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Point of Sale (PoS) Receipt Printer Market: Demand Witnessed in Retail and Hospitality Sectors Emerges as Key Growth Driver

Global Point of Sale (PoS) Receipt Printer Market: Snapshot 

The focus of retail and hospitality sectors is majorly on offering personalized and interactive consumer experience. As installing point of sale (PoS) receipt printers allow merchants to focus on myriad customer-centric campaigns, their demand is forecast to increase considerably in the near future. PoS receipt printers have emerged as an accurate, efficient, and effective printing solution in the recent years. Besides generating quality systems, the novel technology has helped in reducing the printing time as compared to their traditional counterpart. With growth witnessed in retail and hospitality sectors, the demand for PoS receipt printers is forecast to rise further in the coming years.

Mobility is considered indispensable in hospitality and retail sectors to expedite the counter sales process thereby increasing the number of transactions. This is a chief driver of the global PoS receipt printer market. In addition, the demand for point of sale receipt printer is anticipated to rise in associated industries such as healthcare, warehouse / distribution and entertainment. Spurred by these factors which is expected to drive the market growth. However, the rising adoption of cloud based point of sale system is threatening the point of sale receipt printer market. Considering the mounting environmental concerns, end users are more inclined towards paperless transaction. This could hinder the market’s trajectory to an extent.

According to Transparency Market Research (TMR), the global point of sale receipt printer market is forecast to exhibit a CAGR of 7.7% between 2017 and 2025. At this pace the market will reach US$4.2 bn by the end of 2025 from a valuation of US$2.08 bn in 2015.

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Mobile Receipt Printer Segment to Exhibit Growth at Higher Pace

Based on type, the global point of sale receipt printer market can be bifurcated into mobile receipt printer and desktop receipt printer. Of these, the desktop receipt printer segment emerged dominant in 2015. This segment includes various alternatives to support any PoS receipt printer enabling jam detection, high quality printed copy, and increased printing speeds. However, the uptake of mobile receipt printers is forecast to be higher in the coming years. Birthing of advanced technologies offering ease of use will boost the demand for mobile receipt printers in the coming years. According to TMR, the mobile receipt printer segment will exhibit a CAGR of 9.2% between 2017 and 2025.  

 
Asia Pacific will Offer Lucrative Opportunities for PoS Receipt Printer Market

Regionally, North America held the leading share in the global PoS receipt printer market in 2015. The region is expected to continue dominating the overall landscape on account of the rising demand for developed nations such as the U.S. and Canada. The presence of a large number of the retail giants such as The Home Depot, Wal-Mart Stores, Walgreen, The Kroger Co, Costco, Target, and others will aid expansion of the regional market.

However, booming economies and improved living standard of consumers will bolster opportunities for the market players in Asia Pacific at a higher rate. The demand for PoS receipt printers will be high especially in countries such as India and China. Besides the presence of large multinational retail and food chain brands, these countries feature expanding hospitality sector, which is aiding the growth of the PoS receipt printer market in Asia Pacific. As per TMR, the Asia Pacific PoS receipt printer market will reach over US$1.02 bn by the end of 2025.
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