Point of Sale Display Market is valued approximately USD 12.46 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.90% over the forecast period 2022-2029. A specialized type of sales promotion that may be seen next to a checkout counter is a point-of-sale display. The major diving factors for the market are rising number of hypermarkets, super stores and convenience stores, increasing number of multi-channel retail shops globally and rising number of industries especially in the food and entertainment sector. Along with this, rising research and development by the key market players is creating lucrative growth opportunity for the market over the forecast period.
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According to Statista there has been rise in number of supermarkets in the United States which is further propelling the growth of market as in year 2012 there were around 37,053 supermarkets in the region which increases to 38,307 supermarkets in year 2018. As a result, rise in number of supermarkets is propelling the market expansion. However, the rising preference of online shopping is stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Point of Sale Display Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. During the projection period, the Asia-Pacific region is expected to lead the market. Market expansion in this area is anticipated to be fueled by an increase in local sourcing techniques in search of cost-saving options. Additionally, a growing trend in the Asia-Pacific industry has been identified: the usage of POS machines for marketing. These days, POS displays can use 4k and Ultra 4k technology. They are required for successful advertising and visual merchandising in retail establishments. Therefore, over the projected period, the aforementioned reasons support the growth of the POS display market size in the Asia-Pacific region. Along with this, North America is projected to grow with the fastest CAGR over the forecast period. High demand, the use of cutting-edge integrated systems, and the presence of significant international companies are all factors contributing to the regional market growth.
Major market players included in this report are:
Lightspeed Retail Company
Sapaad Pte Ltd
Simpson Group
Adare International Limited
RTC Industries, Inc.
Miva Merchant
Samsung Electronics
Panasonic
AU Optronics
Baanto International
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Recent Developments in the Market:
By replacing 1 million unneeded pieces of plastic from its POS displays in 2021, DS Smith helped ASDA defy industry norms and develop more environmentally friendly solutions for its stores.
Shopify modernised and relaunched Shopify POS in 2020 for retailers all around the world. By combining offline and online sales in one location, the brand-new Shopify POS helps businesses take advantage of the potential of omnichannel marketing.
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Mobile POS
Fixed POS
By Application:
Restaurants
Retail
Healthcare
Warehouse
Entertainment
Hospitality
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Market Overview:
- Provides a general introduction to the market, including its size, growth rate, and key characteristics.
- This section may also include information on market segmentation, such as by product type, application, or geography.
Industry Trends and Drivers:
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- It may include technological advancements, regulatory changes, consumer preferences, or economic factors that impact the industry.
Market Analysis:
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Market Segmentation:
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- This analysis helps identify specific market opportunities and target audiences.
Market Size and Forecast:
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- -This section may include historical data, market projections, and growth rates for different segments.
Competitive Analysis:
- Assesses the competitive landscape of the market, including the profiles of major players, their market share, and strategies.
- It may also include SWOT analysis (strengths, weaknesses, opportunities, threats) of key competitors.
Market Opportunities and Challenges:
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- It may also address barriers to entry, regulatory hurdles, or competitive threats.
Consumer Insights:
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- This section may include survey data, consumer demographics, and customer feedback.
Future Outlook and Recommendations:
- Offers insights into the future prospects of the market and provides recommendations for businesses or stakeholders.
- This section may suggest strategies for market entry, product development, marketing, or investment decisions.
Appendix:
- Includes additional data, charts, tables, or references that support the analysis presented in the report.
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