Global POS Printer Market: Market Segments: By Product Type (Thermal Printer, Impact/Dot Matrix and Inkjet); By Application (Hospitality, Retail and Other); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Product Overview
POS printers are available with market-specific specifications and have several variants. The consumption of POS printers is segmented into receipt printers, handheld receipt printers, multifunction printers, and kiosk receipt printers based on printer forms. For printing bills, tickets, and other general-purpose receipts, receipt printers are perfect solutions. Mobile receipt printers offer versatility while printing. For quick printing on the go, these printers have incorporated advanced networking services such as Wi-Fi, Bluetooth, and USB connectivity. Besides, these printers provide communication via the app platforms of Android and IOS. As the name suggests, multifunction printers are required to produce multiple receipts at demand-driven locations, such as airport validation printing and bank cheque processing. In locations such as department stores, financial organizations, and airports, these printers are used extensively. These printers help to provide better, automated, and effective distribution.
Market Highlights
Global POS Printer Market is expected to project a notable CAGR of 5.41% in 2030.
Global POS Printer Market to surpass USD 4,875.0 Mn by 2030 from USD 2,536.0 Mn in 2018 at a CAGR of 5.41% throughout the forecast period, i.e., 2019-30. Increasing deployment of POS terminals, increasing demand for POS printers, and increasing focus on optimizing product value offerings are driving the market. Furthermore, the growing deployment of POS terminals is expected to fuel market growth as well. The need for a better service delivery model and customer service has been intensified by the growth of the retail & hospitality industry, which has helped in boosting demand for such friendly solutions. Increasing financial investment in the retail sector and increasing urbanization have played an important role in promoting the adoption of POS printers in the retail sector.
Global POS Printer Market: Segments
Thermal Printer Segment to grow with the highest CAGR during 2019-30
Global POS Printer Market is segmented by Product Type as dot-matrix printers, thermal printers, laser printers, and ink-jet printers. In global (POS) printer market, the thermal, segment dominated the global market in 2019 accounting for 75.6% share in terms of value, followed by impact/dot matrix and inkjet respectively. Dot-matrix printers have small pins with an ink ribbon fixed on their heads to create a sequence of dots on paper. Such printers are the least costly and require low running costs. In terms of print quality, speed, and operation with respect to dot matrix printers, thermal printers are the most widely used and efficient printers. These printers operate between the thermal head and thermal-sensitive paper used based on the heat produced. In providing multi-colored and double-sided printing, thermal printers are efficient POS solutions. Ink-jet printers are used easily to print high-quality color logos and receipts for coupons and need ink cartridges. To produce print, these printers fire tiny ink droplets on paper.
The Retail segment to grow with the highest CAGR during 2019-30
Global POS Printer Market is segmented by application into Hospitality, retails, and others. The greater market share of XX.X% in 2018 was accounted for by the Hospitality segment in the POS Printer market. Compared to other sub-segments, the restaurant sub-segment is projected to contribute to this large share. This is because POS machines provide consumers and restaurant owners with versatility and ease by facilitating fast bill transactions, enabling improved customer throughput, and boosting sales. Moreover, in the near future, the increasing adoption of POS machines in the restaurant industry is expected to drive regional market growth. To appeal to the preference for cashless transactions of modern visitors, most tourist destinations are also integrated with POS solutions. Likewise, POS printers are also increasingly being adopted mainly for receipt printing, drug printing, and order label printing in the healthcare industry. The increasing use of POS printers in many end-user industries would thus drive the growth of the market in the coming years.
Global POS Printer Market: Market Dynamics
Drivers
Rising need for mobility in retail and hospitality applications
In order to enhance customer service and improve the performance of point of sale (POS) systems for billing and other related purposes, customers across the retail and hospitality sectors are rapidly embracing mobility technology. As traditional POS systems are more costly and do not allow mobility, the use of mobile receipt printers in both retail and restaurant applications will help to achieve substantial cost savings. In addition, the versatility function optimizes the process of checkout as it allows clients to complete transactions by skipping the line at the counter. Moreover, for both hospitality and retail applications, quicker checkout processes help to increase transaction numbers. Thus, during the forecast period, these factors are expected to drive market growth.
Emergence of erasable and color printing
Many businesses are working on creative ways to minimize paper waste, so producers have already begun to invest in new technology to manufacture innovative goods. One such technology under development is erasable printing, which can be used to minimize paper wastage by reuse. Also, color printers, currently dominated by black and white printers, are expected to gain substantial market traction.
Restrain
Health risk arising from bisphenol A (BPA) paper used in thermal POS printers
The direct thermal PoS printer layers contain a small amount of BPA, phenol-based reactants, or heat-responsive diphenyl sulfones that produce an image on paper. Bisphenol A (BPA) is a type of paper used in a thermal PoS printer that increases consumer-related health risks. U.S. according to The BPA used in thermal printers by the Food and Drug Administration (FDA) in January 2010 poses a risk of health hazards, especially for employees working as cashiers. Consequently, governments across the globe are enforcing bans on BPA, mainly in countries such as Canada, Japan, and the United States. This ban further restricts the growth of the demand for POS printers.
Global POS Printer Market: Key Players
BIXOLON Co. Ltd
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Citizen Watch Co. Ltd.
CognitiveTPG
Fujitsu Ltd.
HP Inc.
NCR Corp.
Posiflex Technology Inc.
Seiko Epson Corp.
STAR MICRONICS Co. Ltd.
Toshiba Corp.
Global POS Printer Market: Regions
Global POS Printer Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.
Global POS Printer Market in Asia Pacific and Europe held the largest market share of XX.X% in the year 2018 and is expected to witness the fastest growth in the APAC region during the forecast period. The APAC region, followed by North America, Europe, South America, and MEA respectively, led the POS printer market share in 2019. During the forecast period, due to factors such as the rapid growth of the retail segment and the increasing number of SMBs in emerging economies moving from cash transactions to cashless transactions via POS terminals, the APAC area is expected to report the highest incremental growth. Although North America and Western Europe are expected to capture top market positions in terms of thermal printer sales, research shows that APAC, MEA, and Latin America's emerging economies have substantial potential for growth to support the market in the near future.
Competitive Landscape:
The Global POS Printer market, which is highly competitive, consists of several major players such as Avery Dennison Inc., Seiko Epson Corporation hold a substantial market share in the Global POS Printer market. Other players analyzed in this report are Toshiba Tec Corporation, TSC Auto ID Technology Co., Ltd, SATO Holdings Corporation, Honeywell International Inc., TransAct Technologies Incorporated, and Domino Printing Sciences PLC among others.
Key players are adopting inorganic growth strategies such as product launches in the global nutritional supplement market. For instance, Toshiba Tec Corporation, TSC Auto ID Technology Co., Ltd, SATO Holdings Corporation, Honeywell International Inc., TransAct Technologies Incorporated, and Domino Printing Sciences PLC.
Global POS Printer Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global POS Printer Market report also contains analysis on:
Global POS Printer Market Segments:
By Type:
Thermal Printer
Impact/Dot Matrix
Inkjet
By Application:
Hospitality
Retail
Others
Global POS Printer Market Dynamics
Global POS Printer Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Contents
Executive Summary
Global POS Printers Market
Product Overview
Market Definition
Segmentation
Assumptions and Acronyms
Research Methodology
Research Objectives
Primary Research
Secondary Research
Forecast Model
Market Size Estimation
Average Pricing Analysis
Macro-Economic Indicators
Market Dynamics
Growth Drivers
Restraints
Opportunity
Trends
Correlation & Regression Analysis
Correlation Matrix
Regression Matrix
Recent Development, Policies & Regulatory Landscape
Risk Analysis
Demand Risk Analysis
Supply Risk Analysis
Global POS Printers Analysis
Porters Five Forces
Threat of New Entrants
Bargaining Power of Suppliers
Threat of Substitutes
Rivalry
PEST Analysis
Political
Economic
Social
Technological
Global POS Printers Market
Market Size & forecast, 2019A-2030F
By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Global POS Printers: Market Segmentation
By Regions
North America: By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Europe: By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Asia-Pacific: By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
MEA: By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Latin America: By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
By Product: Market Share (2020-2030F)
Thermal Printer, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Impact/Dot Matrix, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Inkjet, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
By Product: Market Share (2020-2030F)
Hospitality, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Retail, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Company Profile
BIXOLON Co. Ltd.
Company Overview
Company Total Revenue (Financials)
Market Potential
Global Presence
Key Performance Indicators
SWOT Analysis
Product Launch
Citizen Watch Co. Ltd.
CognitiveTPG
Fujitsu Ltd.
HP Inc.
NCR Corp.
Posiflex Technology Inc.
Seiko Epson Corp.
STAR MICRONICS Co. Ltd.
Toshiba Corp.
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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