Will consumer market expansion drive the smart shopping cart market growth?
2022-10-14
The consumer shopping cart market is expected to reach an estimated $86.4 million by 2026 at an accelerating compound annual growth rate of 2.05%, according to a report by market research firm Technavio. Among these, smart shopping cart market growth plays an important role.
The growth is driven by several factors, on one hand, supermarkets and hypermarkets are expanding their number of retail stores globally; It was reported that Carrefour, a French multinational retailer, plans to establish its next-generation convenience stores in Paris. Other famous brand retailers are also building new style stores all over the world.
On other hand, consumers are reluctant to accept more technology products in the retail industry, then smart shopping carts are spreading worldwide. The increasing number of smart shopping carts order quantities also drives the growth of the whole consumer shopping cart market.
So will consumer market expansion drive the smart shopping cart market growth?
The answer is yes, as there are 2 reasons :
(1) Consumer market expansion means smart shopping cart demand will increase.
This year, Superhii Inc received a follow-on order for thousands of units of smart shopping carts from Japanese customers Trial. Other orders from the middle east and southeast Asia are also increasing. This all indicates that the smart shopping carts market demand is increasing.
Although smart shopping carts are still not common until now, an increasing number of retailers and consumers have heard of smart shopping carts and are trying to experience smart shopping carts. Smart shopping carts represent the newest and most fashionable high-tech product in the retail industry.
Just as smartphones and smartwatches have captured consumers, smart shopping carts will soon become common in the retail industry. But it takes some time.
(2) It has been proved that the consumer market is willing to adopt smart shopping carts.
Superhii smart shopping cart allows customers to scan items’ bar codes to purchase items, the automatic billing system then displays items’ prices on the PAD that was attached to the smart shopping cart. The smart shopping cart also supports customers to weigh fruits and vegetables, then they can purchase them directly on the smart shopping cart.
While customers are shopping, a smart shopping cart accompanies customers and sends them precise coupons and targeted promotions. The smart shopping cart also supports customers checking out on it, with various payment methods, except cash payment. When payment was completed successfully, customers can leave the store.
Superhii smart shopping carts were launched in China, Japan, the Philippines, Israel, UAE, and other countries, customers from these countries spoke highly of Superhii smart shopping carts.
“ Superhii smart shopping carts provide us with a frictionless and improved shopping experience. They have changed the way we shop, physical shopping has become interesting and fast .” Commented by customers from All Day supermarkets in the Philippines.
The more willing customers are to use a smart shopping cart, the faster the smart shopping cart market will grow.