North America Payment Machine Mounting Systems Market Drivers and Forecasts by 2027

The payment machine mounting system market in North America was valued at US$ 74.89 million in 2019 and is projected to reach US$ 95.21 million by 2027; it is expected to grow at a CAGR of 3.5% from 2020 to 2027.

The North American countries are technologically advanced, especially the US and Canada. The industries in the region continuously seek technologically advanced solutions and systems in order to ease the lifestyle. The card payment system has been a long-standing payment method in the North American countries, and the majority of the transactions in hotels, restaurants, hospitals, grocery stores are carried out using a debit card or credit card. With the rise in demand for card-based payment in the region, several companies are engaged in developing payment terminal mounts or stands. The development of such a mechanism is attracting a significant percentage of end users, which is influencing the payment machine mounting system market to grow. The count of hotels, bars, restaurants, retail stores, and hospitals is at a constant rise in recent times in the North American region. The rising number of end users is demanding an increased number of Point of Sale (POS) terminals, which in turn is catalyzing the procurement of POS stands, thereby driving the payment machine mounting system market.

The Canadian end users are also seeking fixed and movable POS mounts, which enable the end users to save space at the payment counter and also facilitate the customers to transact through the POS system easily. The growing number of end users in the Canadian region is a key influential parameter for the North America payment machine mounting system market. Mexico, on the other, is showcasing significant demand for POS systems across end users. This is due to the fact that the country is witnessing substantial growth in the number of retail stores, hotels, restaurants, and hospitals, among others. The continuous growth in end users, coupled with the rise in trend of digital payments in the country, is propelling the end users to procure an increased number of POS systems. The rise in the adoption of the POS system is generating significant demand for POS mounts, which is supporting the growth of the payment machine mounting system market.

The outbreak of COVID-19 in North America has led to a national emergency, further leading to the imposition of lockdown measures. The lockdown scenario has resulted in a temporary shutdown of hotels, pubs, restaurants, and small retail stores. This has weakened the adoption of POS mounts among the end users who operate POS systems without POS mounts, thereby negatively impacting the growth of the payment machine mounting system market. In addition, the POS mounts manufacturers are experiencing labor shortage as a result of the imposition of lockdown; this is leading to a massive fall in production volumes, which is creating a significant threat to the manufacturers. This is due to the fact that as and when the COVID-19 crisis will end, and the end users begin to normalize their business, the demand for POS mounts would rise. During such a massively growing demand scenario, less production volume is anticipated to disrupt the payment machine mounting system market in the North American region.

North America Payment Machine Mounting Systems Market–Segmentation

By Types

• POS Mounts
  • Fixed Payment Mounts
  • Drive Extension Arm Payment Mounts
• Others

By End-Users

• Retail Stores
• Restaurants & Pubs
• Hospitals
• Hotels
• Others

By Country

• US
• Canada
• Mexico

North America Payment Machine Mounting Systems Market - Companies Mentioned

• Apollo Electronics Co., Ltd.
• Atdec Pty Ltd.
• ENS-CO
• Ergonomic Solutions
• Innovative Office Products LLC
• Lumi Legend Corporation
• MMF POS

North America Payment Machine Mounting Systems Report Scope