Global Receipt Printers Market to grow at a CAGR of 12.08% during the period 2017-2021

Albany, New York, 26 May, 2017: 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.

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This industry research report identifies Citizen Systems, Epson, and Star Micronics as the key vendors in the “global receipt printers market” . This industry research report also presents a competitive analysis of the market by end-user (hospitality and retail), by type (ink jet, impact, and thermal), by interface type (802.11, ethernet, Bluetooth, parallel, serial, USB), and by geography (APAC, Europe, North America, and ROW).

Market research analysts at Market Research Hub predict that the global receipt printers market will grow steadily during the next four years and post a CAGR of over 12% by 2021. This market research analysis identifies the use of POS receipts as marketing tools as one of the primary growth factors for this market. Receipt printers in the retail sectors 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. This is achieved by retailers who observe the buying behavior of customers and store the data and information.

One of the latest trends that will gain traction in the receipt printers market in the coming years is the advent of waterproof and dustproof receipt printers. To serve a wider range of end-users, several vendors in the market are investing in the manufacture of waterproof printers. Certain businesses including pharmacies, outdoor retail, healthcare, athletics, and professional landscaping cannot avoid encountering liquids. This will induce them look to for solutions to avoid a complete shutdown of the device in case of a liquid spill, boosting the demand for these printers.

Market Research Hub analysts forecast the global receipt printers market to grow at a CAGR of 12.08% during the period 2017-2021.

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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:
APAC
Europe
North America
ROW

Market Research Hub’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.

Key vendors
Citizen Systems
Epson
Star Micronics
Other prominent vendors
Bixolon
BOCA Systems
Cognitive TPG
CUSTOM
M/s Pulsar Technologies (I)
NCR
Pertech Industries
POS-X
WOOSIM SYSTEMS
Xiamen Rongta Technology
ZIH
Market driver
Improving retail landscape in APAC and Africa
For a full, detailed list, view our report

Market challenge
Highly competitive market
For a full, detailed list, view our report

Market trend
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?

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