart Shopping Cart Market Forecasts and Analysis
9.1.3 North America Smart Shopping Cart Market Forecasts and Analysis - By Application
9.1.4 North America Smart Shopping Cart Market Forecasts and Analysis - By Technology
9.1.5 North America Smart Shopping Cart Market Forecasts and Analysis - By Countries
9.1.5.1 United States Smart Shopping Cart Market
9.1.5.1.1 United States Smart Shopping Cart Market by Application
9.1.5.1.2 United States Smart Shopping Cart Market by Technology
9.1.5.2 Canada Smart Shopping Cart Market
9.1.5.2.1 Canada Smart Shopping Cart Market by Application
9.1.5.2.2 Canada Smart Shopping Cart Market by Technology
9.1.5.3 Mexico Smart Shopping Cart Market
9.1.5.3.1 Mexico Smart Shopping Cart Market by Application
9.1.5.3.2 Mexico Smart Shopping Cart Market by Technology
9.2. EUROPE
9.2.1 Europe Smart Shopping Cart Market Overview
9.2.2 Europe Smart Shopping Cart Market Forecasts and Analysis
9.2.3 Europe Smart Shopping Cart Market Forecasts and Analysis - By Application
9.2.4 Europe Smart Shopping Cart Market Forecasts and Analysis - By Technology
9.2.5 Europe Smart Shopping Cart Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Smart Shopping Cart Market
9.2.5.1.1 Germany Smart Shopping Cart Market by Application
9.2.5.1.2 Germany Smart Shopping Cart Market by Technology
9.2.5.2 France Smart Shopping Cart Market
9.2.5.2.1 France Smart Shopping Cart Market by Application
9.2.5.2.2 France Smart Shopping Cart Market by Technology
9.2.5.3 Italy Smart Shopping Cart Market
9.2.5.3.1 Italy Smart Shopping Cart Market by Application
9.2.5.3.2 Italy Smart Shopping Cart Market by Technology
9.2.5.4 United Kingdom Smart Shopping Cart Market
9.2.5.4.1 United Kingdom Smart Shopping Cart Market by Application
9.2.5.4.2 United Kingdom Smart Shopping Cart Market by Technology
9.2.5.5 Russia Smart Shopping Cart Market
9.2.5.5.1 Russia Smart Shopping Cart Market by Application
9.2.5.5.2 Russia Smart Shopping Cart Market by Technology
9.2.5.6 Rest of Europe Smart Shopping Cart Market
9.2.5.6.1 Rest of Europe Smart Shopping Cart Market by Application
9.2.5.6.2 Rest of Europe Smart Shopping Cart Market by Technology
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Smart Shopping Cart Market Overview
9.3.2 Asia-Pacific Smart Shopping Cart Market Forecasts and Analysis
9.3.3 Asia-Pacific Smart Shopping Cart Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Smart Shopping Cart Market Forecasts and Analysis - By Technology
9.3.5 Asia-Pacific Smart Shopping Cart Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Smart Shopping Cart Market
9.3.5.1.1 Australia Smart Shopping Cart Market by Application
9.3.5.1.2 Australia Smart Shopping Cart Market by Technology
9.3.5.2 China Smart Shopping Cart Market
9.3.5.2.1 China Smart Shopping Cart Market by Application
9.3.5.2.2 China Smart Shopping Cart Market by Technology
9.3.5.3 India Smart Shopping Cart Market
9.3.5.3.1 India Smart Shopping Cart Market by Application
9.3.5.3.2 India Smart Shopping Cart Market by Technology
9.3.5.4 Japan Smart Shopping Cart Market
9.3.5.4.1 Japan Smart Shopping Cart Market by Application
9.3.5.4.2 Japan Smart Shopping Cart Market by Technology
9.3.5.5 South Korea Smart Shopping Cart Market
9.3.5.5.1 South Korea Smart Shopping Cart Market by Application
9.3.5.5.2 South Korea Smart Shopping Cart Market by Technology
9.3.5.6 Rest of Asia-Pacific Smart Shopping Cart Market
9.3.5.6.1 Rest of Asia-Pacific Smart Shopping Cart Market by Application
9.3.5.6.2 Rest of Asia-Pacific Smart Shopping Cart Market by Technology
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Smart Shopping Cart Market Overview
9.4.2 Middle East and Africa Smart Shopping Cart Market Forecasts and Analysis
9.4.3 Middle East and Africa Smart Shopping Cart Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Smart Shopping Cart Market Forecasts and Analysis - By Technology
9.4.5 Middle East and Africa Smart Shopping Cart Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Smart Shopping Cart Market
9.4.5.1.1 South Africa Smart Shopping Cart Market by Application
9.4.5.1.2 South Africa Smart Shopping Cart Market by Technology
9.4.5.2 Saudi Arabia Smart Shopping Cart Market
9.4.5.2.1 Saudi Arabia Smart Shopping Cart Market by Application
9.4.5.2.2 Saudi Arabia Smart Shopping Cart Market by Technology
9.4.5.3 U.A.E Smart Shopping Cart Market
9.4.5.3.1 U.A.E Smart Shopping Cart Market by Application
9.4.5.3.2 U.A.E Smart Shopping Cart Market by Technology
9.4.5.4 Rest of Middle East and Africa Smart Shopping Cart Market
9.4.5.4.1 Rest of Middle East and Africa Smart Shopping Cart Market by Application
9.4.5.4.2 Rest of Middle East and Africa Smart Shopping Cart Market by Technology
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Smart Shopping Cart Market Overview
9.5.2 South and Central America Smart Shopping Cart Market Forecasts and Analysis
9.5.3 South and Central America Smart Shopping Cart Market Forecasts and Analysis - By Application
9.5.4 South and Central America Smart Shopping Cart Market Forecasts and Analysis - By Technology
9.5.5 South and Central America Smart Shopping Cart Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Smart Shopping Cart Market
9.5.5.1.1 Brazil Smart Shopping Cart Market by Application
9.5.5.1.2 Brazil Smart Shopping Cart Market by Technology
9.5.5.2 Argentina Smart Shopping Cart Market
9.5.5.2.1 Argentina Smart Shopping Cart Market by Application
9.5.5.2.2 Argentina Smart Shopping Cart Market by Technology
9.5.5.3 Rest of South and Central America Smart Shopping Cart Market
9.5.5.3.1 Rest of South and Central America Smart Shopping Cart Market by Application
9.5.5.3.2 Rest of South and Central America Smart Shopping Cart Market by Technology
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SMART SHOPPING CART MARKET, KEY COMPANY PROFILES
11.1. CAPER
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. VEEVE INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. TRACXPOINT, INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. IMAGR
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. AMAZON.COM, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CHAOHI INCORPORATED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. CUST2MATE
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. V-MARK ENTERPRISE LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RETAIL AI, INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SMART CART (PTY) LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Caper
2. VEEVE INC.
3. TRACXPOINT, INC
4. Imagr
5. Amazon.com, Inc.
6. chaohi Incorporated
7. cust2mate
8. V-MARK ENTERPRISE LIMITED
9. Retail AI, inc
10. Smart Cart (Pty) Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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