Market Overview:
The global card payment terminals market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for card payment terminals from retail, food and beverage, entertainment, and other applications. In terms of type, the countertop card machines segment is expected to lead the global card payment terminals market during the forecast period. This segment is projected to grow at a CAGR of 8% during the forecast period. The portable card machines segment is projected to grow at a CAGR of 6% during the same period.
Product Definition:
A card payment terminal is a type of point-of-sale device that allows customers to pay for goods or services with a debit or credit card. These devices are commonly found in retail locations, but can also be used in other settings such as restaurants, hotels, and transportation terminals.
The use of card payment terminals is becoming increasingly popular due to their convenience and security features. They allow customers to complete transactions quickly and easily, without the need to carry cash or write checks. In addition, many terminals include fraud protection features that help reduce the risk of unauthorized transactions.
Countertop Card Machines:
Countertop card machines are used for processing chip cards. Chip cards possess a microchip that creates and stores information on the magnetic strip, which is then read by the terminal device. The data is used to validate the identity of the cardholder and ensure that payment has been made by verifying against a database.
The global countertop card machines market size was valued at USD 1,B0 million in 2016.
Portable Card Machines:
The global portable card machines and it's usage in Card Payment Terminals market size was valued at USD 1.5 billion in 2016. The increasing demand for contactless payment technology is expected to be a key factor driving the growth of this industry over the forecast period. Moreover, growing adoption of NFC-enabled smartphones across all regions is also anticipated to boost demand for these machines over the next few years.
Application Insights:
The retail segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing e-commerce industry has led to an increased demand for payment terminals at checkout stages of online shopping. Furthermore, increasing penetration of contactless payment technology such as Quick Response (QR) code and near field communication (NFC) is further driving the growth of this application segment.
The food & beverage segment accounted for a significant market share in 2017 owing to high adoption rate among small businesses, independent restaurants, cafes and large supermarkets/hypermarkets. Growing popularity among millennials has resulted in high adoption rate among these demographics across all applications where mobile payments are accepted such as entertainment events or concerts where cashless payments through card machines have become common practice at the doorsteps of these businesses or eateries before customers even enter into any restaurant or bar premises.
Regional Analysis:
North America dominated the global card payment terminals market in 2017. The growth can be attributed to the presence of a large number of retailers and restaurants that accept debit and credit cards, high usage of smartphones, and favorable regulations for acquiring bankcard data. Europe is expected to witness significant growth over the forecast period owing to increasing adoption by consumers as well as merchants for online payments. Furthermore, growing popularity of contactless payment technologies such as tap-and-go is further driving regional demand.
Asia Pacific region is anticipated to grow at a lucrative rate over the forecast period owing to increasing penetration by international acquirers in this region coupled with rising smartphone penetration especially in developing countries such as India and China. Moreover, increased use cases such as online shopping are also propelling regional demand during the forecast years from 2018 till 2030 timeframe).
Growth Factors:
- Increasing demand for card payment terminals from small and medium-sized businesses (SMBs) due to the growing trend of e-commerce
- Proliferation of contactless payments, which is driving the demand for NFC-enabled card payment terminals
- The increasing number of merchant acceptance locations for card payments
- Growing demand for mobile point-of-sale (mPOS) devices that allow merchants to accept card payments anywhere
- The rising adoption of cloud-based solutions by the payment terminal market players
Scope Of The Report
Report Attributes
Report Details
Report Title
Card Payment Terminals Market Research Report
By Type
Countertop Card Machines, Portable Card Machines, Mobile Card Machines
By Application
Retail, Food and Beverage, Entertainment, Others
By Companies
Square Terminal, NCR, Tokheim, Gilbarco Veeder-Root, Invenco Group, Verifone, Scheidt & Bachmann, KVSIO, Unixfor S.A., Quest Payment Systems, Orpak Systems(Gilbarco), HTEC Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Card Payment Terminals Market Report Segments:
The global Card Payment Terminals market is segmented on the basis of:
Types
Countertop Card Machines, Portable Card Machines, Mobile Card Machines
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Food and Beverage, Entertainment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Square Terminal
- NCR
- Tokheim
- Gilbarco Veeder-Root
- Invenco Group
- Verifone
- Scheidt & Bachmann
- KVSIO
- Unixfor S.A.
- Quest Payment Systems
- Orpak Systems(Gilbarco)
- HTEC Ltd
Highlights of The Card Payment Terminals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Countertop Card Machines
- Portable Card Machines
- Mobile Card Machines
- By Application:
- Retail
- Food and Beverage
- Entertainment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Card Payment Terminals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Card payment terminals are devices that allow customers to make payments by inserting their debit or credit cards into the terminal. The terminals typically have a screen that displays the amount of money remaining on the card, as well as information about how much has been paid out and how much is left to be paid.
Some of the key players operating in the card payment terminals market are Square Terminal, NCR, Tokheim, Gilbarco Veeder-Root, Invenco Group, Verifone, Scheidt & Bachmann, KVSIO, Unixfor S.A., Quest Payment Systems, Orpak Systems(Gilbarco), HTEC Ltd.
The card payment terminals market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Card Payment Terminals Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Card Payment Terminals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Card Payment Terminals Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Card Payment Terminals Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Card Payment Terminals Market Size & Forecast, 2020-2028
4.5.1 Card Payment Terminals Market Size and Y-o-Y Growth
4.5.2 Card Payment Terminals Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Countertop Card Machines
5.2.2 Portable Card Machines
5.2.3 Mobile Card Machines
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Retail
6.2.2 Food and Beverage
6.2.3 Entertainment
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Card Payment Terminals Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Card Payment Terminals Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Countertop Card Machines
9.6.2 Portable Card Machines
9.6.3 Mobile Card Machines
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Retail
9.10.2 Food and Beverage
9.10.3 Entertainment
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Countertop Card Machines
10.6.2 Portable Card Machines
10.6.3 Mobile Card Machines
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Retail
10.10.2 Food and Beverage
10.10.3 Entertainment
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Countertop Card Machines
11.6.2 Portable Card Machines
11.6.3 Mobile Card Machines
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Retail
11.10.2 Food and Beverage
11.10.3 Entertainment
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Countertop Card Machines
12.6.2 Portable Card Machines
12.6.3 Mobile Card Machines
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Retail
12.10.2 Food and Beverage
12.10.3 Entertainment
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Countertop Card Machines
13.6.2 Portable Card Machines
13.6.3 Mobile Card Machines
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Retail
13.10.2 Food and Beverage
13.10.3 Entertainment
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Card Payment Terminals Market: Competitive Dashboard
14.2 Global Card Payment Terminals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Square Terminal
14.3.2 NCR
14.3.3 Tokheim
14.3.4 Gilbarco Veeder-Root
14.3.5 Invenco Group
14.3.6 Verifone
14.3.7 Scheidt & Bachmann
14.3.8 KVSIO
14.3.9 Unixfor S.A.
14.3.10 Quest Payment Systems
14.3.11 Orpak Systems(Gilbarco)
14.3.12 HTEC Ltd
