Global Receipt Printers Market | Increasing Focus On Maximizing Product Value to Drive Growth | Technavio
The global receipt printers market size is poised to grow by USD 275 million during 2020-2024, progressing at a CAGR of over 2% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Receipt Printers Market 2020-2024 (Graphic: Business Wire)
The increasing use of POS receipts is one of the key factors driving the growth of the global receipt printers' market during the forecast period. Receipt printers in the retail sector 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. These factors will help increase the growth of the receipt printer market during the forecast period.
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Waterproof and dustproof receipt printers will be a Key Market Trend
With the increasing popularity of receipt printers, their use is increasing across varying applications and so is the environment of its usage. For instance, certain businesses, including pharmacies, outdoor retail, healthcare, athletics, and professional landscaping cannot avoid encountering liquids. These factors encouraged the advent of waterproof and dustproof receipt printers and several manufacturers are investing in this sector. This will further drive the growth of this industry during the forecast period.
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Receipt Printers Market 2020-2024: Key Highlights
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Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
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