POS Printers Market Size, Share, Growth, and Industry Analysis by Type (Desktop Printer and Mobile Printer), By Application (Retail, Hospitality, Healthcare, Entertainment, and Others) Regional Forecast to 2028

Updated On: 13 March 2023

REPORT OVERVIEW

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The global POS printers market size is expected to be USD 3126.5 million in 2022. The POS printer market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to reach USD 4485.4 million in 2028, exhibiting a CAGR of 6.2% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A receipt printer is an essential component of a point of sale system since it prints customer receipts and credit card slips for usage in retail settings. Point-of-sale printers, to put it simply, are frequently used to print out the records of transactions, including tickets and sales receipts. In the restaurant business, the POS printers receipt is mostly used to print orders for the kitchen or bar. In comparison to traditional receipt printers, the POS printers are essential for cutting down on printing time and producing high-quality receipts. There are many different kinds of printers utilized, including inkjet, dot-matrix, thermal, and more. In addition to restaurants, POS printers are used in the warehouse/distribution, healthcare, retail, entertainment, and hospitality sectors

COVID-19 Impact: Lockdown Restrictions to Impede Market Progress

For many POS printers, especially those producing commercial print, the declining demand in 2020 has been particularly difficult. Government support continues to be crucial to the survival of many such businesses, particularly SMEs, which account for 95% of our sector. Such problems won't go away, at least not until lockdowns subside and economies resume. Positively, despite a sharp decline at the start of the crisis, the book market has recovered, with children's books and periodicals continuing to be well-liked and comic books, for instance, reaching an all-time high. As consumers spend more time at home, direct mail has also become more effective.

LATEST TRENDS

"Increasing Demand from Various Sector to Foster Market Growth"

Mobility technology is becoming more widely used by consumers in the retail and hospitality industries to increase the customer experience and the efficiency of POS printers for billing and other related tasks. Due to the higher cost and immobility of traditional POS printers, the usage of mobile receipt printers in retail and restaurant applications can help to achieve considerable cost reductions. Additionally, the mobility feature streamlines the checkout procedure by allowing consumers to finish transactions without waiting in line at the counter. Additionally, quicker checkout procedures contribute to an increase in transaction volumes for both retail and hospitality applications. Therefore, during the anticipated period, these variables are anticipated to fuel POS printers market growth.

SEGMENTATION

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• By Type

Based on type; the market is divided into Desktop Printer and Mobile Printer.

• By Application

Based on the application; the market is divided into Retail, Hospitality, Healthcare, Entertainment, and Others.

DRIVING FACTORS

"Increasing Demand from Retail Sector to Foster Market Growth"

A key driver influencing the growth of the global POS printers market will continue to be the high adoption rates among retailers and wholesalers in the coming years. The need for printers, which are the favored option for this purpose, is expected to increase as wholesalers and retailers need to print invoices, receipts, tags, barcodes, and other critical information.

Since POS printers outperformed their competitors, they are likely to continue to be a top choice for retailers and other end users around the world. The market for thermal receipt printers will continue to rise as a result of strong demand from the logistics and packaging industries.

"Rising Urbanization to Promote Growth"

The main driver of this industry is rapid urbanization, particularly in developing economies. The adoption of POS printers in numerous end-use sectors can be attributed to their quick and convenient delivery. Additionally, greater portability and a lower cost of operation have increased its popularity and thus accelerated market growth. The market expansion for POS printers has also been fueled by general growth seen in related POS systems like display POS systems and tablet POS. The adoption of POS printers in the retail business has been significantly influenced by rising urbanization and rising financial investments in the retail sector.

RESTRAINING FACTORS

"Side Effects to Hamper Market Growth"

A limited quantity of BPA, phenol-based reactants, or heat-responsive diphenyl sulfones are present in the direct thermal POS printer’s layers, which result in an image on the paper. The paper used in thermal point-of-sale printers contains the chemical bisphenol A (BPA), which raises health hazards for consumers.

REGIONAL INSIGHTS

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"North America to Dominate Market Owing to New Product Development   "

North America holds the largest part of the global POS printers market share. This is mostly because POS systems were implemented early on to provide top-notch customer service. On the other hand, compared to the other regional markets, the Asia Pacific region is expected to experience somewhat stronger growth. Urbanization trends in nations like China and India will be crucial to the growth of the regional industry.

Another important region that is anticipated to experience quick adoption of POS printers and consequently grow at a good clip is Asia Pacific. The hospitality industry in the area is probably going to contribute significantly to the market. It is anticipated that China and India will generate the most money in the region.

KEY INDUSTRY PLAYERS

"Market Players to Boost Market Growth"

The report delivers information about the list of infrared heaters market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Epson (Japan)
• SNBC (China)
• Star Micronics (Japan)
• HP (U.S.)
• NCR (U.S.)
• Custom SPA (Italy)
• Zebra (U.S.)
• Oki Data America (U.S.)
• Citizen System (Germany)
• Bixolom (South Korea)
• Pertech Industries (France)
• TransAct (U.S.)
• SEWOO (South Korea)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.