Point of Sale (POS) Cash Drawer Market by End-user, Interface, and Geography - Forecast and Analysis 2021-2025

The point of sale (POS) cash drawer market share is expected to increase by USD 477.06 million from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of 5.9%.

This point of sale (POS) cash drawer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers point of sale (POS) cash drawer market segmentation by end user (retail and hospitality), interface (printer-driven cash drawer, ethernet-driven cash drawer, serial and USB-driven cash drawer, and manually-driven cash drawer), and geography (APAC, Europe, North America, South America, and MEA). The point of sale (POS) cash drawer market report also offers information on several market vendors, including APG Cash Drawer LLC., Cash Register Warehouse, CASIO Computer Co. Ltd., Diebold Nixdorf Inc., HP Inc., MMF POS, M-S Cash Drawer, NCR Corp., Xiamen Kasrow Industry & Trade Co. Ltd., and Zhangjiagang Hongsheng Technology Co. Ltd. among others.

What will the Point Of Sale (POS) Cash Drawer Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Point of Sale (POS) Cash Drawer Market Size for the Forecast Period and Other Important Statistics

 

Point Of Sale (POS) Cash Drawer Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The safety and effective cash management is notably driving the point of sale (POS) cash drawer market growth, although factors such as the growing sales of e-commerce reducing customer footfalls in retail stores may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the point of sale (POS) cash drawer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Point Of Sale (POS) Cash Drawer Market Driver

The safety and effective cash management offered by POS cash drawers will fuel the growth of the market during the forecast period. Retailers are making significant investments in internal control measures to safeguard their cash and equivalent assets. Since cash is the most important liquid asset of a business, ensuring its safety with reliable and stringent controls is crucial. Following proper cash management practices is also relevant to maintain accurate financial reporting. Cash drawers are designed to ensure both safety and effective cash management. They collect, record, and track all cash and non-cash receipts and disbursements. Theft and robbery are common issues that retailers encounter. By ensuring proper controls at checkouts, cash loss from such incidents can be limited. Cash drawers require cashiers to log in with unique credentials each time to gain access to the cash in it. Each time a cash drawer is opened or closed, it makes an employee accountable for the cash in the drawer. This ensures complete cash safety even when the checkouts are unattended at times. This is expected to boost the growth of the POS cash drawer market during the forecast period.

Key Point Of Sale (POS) Cash Drawer Market Trend

The growing popularity of small POS cash drawers is one of the significant factors driving POS cash drawer market growth. Decreasing retail footprints and cash transactions have compelled merchants and retailers to demand smaller cash drawers that can reduce the storage space at POS terminals. Vendors are addressing this demand by designing small cash drawers that offer the same functionalities as a full-sized cash drawer. These functions include connectivity options and support for mobile payment apps that are required for a POS system. GiftLogic, a POS software service provider, offers M-S Cash Drawer EP-1313, measuring only 13" X 13", which is smaller than a regular cash drawer. The reduced size of these drawers ensures easy usage with Windows-based tablets and laptops. It also offers sophisticated connectivity with the POS system via a standard printer-driven interface. It has a steel-body build and a 3-function center key lock, ensuring complete safety to the retailers. Its additional features include a removable plastic money tray that comprises five bills and eight-coin compartments and a detachable exit cable and a media slot.

Key Point Of Sale (POS) Cash Drawer Market Challenge

Growing sales of e-commerce reducing customer footfalls in retail stores is a major hindrance to the point of sale (POS) cash drawer market growth. Rapidly flourishing e-commerce has revolutionized the conventional way of customer shopping and is posing serious challenges to the survival of brick-and-mortar stores. Online retailers like Amazon, Alibaba, and eBay are continuing promotional prices in the market, offering a significant boost to e-retailing in the consumer durables sector. The major drawback that physical retailers face is the inability to compete with the low prices offered by online players. E-commerce companies are strategically increasing their market share by offering a host of features and benefits. Some of these benefits include large product assortments, detailed customer reviews, easy return policies, doorstep delivery, customer-informed fit guides with videos, price discounts, brand comparisons, enhanced customer interactions, and many more. This is expected to hinder the growth of the global POS cash drawer market during the forecast period.

This point of sale (POS) cash drawer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global point of sale (POS) cash drawer market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the point of sale (POS) cash drawer market during the forecast period.

Who are the Major Point Of Sale (POS) Cash Drawer Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• APG Cash Drawer LLC.
• Cash Register Warehouse
• CASIO Computer Co. Ltd.
• Diebold Nixdorf Inc.
• HP Inc.
• MMF POS
• M-S Cash Drawer
• NCR Corp.
• Xiamen Kasrow Industry & Trade Co. Ltd.
• Zhangjiagang Hongsheng Technology Co. Ltd.

This statistical study of the point of sale (POS) cash drawer market encompasses successful business strategies deployed by the key vendors. The point of sale (POS) cash drawer market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The point of sale (POS) cash drawer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Point Of Sale (POS) Cash Drawer Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the point of sale (POS) cash drawer market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global electrical components and equipment market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Point Of Sale (POS) Cash Drawer Market?

For more insights on the market share of various regions Request for a FREE sample now!

55% of the market's growth will originate from APAC during the forecast period.  China, Japan, and India are the key markets for point of sale cash drawers in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The growing organized retail sector will facilitate the point of sale (POS) cash drawer market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic in 2019 from China severely affected the other countries in Asia, which was exacerbated by the dense population in the region. In most countries, offices were required to close without any exemptions. Only essential services, such as emergency/healthcare, banks, and food vendors, were partially exempted from the imposed lockdowns. The retail and hospitality sectors were also adversely affected. Most countries imposed a ban or restrictions on public meetings and social gatherings. Such measures to curb the pandemic affected most businesses heavily during 2020. However, with time and improvement in the situation, businesses are returning back on track in 2021 and are expected to grow at a healthy rate during the forecast period, thereby boosting the growth of market in focus during the forecast period.

What are the Revenue-generating End User Segments in the Point Of Sale (POS) Cash Drawer Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The point of sale (POS) cash drawer market share growth in retail segment will be significant during the forecast period. The retail sector encompasses different retail formats, such as hypermarkets, specialty stores, supermarkets, gas stations, and others. Over the years, the retail industry has witnessed extraordinary momentum due to governments of several nations liberalizing their economies to trade through foreign investments, less stringent export and import policies, and the technology readiness of consumers.

This report provides an accurate prediction of the contribution of all the segments to the growth of the point of sale (POS) cash drawer market size and actionable market insights on post COVID-19 impact on each segment.

 

Point Of Sale (POS) Cash Drawer Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Decelerate at a CAGR of 5.9%
Market growth 2021-2025	$ 477.06 million
Market structure	Fragmented
YoY growth (%)	6.23
Regional analysis	APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 55%
Key consumer countries	China, US, Japan, Germany, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	APG Cash Drawer LLC., Cash Register Warehouse, CASIO Computer Co. Ltd., Diebold Nixdorf Inc., HP Inc., MMF POS, M-S Cash Drawer, NCR Corp., Xiamen Kasrow Industry & Trade Co. Ltd., and Zhangjiagang Hongsheng Technology Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Point Of Sale (POS) Cash Drawer Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive point of sale (POS) cash drawer market growth during the next five years
• Precise estimation of the point of sale (POS) cash drawer market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the point of sale (POS) cash drawer industry across APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of point of sale (POS) cash drawer market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch