PoS Accessories

PoS Accessories

Global PoS Accessories Market to Reach US$41.0 Billion by 2030

The global market for PoS Accessories estimated at US$25.8 Billion in the year 2023, is expected to reach US$41.0 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2023-2030. ECRs, one of the segments analyzed in the report, is expected to record a 8.1% CAGR and reach US$17.0 Billion by the end of the analysis period. Growth in the Barcode Scanners segment is estimated at 6.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$6.8 Billion While China is Forecast to Grow at 10.4% CAGR

The PoS Accessories market in the U.S. is estimated at US$6.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.0 Billion by the year 2030 trailing a CAGR of 10.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.3% and 6.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Global PoS Accessories Market - Key Trends and Drivers Summarized

PoS Accessories: Enhancing Retail Efficiency and Customer Experience

Point of Sale (PoS) accessories encompass a wide range of tools and devices designed to enhance the functionality and efficiency of PoS systems in retail environments. These accessories include barcode scanners, card readers, customer displays, keyboards, and cash drawers, each playing a crucial role in streamlining the checkout process and improving customer service. Barcode scanners, for instance, expedite the process of item identification and price verification, reducing the time customers spend at the checkout counter. Card readers facilitate secure and swift electronic payments, enhancing transaction security and customer convenience. Customer displays provide real-time transaction details, ensuring transparency and accuracy. Together, these accessories contribute to a seamless and efficient retail operation, boosting overall productivity and customer satisfaction.

How Are Technological Advancements Shaping PoS Accessories?

Technological advancements have significantly transformed PoS accessories, making them more sophisticated, efficient, and user-friendly. The integration of wireless technology in barcode scanners and card readers has eliminated the need for cumbersome cables, providing greater mobility and flexibility at checkout counters. Advanced barcode scanners now come equipped with imaging technology that can read a variety of barcode formats, including 2D barcodes, ensuring accurate and swift scanning. Modern card readers support multiple payment methods, including contactless payments and mobile wallets, catering to the diverse preferences of customers. Additionally, the development of ergonomic designs and touch-sensitive interfaces in PoS keyboards and customer displays has enhanced ease of use and user comfort. These technological innovations have not only improved the functionality of PoS accessories but have also contributed to a more efficient and pleasant shopping experience for customers.

What Are the Key Applications and Benefits of PoS Accessories?

PoS accessories are indispensable in various retail settings, from supermarkets and department stores to small boutiques and restaurants. In supermarkets, barcode scanners and cash drawers streamline high-volume transactions, ensuring quick and accurate checkouts. In restaurants, handheld PoS devices equipped with card readers and customer displays enable tableside ordering and payment, enhancing the dining experience. Specialty stores use advanced PoS keyboards and customer displays to provide detailed product information and personalized service, boosting customer engagement. The versatility and adaptability of PoS accessories make them valuable tools for improving operational efficiency, reducing transaction times, and enhancing customer satisfaction. Moreover, these accessories support inventory management and sales tracking, providing retailers with valuable insights into consumer behavior and sales trends, which can inform strategic decisions and optimize business operations.

What Factors Are Driving the Growth in the PoS Accessories Market?

The growth in the PoS accessories market is driven by several factors. The increasing adoption of advanced PoS systems in the retail and hospitality sectors is a significant driver, boosting the demand for complementary accessories that enhance system functionality and performance. Technological advancements that improve the efficiency, accuracy, and user-friendliness of PoS accessories are also propelling market growth. The rising trend of contactless payments and mobile wallets is driving the demand for advanced card readers and secure payment solutions. Additionally, the growing focus on enhancing customer experience and operational efficiency is encouraging retailers to invest in high-quality PoS accessories. The expansion of the e-commerce sector and the integration of online and offline retail channels are further contributing to market growth, as retailers seek to create seamless and consistent customer experiences across all touchpoints. These factors, coupled with the increasing availability of innovative and affordable PoS accessories, are driving the sustained growth of the PoS accessories market.

Select Competitors (Total 42 Featured) -

• 3M Company
• Bixolon Co., Ltd.
• Bluebird Inc.
• Boca Systems, Inc.
• Casio Computer Co., Ltd.
• CipherlAB Co., Ltd.
• Citaq Co. Ltd.
• Citizen Systems Japan Co., Ltd.
• CognitiveTPG
• Custom SpA
• Datalogic SpA
• Dell Technologies
• Diebold Nixdorf, Inc.
• Elo Touch Solutions, Inc.
• Epson America Inc.
• Eurotech SpA
• Forbes Technosys Ltd.
• Fujitsu Ltd.
• Generalscan Electronics Co., Ltd.
• Guangzhou Zonerich Business Machine Co., Ltd.
• Handheld Group AB
• Hewlett-Packard Development Company LP
• Honeywell International, Inc.
• Innolux Corporation
• Juniper Systems Inc.
• M/s Pulsar Technologies (I) Pvt., Ltd.
• NCR Corporation
• Olivetti SpA
• Opticon Sensors Europe B.V.
• Panasonic Corporation
• Pertech Industries, Inc.
• Posiflex Technologies, Inc.
• POS-X, LLC.
• RIOTEC Co., Ltd.
• Samsung Electronics Co., Ltd.
• Seiko Epson Corporation
• Sharp Corporation
• Shin Hueng Precision Co., Ltd.
• Star Micronics Co., Ltd.
• Toshiba Corporation
• TouchStar Technologies Ltd.
• Woosim Systems Inc.
• Xiamen Rongta Technology Co., Ltd.
• ZEBEX Industries Inc.
• Zebra Technologies Corporation

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