POS Printer Market by Product and Geography - Forecast and Analysis 2020-2024

The POS printer market size has the potential to grow by USD 597.68 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (thermal POS printer and impact POS printer) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including BIXOLON Co. Ltd., Citizen Watch Co. Ltd., CognitiveTPG, Fujitsu Ltd., HP Inc., NCR Corp., Posiflex Technology Inc., Seiko Epson Corp., STAR MICRONICS Co. Ltd., and Toshiba Corp.

What will the POS Printer Market Size be in 2020?

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Who are the Major POS Printer Vendors?

The POS printer market is fragmented. Vendors in the market have established long-term partnerships with retailers, distributors, and POS vendors. This makes it difficult for vendors to acquire competitors? customer base. Therefore, they focus on increasing their customer base through geographical expansions. BIXOLON Co. Ltd., Citizen Watch Co. Ltd., and CognitiveTPG are some of the major market participants. Although the increasing deployment of POS terminals will offer immense growth opportunities, the increasing adoption of self-service kiosks will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this POS printer market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this POS printer market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• BIXOLON Co. Ltd.
• Citizen Watch Co. Ltd.
• CognitiveTPG
• Fujitsu Ltd.
• HP Inc.
• NCR Corp.
• Posiflex Technology Inc. 
• Seiko Epson Corp.
• STAR MICRONICS Co. Ltd.
• Toshiba Corp.

Which are the Key Markets for POS Printer?

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APAC was the largest POS printer market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rapid growth of the retail segment and the growing number of SMBs in emerging economies shifting from cash transactions toward cashless transactions through POS terminals will significantly drive POS printer market growth in this region over the forecast period.

40% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for POS printers in APAC. Market growth in this region will be faster than the growth of the market in other regions.

What are the Major Product Segments in the POS Printer Market?

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Thermal printers do not require ink or toner, which helps make up for the high initial cost leading to the reduced total cost of ownership. Thermal POS printers also have other advantages over impact printers. For instance, thermal printers have a limited number of mechanical parts owing to no messy ribbons or toners. Therefore, they offer fast, clean, quiet, and reliable operations, resulting in low maintenance costs. With the introduction of Europay, MasterCard, Visa (EMV)/contactless transactions and the growing demand for cashless transactions and shorter transaction times, the market is witnessing significant adoption of POS terminals. As thermal POS printers are sold alongside POS terminals, the increasing implementation of POS terminals across the world will drive the demand for thermal POS printers. This report provides an accurate prediction of the contribution of all the segments to the growth of the POS printer market size.

How will Deployment of POS Terminals Influence POS Printer Market Growth?

The increasing deployment of POS terminals is one of the critical factors that will drive market growth. The rapid shift of modern businesses toward cashless transactions has led to surging demand for POS printers. Several establishments including big retail chains, hotels, restaurants, and pop-up stores are implementing innovative POS terminals for improving consumer experiences. Furthermore, the growing awareness about EMV standards coupled with the increasing deployment of contactless POS terminals will further accelerate the demand for POS printers.

The rising adoption of POS printers in emerging applications, one of the key POS printers market trends, will also drive market growth during the forecast period. End-user industries including the tourism and medical sectors are shifting their focus to digital POS architecture by deploying POS terminals and printers. Most of the tourist locations are often integrated with POS solutions to cater to the preference for cashless transactions from modern tourists. Similarly, POS printers are also increasingly being adopted in the healthcare industry predominantly for receipt printing, prescription printing, and order label printing. The growing application of POS printers in several end-user industries will drive the market's growth in the forthcoming years. Such factors will drive POS printer market growth at a CAGR of over 5% during the forecast period.

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What are the Key Factors Covered in this POS Printer Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive POS printer market growth during the next five years
• Precise estimation of the POS printer market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the POS printer industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of POS printer market vendors

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