Smart Shopping Cart Market

Smart Shopping Cart Market was estimated at USD 932 Million in 2020 and projected to grow at 27.6% CAGR during the forecast period.

Introduction of the Smart Shopping Cart Market Report
Smart shopping cart are systems which gives solution to reduce the shopping time of a consumer. Smart shopping cart has a barcode scanner and a touchscreen display to scan the product and display the product information, cost, and total bill. The customer can pay the bill through any online payment mode which will give a better consumer experience.

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Market Dynamic
Key Drivers and Emerging Trends
The factors driving the global Smart Shopping Cart market include the advance technology supporting smart retail operations. It is benefiting both buyer and cashier as buyer can skip standing in line for billing and cashier can save the time for billing process and smoothen the workflow. Moreover, technology is used in smart shopping cart like RFID and Zigbee to identify the product details and send the information wirelessly to the receiver is driving market demand. For instance, Amazon has developed a smart shopping cart called the Amazon Dash Cart. The cart uses sensor vision algorithms and sensor fusion technology to identify the product customer place in the basket. The sensors automatically identify the cart, and the payment can be done by credit card on their Amazon account.

Restraint in the Smart Shopping Cart Market
However, high initial cost of the smart cart for small departmental stores will further restrict the global Smart Shopping Cart market.

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Technology – Segment Analysis
Based on the technology, the RFID is projected to grow at the fastest rate in the global Smart Shopping Cart market during the forecast period. Unlike other technologies, RFID is capable of reading and writing data. RFID readers send data after reading every tag to the arduino board. It does not require line-of-sight and can read multiple tags at a time. When the shopper puts any product in the cart, it is detected by the RFID reader and displayed on LCD along with the price details of the product. For instance, Caper Inc., is manufacturing smart shopping cart with a built-in video screen, camera, and RFID sensor.

Application – Segment Analysis
Based on the application, the shopping mall segment is projected to capture the largest market share over the forecast period due to offering a wide range of food, beverages, and household products. Shopping malls have more footfalls than any other market owing to adopting the smart shopping cart to operate efficiently. For instance, A2Z smart technologies is producing smart carts under cust2mate with self-checkout by saving time of the of the store manager with unprecedented level of control, efficiency, and cost-effectiveness.

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Regional – Segment Analysis:
Based on the region, North America region is expected to capture a significant market share in the global Smart Shopping Cart market due to the rising adoption of technology and increasing investments in the research and development activities along with growing start-up companies. For instance, an American start-up Caper has raised USD 10 million fund in 2019. Market diversification, competitive assessment, and manufacturing capabilities of the leading players will further propel the market growth. For instance, Kroger Co. is piloting an AI-powered smart cart branded as KroGo in Cincinnati. It enables shoppers to scan items and pay directly via cart, eliminating waiting in line at the checkout area.

Top Market Players
Various notable players operating in the market include Kroger Co., Cust2mate Ltd., Caper Inc., Veeve Inc., Tracxpoint LLC, Amazon.com, Inc., Chaohi Incorporated, Retail AI Inc., Smart Cart Ltd., V-mark Enterprises Limited, and among others.

Key Developments:

• • In 2021, Instacart acquires Caper AI, a smart cart and instant checkout start up for USD 350 million. The acquisition is part of Instacart’s expanding B2B2C retail technology strategy.
  • In 2019, Caper rolls out smart shopping cart with Sobeys, world’s first AI powered shopping cart. The caper smart cart improves a retailer’s entire shopping experience by streamline checkout and through an interactive screen.

Segments covered in the Report:
The global Smart Shopping Cart market has been segmented on the basis of Technology, Application, Mode of sales, and regions. Based on Technology, the market is segmented into Barcodes, RFID, and Zigbee. Based on Application, the market is segmented into Supermarket, Shopping Malls, and Others. Based on Mode of sales, the market is segmented into Direct, Distributor.

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Key questions answered in this research report:

• • At what pace is global smart shopping cart market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in smart shopping cart market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Smart shopping cart market?
  • Which technology generated maximum revenues in 2020 and identify the most promising technology during the forecast period?
  • What are the various application areas of global Smart Shopping Cart market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Smart Shopping Cart Market by Technology

• • Barcodes
  • RFID
  • Zigbee

Global Smart Shopping Cart Market by Application

• • Supermarket
  • Shopping Malls
  • Others

Global Smart Shopping Cart Market by Mode of sales

• • Direct
  • Distributor

Global Smart Shopping Cart Market by Region

• • North America Smart Shopping Cart Market (Option 1: As a part of the free 25% customization)
    • North America Smart Shopping Cart Market by Technology
    • North America Smart Shopping Cart Market by Application
    • North America Smart Shopping Cart Market by Mode of sales
    • US Smart Shopping Cart Market All-Up
    • Canada Smart Shopping Cart Market All-Up
  • Europe Smart Shopping Cart Market (Option 2: As a part of the free 25% customization)
    • Europe Smart Shopping Cart Market by Technology
    • Europe Smart Shopping Cart Market by Application
    • Europe Smart Shopping Cart Market by Mode of sales
    • UK Smart Shopping Cart Market All-Up
    • Germany Smart Shopping Cart Market All-Up
    • France Smart Shopping Cart Market All-Up
    • Spain Smart Shopping Cart Market All-Up
    • Rest of Europe Smart Shopping Cart Market All-Up
  • Asia-Pacific Smart Shopping Cart Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Smart Shopping Cart Market by Technology
    • Asia-Pacific Smart Shopping Cart Market by Application
    • Asia-Pacific Smart Shopping Cart Market by Mode of sales
    • China Smart Shopping Cart Market All-Up
    • India Smart Shopping Cart Market All-Up
    • Japan Smart Shopping Cart Market All-Up
    • Rest of APAC Smart Shopping Cart Market All-Up
  • RoW Smart Shopping Cart Market (Option 4: As a part of the free 25% customization)
    • RoW Smart Shopping Cart Market by Technology
    • RoW Smart Shopping Cart Market by Application
    • RoW Smart Shopping Cart Market by Mode of sales
    • Brazil Smart Shopping Cart Market All-Up
    • South Africa Smart Shopping Cart Market All-Up
    • Saudi Arabia Smart Shopping Cart Market All-Up
    • UAE Smart Shopping Cart Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Smart Shopping Cart Market All-Up

Major Players Operating in the Smart Shopping Cart (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Kroger Co.
  • Cust2mate Ltd.
  • Caper Inc.
  • Veeve Inc.
  • Tracxpoint LLC
  • com, Inc.
  • Chaohi Incorporated
  • Retail AI Inc.
  • Smart Cart Ltd.
  • V-mark Enterprises Limited