Payment Machine Mounting Systems Market Segments and Growth by 2031

The payment machine mounting systems market size is projected to reach US$ 541.51 million by 2031 from US$ 317.28 million in 2023. The market is expected to register a CAGR of 6.9% in 2023–2031. The integration of IoT technology in the payment machine mounting systems is likely to remain a key payment machine mounting systems market trend.

Payment Machine Mounting Systems Market Analysis

The payment machine mounting systems market is growing at a rapid pace due to the expanding retail industry across the globe and the rising demand for cashless payment methods among consumers. The market is expanding steadily, driven by the growing focus on enhanced consumer experience and aesthetics. Moreover, the growing partnership agreements for the development of customized products are providing lucrative opportunities for market growth.  

Payment Machine Mounting Systems Market Overview

Payment machine mounting systems are used to securely mount and hold payment variety of machines, such as point of sale (POS) terminals, card readers, and cash registers. These systems are designed to provide convenience and stability to businesses. Growing adoption of payment machine mounting systems by end users such as retail stores, restaurants and pubs, hotels, hospitals, and others is driving the market.

Payment Machine Mounting Systems Market: Strategic Insights

Payment Machine Mounting Systems Market Drivers and Opportunities

Expanding Retail Industry Across the Globe is Driving the Market

Walmart, Amazon, The Home Depot, Kroger, Target, Ahold Delhaize, Fred Meyer, Edeka, SPAR International, and Reliance Retail are the biggest retail companies in the world. These companies are continuously expanding their retail chain to attract more customers by generating significant profits. For instance, according to the NACS report of January 2024, more than 152,000 convenience stores operate in the US, which shows an increase of 1.5% from 2023. These stores highly adopted payment machine mounting systems to ease payment processing in their outlets. Furthermore, the expanding retail industry and growing number of retail stores worldwide are driving the market during the forecast period.

Growing Partnership Agreements for the Development of Customized Products – An Opportunity in Payment Machine Mounting Systems

Growing demand for payment machine mounting systems among companies to provide their customers with enhanced experience is creating opportunities in the market. The demand for payment machine mounting systems encourages manufacturers and customers to develop innovative products for consumer satisfaction. For instance, in October 2021, VeriFone, Inc. partnered with TECHPOLE SOLUTIONS SL to develop a payment terminal stand suitable for Verifone's VX820. This mount is typically positioned on a pole that can be of varying heights. The mount can swivel 330 degrees and tilt 180 degrees, which makes the point of sale more efficient and professional for users. Moreover, the rising demand for customized products among companies is creating opportunities for payment machine mounting systems market participants during the forecast period.

Payment Machine Mounting Systems Market Report Segmentation Analysis

Key segments that contributed to the derivation of the payment machine mounting systems market analysis are type and end user.

• Based on type, the payment machine mounting systems market is divided into POS mount and others. The POS mount segment is sub-segmented into fixed payment mount and drive extension arm payment mount. The POS mount segment held a larger market share in 2023.
• On the basis of end user, the market is segmented into retail stores, restaurants and pubs, hotels, hospitals, and others. The retail stores segment held the largest share of the market in 2023.

Payment Machine Mounting Systems Market Share Analysis by Geography

The geographic scope of the payment machine mounting systems market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

In terms of revenue, Asia Pacific accounted for the largest payment machine mounting systems market share. The market in this region is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. Asia Pacific is projected to expand at a significant CAGR in the near future due to growing digitalization and customers' preference for card-based payment methods. Moreover, the growth of the retail industry in countries, such as China, India, Japan, and South Korea is fueling the market in the region. For instance, according to the India Brand Equity Foundation, the Indian retail sector is anticipated to reach US$ 2 trillion in value by 2032. The retail industry is increasingly emphasizing reducing total operational costs by removing manual operations in stores associated with payment processing is driving the market during the forecast period.

The regional trends and factors influencing the Payment Machine Mounting Systems Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Payment Machine Mounting Systems Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Payment Machine Mounting Systems Market Report Scope

Payment Machine Mounting Systems Market Players Density: Understanding Its Impact on Business Dynamics

The Payment Machine Mounting Systems Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Payment Machine Mounting Systems Market News and Recent Developments

The payment machine mounting systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for payment machine mounting systems and strategies:

• In November 2023, Havis, Inc. participated in the National Retail Federation (NRF) 2024 Expo in New York City. The event took place at the Javits Convention Center from January 14th to 16th, 2024. Havis, Inc. unveils a comprehensive suite of end-to-end solutions, including payment terminal stands, POS displays & mounts, mobile payment solutions, kiosk solutions, carts, forklift mounting & docking, and others. These solutions are tailored to the evolving needs of the retail and warehouse industries. (Source: Havis, Inc., Press Release, 2023)
• In June 2023, Havis, Inc., a leading global manufacturer of technology mobility and mounting solutions, helps retailers meet the requirements of PCI SSC standards with an ever-expanding range of innovative payment terminal stands and security accessories. (Source: Havis, Inc., Press Release, 2023)
• In November 2021, TECHPOLE SOLUTIONS SL launched Tablet Wacom DTU -1141 desktop mount to support companies in easing their payment processing. Tablet Wacom DTU -1141 desktop mount is ideal for companies that need the signature of their customers for data protection or use the tablet to capture the signature for payment or any other reason. (Source: TECHPOLE SOLUTIONS SL, Press Release, 2021)

Payment Machine Mounting Systems Market Report Coverage and Deliverables

The “Payment Machine Mounting Systems Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles