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Global POS Printer Market Growing Demand for Advanced POS Printers to Drive Market at 7.77% CAGR

Press Release   •   Feb 09, 2017 04:59 EST

MarketResearchReports.biz has recently added a research report to its repository. The report, titled “Global POS Printer Market 2016-2020,” offers an in-depth study of the global POS printer market and estimates the growth of the market in the near future. The report provides a basic overview of the market and includes classifications, definitions, applications, and industry chain structure. It analyzes the entire industry chain structure and defines the upstream and downstream components. The report studies the global POS printer market across some of the key regions and forecasts the growth of the market in each of the regions. It also profiles some of the prominent players operating in the market.

POS printers are widely used to print and encode receipts at hotel, restaurant chains, and retail stores. According to the report, the global POS printer market is estimated to expand at a CAGR of 7.77% during the period between 2016 and 2020. The report points out that the increasing usage of cards for payments will drive the growth of the market. However, rapidly growing mobile payment market is expected to restrain the overall market. The global POS printer market has a huge opportunity to grow with the increasing demand for advanced POS printers. The report further analyzes the impact of Porter’s five forces on the growth of the market.

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On the basis of product type, the report segments the global POS printer market into impact and thermal POS printers. While thermal printers use heat and a special form of coated paper to make the information appear on the receipt, impact printers use a ribbon to push ink on paper. Thermal printers demand lesser maintenance and are faster than the impact printers. The report studies the current demand for both the types of printers and projects the growth of the product segments during the forecast horizon.

The report studies the global POS printer market across some of the key regions such as EMEA, APAC, and Americas. The demand for POS printers across each of these regions has been analyzed. In 2015, the Americas dominated the overall market.

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The report profiles some of the key players in the global POS printer market such as Seiko Epson, HP, and Star Micronics. Other prominent vendors in the market are Boca Systems, Bixolon, Cognitive TPG, NCR, CUSTOM SPA, Woosim, Pertech Industries, and Zebra. It offers insightful information about the key players including their product portfolio, sales revenue, gross margin, and market share. The report further mentions the status of various marketing channels and provides information about traders and distributors. The feasibility of new project investment in the global POS printer market has been also analyzed in the report.

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