Asia Pacific Payment Machine Mounting Systems Market to Grow at a CAGR of 8.6% to reach US$ 173.03 Million from 2020 to 2027

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

Publication Month : Aug 2020

  • Report Code : TIPRE00012975
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 114
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The Asia Pacific payment machine mounting systems market was valued at US$ 93.04 million in 2019 and is expected to grow at a CAGR of 8.6% during the forecast period to reach US$ 173.03 million by 2027



The payment machine monitoring system market in APAC is analyzed on the basis of various trends across demographics. The countries analyzed include; China, India, Japan, South Korea, Australia, and the Rest of APAC (including Taiwan, Singapore, Malaysia, and Thailand). These countries have been showcasing tremendous growth in the retail sector, healthcare sector, and the hospitality industry. Technological advancements and adoption rate has soared up significantly in these countries. A substantial percentage of the population in the respective countries mentioned above have started using card-based payment in order to enhance the digitalization in the country. Pertaining to the rise in demand for card-based payment, the demand, and manufacturing of the POS system has ascended steeply. This, in turn, has led to the development and adoption of POS mounts or stands, thereby boosting the Asia Pacific payment machine mounting system market

The digitalization surge in the banking sector in the APAC region has led to a rise in the availability of debit cards and credit cards. The easy obtainability of these cards has enabled a significant fraction of the population to use card-based payment, which has led to a rise in the adoption of POS terminals. Therefore, the rise in POS terminals among large retailers, hotels, restaurants, and hospitals has increased the demand for POS mounts, which is leading the growth of the payment machine mounting system. The SMEs in the end users, as mentioned above, are incorporating POS terminals into their systems, which is expected to create lucrative business opportunities for payment machine mounting system market players in the coming years.

The APAC countries are facing substantial losses in respective industries owing to the outbreak of COVID-19 since December 2019. The coronavirus outbreak in China has led the country to experience tremendous tremors on the industries, following the temporary closure of manufacturing facilities and work from home scenarios. The outbreak has restricted the growth of the payment machine mounting system market in the country, pertaining to the fact that the majority of the production plants have been temporarily shut on the wake of lockdown strategy adopted by the governments. China, India, and Japan payment machine mounting system market players are the most affected since these countries have been experiencing stringent and longer nation-wide lockdown.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Types, End Users, and Country

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, China, Japan, South Korea

  1. Apollo Electronics Co., Ltd.
  2. Atdec Pty Ltd.
  3. Diwei Industrial Co. Ltd.
  4. Ergonomic Solutions
  5. Innovative Office Products LLC
  6. Lumi Legend Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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