Updated Jan 18, 2023 12:08

Cash Register Market in Northern America

Market Overview
The North American cash register market surged to $ in , growing by % 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, consumption continues to indicate a moderate increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

In value terms, cash register production declined to $ in estimated in export price. In general, production recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. The level of production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.

The United States ( units) constituted the country with the largest volume of cash register production, comprising approx. % of total volume. Moreover, cash register production in the United States exceeded the figures recorded by the second-largest producer, Canada ( units), more than tenfold.

In the United States, cash register production expanded at an average annual rate of +% over the period from 2007-.


Consumption
In , consumption of cash registers increased by % to units, rising for the fifth year in a row after two years of decline. In general, consumption saw resilient growth. Over the period under review, consumption reached the maximum volume in and is likely to see gradual growth in the near future.

The value of the cash register market in Northern America soared to $ in , with an increase of % 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). Over the period under review, consumption continues to indicate notable growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.


Consumption by Country
The country with the largest volume of cash register consumption was the United States ( units), accounting for % of total volume. Moreover, cash register consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada ( units), more than tenfold.

In the United States, cash register consumption increased at an average annual rate of +% over the period from 2007-.

In value terms, the United States ($) led the market, alone. The second position in the ranking was held by Canada ($).

From 2007 to , the average annual growth rate of value in the United States stood at +%.

The countries with the highest levels of cash register per capita consumption in were the United States ( units per persons) and Canada ( units per persons).

From 2007 to , the biggest increases were recorded for Canada (with a CAGR of +%).


Market Forecast
The cash register market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to units by the end of .

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