Tourism and hospitality to fuel growth in APAC merchandising carts market
India, China, Japan are driving consumer demand for merchandising carts.
A study showed that merchandising carts market in the Asia Pacific is seen to generate CAGR of 3.9% this year.
In a report, Future Markets Insights said flexible and mobile retail solutions will be necessary for consumers.
It cited an example in cities like Mumbai, Delhi, and Bangalore that are witnessing a surge in street markets and mobile retail concepts, where merchandising carts play a crucial role.
Tourist destinations, popular attractions, and cultural events often require mobile retail solutions to offer services amidst the influx of visitors.
In India, merchandising carts are needed to display local handicrafts, textiles, and souvenirs. In Japan, street food stalls and mobile retail shops also need merchandising carts; in China, the tool is needed for night markets.
“Merchandising carts provide a platform for retailers to create experiential retail spaces, pop-up shops, and themed displays that cater to these preferences,” read the report.