Global POS Receipt Printer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global POS Receipt Printer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

POS Receipt Printer are used in points of sales for the printing of receipts, which are usually found in supermarkets, shops, restaurants, hotels, etc. in which speed and reliability are necessary at all times.

Market Overview:

The latest research study on the global POS Receipt Printer market finds that the global POS Receipt Printer market reached a value of USD 2718.46 million in 2022. It’s expected that the market will achieve USD 3849.28 million by 2028, exhibiting a CAGR of 5.97% during the forecast period.

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.

For the POS Receipt Printer industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

The increase of downstream industry demand

With the continuous emphasis on social distance, it may become a trend to purchase goods in-store or on the roadside online in the foreseeable future. This migration to online business requires a reliable and flexible POS solution, so that customers can quickly pay for goods and leave. POS Receipt Printer is an ideal solution for enterprises of all sizes, from small specialty stores, delicatessens, bars and fine restaurants to hotels, retail and restaurant chains and large department stores. The increase of downstream industry demand will promote the development of POS Receipt Printer industry.

The innovative activities of major players in the industry

Many large-scale POS Receipt Printer companies are constantly looking for new development models. E.g., As merchants are adapting to an ever-evolving industry with online ordering and ecommerce expanding in retail and hospitality, Epson, a market leader of POS printing solutions, announced the fastest POS receipt printer in the industry-the OmniLink® TM-T88VII. The OmniLink TM-T88VII offers lightning-fast print speeds and flexible connectivity between multiple devices to help merchants – particularly in high-volume industries such as hospitality, retail and grocery – deliver the best customer experience in virtually every environment. The innovative activities of major players in the industry will also bring new development opportunities to the POS Receipt Printer industry, which is one of the positive signs of global market growth.

Competition in the industry is fierce

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The POS Receipt Printer industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Region Overview:

In 2022, the share of the POS Receipt Printer market in North America stood at 35.7%.

Company Overview:

Epson is one of the major players operating in the POS Receipt Printer market, holding a share of 22.1% in 2023.

Epson

Epson Corporation, often referred to as Epson, is a Japanese electronics company and one of the world's largest manufacturers of computer printers, information and imaging related equipment. The company mainly produces inkjet printers, laser printers, dot matrix printers, scanners and watches, desktop computers, business and home projectors, large-scale home theater TVs, robots, and industrial automation equipment, POS invoice printers and cash registers, notes Type computers, integrated circuits, LCD components and other related electronic equipment. The company is headquartered in Nagano Prefecture, Japan, and has many branches all over the world. It is one of the three core companies of Seiko Group.

Star Micronics

Star Micronics Co., Ltd. is a Japanese multinational electronic components and printer manufacturing company headquartered in Shizuoka, Japan. It was founded in 1947 as a precision processor of miniature components, later expanding into automatic lathes, printers, micro audio components, and other fields.

Segmentation Overview:

By type, Desktop Receipt Printer segment accounted for the largest share of market in 2022.

Desktop Receipt Printer

Desktop Receipt Printer is larger in size and heavier than Mobile Receipt Printer, and is mainly used in Warehouse/Distribution field.

Mobile Receipt Printer

Mobile Receipt Printer can print anytime and anywhere, and is mainly used in hotels and retail field.

Application Overview:

By application, the Desktop Receipt Printer segment occupied the biggest share from 2018 to 2022.

Key Companies in the global POS Receipt Printer market covered in Chapter 3:

Transact Technologies, Inc.
NCR
Toshiba
BIXOLON
HP
CognitiveTPG
Posiflex Technology, Inc.
TVS Electronics
Epson
Star Micronics
Zebra Technologies
SNBC
Rongta
Citizen Systems Europe GmbH

In Chapter 4 and Chapter 14.2, on the basis of types, the POS Receipt Printer market from 2018 to 2029 is primarily split into:

Desktop Receipt Printer
Mobile Receipt Printer

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the POS Receipt Printer market from 2018 to 2029 covers:

Hospitality
Healthcare
Retail
Warehouse / Distribution
Entertainment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)