The global sales of point of sale printers is estimated to be worth USD 14,322.2 million in 2024 and anticipated to reach a value of USD 49,485.0 million by 2034. Sales are projected to rise at a CAGR of 13.2% over the forecast period between 2024 and 2034. The revenue generated by point of sale printers in 2023 was USD 12,652.1 million. The application is anticipated to exhibit a Y-o-Y growth of 12.8% in 2024.
POS printers are used for printing receipts, invoices, and other supporting documents in relation to transactions within retail & service environments. The printers are connected with a point of sale system that handles all sales transactions.
PoS printers speed and efficiency in processing of transactions is supporting industry terns. Quick printing of receipts enhances customer service since waiting times are quite minimal when making a purchase. These makes the checkout process smoother, faster, and hence much more efficient.
This is mainly relevant in high-traffic settings such as retail stores, restaurants, and supermarkets. Another benefit is reliability; the PoS printer is built to handle large numbers of transactions without frequent, ongoing downtime or errors. Moreover, PoS printers can offer print support for a logo, a barcode, or a QR code, which adds to the professional look and functionality of the receipt, driving point of sale printers’ market growth.
This can further improve brand visibility while making the return process and loyalty programs more efficient. Their ability to be integrated with many different PoS systems and cash drawers supports their flexible application to any retail setting. PoS printers are critical equipment for increasing efficiency and effectiveness at work, high customer satisfaction, and improving business management.
Global Point of Sale Printers Application Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 12,652.1 million |
| Estimated Size, 2024 | USD 14,322.2 million |
| Projected Size, 2034 | USD 49,485.0 million |
| Value-based CAGR (2024 to 2034) | 12.9% |
Mobile PoS systems emerge to significantly change the way in which commercial transactions are handled. These systems allow for portable, wireless utilisation of a PoS printer that is integrated with a mobile device, such as a smartphone or tablet.
Therefore, mobile devices offer a more notable level of flexibility than conventional setups involving a PoS. Several sectors, which include retail and hospitality with an inherent requirement for speedy and efficient service, are particularly affected by this trend. mPoS systems enable to receive payments directly from customer since they are not tied up with a fixed check-out counter.
The portability of mPoS systems also makes them particularly suitable for businesses operating in dynamic environments, such as pop-up shops, food trucks, and outdoor events, in which a traditional stationary system is not practical. Wireless PoS printers allow a business to print receipts in any location, thus smooth and efficient transaction handling is undertaken in any setting.
Integration with mobile devices further enhances the functionality of mPoS systems. Through these printers attached to tablets or smartphones, users are able to manage sales data management, customer information, and inventory in one place hence streamlining business operations. This level of integration also supports the trend going on with contactless payments, meaning digital wallets as well as all forms of modern payment methods can be processed quickly.
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The below table presents the expected CAGR for the global point of sale printers market over several semi-annual periods spanning from 2024 to 2034. This assessment outlines changes in the point of sale printers application and identify revenue trends, offering key decision makers an understanding about market performance throughout the year.
H1 represents first half of the year from January to June, H2 spans from July to December, which is the second half. In the first half (H1) of the year from 2023 to 2033, the business is predicted to surge at a CAGR of 12.5%, followed by a higher growth rate of 13.4% in the second half (H2) of the same decade.
| Particular | Value CAGR |
|---|---|
| H1, 2023 | 12.5% (2023 to 2033) |
| H2, 2023 | 13.4% (2023 to 2033) |
| H1, 2024 | 12.7% (2024 to 2034) |
| H2, 2024 | 13.7% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to increase slightly to 12.7% in the first half and remain higher at 13.7% in the second half. In the first half (H1) the market witnessed an increase of 20 BPS and in the second half (H2), also the market witnessed an increase of 30 BPS.
Shifting Focus toward Eco-friendly Printing is an Emerging Trend
Eco-friendly printing is increasingly becoming prevalent as corporate businesses aim to minimize environmental effects and decrease cost-cutting operations. As far as the point of sale printers are concerned, the companies choose more resource and energy-saving sustainable models that prevent much waste.
These PoS printers are mostly environmentally friendly such as thermal printing technology, and thus there is no use of ink or toner, which will lessen the usage of material and decrease more material waste compared to other conventional methods. Also, the power consumption is also lower in thermal printers not required any charged paper, as they print images by the help of heat on special thermal paper.
Most of the new POS devices are designed to print relatively compressed receipts with the use of the most advanced software that minimizes the amount of paper used without having to compromise the quality of the printed information.
Some devices also print double-faced, which consumes lesser amounts of paper since it allows the writing of information on both sides of the receipt. Most of these innovations not only work toward helping to ensure sustainability but also help businesses trim down on the costs that may be incurred from paper supplies, driving the point of sale printers market growth.
Tightening environmental regulations, in conjunction with an increased conscious awareness of the environment among consumers, forces businesses to adapt and implement greener practices. Using energy-efficient point of sale printers puts companies in line with their sustainability goals that enhance brand reputation, reduce carbon emissions and waste.
Considerable Growth in Retail and Hospitality Industry is Boosting the Market Growth
The retail chains, restaurants, cafes, and other hospitality firms are expanding notably across the globe. This accelerate the need for fast and reliable transactions is important. These businesses handles processing of high volumes of sales transactions. This means that point of sale printers are needed to process those colossal data volumes at notable business pace with smooth functioning.
Further, the PoS printers are much needed in the retail sector as they print receipts, invoices, and barcodes rather quickly and accurately to enhance the process of check-in at the point of sales.
So, the physical stores also alter their approaches these days to evolve into omnichannel strategies, where online and offline sales need to be driven seamlessly together. Therefore, this cross-matching ecosystem of blending tangible proof of purchase and inventory tracking, etc., makes the PoS printer a very crucial device in this scenario.
Moreover in hospitality, especially in restaurants and cafes, PoS printers print orders, receipts, and kitchen tickets immediately for effective communication from the front house to the back house.
Customer satisfaction is heavily dependent on the speed and reliability of the printers as they will reduce wait time and help in getting orders sorted out quickly. As restaurants increasingly adopt contactless payment systems and mobile ordering, the PoS printers too are evolving to support these newer technologies like wireless and mobile connectivity.
Increasing E-commerce Businesses s is creating Positive Outlook for Point of Sale Printers Market
An integration of e-commerce into point of sale printers is a big advantage for the business, through which they can efficiently manage their store in both online and offline channels. Most of the businesses today have physical stores along with an e-commerce website, in today's omnichannel retail environment. Thus, PoS printers with e-commerce integration help the smooth transaction management across the channel by synchronizing sales, inventory, and receipts in real time.
When a customer makes a purchase online, these integrated PoS printers can process receipts and generate physical copies, even at in-store pick-up locations. This capability guarantees a seamless client experience by offering consistent service whether the purchase is done online or offline. This interface is especially useful for businesses who offer buy-online-pick-up-in-store (BOPIS) services since it enables for accurate tracking of sales data, ensuring inventory levels are updated across both platforms.
Moreover, connecting PoS printers to e-commerce will enable operational activity with centralized customer databases and a history of purchases. These can be used to offer individualized receipts with promotions, discounts, or loyalty points connected with both online and in-store purchase behavior on the part of the customer. This in turn increases customer engagement and repeat business.
Rise of Digital Wallets and Paperless Transactions is expected to Restrict Point of Sale Printers Market Growth
The emergence of digital wallets and paperless transaction modes are altering how things are perceived in regard to methods of payment. With digital wallets such as Apple Pay, Google Pay, and Samsung Pay, clients could transact from their personal smartphones without having to use either cash or credit cards. As the popularity of such payment modes continues to grow, preference for printed receipts may be impacted.
Many customers are now preferring the facility of receiving digital receipts through e-mail or SMS, easily stored and retrieved on mobile devices. Demand for less paper-based transactions is essentially based on convenience, environmental concerns, and the increasing trend of digital transformation in most industries.
Digital receipts can also cut costs from paper, ink, and maintenance of printers. Businesses can also collect data for marketing and loyalty programs through digital receipt records, enabling them to analyze these customers' behavior. They are also in the right direction toward sustainability because it helps reduce waste and other effects of the environment, restricting the point of sale printers’ market growth.
Principal Consultant
The global point of sale printers market recorded a CAGR of 12.3% during the historical period between 2019 and 2023. The growth of point of sale printers application was positive as it reached a value of USD 12,652.1 million in 2023 from USD 7,705.1 million in 2019.
In 2019, market driven by the growth of retail, hospitality, & e-commerce sectors, as well as the increasing adoption of progressive payment systems. PoS printers were important in improving operational competence & customer experience through faster, more consistent receipt printing and transaction documentation.
The COVID-19 pandemic made an huge impact on industry growth. While some industries, such as hospitality, experienced declines owing to lockdowns & lower foot traffic, others, such as grocery stores, pharmacies, & e-commerce, grew.
The pandemic augmented digital revolution, with many businesses accepting PoS systems to allow contactless payments and simplify operations. Thermal PoS printers, known for their rapidity and dependability, became a favored choice during this time, supporting high-volume transactions in important businesses.
Post pandemic, retailers and restaurants focused on developing their PoS infrastructure to meet the growing demand for contactless and mobile payments. The rise of mobile PoS (mPoS) systems, which allow for portable, wireless receipt printing, gained traction during these years, mainly in the restaurant & hospitality sectors, where flexibility was essential.
Tier 1 companies contains market leaders capturing major market share of 55% to 60% in global point of sale printers market. These companies have strong R&D capabilities and a diverse product portfolio. They give complete solutions to large businesses and multinational corporations. Prominent companies within tier 1 include Epson, Star Micronics, Bixolon, Zebra, and Citizen.
Tier 2 companies are well-established vendors and holds respectable market share. These are offer diverse printer types but may not have the same extensive reach or breadth as Tier 1 companies. They typically provide specialized features or application-specific printer types that address particular needs within the trade management space. Key companies in tier 2 include Brother, Dymo, Rugtek, TSC, and TVS.
Tier 3 companies are smaller, regional, or local companies with limited market presence. They often provide more affordable PoS printer options and cater to small businesses or emerging markets. However, they remain competitive by offering budget-friendly solutions and personalized customer service.
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The section below covers the application analysis for the point of sale printers market for different countries. Market demand analysis on key countries in several regions of the globe, including the USA, UK, China, India, and Brazil is provided. SA is anticipated to remain at the forefront in North America, with a value share of 70.2% through 2034. In East Asia Pacific, South Korea is projected to witness a CAGR of 12.4% by 2034.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| USA | 13.4% |
| Germany | 11.8% |
| China | 14.0% |
| India | 14.3% |
| UK | 12.1% |
North America, spearheaded by the USA which currently holds around 74.2% share of the North America point of sale printers application. USA market is anticipated to grow at a CAGR of 13.4% throughout the forecast period.
The market in USA is growing at a rapid pace, owing to the adoption of advanced retail technologies and the need for efficient transaction solutions. Further, growth of e-commerce accelerates the shift of the retail sector toward digitalization, propels the integration of PoS systems which include reliable printing solutions, and increases the demand for high-quality PoS printers, as a focus for enhancing customer experience through rapid, seamless transactions.
China’s point of sale printers market is poised to exhibit a CAGR of 14.0% between 2024 and 2034. Currently, it holds the highest market share in the East Asia market, and the trend is expected to continue through 2034.
Considerable urbanization and shifting focus towards seamless transactions is supporting the growth of PoS printers market in China. As the country is witnessing increase in hospitality companies, demand for robust PoS system increases.
Various market players are adopting various business strategies to improve their brand representation in the country. For instance, in March 2024, printer company, HPRT launched their various PoS system including printers in China Retail Trade Fair (2024 CHINASHOP) at National Exhibition and Convention Center (Shanghai).
India’s point of sale printers market is anticipated to register a CAGR of 14.3% from 2024 to 2034. The country is expected to grow at a substantial pace and continue its dominance in South Asia & Pacific through 2034.
Supportive government initiatives ecommerce industry and market players focus on expanding their business operations is creating positive outlook in India. For instance, in October 2023, Android-based POS billing & inventory solution company, QueueBuster established strategic partnership with PoS system company, TVS Electronics Limited to expand its business operations in country.
The section contains information about the leading segments in the application. By printer type, the mobile printer segment is estimated to grow at a CAGR of 14.2% throughout 2034. Additionally, by application, events & entertainment segment is projected to expand at 14.3% till 2034.
| Printer Type | Desktop Printer |
|---|---|
| Value Share (2024) | 59.3% |
Desktop printer segment is expected to acquire share of 59.3% in the market in terms of printer type in 2024. Desktop printers are usually designed for effective printing than most devices. Their speed and their resolutions are higher as comparted to other PoS printers.
Hence, this kind of printing technology is better suited for high-volume retail stores. Consequently, in a business with thousands of transactions made daily, like supermarkets or restaurants, this printers play important role owing to their extensive capability.
| Application | Retail Stores |
|---|---|
| Value Share (2024) | 21.3% |
The retail stores segment is poised to capture share 21.3% in 2024. In retail settings, these printers are crucial for generating receipts, which serve not only as proof of purchase but also as vital documents for returns and exchanges. The ability to produce receipts quickly and accurately is fundamental in high-traffic environments here speed is critical to customer satisfaction.
Key players operating in the point of sale printers market are investing in advanced technologies and also entering into partnerships. Key point of sale printers providers have also been acquiring smaller players to grow their presence to further penetrate the market across multiple regions.
Recent Application Developments in Point of Sale Printers Market
In terms of printer type, the application is divided into mobile printer and desktop printer.
In terms of printing technology, the application is divided into dot matrix, inkjet, and thermal.
In terms of sales channels, the application is segregated into direct sales (manufacturer) and channel sales.
The application is classified by application as retail stores, restaurants & cafes, hotels, events & entertainment, logistics & warehousing, medical & healthcare centers, academic institutions, government and public services, and others.
Key countries of North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe, and Middle East & Africa (MEA) have been covered in the report.
The global point of sale printers application is projected to witness CAGR of 13.2% between 2024 and 2034.
The global point of sale printers application stood at USD 12,652.1 million in 2023.
The global point of sale printers application is anticipated to reach USD 49,485.0 million by 2034 end.
South Asia & Pacific is set to record the highest CAGR of 14.1% in the assessment period.
The key players operating in the global point of sale printers application include Epson, Star Micronics, Bixolon, Zebra, and Citizen.
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