Point Of Sale Receipt Printer Market : Insights into the Competitive Scenario of the Market

At the forefront of driving growth in the global point of sale (PoS) receipt printers market are the sectors of retail, hospitality, healthcare, warehouse/distribution, and entertainment. Their explosive growth in the recent past has served to boost demand for PoS receipt printers which accord a number of advantages such as mobility, accuracy, and less time in printing.

A report by Transparency Market Research predicts the market to rise at a CAGR of 7.7% during the period between 2016 and 2025 to become worth US$ 4.2 bn by 2025.

The two types of point of sale (PoS) receipt printers available in the market are desktop receipt printer and mobile receipt printer. Of the two, the desktop receipt printer segment is more popular and hence contributes significantly to the market.

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The mobile point of sale (PoS) receipt printer accords mobility as it helps to access POS machine on the go. These printers are best suitable for the customers that require mobility in receipt printing in their business.

Mobile PoS printer also has an options for USB, Wi-Fi, and Bluetooth connectivity. In terms of growth rate, the mobile receipt printer segment will likely surpass the desktop receipt printer.

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From a geographical standpoint, North America is a leader in the global point of sale (PoS) receipt printers market. Its market was worth US$591.47 mn in 2015 and going forward too, the region is expected to hold on to its dominant share. The region’s growth is mainly led by the U.S. and Canada, which are home to many big retail brands, namely Walgreen, Wal-Mart Stores, The Home Depot, The Kroger Co, Costco, Target, etc. A well-established hospitality sector, the booming fast food chain and restaurants industry, and the thriving entertainment sector is also majorly fuelling the market in North America.

The market for point of sale (PoS) receipt printers in Europe is mainly being powered by France, Germany, and the U.K. Asia Pacific is another key region which is expected to see rapid adoption of PoS receipt printers and hence grow at a good clip. The hospitality segment in the region will likely be a major contributor the market. China and India are expected to gross maximum revenue in the region.

Some of the prominent participants in the market are Citizen Systems Europe GmbH, Bixolon Co., Ltd., SEIKO EPSON CORP., Posiflex Technology, Inc., HP Development Company L.P., Transact Technologies, Inc., POS-X, Star Micronics, Inc., TVS Electronics, and ZIH Corp.

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This release was published on openPR.