Global Receipt Printers Market | Increasing Focus On Maximizing Product Value to Drive Growth | Technavio

Technavio has announced its latest market research report titled Global Receipt Printers Market 2020-2024

LONDON--(BUSINESS WIRE)--Nov 20, 2020--

The global receipt printers market size is poised to grow by USD 275 million during 2020-2024, progressing at a CAGR of over 2% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Receipt Printers Market 2020-2024 (Graphic: Business Wire)

The increasing use of POS receipts is one of the key factors driving the growth of the global receipt printers’ market during the forecast period. Receipt printers in the retail sector are used as marketing tools to offer a more personal and interactive experience to customers. Businesses use these consumer receipts to create brand awareness and increase brand loyalty among the customers that include logo and website promotion and communication via email and these receipts can draw the attention of the consumers by printing dynamic receipts upon installing a software. These factors will help increase the growth of the receipt printer market during the forecast period.

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Report Highlights:

  • The major receipt printer market growth came from the retail segment. This sector includes hypermarkets, supermarkets, drug stores, gas stations, specialty stores, and mass merchandise stores.
  • North America was the largest receipt printer market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the high concentration of organized retail outlets and supermarkets and the rapid growth of quick-service restaurants (QSRs).
  • The global receipt printer market is fragmented. BIXOLON Co. Ltd., Boca Systems Inc., Citizen Systems Europe GmbH, CognitiveTPG, Fujitsu Ltd., HP Inc., NCR Corp., Seiko Epson Corp., Star Micronics Co. Ltd., and Toshiba Corp. some of the major market participants. To help clients improve their market position, this receipt printer's market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the global receipt printers market 2020-2024 is expected to have a neutral impact. As the pandemic spreads in some regions and plateaus in other regions, we continue to revaluate the impact on businesses and update our report forecasts.

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Waterproof and dustproof receipt printers will be a Key Market Trend

With the increasing popularity of receipt printers, their use is increasing across varying applications and so is the environment of its usage. For instance, certain businesses, including pharmacies, outdoor retail, healthcare, athletics, and professional landscaping cannot avoid encountering liquids. These factors encouraged the advent of waterproof and dustproof receipt printers and several manufacturers are investing in this sector. This will further drive the growth of this industry during the forecast period.

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Receipt Printers Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist receipt printers market growth during the next five years
  • Estimation of the receipt printers market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the receipt printers market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of receipt printers market vendors

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Related Reports on Information Technology Include:

Multi-functional Printer Market by Technology and Geography - Forecast and Analysis 2020-2024: The multi-functional printer market size has the potential to grow by USD 1.38 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

RFID Printer Market by End-user and Region - Forecast and Analysis 2020-2024: The RFID printer market size has the potential to grow by USD 456.26 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Retail - Market size and forecast 2019-2024
  • Hospitality - Market size and forecast 2019-2024
  • Market opportunity by End-user

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Thermal - Market size and forecast 2019-2024
  • Impact - Market size and forecast 2019-2024
  • Inkjet - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landcsape
  • Landscape disruption
  • Competitive landscape

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • BIXOLON Co. Ltd.
  • Boca Systems Inc.
  • Citizen Systems Europe GmbH
  • CognitiveTPG
  • Fujitsu Ltd.
  • HP Inc.
  • NCR Corp.
  • Seiko Epson Corp.
  • Star Micronics Co. Ltd.
  • Toshiba Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Copyright Business Wire 2020.

PUB: 11/20/2020 09:30 PM/DISC: 11/20/2020 09:31 PM

Copyright Business Wire 2020.