Kiosk Printer Market Size, Share, Growth and Industry Analysis, By Type (Receipt Printers, Ticket Printers, Journal Printers and Others), By Application (Banking, Transportation, Retail, Hospitals, Restaurant, Hotel and Others), Regional Insights, and Forecast To 2031

Kiosk Printer Market Report Overview

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The global kiosk printer market size is expected to be USD 2496.3 million in 2022 and is projected to touch USD 3646.24 million by 2031, at a CAGR of 4.3% during the forecast period.

In order to print a receipt, voucher, or invoice for a specific transaction or purchase made by a customer, a printer is a device or system. Kiosk can be standalone or connected to other vending machines and kiosks of different kinds. In order to simplify connectivity, these printers are sometimes connected to billing systems. In the beginning, the kiosk printer market grew steadily. Since more people are becoming aware of cutting-edge technology, the market has been expanding rapidly. Automatic teller machines also employ kiosk printer (ATMs). These are currently used in a variety of settings, including dining establishments, shops, hospitals, and train stations. With the help of kiosk printer, a company can handle its functioning more efficiently with decreased expenditures.

COVID-19 Impact: The Market Faced Various Restrictions because of the Limitations Imposed to Curb the Spread of the Virus

The global COVID-19 pandemic has been unprecedented and staggering; with the kiosk printer market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

In 2020, the COVID-19 epidemic and the efforts taken to stop it from spreading had a substantial influence on the kiosk printer industry. Governments everywhere have imposed a variety of restrictions on commercial and personal activity in an effort to lessen the spread of COVID-19. These measures include business closures or operational restrictions, travel bans, and other measures to encourage or enforce physical separation. Companies have experienced and continue to experience varied degrees of interruption and decreased demand for equipment as a result of the peculiar circumstances surrounding the COVID-19 epidemic. Due to the shutdown and halt in production, the import and export market was fully blocked, which resulted in little or no sales of the kiosk printer.

LATEST TRENDS

"Development of new Kiosk Printer Utilized in Airports to Avoid the Spread of the Virus and make the Whole Check-in Process Faster"

To safeguard consumers and also save time as a result of the virus's spread, the key players developed creative kiosk printer solutions. One such printer can be found in airports, where self-service kiosks with integrated scanners, scales for luggage drops, printers, and, if necessary, contactless payment devices can handle the check-in phase of travel on their own. Printing the appropriate boarding permits and baggage tags is as simple as scanning a barcode. Using the same kiosk, customers can add luggage, change seats, and upgrade their ticket thanks to an additional payment method. Touchscreens with antimicrobial screen protectors and hand sanitizer dispensers fitted for this purpose, as well as touch less mobile apps, are both options.

Kiosk Printer Market Segmentation

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• By Type

Based on type, the market is distributed into Receipt Printers, Ticket Printers, Journal Printers and Others

• By Application

Based on application, the market is divided into Banking, Transportation, Retail, Hospitals, Restaurant, Hotel, and Others

DRIVING FACTORS

"Increase in Requirement for Decreasing Labor Costs to Fuel the Growth of the Market"

It has been noted that in such a competitive atmosphere, the corporations' demands for increasing income and decreasing costs have increased. Kiosk use of technology and systems has helped businesses and outlets to boost productivity. The cost of labor to manually create the receipts and vouchers has been eliminated by kiosk. Additionally, they have provided the feedback option so that a business can learn what its customers actually need. Additionally, they have assisted firms in raising sales and lowering expenditures. These benefits are fueling the expansion of the kiosk printer market growth.

"Rapid Adoption of IoT will Tremendously Increase the Demand for these Printers"

Globally, internet of things (IoT) platform adoption has rapidly expanded. Kiosk printer use has been helped by the increase in demand for advanced devices and a solid connection infrastructure. The use of sophisticated systems and smart gadgets is being prioritized by governments worldwide. Since the past few years, the market of printer has been continuously growing. However, because IoT is becoming more widely used, it is predicted that the demand for kiosk will increase tremendously in the near future.

RESTRAINING FACTORS

"Threats of Breach of Security and Cyber Attacks to Restrict the Growth of the Printer Market"

The possibility of breach of security and cyber-attacks in kiosk has increased as a result of technological improvements. Customers' personal information, including names, payment information, and phone numbers, may be compromised, which could result in a loss of revenue. The problem of cyber-attacks is being addressed by developers through the adoption of safeguards. Data breaches by hackers still carry significant risks, though. The use of the printer will probably be discouraged as a result.

Kiosk Printer Market Regional Insights

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"North America to Lead the Market due to the Region’s Rapid Rise in Sales and Manufacturing of the Printers."

North America holds the biggest kiosk printer market share globally throughout the predicted period. Due to a fast rise in kiosk sales and manufacturing, North America presently controls the market. A further factor in this region's market growth is the initial acceptance of point sales for high-quality customer service. Additionally, the growing need for mobile point-of-sale (mPOS) systems, the abundance of technical advancements, and the expanding popularity of self-checkout kiosks to speed up transaction times are all contributing to the market expansion in the region.

KEY INDUSTRY PLAYERS

"Adoption of Various Growth Strategies to Strengthen their Market Position"

The key players are currently concentrating on implementing tactics like product innovations, new advancements, acquisitions and mergers collaborations, partnerships, and joint ventures in order to strengthen their industry position in the worldwide marketplace for kiosk printer. In addition to these techniques, they are using organic and inorganic growth strategies to promote their goods, attract a bigger audience, access hard-to-reach geographic areas, and outperform rival businesses.

LIST OF TOP KIOSK PRINTER COMPANIES

• Star Micronics (Japan)
• Hengstler GmbH (Germany)
• Microcom Corporation (U.S.)
• Bematech (Brazil)
• Epson (Japan)
• Boca Systems (U.S.)
• Custom Group (Italy)
• Nippon Primex (Japan)
• Zebra Technologies (U.S.)
• FUJITSU (Japan)
• Pyramid Technologies (India)

REPORT COVERAGE

This report covers the kiosk printer market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2028. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.