The payment machine mounting systems market size is projected to reach US$ 541.51 million by 2031 from US$ 317.28 million in 2023. The market is expected to register a CAGR of 6.9% in 2023–2031. The integration of IoT technology in the payment machine mounting systems is likely to remain a key payment machine mounting systems market trend.
Payment Machine Mounting Systems Market Analysis
The payment machine mounting systems market is growing at a rapid pace due to the expanding retail industry across the globe and the rising demand for cashless payment methods among consumers. The market is expanding steadily, driven by the growing focus on enhanced consumer experience and aesthetics. Moreover, the growing partnership agreements for the development of customized products are providing lucrative opportunities for market growth.
Payment Machine Mounting Systems Market Overview
Payment machine mounting systems are used to securely mount and hold payment variety of machines, such as point of sale (POS) terminals, card readers, and cash registers. These systems are designed to provide convenience and stability to businesses. Growing adoption of payment machine mounting systems by end users such as retail stores, restaurants and pubs, hotels, hospitals, and others is driving the market.
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Payment Machine Mounting Systems Market: Strategic Insights
Market Size Value in US$ 260.19 Million in 2019 Market Size Value by US$ 413.35 Million by 2027 Growth rate CAGR of 6.4% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Payment Machine Mounting Systems Market: Strategic Insights
| Market Size Value in | US$ 260.19 Million in 2019 |
| Market Size Value by | US$ 413.35 Million by 2027 |
| Growth rate | CAGR of 6.4% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Payment Machine Mounting Systems Market Drivers and Opportunities
Expanding Retail Industry Across the Globe is Driving the Market
Walmart, Amazon, The Home Depot, Kroger, Target, Ahold Delhaize, Fred Meyer, Edeka, SPAR International, and Reliance Retail are the biggest retail companies in the world. These companies are continuously expanding their retail chain to attract more customers by generating significant profits. For instance, according to the NACS report of January 2024, more than 152,000 convenience stores operate in the US, which shows an increase of 1.5% from 2023. These stores highly adopted payment machine mounting systems to ease payment processing in their outlets. Furthermore, the expanding retail industry and growing number of retail stores worldwide are driving the market during the forecast period.
Growing Partnership Agreements for the Development of Customized Products – An Opportunity in Payment Machine Mounting Systems
Growing demand for payment machine mounting systems among companies to provide their customers with enhanced experience is creating opportunities in the market. The demand for payment machine mounting systems encourages manufacturers and customers to develop innovative products for consumer satisfaction. For instance, in October 2021, VeriFone, Inc. partnered with TECHPOLE SOLUTIONS SL to develop a payment terminal stand suitable for Verifone's VX820. This mount is typically positioned on a pole that can be of varying heights. The mount can swivel 330 degrees and tilt 180 degrees, which makes the point of sale more efficient and professional for users. Moreover, the rising demand for customized products among companies is creating opportunities for payment machine mounting systems market participants during the forecast period.
Payment Machine Mounting Systems Market Report Segmentation Analysis
Key segments that contributed to the derivation of the payment machine mounting systems market analysis are type and end user.
- Based on type, the payment machine mounting systems market is divided into POS mount and others. The POS mount segment is sub-segmented into fixed payment mount and drive extension arm payment mount. The POS mount segment held a larger market share in 2023.
- On the basis of end user, the market is segmented into retail stores, restaurants and pubs, hotels, hospitals, and others. The retail stores segment held the largest share of the market in 2023.
Payment Machine Mounting Systems Market Share Analysis by Geography
The geographic scope of the payment machine mounting systems market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, Asia Pacific accounted for the largest payment machine mounting systems market share. The market in this region is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. Asia Pacific is projected to expand at a significant CAGR in the near future due to growing digitalization and customers' preference for card-based payment methods. Moreover, the growth of the retail industry in countries, such as China, India, Japan, and South Korea is fueling the market in the region. For instance, according to the India Brand Equity Foundation, the Indian retail sector is anticipated to reach US$ 2 trillion in value by 2032. The retail industry is increasingly emphasizing reducing total operational costs by removing manual operations in stores associated with payment processing is driving the market during the forecast period.
Payment Machine Mounting Systems Market Report Scope
Payment Machine Mounting Systems Market News and Recent Developments
The payment machine mounting systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for payment machine mounting systems and strategies:
- In November 2023, Havis, Inc. participated in the National Retail Federation (NRF) 2024 Expo in New York City. The event took place at the Javits Convention Center from January 14th to 16th, 2024. Havis, Inc. unveils a comprehensive suite of end-to-end solutions, including payment terminal stands, POS displays & mounts, mobile payment solutions, kiosk solutions, carts, forklift mounting & docking, and others. These solutions are tailored to the evolving needs of the retail and warehouse industries. (Source: Havis, Inc., Press Release, 2023)
- In June 2023, Havis, Inc., a leading global manufacturer of technology mobility and mounting solutions, helps retailers meet the requirements of PCI SSC standards with an ever-expanding range of innovative payment terminal stands and security accessories. (Source: Havis, Inc., Press Release, 2023)
- In November 2021, TECHPOLE SOLUTIONS SL launched Tablet Wacom DTU -1141 desktop mount to support companies in easing their payment processing. Tablet Wacom DTU -1141 desktop mount is ideal for companies that need the signature of their customers for data protection or use the tablet to capture the signature for payment or any other reason. (Source: TECHPOLE SOLUTIONS SL, Press Release, 2021)
Payment Machine Mounting Systems Market Report Coverage and Deliverables
The “Payment Machine Mounting Systems Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; End Users
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global payment machine mounting systems market was estimated to be US$ 317.28 million in 2023 and is expected to grow at a CAGR of 6.9% during the forecast period 2023 - 2031.
The expanding retail industry across the globe and rising demand for cashless payment methods among consumers are the major factors that propel the global payment machine mounting systems market.
The integration of IoT technology in the payment machine mounting systems is anticipated to play a significant role in the global payment machine mounting systems market in the coming years.
The key players holding majority shares in the global payment machine mounting systems market are HPC System, Apollo Electronics Co., Ltd., LUMI LEGEND CORP, Atdec Pty Ltd, and TECHPOLE SOLUTIONS SL.
The global payment machine mounting systems market is expected to reach US$ 541.51 million by 2031.
The incremental growth expected to be recorded for the global payment machine mounting systems market during the forecast period is US$ 224.22 million.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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