POINT OF SALE (POS) RECEIPT PRINTER MARKET ANALYSIS

Point of Sale (POS) Receipt Printer MarketSize and Trends

 Global Point of Sale (POS) Receipt Printer Market size was valued at US$ 4.91 Billion in 2022, exhibiting a Compound Annual Growth Rate (CAGR) of 9.3% from 2023 to 2030.

Global Point of Sale (POS) Receipt Printer Market - Trends

Emergence of erasable and color printing

Erasable and color printing capabilities in point of sale (POS) receipt printers offer unique features and functionalities that can cater to specific business needs and enhance customer experiences. Erasable printing, also known as thermal erasable printing, is a feature that allows the printed content on a receipt to be erased or faded over time when exposed to heat again. This capability is achieved by using specialized thermal paper that reacts to a different temperature than regular thermal paper. This provides  benefits such as reusability and environmental sustainability. Color printing in POS receipt printer allows the printing of receipts in various colors, enhancing the visual appeal, and customization options for businesses.

Mobile connectivity and contactless payments

Mobile connectivity refers to the ability of POS receipt printers to establish wireless connections with mobile devices such as smartphones and tablets. This feature allows businesses to process transactions without the need for physical connections or cables, providing greater flexibility, and convenience in various retail and hospitality settings. With mobile connectivity, receipt printers can be placed anywhere within the store or restaurant, enabling staff to serve customers directly at the table or in different areas without being tethered to a fixed POS station. For businesses operating pop-up stores or temporary events, mobile-connected receipt printers offer a quick and easy setup, enabling efficient transactions in non-traditional retail locations. For instance, according to a report published in October 2021, by UK Finance, a union of financial institutions in the region of UK, the number of contactless payments in UK has risen from 7% of all payment types to 27%. The majority of this rise in number of contactless payments has been witnessed after the COVID-19 Pandemic. This data shows the rise of contactless payments culture in the region like U.K., similar trends are visible in all the regions across the globe.     

The global point of sale (POS) receipt printer market is classified into the following segments based on end-use industry, type, technology, and region.

• On the basis of End-use Industry, global point of sale (PoS) receipt printer market is segmented into Hospitality, Healthcare, Retail, Warehouse / Distribution, Entertainment and Others.
• On the basis of Type, the global point of sale (PoS) receipt printer market is segmented into Desktop Receipt Printer and Mobile Receipt Printer.
• On the basis of Technology, the global point of sale (PoS) receipt printer market is segmented into Thermal Printer, Impact/Dot Matrix and Inkjet.
• On the basis of region, global point of sale (PoS) receipt printer market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Based on technology, the thermal printer segment in the global point of sale (POS) receipt printer market held the dominant position in 2022. The rising demand for portable thermal receipt printers across the globe especially in the developing countries like, India, Bangladesh, China, and others is leading the expansion of global point of sale (POS) receipt printer market. The thermal printers are used extensively because, thermal printers use heat to transfer images onto specially coated thermal paper, eliminating the need for ink or ribbons. Moreover, thermal printers provide several benefits such as, they can print receipts quickly, which helps improve checkout efficiency, and customer service in busy retail environments. Since quietly, they operates they can create a more pleasant customer experience in noise-sensitive settings like restaurants and hotels. Owing to all these factors, the demand for thermal printers in the global point of sale receipt printer market will continue to grow further. This would ensure that the segment enjoys a substantial dominance over other technologies in the market.       

Figure 2. Global Point of Sale (POS) Receipt Printer Market Share (%), By Technology, 2023

The Global Point of Sale (POS) Receipt Printer Marketwas valued at US$ 4.91 Billion in 2022 and is expected to reach US$ 9.9 Billion by 2030, exhibiting a CAGR of 9.3% between 2023 and 2030.