Mall Carts & Kiosks in the US - Industry Market Research Report

Mall Madness: The Industry Will Battle Through Rising Online Competition and Falling Mall Foot Traffic

The Mall Carts and Kiosks industry, which includes a diverse range of specialty retail establishments that are typically located in shopping malls, airports, at sporting events or within large department stores, has contended with difficult conditions. Declining mall traffic and rising external competition have threatened operators, which rely primarily on impulse purchases. Despite strong consumer spending and more aggressive tactics by shopping mall owners to earn revenue from underutilized spaces, the industry has struggled to maintain sales during the period. Since 2020, the industry has been severely impacted by the outbreak of COVID-19 pandemic. Overall, the cumulative effect of these trends is expected to result in a decline in demand for the industry, with revenue projected to fall a CAGR of 5.1% to $11.7 billion over the five years to 2023, including a decline of 3.0% during the current year. This industry comprises establishments that retail various goods (excluding food) from kiosks and carts. Operators are most often located in indoor or outdoor malls or shopping areas. This industry also includes computer-based interactive or self-service kiosks. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.