DUBLIN--(BUSINESS WIRE)--The "Payment Machine Mounting Systems Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type; End Users" report has been added to ResearchAndMarkets.com's offering.
The global payment machine mounting system market was valued at US$ 260.19 million in 2019 and is projected to reach US$ 413.35 million by 2027; it is expected to grow at a CAGR of 6.5% from 2020 to 2027.
The increasing adoption of POS solutions in the retail, healthcare, and hospitality sector is driving the deployment of payment machine mounting systems, such as adapters, cash drawers, and trays. Growth in the number of retail outlets, hospitals, pubs, and restaurants worldwide is one of the major factors driving the growth of the market for POS solutions and related products, such as mounting stands.
The retail companies having online presence are putting additional efforts on expanding their footprint through physical stores. Also, changing lifestyle of individuals and eating habits has resulted in the increasing number of restaurants and pubs throughout the world. Moreover, increase in construction of hospitals worldwide is another aspect playing a greater role in boosting the penetration of POS solutions, as well as mounting systems. Moreover, the emerging economies of APAC and construction of retail stores and hospitals is projected to provide growth opportunities to the providers of payment machine mounting systems.
Based on type, the payment machine mounting system market is categorized into POS mount and others. In 2019, the POS mount segment dominated the payment machine mounting system market. These systems are developed to work with the user's existing hardware. The POS mount are developed for monitors available with different sizes ranging from 7 to 12 inch and 23 to 39 inch. POS mount help protect the display while maximizing counter space. For example, the Modular Now is a highly configurable POS mounting system.
The payment machine mounting system market has been segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America held the largest share of the market in 2019, followed by Europe and Asia Pacific. The growth of the market in North America is mainly attributed to the rise in demand of card-based payment methods, with a constantly increasing number of hotels, bars, restaurants, retail stores, and hospitals in the region. The tablet POS and mobile POS are most widely used across retail stores in the US, and thus, the demand for POS stands is surging due to the fact that these POS systems require mounting stands. On the other hand, the hospitals, restaurants, and bars use terminal POS, which require drive extension arm payment stands. The increase in the adoption of these solutions is catalyzing the growth of the payment machine mounting system market.
Apollo Electronics Co., Ltd., Atdec Pty Ltd, Diwei Industrial Co., Ltd., ENS-CO, Ergonomic Solutions, HPC System, Innovative Office Products, LLC, Lumi Legend Corporation, MMF POS, Techpole are among the major players in the global payment machine mounting system market.
Impact of the COVID-19 Pandemic
The outbreak has created significant disruptions in primary industries such as consumer electronics, semiconductor, automotive, and IT infrastructure. All these industries are crucial for the growth of global payment machine mounting systems market as they generate a major demand for these systems.
The factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have impacted both manufacturing and sales of various consumer electronic products and components. The global electronics and semiconductor industry is one of the major industries that is suffering serious disruptions due to interrupted supply chains and manufacturing shutdowns.
Key Topics Covered
1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Payment Machine Mounting Systems Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Payment Machine Mounting Systems Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Retail Outlets
5.1.2 Booming Hospitality Sector
5.2 Market Restraints
5.2.1 Use of mPOS Technology for Making Payments
5.3 Market Opportunity
5.3.1 Stupendous Growth in Asian Market
5.4 Future Trends
5.4.1 Evolution of Modular Technology Mounting Solutions
5.5 Impact Analysis
6. Payment Machine Mounting Systems Market - Global Market Analysis
6.1 Payment Machine Mounting Systems Market Overview
6.2 Payment Machine Mounting Systems Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Global Key Players
7. Payment Machine Mounting Systems Market Analysis - By Type
7.1 Overview
7.2 Payment Machine Mounting Systems Market Breakdown, by Type, 2019 & 2027
7.3 POS Mount
7.4 Other Types
8. Payment Machine Mounting Systems Market Analysis - By End User
8.1 Overview
8.2 Payment Machine Mounting Systems Market Breakdown, by End User, 2019 & 2027
8.3 Retail Stores
8.4 Restaurant & Pubs
8.5 Hotels
8.6 Hospitals
8.7 Others
9. Payment Machine Mounting Systems Market - Geographic Analysis
9.1 Overview
9.2 North America: Payment Machine Mounting Systems Market
9.3 Europe: Payment Machine Mounting Systems Market
9.4 APAC: Payment Machine Mounting Systems Market
9.5 MEA: Payment Machine Mounting Systems Market
9.6 SAM: Payment Machine Mounting Systems Market
10. Impact of COVID-19 Pandemic on Payment Machine Mounting Systems Market
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 South America
11. Global Payment Machine Mounting System Market-Industry Landscape
11.1 Overview
11.2 Market Initiatives
11.3 New Developments
12. Company Profiles
12.1 Apollo Electronics Co. Ltd.
12.2 Atdec Pty. Ltd.
12.3 Diwei Industrial Co. Ltd.
12.4 ENS-CO
12.5 Ergonomic Solutions
12.6 HPC System
12.7 Innovative Office Products, LLC
12.8 Lumi Legend Corporation
12.9 MMF POS
12.10 TechPole
For more information about this report visit https://www.researchandmarkets.com/r/nziq2z
