World - Cash Registers - Market Analysis, Forecast, Size, Trends and Insights
Global Cash Register Market 2019 - Key Insights
IndexBox has just published a new report, the World - Cash Registers - Market Analysis, Forecast, Size, Trends and Insights. Here is a summary of the report's key findings.
The global cash register market revenue amounted to $6.2B in 2017, rising by 5.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, cash register consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, with an increase of 7.8% year-to-year. Global cash register consumption peaked at $6.6B in 2009; however, from 2010 to 2017, consumption stood at a somewhat lower figure.
In 2017, the amount of cash registers produced worldwide amounted to 34M units, declining by -3.6% against the previous year. The total output volume increased at an average annual rate of +1.4% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years.
Cash Register Exports
In 2017, the global cash register exports totaled 17M units, dropping by -7.7% against the previous year. Overall, cash register exports continue to indicate a remarkable growth. The growth pace was the most rapid in 2010, with an increase of 32% against the previous year. Global exports peaked at 18M units in 2016, and then declined slightly in the following year.
In value terms, cash register exports stood at $2.7B (IndexBox estimates) in 2017. Overall, the total exports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, the cash register exports increased by +37.2% against 2013 indices. Global exports peaked in 2017, and are likely to continue its growth in the near future.
Exports by Country
China was the main exporter of cash registers in the world, with the volume of exports reaching 8.4M units, which was approx. 49% of total exports in 2017. Malaysia (2.9M units) ranks second in terms of the global exports with a 17% share, followed by Singapore (8.9%). The U.S. (515K units), Taiwan, Chinese (450K units), Italy (345K units) and South Korea (326K units) held the weak share of total exports.
From 2007 to 2017, average annual rates of growth with regard to cash register exports from China stood at +13.0%. At the same time, Malaysia (+24.1%), Italy (+16.2%), Taiwan, Chinese (+12.4%) and Singapore (+5.6%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest growing exporter in the world, with a CAGR of +24.1% from 2007-2017. By contrast, the U.S. (-1.5%) and South Korea (-6.4%) illustrated a downward trend over the same period. While the share of South Korea (1.8%) increased significantly in terms of the global exports from 2007-2017, the share of Italy (-1.6%), Taiwan, Chinese (-1.8%), Singapore (-3.7%), Malaysia (-15.2%) and China (-34.8%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($1B) remains the largest cash register supplier worldwide, comprising 37% of global exports. The second position in the ranking was occupied by the U.S. ($340M), with a 13% share of global exports. It was followed by Malaysia, with a 6.6% share.
Export Prices by Country
The average cash register export price stood at $158 per unit in 2017, going up by 18% against the previous year. In general, the cash register export price continues to indicate a temperate reduction.
Export prices varied noticeably by the country of destination; the country with the highest export price was the U.S. ($660 per unit), while Malaysia ($60 per unit) was amongst the lowest.
From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Korea (+4.8% per year), while the other global leaders experienced mixed trends in the export price figures.
Cash Register Imports
Global imports stood at 17M units in 2017, declining by -9.4% against the previous year.
In value terms, cash register imports totaled $3.1B (IndexBox estimates) in 2017. The total import value increased at an average annual rate of +2.7% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global cash register imports reached their peak figure at $3.3B in 2016, and then declined slightly in the following year.
Imports by Country
In 2017, the U.S. (2.8M units) and Singapore (1.9M units) represented the largest importers of cash registers in the globe, together constituting 28% of total imports. Italy (984K units) ranks second in terms of the global imports with a 5.8% share, followed by the UK (5.6%). Russia (720K units), India (685K units), China, Hong Kong SAR (657K units), Japan (560K units), Germany (540K units), Iran (512K units), Turkey (434K units) and France (405K units) took the minor share of total imports.
From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+27.9% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($580M) constitutes the largest market for imported cash registers worldwide, comprising 19% of global imports. The second position in the ranking was occupied by Japan ($170M), with a 5.5% share of global imports. It was followed by the UK, with a 5.1% share.
Import Prices by Country
In 2017, the average cash register import price amounted to $183 per unit, jumping by 4.4% against the previous year. Overall, the cash register import price continues to indicate a slight deduction.
Import prices varied noticeably by the country of destination; the country with the highest import price was France ($307 per unit), while Singapore ($52 per unit) was amongst the lowest.
From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by France (+3.5% per year), while the other global leaders experienced more modest paces of growth.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global cash register market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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