Report : Asia Pacific Payment Machine Mounting Systems Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Types (POS Mount (Fixed Payment Mount, Drive Extension Arm Payment Mount), Others); End Users (Retail Stores, Restaurant and Pubs, Hotels, Hospitals, Others), and Country
According to our new market research study on “Asia Pacific Payment Machine Mounting Systems Market to 2027 – Regional Analysis and Forecast by type, end user, and country,” the market is expected to reach US$ 173.03 million by 2027 from US$ 93.4 million in 2019; it is estimated to grow at a CAGR of 8.6% from 2020 to 2027. Increase in the number of retail outlets across the region is driving the use of POS solutions to make payments quickly. To ensure safe and secure transactions while saving time of customers, the POS solutions are gaining momentum in the retail industry. Increase in the use of POS solutions positively drives the adoption of payment machine mounting stands in almost all retail outlets to provide ease to their customers. This factor is crucially driving the payment machine mounting systems market.
The increase in the purchasing power parity of individuals is subsequently driving the demand for a broad category of products, which has, in turn, driven the initiation of new retail outlets worldwide to meet the supply of and demand for products. Many retailers have recognized the significance of having both an online presence and a physical store. For instance, digital native brands such as Glossier, Warby Parker, Casper, and Bonobos have online businesses and are planning to launch and expand their physical presence in the near future. Real estate experts anticipate that the digitally native brands are likely to open 850 brick-and-mortar stores in the coming five years. The retail outlets, such as superstores, food markets, drug stores, department stores, and convenience stores, are increasing annually across the APAC region. The expansion of the aforementioned types of stores boost the construction of varied retail outlets. The adaptation of stores for service expansion, store footprint rationalization, and center-store optimization features, as well as robotics technology, are further accountable to increase the construction of more retail outlets irrespective of their industry.
Apollo Electronics Co., Ltd., Atdec Pty Ltd., Diwei Industrial Co. Ltd., Lumi Legend Corporation, are among the leading companies in the APAC payment machine mounting systems market. The market players present in the payment machine mounting systems market are mainly focusing on product enhancements by integrating advanced features and technologies. By signing partnerships, contracts, joint ventures, and inaugurating new offices across the world, companies are trying to increase their market share and brand presence.
APAC: Payment Machine Mounting SystemsMarket, By Country, 2019 and 2027
The report segments the APAC payment machine mounting systems market as follows: