Point of sale (PoS) printer sales is projected to increase from US$ 9,996.5 million in 2022 to US$ 42,116.4 million in 2032, growing at a CAGR of 15.5%.
The main factor driving the growth of the global POS printers market is the expansion of non-cash transactions through the use of Point of Sale (PoS) terminals in the retail sector. Receipts for sales transactions are typically produced on point-of-sale (PoS) printers. The two primary categories of Point of Sale (PoS) printers are desktop and mobile receipt printers. printer for mobile receipts. Point of sale (PoS) printers guarantee quick and efficient business operations while reducing transactional errors. Point of sale (PoS) printer purchases is primarily influenced by low power consumption, long product life cycles, printing speed, and minimal paper usage. As a result of ongoing advancements in software, processing chips, and new technology, there are now printers available with unparalleled price-performance ratios – high-quality, low-cost printers.
Point of Sale (PoS) Printers Market: Market Dynamics
The primary factor influencing the growth of the global point of sale (PoS) printer market is the rising customer preference for cashless transactions and the increasing significance of streamlining the customer payment process. The introduction of Point of Sale (PoS) payment solutions by convenience stores and department stores in emerging markets, along with ongoing government initiatives to encourage the use of cashless transactions, are raising standards and accelerating the growth of the market for point of sale (PoS) printers worldwide. Additionally, POS systems are increasingly being used in sectors like healthcare and hospitality to take advantage of new payment functionalities that do away with the customary, time-consuming ritual of customers waiting for service staff to bring them the bill. POS systems also assist clients in paying more quickly and effectively during busy times, helping enterprises gain a competitive advantage, these factors fuel the growth of the global point of sale (PoS) printers market. However, the introduction of paperless mobile payment solutions across various countries is identified as a restraint, expected to deter the progression of the global point of sale (PoS) printer market.
Point of Sale (PoS) Printers Market: Regional Outlook
Due to the high preference for cashless transactional solutions, the point of sale (PoS) printers market in North America is anticipated to dominate all other regions. Due to the ongoing adoption of mobile point of sale (PoS) terminals in retail establishments and government initiatives for cashless transactions, the Asia Pacific region is known as having the fastest growing PoS printer market.
Point of Sale (PoS) Printers Market: Competition Landscape
Seiko Instruments GmbH, HP Development Company, L.P., Epson America, Inc., Star Micronics, Bixolon, Posiflex Technology, Inc., Transact Technologies, Inc., ZIH Corp, CUSTOM SPA, and Citizen Systems are a few of the well-known companies in the global point of sale (PoS) printers market. Future Market Insights (FMI) is a well-known market research and consulting company. We provide personalized consulting services, personalized syndicated research reports, and custom research reports.
FMI offers a comprehensive packaged solution that combines up-to-date market intelligence with statistical anecdotes, technology inputs, insightful growth forecasts, a bird’s-eye view of the competitive landscape, and upcoming market trends.
Point of Sale (PoS) Printers Market: Competition Landscape
Seiko Instruments GmbH, HP Development Company, L.P., Epson America, Inc., Star Micronics, Bixolon, Posiflex Technology, Inc., Transact Technologies, Inc., ZIH Corp, CUSTOM SPA, and Citizen Systems are a few of the well-known companies in the global point of sale (PoS) printers market. Future Market Insights (FMI) is a well-known market research and consulting company. We provide personalized consulting services, personalized syndicated research reports, and custom research reports.
FMI offers a comprehensive packaged solution that combines up-to-date market intelligence with statistical anecdotes, technology inputs, insightful growth forecasts, a bird’s-eye view of the competitive landscape, and upcoming market trends.
