Report : North America 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
In terms of types, fixed mounts segment is anticipated to be the fastest growing segment in the North America payment machine mounting systems market during 2020–2027
According to our new market research study on “North American Payment Machine Mounting Systems Market to 2027 – Regional Analysis and Forecast by type, end user, and country,” the market is expected to reach US$ 95.21 million by 2027 from US$ 74.89 million in 2019; it is estimated to grow at a CAGR of 35% from 2020 to 2027. North American population is well accustomed to card-based payment systems, and owing to this, the demand for POS terminals is high in the region. A majority of the population in the US, Canada, and Mexico use card-based systems in order to enhance the digitalization. In addition, the banks operating in the countries mentioned above also rolls out attractive offers on debit cards and credit cards, which intensifies the customers' shopping behavior using cards. Thus, increased usage of card-based payments has soared up the demand for POS terminals, and this has led to a rise in procurement of POS mounts, which is a catalyzer for the payment machine mounting system market.
The medical sector in the region especially in the US is technologically advanced and continues to adopt robust technologies to ease and streamline various process. The majority of the hospitals across the country experience large number of patients on an average, and pertaining to this, the demand for easy and smooth payment solution is all-time high. The usage of POS among the US hospitals is long-standing, and in the recent years, the requirement for POS mounts is surging at a decent rate, which is showcasing growth in payment machine mounting system market. The number of hospitals in the country is expected to rise in the coming years, this reflects the growth in demand for various POS mounts offered by the payment machine mounting system market players.
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.
Apollo Electronics Co., Ltd., ENS-CO, HPC Systems, Innovative Office Products LLC, are among the leading companies in the North American 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.
North America: Payment Machine Mounting SystemsMarket, By Country, 2019 and 2027
The report segments the North America payment machine mounting systems market as follows:
By Types
- POS Mounts
- Fixed Payment Mounts
- Drive Extension Arm Payment Mount
- Others
By End-Users
- Retail Stores
- Restaurants & Pubs
- Hotels
- Hospitals
- Others
By Country
- US
- Canada
- Mexico