MIR Announces the Publication of its Research Report – Global Receipt Printers Market 2017-2021
MIR recognizes the following companies as the key players in the global receipt printers market: Citizen Systems, Epson, and Star Micronics.
Other Prominent Vendors in the market are: Bixolon, BOCA Systems, Cognitive TPG, CUSTOM, M/s Pulsar Technologies (I), NCR, Pertech Industries, POS-X, WOOSIM SYSTEMS, Xiamen Rongta Technology, and ZIH.
Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is advent of NFC technology. The payment structure is continuously improving and evolving. Tap-and-go digital payments such as Samsung Pay and Apple Pay involve the use of NFC technology. This technology allows data exchange over short distances and has gained popularity with Android 4.0. The technology has been rebranded as Android Beam, allowing users to share contacts, links, maps, and more with a simple tap.”
According to the report, one of the major drivers for this market is improving retail landscape in APAC and Africa. Strong economic and urban development has made APAC one of the fastest-growing retail landscapes globally. The retail market is constantly evolving, with changing consumer tastes and preferences. APAC is driven by high-growth countries such China and India (with a GDP of more than 7%). The robust economic growth has prompted a significant trend of migration from rural to urban areas as people seek better opportunities, employment, and lifestyles. Populous countries such as China and India in the region will achieve 60% urbanization in the coming decade. These two nations will also boast of the majority of the middle class during this period, with a daily spending capacity of $25-$250 by the end of the coming decade.
Further, the report states that one of the major factors hindering the growth of this market is highly competitive market. Vendors in the global receipt printers market are witnessing a decline in their profit margins because of the rising price of raw materials and increasing vendor competition. Few major vendors in the market enjoy a substantial market leverage due to a strong brand image. However, the market is continuing to grow, and this growth is resulting in the entry of few regional vendors in the market. The new vendors focus on end-user requirements and are developing receipt printers based on the latest technological developments in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Receipt Printers
A receipt printer is an integral part of a POS system used in industries such as retail and hospitality. They are used to print credit card slips and customer receipts. Apart from printing receipts, receipt printers are also used to maintain the customer database and market brands. The primary function of a receipt printer is to print and encode receipts in retail stores, hotels, and restaurant chains. Receipt printers simplify the billing process, help in maintaining an order log, and provide customers with receipts. These devices can also be used for promotional offers by printing discounts and other offers on the reverse side of receipts. This promotes customer loyalty and increases customer satisfaction.
MIR’s analysts forecast the global receipt printers market to grow at a CAGR of 12.08% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global receipt printers market for 2017-2021. To calculate the market size, the report considers the shipments and the value of the market. The estimates do not include installations and after-sales services.
The market is divided into the following segments based on geography:
• North America
MIR's report, Global Receipt Printers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
• Citizen Systems
• Star Micronics
Other prominent vendors
• BOCA Systems
• Cognitive TPG
• M/s Pulsar Technologies (I)
• Pertech Industries
• WOOSIM SYSTEMS
• Xiamen Rongta Technology
• Improving retail landscape in APAC and Africa
• For a full, detailed list, view our report
• Highly competitive market
• For a full, detailed list, view our report
• Advent of NFC technology
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
"Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
â¢ Key market highlights
PART 05: Market landscape
â¢ Market overview
â¢ Market size and forecast
â¢ Five forces analysis
PART 06: Market segmentation by end-user
â¢ Global receipt printers market in retail sector
â¢ Global receipt printers market in hospitality sector
PART 07: Market segmentation by type
â¢ Types of receipt printers
â¢ Global receipt printers market by thermal receipt printers
â¢ Global receipt printers market by impact receipt printers
â¢ Global receipt printers market by inkjet receipt printers
PART 08: Market segmentation by interface type
â¢ Global receipt printers market by interface type
PART 09: Geographical segmentation
â¢ Global receipt printers market by geography
â¢ Receipt printers market in North America
â¢ Receipt printers market in Europe
â¢ Receipt printers market in APAC
â¢ Receipt printers market in ROW
PART 10: Decision framework
PART 11: Drivers and challenges
â¢ Market drivers
â¢ Impact of drivers on key customer segments
â¢ Market challenges
â¢ Impact of challenges on key customer segments
PART 12: Market trends
â¢ Advent of NFC technology
â¢ Development of receipt printers for small retailers
â¢ Advent of waterproof and dustproof receipt printers
PART 13: Vendor landscape
â¢ Competitive scenario
â¢ Key vendors
â¢ Citizen Systems
â¢ Star Micronics
â¢ Other prominent vendors
PART 14: Appendix
â¢ List of abbreviations
List of Exhibits
Exhibit 01: Supply chain of receipt printers
Exhibit 02: Global receipt printers market: Overview
Exhibit 03: Global receipt printers market 2016-2021 ($ millions)
Exhibit 04: Global receipt printers market 2016-2021 (millions of units)
Exhibit 05: ASP trend of receipt printers 2016-2021 ($)
Exhibit 06: Five forces analysis
Exhibit 07: Global receipt printers market by end-user 2016-2021 (% share)
Exhibit 08: Global receipt printers market by end-user: Revenue trend line 2016-2021 ($ millions)
Exhibit 09: Global receipt printers market in retail sector 2016-2021 ($ millions)
Exhibit 10: Demand for receipt printers from stores in retail sector 2016-2021 (% share)
Exhibit 11: Revenue trend line of stores in retail sector 2016-2021 ($ millions)
Exhibit 12: Global receipt printers market in hospitality sector 2016-2021 ($ millions)
Exhibit 13: Global receipt printers market by type 2016-2021 (% share)
Exhibit 14: Global receipt printers market by type: Revenue trend line 2016-2021 ($ millions)
Exhibit 15: Global receipt printers market by thermal receipt printers 2016-2021 ($ millions)
Exhibit 16: Global receipt printers market by impact receipt printers 2016-2021 ($ millions)
Exhibit 17: Global receipt printers market by inkjet receipt printers 2016-2021 ($ millions)
Exhibit 18: Global receipt printers market by interface type 2016-2021 (% share)
Exhibit 19: Global receipt printers market by interface type 2016-2021 ($ millions)
Exhibit 20: Global receipt printers market by geography 2016-2021 (% share)
Exhibit 21: Global receipt printers market: Revenue trend line based on receipt printer demand 2016-2021 ($ millions)
Exhibit 22: Receipt printers market in North America 2016-2021 ($ millions)
Exhibit 23: Receipt printers market in Europe 2016-2021 ($ millions)
Exhibit 24: Stores in European retail environment 2016 and 2021 (% share)
Exhibit 25: Receipt printers market in APAC 2016-2021 ($ millions)
Exhibit 26: Foreign direct investments in retail sector in India as per Department of Industrial Policy and Promotion 2000-2016
Exhibit 27: Receipt printers market in ROW 2016-2021 ($ millions)
Exhibit 28: Retail market attractiveness in GCC countries
Exhibit 29: MSMEs by major countries/regions 2016 (% share)
Exhibit 30: Payment methods used by consumers globally 2016 and 2021 (% share)
Exhibit 31: Global volume of payment cards 2016-2021 (billions of units)
Exhibit 32: Global transaction volume of payment cards 2016-2021 ($ trillions)
Exhibit 33: Impact of drivers
Exhibit 34: Impact of challenges
Exhibit 35: NFC-enabled mobile devices 2016-2021 (millions of units)
Exhibit 36: Competitive factors impacting global receipt printers market
Exhibit 37: Other prominent vendors in global receipt printers market
Companies Mentioned are -Citizen Systems, Epson, Star Micronics, Bixolon, BOCA Systems, Cognitive TPG, CUSTOM, M/s Pulsar Technologies (I), NCR, Pertech Industries, POS-X, WOOSIM SYSTEMS, Xiamen Rongta Technology, and ZIH.
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.