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The trolley market size is forecast to increase by USD 554.6 million at a CAGR of 4.69% between 2023 and 2028. The market is witnessing significant growth due to the increasing adoption of trolleys in supermarkets and the food service industry. This trend is driven by the convenience and efficiency offered by trolleys in managing and transporting goods. Additionally, innovations in The market are contributing to market growth, with advancements in design and functionality. However, volatile raw material prices used for the production of trolleys pose a challenge to market growth. Despite this, the market is expected to continue expanding due to the growing demand for trolleys in various industries.
The platform the market is witnessing significant growth in the retail sector, particularly in emerging markets. Data points indicate that the demand for platform trolleys is increasing in retail stores and warehouses due to their ergonomic designs and customizable features. Ergonomic platform trolleys with adjustable heights and metal-wired wheel carts are gaining popularity for their user comfort and workplace safety. Shopping trolleys, also known as shopping carts, are essential vehicles for transporting goods in retail environments. Consumer convenience and sustainability are key factors driving the growth of the shopping trolley industry. Emerging markets are expected to offer significant opportunities due to changing consumer behavior towards hygiene measures and advanced technologies.
Platform trolleys are being designed with antimicrobial coatings to ensure hygiene and ergonomic designs for user comfort. Customizable platform trolleys with adjustable heights cater to the varying needs of different users. The market is also focusing on sustainability by using eco-friendly materials and advanced technologies to enhance the overall shopping experience.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The offline segment is estimated to witness significant growth during the forecast period. In the retail sector, workplace safety remains a top priority, particularly in the management of heavy loads in retail stores and warehouses. Customizable platform trolleys, with adjustable heights and load capacities, are essential for the manual handling of goods in these environments. The shopping trolley industry continues to evolve, with digital technology advancements introducing electric platform trolleys for enhanced efficiency. These trolleys are widely used in various industries, including medical supplies and equipment in the healthcare sector, and food and linens in the hospitality industry. As urbanized customers increasingly embrace online shopping, the market adapts with eco-friendly materials and advanced technologies.
Laser cutting technology and artificial intelligence enable the production of high-quality, customizable trolleys. Real-time monitoring, lockable smartphone holders, and anti-theft storage are some features that cater to consumer convenience and security. Ergonomic designs and user comfort are also essential considerations, ensuring sustainability in the long run. With changing consumer behavior, the shopping trolley industry continues to innovate, offering antimicrobial coatings, adjustable heights, and digital interfaces to meet evolving needs.
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The offline segment was valued at USD 1.52 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in APAC is experiencing significant growth due to the increasing industrial production and expanding trade opportunities in the region. With technology spending anticipated to rise during the forecast period, the hardware segment is projected to be the second-largest spending category in APAC. This segment encompasses computer and exterior equipment, communication equipment, and other hardware. Japan and China are the leading hardware manufacturing countries in APAC, followed closely by South Korea and Taiwan. In India, government initiatives like Digital India are fueling the hardware market's growth. The escalating hardware purchases will necessitate the use of ergonomic platform trolleys at warehouses and production centers to facilitate efficient material handling and optimize workflows.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing use of trolleys in supermarkets and food service industry is the key driver of the market. The retail sector in the US, including supermarkets and warehouses, is experiencing significant growth, particularly in the food and beverages industry. Retailers such as Aldi and Lidl are expanding their presence, aiming to increase their store count in the US. Despite the substantial capital investment, the market entry barriers are low due to the vast opportunities in the US market. In this context, workplace safety remains a top priority for retailers. Customizable platform trolleys with adjustable heights and load capacities are essential for the manual handling of heavy loads in retail stores and warehouses. Electric platform trolleys are increasingly popular in industries like medical supplies and equipment, hospitality, and online shopping.
Eco-friendly materials, advanced technologies like laser cutting and artificial intelligence, real-time monitoring, and ergonomic designs are becoming essential features in shopping trolleys and shopping carts. Consumer convenience and sustainability are driving the demand for these features. Digital technology advancements, such as antimicrobial coatings and lockable smartphone holders, are also gaining popularity to enhance user comfort and security. Production standards and quality products are crucial for retailers to maintain inventory and meet the demands of urbanized customers. Changing consumer behavior, including the preference for advanced technologies, is shaping the shopping trolley industry. Sustainability and consumer convenience are key factors influencing the market. Overall, the shopping trolley industry is poised for growth, with innovation and quality being the key differentiators.
Innovations in global trolley market is the upcoming trend in the market. The retail sector, encompassing retail stores and warehouses, is witnessing significant advancements in workplace safety and convenience through the use of customizable platform trolleys. These trolleys, available in adjustable heights and varying load capacities, facilitate manual handling of heavy loads in a safe and ergonomic manner. The trolley industry has also seen the integration of digital technology, with electric platform trolleys and automated systems gaining popularity. In the medical supplies and equipment sector, as well as the hospitality industry dealing with food and linens, these trolleys ensure consumer convenience and sustainability. Advanced technologies such as laser cutting and artificial intelligence enable the production of high-quality, eco-friendly materials for trolleys.
Real-time monitoring systems and lockable smartphone holders offer added security features. Urbanized customers increasingly demand antimicrobial coatings and ergonomic designs for enhanced user comfort. The market caters to these changing consumer behaviors, focusing on sustainability, consumer convenience, and advanced technologies. Inventory management is streamlined with digital innovations, ensuring production standards are met and quality products are delivered.
Volatile raw material prices used for production of trolleys is a key challenge affecting market growth. The retail sector, including retail stores and warehouses, relies heavily on the use of trolleys and shopping carts for the efficient movement of goods. Customizable platform trolleys with adjustable heights and load capacities are essential for the manual handling of heavy loads in various industries, such as medical supplies, equipment, and the hospitality sector, which deals with food and linens. Digital technology advancements, including laser cutting technology and artificial intelligence, have revolutionized the production of eco-friendly materials used in trolley manufacturing. The shopping trolley industry continues to evolve, with digital technologies such as real-time monitoring, lockable smartphone holders, and anti-theft storage becoming increasingly popular.
Production standards remain high, ensuring the delivery of quality products that meet the changing needs of urbanized customers. Advanced technologies, such as ergonomic designs, user comfort, sustainability, and consumer convenience, are key considerations in the development of new trolley models. However, The market faces challenges due to volatile raw material prices. Steel, aluminum, plastics, and rubber are fundamental to trolley production, but their prices are subject to erratic fluctuations influenced by supply and demand dynamics, geopolitical events, and market speculation. These unpredictable price changes can have severe repercussions, compelling manufacturers to absorb elevated production costs or pass them on to consumers.
For instance, the reduction in local steel markets in China, a significant producer and exporter of steel, in 2021 had a significant impact on the global supply chain. Despite these challenges, the trolley industry continues to innovate and adapt to meet the evolving needs of consumers and businesses.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Americana Co.: The company offers trollies such as plastics, metals wire and garden center and more.The company offers trollies such as plastics, metals wire and garden center and more.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The shopping trolley industry is a significant contributor to the retail sector, providing essential mobility solutions for both retail stores and warehouses. Workplace safety is a top priority, with customizable platform trolleys offering adjustable heights and load capacities to facilitate the manual handling of heavy loads. Electric platform trolleys are increasingly popular in industries such as medical supplies and equipment, hospitality, and food and linens, where large volumes of goods need to be moved efficiently. Digital technology advancements, including laser cutting technology and artificial intelligence, are revolutionizing the industry. Real-time monitoring systems enable retailers to optimize inventory management and improve consumer convenience.
Eco-friendly materials are also gaining popularity, aligning with changing consumer behavior towards sustainability. Customers expect user comfort and ergonomic designs, with advanced technologies such as antimicrobial coatings and lockable smartphone holders enhancing the shopping experience. The industry continues to evolve, with a focus on production standards, quality products, and anti-theft storage. Online shopping is driving growth, with shopping trolleys and carts adapting to meet the needs of urbanized customers.
Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.69% |
Market growth 2024-2028 |
USD 554.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.95 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 33% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advance Carts Inc., Americana Co., C.R.Daniels Inc, Caddie Hotel Srl, Canadas Best Store Fixtures Inc, Cefla SC, Kailiou Commercial Equipment Co. Ltd., Little Giant Ladder Systems LLC, Magline Inc, National Cart Co., ONRACKS TMTE Metal Tech Pvt Ltd, R.W. Rogers Co., Rehrig Pacific Co., Sambo Corp., Shanghai Rongxin PetProduct Co. Ltd., The Fairbanks Co., Unarco Industries LLC, Van Keulen Interieurbouw BV, Versacart Systems Inc., and Wanzl GmbH and Co. KGaA |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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