UK POS Terminal Market – 2024

By Lee Holman Feb 15, 2024 3 Min Read

The UK POS Terminal Market is a diverse and vibrant tapestry, with a dynamic mixture of modern chains and systems and traditional High Street merchants. In spite of this, core retail tends to be fairly consolidated. The advent of online shopping has caused retailers to double-down on their Unified Commerce efforts. In addition, several retailers are leaders worldwide, and their influence extends beyond the UK’s borders. Thus, the POS installed base in those other countries often reflects the domestic UK POS installed base, in order to maintain support.

Total Retail Sales: £512 Billion ($636 Billion), up 3.6% from 2022

UK POS Terminal Market – Country Overview

3^rd Largest EMEA economy £2.4 Trillion ($3.1 Trillion)
Largest retail market in the region
5^th Largest POS Installed Base in Europe/Middle East/Africa
£7,344 ($9,346 USD) per capita retail sales

Leading Retailers

Tesco (#15 worldwide), J Sainsbury (#31), Asda (#37), Wm Morrison (#47), Kingfisher (#64), John Lewis (#80), Marks & Spencer (#81), Curry’s (#90), JD Sports Fashion (#108), Co-operative Group (#115), Associated British Foods (#160)

Key UK POS Terminal Market Trends

The retail industry is the UK’s largest private sector employer with 2.9 million employees.
The retail industry is heavily concentrated. To whit, only a handful of chains dominate most sectors (Curry’s in electronics, Kingfisher’s B&Q in DIY, Boots in drugstores). The food/grocery segment shows Tesco with 27% of the market, followed by Sainsbury (15%), Asda (14%) and Morrisons (9%). Further, the growth of German chains Aldi and Lidl, who together claim more than 1,900 stores and about 18% of the market between them, continues.
Retail sales grew 35% for the United Kingdom over the past decade, compared to 19% for France and 25% for Germany.
Top 4 retailers have approximately 66% of the food market, and these are mainly hyper- and supermarkets.
Online sales account for 30.7% of all retail trade (Germany’s figure is 27.2%, France 14.1% and the US 15.6%). As a result, this has had a devastating effect on retailers, especially department stores.

Key UK POS Terminal Market Size

2023 market was £335 Million and is expected to grow to £425 Million (26.8%, 4.9% CAGR ) by 2028.

Key POS Hardware Vendors/Key POS Software Vendors

Among the key POS hardware vendors in the UK POS market are Toshiba Global Commerce Solutions, NCR Voyix, Diebold Nixdorf, and Fujitsu.
Key POS software vendors in the UK POS market include Flood, Oracle, NCR Voyix, Diebold Nixdorf and Aptos.

IHL Studies for UK POS Terminal Market

2024 EMEA POS Terminal Market Study

This study includes market sizing, POS shipments, POS installed base and trends for the key EMEA countries (Germany, France, UK, 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 EMEA region.

2024 EMEA Retail Stores/POS Sizing by Retail Chain Size

Included in this study are Market Sizing by store locations and chain size for Europe/Middle East/Africa