According to the recent research report titled ‘Payment Machine Mounting Systems Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type; End Users’, available with Market Study Report, global payment machine mounting systems market was worth USD 260.19 million in 2019 and is expected to amass USD 413.35 million by the year 2027, registering a y-o-y growth rate of 6.5% during 2020-2027.
 

Global payment machine mounting systems market is majorly driven by booming hospitality sector and increasing number of retail outlets. There has been an increase in installation of payment machine mounting systems like cash drawers, trays, and adaptors, on account of widespread adoption of POS solutions in hospitality, healthcare, and retail sectors. Surging number of restaurants, pubs, and hospitals across the world is responsible for the expansion of payment machine mounting systems market.
 

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Retail companies with significant online existence are expanding their reach by setting up physical stores. Changing lifestyle and eating habits has led to rise in number of pubs and restaurants globally. Surging construction of hospitals is driving the penetration of mounting systems and POS solutions.
 

As per WHO, countries such as Russia, China, Iran, Turkey, UK, Germany, France, Italy, Spain, and the US are majorly affected by COVID-19 outbreak. The pandemic will have drastic adverse impact on global economy in 2020 & 2021. Federal measures such as border lockdowns, trade disruptions, travel bans, and factory shutdowns are plummeting the manufacturing and sales of several consumer products & components. Uncertainty in electronics & semiconductor industry will hamper the growth of payment machine mounting system market.
 

Speaking of type, POS mount segment held a major market share in 2019. Such systems are made to work with user’s hardware. POS mount can be integrated with monitors with size ranging from 7 to 12 inch & 23 to 29 inch. These systems guard the display as well as maximize the counter space.
 

From a regional perspective, North America dominated global payment machine mounting systems market in the year 2019, followed by Asia Pacific and Europe. The growth is majorly credited to escalating demand for card-based payments and increasing number of hospitals, retail stores, restaurants, bars, and hotels in the region. Usage of mobile & tablet POS across retail stores will boost the demand for POS system mounting stands, while bars, restaurants, and hospitals use terminal POS fostering the sales of drive extension arm payment mounts.
 

Major contenders in global payment machine mounting systems market are TechPole Solutions, Atdec Pty Ltd., Lumi Legend Corporation, Innovative Office Products LLC, HPC System Ltd., Ergonomic Solutions Inc., ENS Co., MMF POS, Diwei Industrial Co. Ltd., and Apollo Electronics Co. Ltd.