China POS Terminal Market – 2024

By Lee Holman Mar 10, 2024 3 Min Read

China is becoming one of the largest POS terminal markets in the world, and it offers significant growth potential. The demand for POS terminals in China is primarily driven by the increase in per capita GDP, which has led to a change in lifestyles and the rise of the middle class. This has resulted in a growing retail market and a shift from unorganized to organized retail, and hence the need for advanced retail systems.

Total Retail Sales: ¥48 Trillion ($6.9 Trillion), up 7.2% from 2022

China POS Terminal Market – Country Overview

Largest APAC economy $26.9 Trillion
Largest retail market in the region
Largest POS Installed Base in Asia-Pacific
$4,895 per capita retail sales

Leading Retailers

Suning Commerce (#58 worldwide), Vipshop (#67), Yonghui Superstores (#94), China Resources Vanguard (#119), Wumart (#154), Lao Feng Xiang (#165), Gome (#167), Shanghai Bailian (#227), Lianhua Supermarket Holdings, Wangfujing Group

Key China POS Terminal Market Trends

China’s developing economy currently faces significant structural constraints, including declining labor force growth, diminishing returns on investment, and slowing productivity growth.
Over the past decade, retail sales have grown 118%. This compares to 14% for Japan, 56% for Australia/New Zealand and 178% for India.
China’s retail market is highly fragmented and diversified, with a transformation that continues from unorganized to organized retail. China’s e-commerce sales make it the largest market in the world, accounting for some 45% of domestic retail sales.
Some of the Western retailers with a China presence include Walmart (352 stores) and Aldi (52). Restaurants include YUM Brands (~13,400), Starbucks (6,804), McDonald’s (~5,000), Subway (670) and Domino’s (~790).

Key China POS Terminal Market Size

2023 market was €215 Million and is expected to grow to €284 Million (32.4%, 5.8% CAGR ) by 2028.

Key POS Hardware Vendors/Key POS Software Vendors

Among the key POS hardware vendors in the Chinese POS market are NCR Voyix, Diebold Nixdorf, Oracle and Toshiba Global Commerce Solutions.
Key POS software vendors in the Chinese POS market include NCR Voyix, Diebold Nixdorf, Eurostop and Futura.

IHL Studies for China POS Terminal Market

2024 Asia-Pacific POS Terminal Market Study

This study includes market sizing, POS shipments, POS installed base and trends for the key APAC countries (China, Japan, Australia-New Zealand, etc) and the region as a whole.

Includes POS market share by software vendor by segment

Provides POS shipments and POS installed base by quarter for each retail segment for the APAC region.

2024 Asia-Pacific Retail Stores/POS Sizing by Retail Chain Size

Included in this study are Market Sizing by store locations and chain size for Asia-Pacific