Watch Demo

Smart Shopping Cart Market Research Report by Technology, Mode of Sales, Application, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Global Forecast 2023-2030

Smart Shopping Cart Market Research Report by Technology, Mode of Sales, Application, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Global Forecast 2023-2030
  • Publish Date:March 2023

  • Number of Pages:237

  • Report ID:6407557

  • Format:PDF

  • Publisher:360iResearch

$ 3949


Smart Shopping Cart Market Research Report by Technology (Bar Codes, RFIDs, and ZigBee), Mode of Sales, Application, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Global Forecast 2023-2030

The Global Smart Shopping Cart Market size was estimated at USD 1,396.62 million in 2022 and expected to reach USD 1,769.84 million in 2023, projecting growth at a CAGR of 27.48% to reach USD 9,745.28 million by 2030.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make better decisions. In this report, the years 2018 to 2021 are considered as historical years, 2022 as the base year, 2023 as the estimated year, and years from 2024 to 2030 are considered as the forecast period.

Cumulative Impact of COVID-19 :

The COVID-19 pandemic has had a major impact on smart shopping cart usage. As consumers become increasingly aware of the health risks associated with handling shared items such as traditional shopping carts, many retailers are turning to contactless solutions such as smart shopping carts. These carts allow customers to shop without coming into contact with any shared surfaces or objects. Furthermore, by enabling contactless payment options, retailers can reduce the risk of transmitting germs while also streamlining checkout processes. This is beneficial for both retailers and customers alike.

Cumulative Impact of Russia-Ukraine Conflict:

The Russia-Ukraine crisis has had a major impact on the destruction and shutdown of retail stores and shopping malls, affecting consumer purchasing. With tensions between these two countries escalating quickly over the past few years, many global businesses are looking for ways to reduce their exposure to potential sanctions and other economic consequences that could arise from this conflict. The cumulative impact of the Russia-Ukraine conflict on the smart shopping cart market may include disruption in the supply chain, economic uncertainty, geopolitical tensions, changes in import/export policies, and decreased investment and funding. 

Cumulative Impact of High Inflation:

High inflation has also played its part in driving up demand for automated solutions, including smart shopping carts and other forms of digital payment systems such as mobile wallets and online banking services. With prices rising rapidly due to increasing costs across a variety of sectors, consumers are seeking out ways to keep their purchases cost-effective while maintaining convenient and secure payments for goods and services purchased online or in stores. Automated solutions such as smart shopping carts provide consumers with an easy way to do just that while also taking advantage of discounts offered through loyalty programs or payment processing platforms such as Apple Pay or Google Wallet.

Market Dynamics:

The market dynamics represent the ever-shifting landscape of the Global Smart Shopping Cart Market by providing actionable insights into supply and demand levels. Taking such factors into account helps inform strategies, investments, and future developments to capitalize on opportunities or avoid potential pitfalls related to political, geographical, technical, social, and economic conditions. Such market observations also highlight consumer behaviors while influencing both manufacturing costs as well as consumer purchasing decisions.

  • Drivers
    • Transforming Retail Shopping Experience, Mass Merchandising, and Other Retail Applications by Deploying Self-Service Assistant
    • Increasing Demand for In-Store Advertising And Communications Systems in Cart Display Devices
  • Restraints
    • High Cost of Smart Carts and Reluctance of Adoption Among Retailers
  • Opportunities
    • IoT, ML, and AI Integration in the Development of Smart Shopping Carts
    • Runtime Offers/Promotions and Multi-Payment Modes
  • Challenges
    • Patent Envisions and Privacy & Security Concerns

Market Segmentation & Coverage:

    This research report categorizes the Global Smart Shopping Cart Market in order to forecast the revenues and analyze the trends in each of the following sub-markets:

  • Based on Technology, the market is studied across Bar Codes, RFIDs, and ZigBee.
  • Based on Mode of Sales, the market is studied across Direct and Distributor.
  • Based on Application, the market is studied across Shopping Malls and Supermarket.
  • Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Smart Shopping Cart Market, including AiFi Inc., Caper Inc., Cart Technologies, LLC, Cust2mate Ltd., Focal Systems Inc., Fujitsu Limited, Grabango Co., IMAGR Limited, International Business Machines Corporation, Microsoft Corporation, Retail AI, Inc., SAP SE, SK Telecom Co., Ltd., Standard Cognition, Corp., Tracxpoint, Inc., V-Mark Enterprise Limited, Veeve Inc., Walmart Inc., Wanzl India Pvt Ltd., and ZooZ by PayU Company.

The report provides insights on the following pointers:

  • Market Penetration: Provides comprehensive information on the market offered by the key players
  • Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
  • Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
  • Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
  • Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
  • Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

  • What is the market size and forecast of the Global Smart Shopping Cart Market?
  • What are the inhibiting factors and impact of COVID-19 shaping the Global Smart Shopping Cart Market during the forecast period?
  • Which are the products/segments/applications/areas to invest in over the forecast period in the Global Smart Shopping Cart Market?
  • What is the competitive strategic window for opportunities in the Global Smart Shopping Cart Market?
  • What are the technology trends and regulatory frameworks in the Global Smart Shopping Cart Market?
  • What is the market share of the leading vendors in the Global Smart Shopping Cart Market?
  • What modes and strategic moves are considered suitable for entering the Global Smart Shopping Cart Market?

Table of contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders...


Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.