Smart Shopping Cart Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The smart shopping cart market size has grown exponentially in recent years. It will grow from $1.72 billion in 2024 to $2.21 billion in 2025 at a compound annual growth rate (CAGR) of 28.5%. The growth in the historic period can be attributed to retail efficiency improvement, consumer convenience, contactless payments, enhanced security measures, competitive differentiation.

The smart shopping cart market size is expected to see exponential growth in the next few years. It will grow to $5.35 billion in 2029 at a compound annual growth rate (CAGR) of 24.8%. The growth in the forecast period can be attributed to integration with AI and machine learning, rise of autonomous stores, global pandemic impact, sustainability focus, expansion of e-commerce integration. Major trends in the forecast period include technological advancements, data analytics integration, autonomous store development, smart cities initiatives, augmented reality (AR) features.

The increasing retail sector is expected to propel the growth of the smart shopping cart market going forward. The retail sector refers to a segment of the economy where businesses sell goods or services directly to consumers. The rector sector growth is influenced by various factors, including changing consumer behavior, increased internet shopping, and challenging economic conditions. Smart shopping carts are primarily used in the retail sector to improve the shopping experience for customers, increase efficiency for retailers, and create a more modern, efficient, and customer-centric shopping environment. For instance, in March 2023, according to reports published by the National Retail Federation, a US-based retail trade association, US annual retail sales increased to $5.23 trillion in 2023 from $4.94 trillion in 2022, and it is anticipated that retail sales will expand between 4% and 6% in 2023. Therefore, the increasing retail sector is driving the growth of the smart shopping cart market.

Major companies operating in the smart shopping cart market are focusing on technologically advanced products, such as shopping carts, to deliver a personalized in-store shopping experience. Smart shopping carts are innovative shopping trolleys embedded with technology to enhance the grocery experience. They are equipped with various sensors, such as cameras, weight scales, and barcode scanners, allowing them to detect the items customers pick and display the price on a screen. For instance, in May 2022, Albertsons Companies Inc., a US-based grocery company, launched the smart shopping carts in partnership with Veeve Inc., a US-based company that focuses on shopper engagement in the retail sector. These innovatively powered shopping carts allow shoppers to scan items directly in the cart, weigh produce, and keep track of the total cost in real time. They also integrate with loyalty accounts, providing access to promotions and savings while shopping. The goal of these AI-powered carts is to increase personalization, with the potential to recognize shopping habits and recommend products or recipes. Additionally, they aim to streamline the checkout process.

In June 2024, Aldi, a Germany-based discount grocery chain, announced a partnership with Instacart, a US-based leader in digital grocery solutions, to enhance the in-store shopping experience through advanced technology. This partnership enables Aldi customers to use Instacart’s AI-powered "caper carts" for a more efficient and streamlined shopping experience. These innovative carts allow shoppers to add items with ease, view running totals on a digital display, and access expedited checkout options to minimize wait times. Instacart’s caper carts are designed to modernize grocery shopping by integrating digital capabilities, which aligns well with Aldi’s commitment to affordability and convenience for customers.

Major companies operating in the smart shopping cart market are Walmart Inc., Amazon.com Inc., Microsoft, Mitsui And Co. Ltd., Panasonic, International Business Machines Corporation, Oracle Corporation, SAP SE, Fujitsu Limited, SK Telecom Co. Ltd., Check Point Software Technologies, Veeve Systems, Toshiba Global Commerce Solutions Inc., Carttronics LLC, Zippin Inc., Focal Systems Inc., Mashgin Inc., Nourish Technology, Inc., Imagr Ltd., Wheelys Café AB, Pentland Firth Software GmbH, Grabango Co., SuperSmart, Sensei Technologies Inc., Standard Cognition Corporation.

North America was the largest region in the smart shopping cart market in 2024. The regions covered in the smart shopping cart market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart shopping cart market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart shopping cart market consists of revenues earned by entities providing services such as automated scanning, navigation assistance, seamless checkout, contactless payment options, and inventory management. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart shopping cart market also includes sales of automated scanning systems, display screens, navigation and mapping systems, and integrated payment systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

A smart shopping cart refers to a technologically enhanced shopping cart designed to improve and modernize the traditional shopping experience. These innovative carts incorporate various technologies and features to enhance efficiency, convenience, and overall customer satisfaction during the shopping process.

The main types of components in smart shopping carts are wheels, handles, bags, frames, scanners, displays, and others. A wheel refers to the physical or digital components that enable the cart to move smoothly and efficiently within a store. This includes various technologies, such as barcodes, radio-frequency identification (RFID), and Zigbee, and can be sold through several modes of sales, including direct and distributor. These are used for various applications, such as supermarkets, shopping malls, and others.

The main types of components in smart shopping carts are wheels, handles, bags, frames, scanners, displays, and others. A wheel refers to the physical or digital components that enable the cart to move smoothly and efficiently within a store. This includes various technologies, such as barcodes, radio-frequency identification (RFID), and Zigbee, and can be sold through several modes of sales, including direct and distributor. These are used for various applications, such as supermarkets, shopping malls, and others.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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