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NEW YORK , April 22, 2022 /PRNewswire/ -- The trolley market report by Technavio gives an insight into the current market scenario and growth in the market between 2021 and 2026. The report provides accurate information and cutting-edge analysis to assist clients to formulate optimal business strategies and decide the appropriate path by tapping all forthcoming opportunities.
To help businesses expand their reach by targeting niche areas, Technavio analyzes the trolley market by application (industrial application, airport, and others) and geography (APAC, North America , Europe , South America , and the Middle East and Africa ).
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The increasing demand for trolleys in supermarkets and foodservice industry will be crucial in driving the growth of the global trolley market. The rising population and rapid urbanization have increased the demand for quick service restaurants and supermarkets across the world. Many foodservice chains such as McDonald's, Burger King, Starbucks, and Pizza Hut are focusing on expanding their network by introducing new foodservice retail outlets. Similarly, the number of supermarkets is also increasing owing to significant investments in expansion plans by leading supermarket players.
Many such expansion plans by supermarket and foodservice retail chains are increasing the demand for various types of trolleys and thereby, propelling the global trolley market to register an incremental growth of USD 412 .46 million between 2021 and 2026.
In addition, innovations in trolley designs led by rising end-user demand for convenient trolleys will further enhance the market growth. On the other hand, the negative impact of the pandemic will hinder the market growth during the forecast period.
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Dominant Players Profiled in Trolley Market:
The global trolley market report offers information such as company profiles, products and services offered, financial status, new product launches, and recent developments. The following are identified as the dominant players in the market.
The global trolley market is fragmented and consists of few established and many regional players. These players are competing on various aspects including quality, innovation, and pricing. Some players are focusing on the development of smart shopping trolleys with automatic billing systems which helps reduce the labor costs and the waiting time for customers. This might have a negative impact on the demand for ordinary shopping carts. To compete with global players and gain extra market share, regional vendors are coming up with innovative trolley designs at low costs. These developments are intensifying competition levels in the global trolley market.
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Accelerate at a CAGR of 3.93%
APAC, North America, Europe, South America, and Middle East and Africa
US, Canada, China, UK, and Germany
Leading companies, competitive strategies, consumer engagement scope
Americana Co., Caddie Hotel Srl, Canadas Best Store Fixtures Inc, Cefla SC, Kailiou Commercial Equipment Co. Ltd., Little Giant Ladder Systems LLC, National Cart Co., ONRACKS TMTE Metal Tech Pvt Ltd, R.W. Rogers Co., Sambo Corp., Shanghai Rongxin PetProduct Co. Ltd., The Fairbanks Co., Unarco Industries LLC, Van Keulen Interieurbouw BV, Versacart Systems Inc., and Wanzl Metallwarenfabrik GmbH
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
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