Global Receipt Printers Market Overview:
The receipt printer is an advanced printer technique highly used in restaurants, retail, grocery, hotel, and others. The rapid movement of card payments is driving the product in a rapid manner. This is a fragmented market available in various sizes with different print methods. It is highly adopted by the hospitality business with a high level of connectivity with advanced technology. Some of the players profiled in the study are Seiko Epson (Japan), Hewlett-Packard (United States), Citizen Systems (England), Star Micronics (Japan), Transact Technologies (United States), Posiflex Technology (Taiwan), Bixolon Co (Korea), POS-X (United States), TVS Electronics (India) and BOCA Systems (United States).
On the basis of geography, the market of Receipt Printers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channels, the sub-segment i.e. Direct Sales will boost the Receipt Printers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Interface, the sub-segment i.e. Wireless Network will boost the Receipt Printers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Demand for Low Power Consumption and Advanced Connectivity Receipt Printer
- Increasing Number of Corporate Businesses
- High Availability on Online Platforms
- Technology Development
- High Adoption for the Thermal Receipt Printers
- Limitation Due to Skilled Professional Required for Operation
- Increasing Presence of New Market Entrants
- High Cost Associated with Production
- Fluctuation in Prices of Raw Materials
Key Market Developments:
In May 2020, Epson announced the launch of two compact mPOS receipt printers with advanced functionality and connectivity. It is a cost-effective, practical design, new LED icons, and many other features. Through this initiative the company is become more competitive in the market and gain major market share.
The market is highly fragmented various market players are focusing on production technologies, improving efficiency, and other development activities. There are various market growth opportunities in the market and that is captured by tracking the ongoing process improvement and financial flexibility to invest in business growth strategies.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Receipt Printers Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Receipt Printers market on the basis of product [Thermal Receipt Printers, Impact/Dot Matrix Receipt Printers, Inkjet Receipt Printers and Others] , application [Banking, Entertainment, Retail, Healthcare, Manufacturing & Transportation and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Receipt Printers market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Receipt Printers industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Cognitive TPG (United States), Pertech Industries (United States) and Zebra (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Receipt Printers market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.