Point Of Sale Receipt Printer Market Recent Industry Developments And Growth Strategies Adopted By Players
A report by Transparency Market Research forecasts the global point of sale (PoS) receipt printer market to rise at a 7.7% CAGR from 2016 to 2025 to become worth US$ 4.2 bn by 2025.
Presence of Major Retail Brands Powers North America Market
The different types of point of sale (PoS) receipt printers available in the market are desktop receipt printer and mobile receipt printer. Among the two, the desktop receipt printer is estimated to contribute a substantial share in the market. This is because desktop receipt printer segment contains different alternatives to support any PoS machine to provide high quality printing speeds with paper jam detection. It supports essential receipt printing, slip printing or check validation. It includes all the critical desktop printer required to support various point of sale receipt printer application software, tools, and technologies. Examples of such desktop printer are thermal desktop printer, impact desktop printer with USB or Bluetooth connectivity and compatibility.
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Geographically, the key segments of the global point of sale (PoS) receipt printers market are North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Among them, North America holds a dominant share in the global point of sale (PoS) receipt printers market and going forward too, is slated to retain its leading share. Primarily driving expansion in the North America market is Canada and the U.S. The two countries are home to many big names in retail such as Walgreen, Wal-Mart Stores, The Home Depot, Costco, The Kroger Co, Target, etc., and this is what makes them leading market in the region. The overall market in North America was worth US$591.47 mn in 2015.
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Efficacy and Speed of PoS Receipt Printers Driving Market
A number of factors are said to be driving the market for point of sale (PoS) receipt printers which are mainly used to generate the receipt or bill of the transactions such as tickets and sales receipt. The unique perceived benefit of PoS receipt printers are that they are accurate, efficient, and effective and hence produce quality receipts and within the shortest time. This has led to their swift uptake in the proliferating retail and hospitality sector in the recent years. Other sectors promoting demand for point of sale (PoS) receipt printers are healthcare, warehouse/distribution, and entertainment. It serves to fulfill their need for mobility too.
One factor, providing headwinds to the global point of sale (PoS) receipt printers market, however, is the increasing adoption of cloud based point of sale system. This is because of a rising crop of environmentally conscious consumers shifting towards paperless transaction.
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This review is based on the findings of a TMR report, titled, “Point of Sale (PoS) Receipt Printer Market (Type - Desktop Receipt Printer and Mobile Receipt Printer; Technologies - Thermal, Impact/Dot Matrix, and Inkjet; End Use - Hospitality, Healthcare, Retail, Warehouse / Distribution, and Entertainment (Field Service, Government, and Transportation) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”
Global PoS Receipt Printer, by Type
Desktop Receipt Printer
Mobile Receipt Printer
Global PoS Receipt Printer, by Technologies
Global PoS Receipt Printer, by End-Use
Warehouse / Distribution
Others (Field Service, Government, Transportation, etc.)
Global PoS Receipt Printer, by Geography
Rest of North America
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East and Africa (MEA)
Rest of MEA
Rest of South America
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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