Thermal Receipt Printer Market - Regional Analysis
North American Market Insights
North America industry is poised to hold largest revenue share of 35% by 2035. The growth of the market can be attributed majorly to the growing preference for paper receipts. A survey conducted by the paper industry revealed that around seven out of ten Americans would rather get a paper receipt. This will increase the installation of thermal receipt printers at several stores in the region. Furthermore, in North America, there are several manufacturers of thermal printers which have increased production, which is also a major factor that has contributed to the market growth. Moreover, these companies are investing heavily in the research and development of printers.
APAC Market Insights
The Asia Pacific thermal receipt printer market is estimated to be the second largest, registering a share of about 24% by the end of 2035. The growth of the market can be attributed majorly to the expansion of the retail sector. Asia Pacific is rapidly establishing supermarkets, shopping malls, e-commerce chains, convenience stores, and others. Receipts are a common but important part of all these businesses and it will increase the adoption of thermal receipt printers.
