Global Point of Sale (PoS) Receipt Printer Market: Overview
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.
While the efficacy of global point of sale (PoS) receipt printers, on one hand, is working in favor of their market, providing headwinds to the market, on the other, is the swift uptake of cloud based point of sale system. This is because of a rising crop of environmentally conscious consumers shifting towards paperless transaction.
Despite all the hurdles, the market for global point of sale (PoS) receipt printers will likely expand at a healthy clip. 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.
Mobile Receipt Printer to Outshine Vis-à-vis Growth
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. Its swift uptake is on account of the different alternatives it supports in any PoS machine to provide high printing speeds with paper jam detection. It also 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.
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.
Thriving Hospitality Sector Promoting Stellar Growth in Asia Pacific Market
From a geographical standpoint, North America is a leader in the global point of sale (PoS) receipt printers market. Its market was worth US$591.47 mn in 2015 and going forward too, the region is expected to hold on to its dominant share. The region’s growth is mainly led by the U.S. and Canada, which are home to many big retail brands, namely Walgreen, Wal-Mart Stores, The Home Depot, The Kroger Co, Costco, Target, etc. A well-established hospitality sector, the booming fast food chain and restaurants industry, and the thriving entertainment sector is also majorly fuelling the market in North America.
The market for point of sale (PoS) receipt printers in Europe is mainly being powered by France, Germany, and the U.K. Asia Pacific is another key region which is expected to see rapid adoption of PoS receipt printers and hence grow at a good clip. The hospitality segment in the region will likely be a major contributor the market. China and India are expected to gross maximum revenue in the region.
Some of the prominent participants in the market are Citizen Systems Europe GmbH, Bixolon Co., Ltd., SEIKO EPSON CORP., Posiflex Technology, Inc., HP Development Company L.P., Transact Technologies, Inc., POS-X, Star Micronics, Inc., TVS Electronics, and ZIH Corp.
Global Point of Sale (PoS) Receipt Printer Market: Overview
This report on the global Point of Sale (PoS) receipt printer market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global PoS receipt printer market growth during the said period.
Technologies that are playing a major role in the driving the global PoS receipt printer market have also been covered in the study. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue estimates (in US$ Mn), across different geographies. Receipt printers are a significant part of a PoS system which are used in retail sector to print customer receipts and credit or debit card slips. Restaurants and hospitality also use receipt printers to print off orders back at the bar or in the kitchen. Moreover, PoS receipts printer is a marketing tool which helps to drive the market growth. PoS receipt printer uses different type of technology including local area network (LAN), Wi-Fi, USB, and Bluetooth which help to connect the printer at any place.
Global Point of Sale (PoS) Receipt Printer Market: Segmentation
The PoS receipt printer has been segmented on the basis of type, technologies, and end-use. Based on type, the market has been further classified into desktop receipt printer and mobile receipt printer. By technologies, the market is further classified into thermal, impact/dot matrix, and inkjet.
Geographically, the report classifies the global PoS receipt printer into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, the study also includes quantitative analysis of the competitive scenario for region wise prominent countries which covered in the report include the following - the U.S, Canada, Germany, France, the U.K., China, India, Japan, Australia, UAE, Saudi Arabia, South Africa, Brazil and Argentina. The market size and forecast for each region has been provided for the period from 2015 to 2025 along with the CAGR (%) for the forecast period from 2017 to 2025.
The report also includes key industry developments in the PoS receipt printer. Porter Five Force analysis is also included in the report. Value chain analysis which identifies the process of distribution of the product in the PoS receipt printer is also covered in the report.
The report also covers segment wise, market attractiveness analysis and market share analysis for all regions covered in the scope of study.
This report shows market attractiveness analysis for all the segments and for all the regions in the scope of study which identifies and compares segments market attractiveness on the basis of CAGR and market share index.
Global Point of Sale (PoS) Receipt Printer Market: Competitive Landscape
The report also includes competition landscape which include competition matrix, market share analysis of major players in the global PoS receipt printer based on their 2016 revenues, profiling of major players (desktop receipt printer and mobile receipt printer providers). Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players.
Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for year 2013 to 2016. The key players profiled in the global PoS receipt printer include Bixolon Co., Ltd., Citizen Systems Europe GmbH, Seiko Epson Corp., HP Development Company L.P., Posiflex Technology, Inc., POS-X, Star Micronics, Inc., Transact Technologies, Inc., TVS Electronics, ZIH Corp etc.
The global PoS receipt printer is segmented as below:
Global PoS receipt printer, By Type
- Desktop Receipt Printer
- Mobile Receipt Printer
Global PoS receipt printer, By Technologies
- Impact/Dot Matrix
Global PoS receipt printer, By End-Use
- Warehouse / Distribution
- Others (Field Service, Government, Transportation, etc.)
Global PoS receipt printer, By Geography
- North America
- The U.S.
- Rest of North America
- The U.K
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Rest of South America