The global POS receipt printers market size totaled USD 3.4 billion in 2022 and is projected to reach USD 3.9 billion by 2023. Over the forecast period, global POS receipt printer sales will likely surge at 11.3% CAGR. Total market value in 2033 is anticipated to reach USD 11.2 billion.
Mobile POS receipt printers are expected to witness a higher demand than desktop printers. This is due to the rising popularity of mobile printing technology across end-use industries, such as retail, healthcare, and hospitality.
| Attributes | Key Insights |
|---|---|
| Global POS Receipt Printers Market Value in 2022 | USD 3.4 billion |
| Estimated POS Receipt Printers Market Size (2023) | USD 3.9 billion |
| Expected Market Size (2033) | USD 11.2 billion |
| Predicted POS Receipt Printers Market CAGR (2023 to 2033) | 11.3% |
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Market to Expand 2.9X Despite a Slight Decrease in Predicted CAGR
The global POS receipt printers market is projected to expand nearly 2.9X during the assessment period despite a reduction in the estimated CAGR compared to the historical one. This is due to the rapid growth of e-commerce, growing adoption of mobile POS systems, and increasing retail sales.
Thermal POS Receipt Printers Becoming the Industry Standard
Receipt printer technology has continued to evolve, with thermal receipt printers becoming the industry standard. This is due to their high speed, superior printing quality, reliability, and low maintenance needs.
Thermal POS receipt printers are the most popular type of POS receipt printers. They are gaining immense traction, especially across the retail sector, as they serve a critical role. Apart from being a tool for printing receipts, thermal receipt printers are an integral part of the POS system.
Thermal POS printers provide fast, reliable, high-quality receipts that enhance the customer’s experience. Thermal and cloud-based printing solutions make printing faster, cost-effective, and more environmentally friendly.
Growing demand for thermal POS receipt printers due to their durability, high speed, low cost, and fast printing speed is expected to boost the global market through 2033. Similarly, advancements in thermal receipt printers will fuel their demand.
United States to Uphold its Monopoly in the POS Receipt Printers Market
The United States is expected to retain its dominance during the forecast period. This is attributable to the rapid growth of the retail sector, booming e-commerce, and rise of mobile payment methods like Google Wallet and Apple Pay.
Rising number of retailers in the United States is acting as a catalyst, triggering sales of POS receipt printers. There were about 1,045,422 retail establishments in the United States in the third quarter of 2020. This number is expected to increase further as leading United States-based retailers open new stores, creating demand for POS receipt systems.
Demand for POS receipt printers is also increasing due to rising adoption of digital payment systems and cloud-based POS systems. Besides this, the strong presence of leading POS receipt printer manufacturers is positively impacting market growth in the country.
Growing Environmental Concerns Paying Way for Eco-friendly Printing Solutions
Growing environmental concerns are prompting manufacturers and end users to shift their preferences towards eco-friendly printing solutions. Companies are responding to environmental considerations by developing eco-friendly receipt printers that use thermal printing technology, reducing the need for ribbon or ink and minimizing waste.
End users are showing inclinations towards using thermal receipt printers that do not require ink or ribbons and generate less waste. Similarly, energy-efficient POS receipt printers and those that use recyclable materials are becoming popular among environmentally conscious companies.
Point of sale (POS) receipt printers are specialized printing devices that print receipts at point-of-sale systems. These printers have become essential components of retail and hospitality environments, allowing businesses to provide customers with transaction receipts and sales records.
Thermal receipt printers, inkjet receipt printers, and dot matrix receipt printers are popular POS receipt printers. Growing adoption of these printers across several industries is expected to drive the global POS receipt printers market forward through 2033.
From retail stores and hotels to restaurants and healthcare facilities, POS receipt printers play key roles in facilitating and documenting sales transactions. They ensure efficiency, accuracy, and professionalism in the sales process while providing businesses and customers with transaction records.
The exponential growth of the retail industry worldwide is anticipated to uplift POS receipt printers market demand. This is due to the rising usage of POS receipt printers, especially mobile ones, in several applications across the retail sector.
Mobility technology is making strides in hospitality and retail by improving customer experiences and the efficiency of point-of-sale systems for billing and other tasks. End users such as retailers, restaurants, and hotels are shifting their preference towards mobile receipt printers.
Booming hospitality sector is projected to provide a strong impetus for market growth. Hotels and restaurants often use POS systems for order processing and payment handling.
Increasing need for regulation compliance is set to boost the target market further. Government regulations in several countries require businesses to provide customers with receipts. This is creating demand for printing solutions like POS receipt printers.
Growing demand for mobile point of sale devices is expected to fuel market expansion during the assessment period. As a result, a positive growth trajectory is predicted for the point of sale receipt printers industry.
The global market for receipt printers registered a CAGR of 14.5% between 2018 and 2022. For the assessment period, a CAGR of 11.3% has been predicted for the target market. However, this reduced CAGR will have little influence on the overall market valuation.
| Historical CAGR (2018 to 2022) | 14.5% |
|---|---|
| Forecast CAGR (2023 to 2033) | 11.3% |
Short-term Analysis of POS Receipt Printers Market from 2018 to 2022
Worldwide sales of POS receipts increased rapidly during the historical timeframe. This was due to the high popularity of contactless and digital payment methods and increased e-commerce sales.
The COVID-19 pandemic accelerated the adoption of digital and contactless payment methods due to their convenience and hygiene during the historical period. This, in turn, increased demand for printing solutions such as POS receipt printers.
During the pandemic, businesses had to adapt to changing customer preferences for touchless transactions. As a result, they employed POS receipt printers, such as wireless POS receipt printers, to generate receipts for contactless payments.
The exponential growth of e-commerce also positively impacted POS receipt printer sales between 2018 and 2022. E-commerce retailers use POS receipt printers to provide customers with a receipt for their purchase. The worldwide POS receipt printers market revenues totaled USD 3.4 billion in 2022.
Mid-term Analysis of POS Receipt Printers Market Forecast from 2023 to 2028
Rising demand for mobile POS printers is expected to play a key role in boosting the global POS receipt printers market during the assessment period. Similarly, the growing adoption of thermal receipt printers and booming retail & hospitality sectors will likely foster market growth.
As businesses focus on improving customer service and efficiency, they opt for printing solutions such as mobile POS printers. These printers are portable and can be used anywhere. They are becoming ideal for businesses that operate in multiple locations or that need to be able to take payments on the go.
The continued growth of e-commerce is another prominent factor expected to fuel demand for POS receipt printers. This is because these printers are a convenient and efficient way for e-commerce retailers to provide customers with a receipt for their purchase.
Long-term Analysis of POS Receipt Printers Market from 2028 to 2033
In the long duration, the worldwide POS receipt printers industry is expected to thrive rapidly. Growing need for high-speed and reliable printers, increasing popularity of cloud-based POS receipt systems, and advancements in receipt printing technologies are key factors expected to spur market growth.
Today, customers are demanding high-quality receipts that are easy to read and understand. To keep up with evolving demands, businesses seek advanced POS receipt printers with high-quality printing. This is expected to foster POS receipt printers market growth through 2033.
Businesses are also expected to invest in POS systems with enhanced security features like secure receipt printing to reduce the threat of data breaches. This will further boost the worldwide POS receipt printers industry.
Technological advancements are triggering innovation in POS receipt printers. Companies are using advanced technologies to develop high-speed printers, mobile printers, wireless printers, and printers with integrated scanners.
The growth scope of wireless connectivity and other novel technologies in the POS receipt printer industry is widening. These new technologies enable manufacturers to introduce innovative printing solutions, including Bluetooth mobile POS printers, that can be seamlessly integrated with existing POS systems.
The development of POS receipt printers that are more efficient and user-friendly is expected to boost the target market through 2033. The latest POS receipt printers market analysis estimates total revenues, with these factors, to reach USD 11.2 billion by 2033.
The table below highlights key countries’ POS receipt printers market revenue. Japan, China, and the United States are the three key markets for POS receipt printers, with expected valuations of USD 1.0 billion, USD 1.7 billion, and USD 1.9 billion, respectively, in 2033.
India, the United Kingdom, and South Korea are also expected to offer lucrative opportunities for POS receipt printer manufacturers. This is attributable to rapid expansion of the retail and hospitality sector.
| Countries | Market Value (2033) |
|---|---|
| United States | USD 1.9 billion |
| United Kingdom | USD 385.9 million |
| China | USD 1.7 billion |
| Japan | USD 1.0 billion |
| South Korea | USD 459.2 million |
Below table shows the estimated POS receipt printers market growth rates of top five countries. China, Japan, and the United States are likely to register higher CAGRs of 11.6%, 11.0%, and 10.9% respectively through 2033.
| Countries | Projected POS Receipt Printers Market CAGR (2023 to 2033) |
|---|---|
| United States | 10.9% |
| United Kingdom | 10.6% |
| China | 11.6% |
| Japan | 11.0% |
| South Korea | 10.3% |
The table below highlights the top five countries’ historical point of sale receipt printers market growth rates. With CAGRs of 14.8%, 14.3%, and 14.1%, respectively, South Korea, the United States, and China were the key markets for POS receipt printers between 2018 and 2022.
| Countries | Historical POS Receipt Printers Market CAGR (2018 to 2022) |
|---|---|
| United States | 14.3% |
| United Kingdom | 13.9% |
| China | 14.1% |
| Japan | 13.5% |
| South Korea | 14.8% |
The United States POS receipt printers market size is forecast to reach USD 1.9 billion by 2033. Over the assessment period, POS receipt printer demand in the United States will likely increase at 10.9% CAGR.
Demand for POS receipt printers in the United States is expected to rise rapidly during the forecast period. This is due to the rapid expansion of the retail sector and the high adoption of mobile POS systems.
The United States retail industry is witnessing tremendous growth due to rising consumer spending and the growing popularity of e-commerce. For instance, according to the United States Census Bureau, retail sales in the United States increased 17.1% from USD 5572.0 billion in 2020 to USD 6522.6 billion in 2021.
The retail sector is the leading end user of POS receipt printers. As the retail industry expands, demand for POS systems and POS receipt printers will also increase. This is expected to improve the United States POS receipt printers market share.
Similarly, the growth of related markets, such as the NFC market and wireless connectivity market, is creating a favorable environment for point of sale receipt printer manufacturers to strengthen their presence in the United States.
China POS receipt printers market revenue is projected to total USD 1.7 billion by 2033. Overall sales of POS receipt printers are predicted to soar at 11.6% CAGR across China during the forecast period.
Several factors are predicted to fuel POS receipt printer sales in China through 2033. These include rapid growth of the e-commerce industry and rising adoption of mobile POS systems in retail, hospitality, and healthcare industries.
Mobile POS systems are becoming highly popular in China due to their advantages. This, in turn, is expected to create a high demand for POS receipt printers.
As businesses across China modernize their operations, they require compatible receipt printers to complete their POS setups. POS receipt printers allow businesses to accept payments and print receipts on the go.
The United Kingdom remains one of the key markets for POS receipt printers across Europe. It is expected to thrive at a CAGR of 10.6% during the assessment period. Total POS receipt printers market revenue in the country is predicted to total USD 385.9 million by 2033.
Multiple factors drive POS receipt printer demand in the United Kingdom. These include the growing popularity of online and mobile payments, expansion of the hospitality sector, and surging demand for mobile point of sale devices.
Amid the rise of online and mobile payments, businesses like small retailers and restaurants are adopting POS systems capable of handling these payments and generating digital receipts. This is driving demand for versatile receipt printers in the country, and the trend is expected to continue through 2033.
Japan is projected to register a CAGR of 11.0% during the forecast period, reaching a valuation of USD 1.0 billion by 2033. Historically, POS receipt printer sales in Japan increased at around 13.5% CAGR.
Japan POS receipt printers market is projected to witness healthy growth due to several factors. These include the rising popularity of cloud-based POS systems and increasing demand for high-quality receipts.
Cloud-based POS systems are gaining immense popularity in Japan as they offer several advantages, including flexibility, scalability, and security. These systems need receipt printers to print out customer receipts, fueling demand for POS receipt printers in Japan.
South Korea is poised to exhibit a CAGR of 10.3% during the forecast period compared to the 14.8% CAGR registered from 2018 to 2022. Total market valuation in the country is predicted to reach around USD 459.2 million by 2033.
Growth in South Korea point of sale receipt printers market is driven by multiple factors. These include the growing popularity of thermal receipt printers and the rise of e-commerce and omnichannel retailing.
The rise of e-commerce and omnichannel retailing in South Korea is creating a high demand for receipt printers that could integrate with online and offline sales channels. This is expected to power up sales of POS receipt printers.’
E-commerce retailers are using POS receipt printers to print shipping labels and order confirmations. Usage of these advanced printers allows retailers to provide a seamless customer experience across all channels.
The below section highlights the thermal segment to register a steady growth in terms of technology. It is predicted to expand at 10.8% CAGR between 2023 and 2033.
The hospitality segment is expected to create high revenue generation opportunities for POS receipt printer manufacturers based on end-use. It is anticipated to thrive at a CAGR of 11.0% during the forecast period.
| Top Segment (Technology) | Thermal |
|---|---|
| Predicted CAGR (2023 to 2033) | 10.8% |
The POS receipt printers market by system is categorized into thermal and impact/dot matrix. Among these, thermal technology segment holds a prominent market share and is likely to witness robust growth through 2033.
As per the latest analysis, demand for thermal POS receipt printers is expected to rise at 10.8% CAGR through 2033 compared to the 14.2% CAGR recorded from 2018 to 2022. Growing adoption of thermal POS receipt printers across several industries is expected to drive growth of the target segment.
Thermal POS receipt printers are widely used in industries such as hospitality and retail. This is because they offer quick printing and are more effective & energy-efficient than their counterparts.
Thermal receipt printers are more versatile and offer high-quality printing for hospitality and retail applications. As a result, they are witnessing high demand from multiple industries.
Few of the commonly used thermal receipt printers by end users include the Epson TM-T88V and Star Micronics TSP143IIU. These thermal POS receipt printers are known for their speed, reliability, and high printing quality.
Rising popularity of portable thermal receipt printers across countries like China and India due to their several advantages is set to boost the target segment. Similarly, introduction of novel thermal POS receipt printers will bode well for the point of sale receipt printers industry.
Leading POS receipt printer companies continuously introduce new products to meet growing demand for thermal receipt printers. For instance, Epson America, Inc. launched the OmniLink TM-m50 POS thermal receipt printer in February 2021.
| Top Segment (End Use) | Hospitality |
|---|---|
| Projected CAGR (2023 to 2033) | 11.0% |
The POS receipt printers market by end-use is divided into healthcare, hospitality, retail, entertainment, and others. Among these, hospitality is expected to remain the leading end-use industry for POS receipt printers during the assessment period.
Historically, the hospitality segment registered a CAGR of 14.4%. For the assessment period, a CAGR of 11.0% has been predicted for the target segment. This is due to growing importance of POS receipt printers in the hospitality industry.
Point of sale (POS) receipt printers are gaining immense traction across the hospitality sector. They are integral to several operations within restaurants, hotels, bars, and other hospitality establishments.
The versatility and reliability of POS receipt printers make them a central component of any modern hospitality business. Today, every hospitality establishment needs a top point of sale (POS) system; the printer is an integral part of that system.
Restaurants, bars, hotels, and cafes use POS printers to print customer and card transaction receipts. The adoption of POS receipt printers helps these establishments improve accuracy, streamline operations, enhance customer experience, and facilitate financial & inventory management.
Increasing usage of POS receipt printers in the hospitality sector for printing customer orders, generating guest checks, and other applications is likely to boost the target segment. Subsequently, the rising popularity of Bluetooth mobile POS printers in the hospitality sector will foster market growth.
The report lists key manufacturers of POS receipt printers, including Bixolon Co., Ltd., Boca Systems, Inc., Citizen Systems Europe GmbH, CognitiveTPG, Epson America Inc., Hewlett-Packard Development Company LP, and NCR Corporation.
These leading POS receipt printer companies constantly upgrade their portfolios through new product launches. They focus on developing novel POS receipt printers with improved features like high performance and eco-friendliness. They also adopt acquisitions, partnerships, mergers, alliances, collaborations, and facility expansions to boost revenues.
Recent developments in POS Receipt Printers Market
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 3.9 billion |
| Projected Market Value (2033) | USD 11.2 billion |
| Anticipated Growth Rate (2023 to 2033) | 11.3% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion/Million, Volume (Units), and CAGR from 2023 to 2033 |
| Segments Covered | Type, Technology, End Use, and Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Companies Profiled | Bose Corporation; Bixolon Co., Ltd; Boca Systems, Inc.; Citizen Systems Europe GmbH; CognitiveTPG; Epson America Inc.; Hewlett-Packard Development Company LP; NCR Corporation |
The global market was valued at USD 3.4 billion in 2022.
The global market is forecast to reach USD 3.9 billion in 2023.
By 2033, the global market is expected to reach a valuation of USD 11.2 billion.
The global market witnessed a CAGR of 14.5% from 2018 to 2022.
The worldwide market is expected to thrive at 11.3% CAGR through 2033.
Thriving at 10.8% CAGR, thermal POS printers are likely to remain high in demand.
The United States industry is forecast to reach USD 1.9 billion by 2033.
Exhibiting 11.0% CAGR, hospital sector will likely remain a key driver for the market.
North America and East Asia are expected to lead the global market.
Bose Corporation, Bixolon Co., Ltd, and Boca Systems, Inc. are a few key players in the market.
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POS Receipt Printers Market
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