Point of Sales (PoS) Printers Market Report

Many emerging economies are experiencing the boom in retail, food and beverages, travel and logistics and entertainment sectors as the middle class expands and consumer spending increases which gives rise to organized sectors, including supermarket, marts, restaurants, hotels and bars, hypermarkets and speciality stores, that increase the demand for PoS systems, including receipt printers, to streamline transaction and enhance customer experience. Emerging economies are also home to large number of MSMEs that are recognizing the benefits of adopting PoS systems to improve operational efficiency, inventory management and sales tracking. Moreover, as people want fast and efficient services, mobile point of sales system is set to create opportunities for PoS printer manufacturers. In addition, with the increasing use of printers and harmful effects of BPA in it, the industry is open to new innovations for safer choices.

The increasing use of cloud-based point of sale systems is anticipated to limit the growth of the worldwide point of sale printer market in the coming time frame. Consumers are likely to choose electronic receipts over paper receipts because of their convenience, time-saving aspect, informative nature, security, and accessibility through smart devices from any location. This factor is expected to hinder the point of sale printer sales, thereby restricting the growth of the worldwide point of sale printer market in the future. Moreover, the PoS printers have a low amount of bisphenol (BPA), which increases health risks for users. This presents a potential danger of health risks for the cashiers who are employees. Many emerging nations are implementing restrictions on BPA, which is expected to hinder the growth of the point of sale (PoS) printer market. For instance, in April 2023, EFSA, an advisory body for European Union decision makers, released a scientific opinion stating that the tolerable daily intake (TDI) of BPA has decreased significantly in the past decade, posing a major public health concern.

Many big companies are investing in their research and development to bring forth the innovative products trying to upgrade their portfolio that can help them gain the upper hand in the market. They focus on developing novel POS receipt printers with improved features like high performance, connectivity and eco-friendliness. For instance, in January 2023, Epson announced 4 thermal printers to cater the demand of aesthetically pleasing and reliable PoS printer to withstand low- and high-volume environments that deliver enhanced connectivity and reliable performance in a compact enclosure. Similarly, in June 2024, the same company announced the fastest multifunction hybrid POS receipt printer in the industry, the OmniLink TM-H6000VI that is designed to support retailers, grocers and financial institutions as they adapt to new payment trends, while still needing to support existing point of sale transaction methods offering lightning-fast print speeds, accurate check processing and engineering for reliability for demanding high-volume businesses that want to enhance the overall transaction experience for their customers. Moreover, in June 2023, BIXOLON, global manufacturer of PoS systems, announced the launch of next generation of receipt printers that have better connectivity and increased printing speed. Similarly, in September 2022, Star Micronics, announced launch of combined printer and cash drawer solution, ‘mPOPCI’, which is compatible with android, Windows and iOS devices.

At present, North America is anticipated to dominate the point of sale (PoS) printer market due to high preference for cashless transactional solutions, rise in retail sector, high adoption of mobile PoS systems and rise in demand for customer experience enhancement. The restaurant sub-segment is projected to contribute a major share to this market, owing to the ease and flexibility of point of sale (PoS) printers. The customers and restaurant owners highly benefitted due to faster processing of transaction bills and are boosting the sales for point of sale (PoS) printers. Similarly, the expansion of interconnected markets like NFC and wireless connectivity is enabling point of sale receipt printer manufacturers to enhance their foothold in the United States.

The Asia-Pacific region is also a significant market for PoS printers because of the fast expansion of e-commerce, increased use of mobile POS systems in various industries, the growing preference for cloud-based POS systems, and the rising need for top-notch receipts. The increasing popularity of e-commerce and omnichannel retail in the area is driving a strong need for receipt printers that can be linked to both online and offline sales platforms. E-commerce vendors utilize POS receipt printers for printing order confirmations and shipping labels. The increasing need for these sophisticated PoS printers is expected to boost the PoS printer market in the Asia-Pacific region.