Cash Register Market

The article provides an in-depth analysis of the global cash register market from 2022 to 2030, projecting trends in consumption volume and value, production, imports, and exports. Key highlights include the expected market volume of 48M units by 2030, an increase in consumption by 23% in 2022 after a two-year decline, and a surge in the global cash register market size to $8.3B. The report also focuses on major consuming and producing countries such as the United States, China, and Hungary, as well as trends in import and export prices.

Market Forecast

Driven by increasing demand for cash registers worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market volume to 48M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market value to $11.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Cash Registers

After two years of decline, consumption of cash registers increased by 23% to 41M units in 2022. Overall, the total consumption indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.

The global cash register market size surged to $8.3B in 2022, rising by 22% 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). In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.5% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The United States (8.1M units) constituted the country with the largest volume of cash register consumption, comprising approx. 20% of total volume. Moreover, cash register consumption in the United States exceeded the figures recorded by the second-largest consumer, Hungary (3.7M units), twofold. India (2.5M units) ranked third in terms of total consumption with a 6.1% share.

In the United States, cash register consumption increased at an average annual rate of +7.2% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: Hungary (+56.9% per year) and India (+7.4% per year).

In value terms, the largest cash register markets worldwide were the United States ($1.5B), Hungary ($924M) and Japan ($810M), with a combined 39% share of the global market.

Hungary, with a CAGR of +55.9%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of cash register per capita consumption was registered in Hungary (382 units per 1000 persons), followed by Italy (29 units per 1000 persons), the United States (24 units per 1000 persons) and the UK (23 units per 1000 persons), while the world average per capita consumption of cash register was estimated at 0.1 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the cash register per capita consumption in Hungary totaled +57.3%. In the other countries, the average annual rates were as follows: Italy (+11.3% per year) and the United States (+6.3% per year).

Production

World Production of Cash Registers

Global cash register production skyrocketed to 44M units in 2022, increasing by 18% compared with the year before. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +23.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 19% against the previous year. Global production peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, cash register production declined modestly to $5.9B in 2022 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -18.5% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 22%. As a result, production attained the peak level of $7.3B. From 2019 to 2022, global production growth remained at a lower figure.

Production By Country

China (25M units) remains the largest cash register producing country worldwide, comprising approx. 55% of total volume. Moreover, cash register production in China exceeded the figures recorded by the second-largest producer, Hungary (4M units), sixfold. Taiwan (Chinese) (1.9M units) ranked third in terms of total production with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +8.1%. The remaining producing countries recorded the following average annual rates of production growth: Hungary (+47.4% per year) and Taiwan (Chinese) (+17.5% per year).

Imports

World Imports of Cash Registers

In 2022, the amount of cash registers imported worldwide surged to 30M units, growing by 34% on the year before. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +125.6% against 2013 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cash register imports soared to $5.2B in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.3% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, the United States (7.3M units) was the main importer of cash registers, achieving 24% of total imports. India (2.1M units) held a 7.1% share (based on physical terms) of total imports, which put it in second place, followed by Italy (6.1%) and the UK (5%). Hong Kong SAR (1,105K units), France (1,032K units), Spain (971K units), Russia (836K units), the Netherlands (760K units), Turkey (749K units), Argentina (742K units), Canada (715K units) and Mexico (596K units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cash register imports into the United States stood at +11.1%. At the same time, India (+34.4%), Russia (+30.6%), the Netherlands (+19.5%), Argentina (+17.5%), Italy (+12.2%), Canada (+9.4%), France (+8.4%), Spain (+7.1%), the UK (+5.9%), Hong Kong SAR (+4.4%), Turkey (+2.2%) and Mexico (+1.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +34.4% from 2012-2022. From 2012 to 2022, the share of India, the United States, Russia, Italy and the Netherlands increased by +6.2, +5.4, +2.3, +1.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($1.3B) constitutes the largest market for imported cash registers worldwide, comprising 26% of global imports. The second position in the ranking was held by the UK ($340M), with a 6.6% share of global imports. It was followed by Italy, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +10.9%. The remaining importing countries recorded the following average annual rates of imports growth: the UK (+8.3% per year) and Italy (+11.5% per year).

Import Prices By Country

In 2022, the average cash register import price amounted to $171 per unit, falling by -2.2% against the previous year. Overall, the import price recorded a mild descent. The pace of growth appeared the most rapid in 2014 an increase of 3.3% against the previous year. As a result, import price attained the peak level of $207 per unit. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($293 per unit), while India ($72 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.2%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Cash Registers

In 2022, global cash register exports skyrocketed to 34M units, rising by 26% compared with the year before. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. The global exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, cash register exports surged to $5B in 2022. In general, exports recorded a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports By Country

China prevails in exports structure, recording 23M units, which was approx. 67% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (2.1M units), generating a 6.2% share of total exports. Brazil (1,245K units), Belgium (794K units), Mexico (731K units), the Netherlands (695K units), South Korea (578K units) and Hungary (529K units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cash register exports from China stood at +12.5%. At the same time, Mexico (+48.3%), the Netherlands (+27.7%), Belgium (+25.2%), Hungary (+20.8%), Brazil (+18.2%), Taiwan (Chinese) (+14.5%) and South Korea (+5.7%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +48.3% from 2012-2022. From 2012 to 2022, the share of China, Taiwan (Chinese), Mexico, Brazil, Belgium and the Netherlands increased by +16, +2.2, +2.1, +2, +1.7 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($2.5B) remains the largest cash register supplier worldwide, comprising 49% of global exports. The second position in the ranking was held by Taiwan (Chinese) ($441M), with an 8.8% share of global exports. It was followed by Hungary, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +14.2%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+13.6% per year) and Hungary (+12.3% per year).

Export Prices By Country

In 2022, the average cash register export price amounted to $148 per unit, surging by 2.3% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 7%. As a result, the export price attained the peak level of $166 per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hungary ($572 per unit), while Belgium ($28 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.7%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform