Over the past five years, declining mall traffic has decimated the Mall Carts and Kiosks industry, as a greater number of consumers have gone online to buy products traditionally purchased in malls. Mall owners, battling declining traffic due to changing consumer-shopping patterns, have attempted to cultivate cart and kiosk operators with attractive lease terms and more prominent spaces. However, less mall foot traffic has ultimately forced a growing number of operators out of business. In the five years to 2019, the industry will continue to struggle, as overall mall foot traffic continues to decline. Growing consumer spending and rising household income will boost retail sales, but increased e-commerce sales are forecast to hurt the industry. As a result of declining mall traffic, operators are expected to seek new locations with more consistent and affluent streams of consumers.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.