Canadian POS Terminal Market – 2024

By Lee Holman Mar 8, 2024 3 Min Read

The Canadian retail industry is highly concentrated, with a small number of large chain stores clustered in shopping malls being the dominant players. Geographically, the retail industry is largely concentrated in the major urban centers of Toronto, Montreal, and Vancouver, mirroring the broader population and economic distribution across the country. Overall, the Canadian retail industry “looks” a lot like that of the US, but on a smaller scale. Likewise, the POS market. The larger and more successful retailers tend to focus on a seamless, convenient, unified commerce shopping experience.

Total Retail Sales: $6.0 Trillion, up 2.0% from 2022

Canadian POS Terminal Market – Country Overview

16^th Largest economy of all nations at $1.9 Trillion
8^th Largest retail market of all nations ($6.6 Trillion)
11^th Largest POS Installed Base of all nations
$17,646 per capita retail sales

Leading Retailers

Loblaw (#27 Worldwide), Empire Company (#51), Metro Inc., Canadian Tire, Home Hardware Stores, Aritzia, Lululemon Athletica, Save-On-Foods, Restaurant Brands International, Alimentation Couche Tard. .

Key Canadian POS Terminal Market Trends

The retail industry Canada’s largest private sector employer with some 2.7 million employees.
Technology ranges from nothing (a wallet or cash-box) to leading edge devices with extensive back-office, customer experience and supply chain capabilities. Large chains use a homogeneous POS suite to reduce initial capital outlay and ongoing maintenance costs. POS data drives their sophisticated supply chain systems.
Retail sales grew 30% for Canada over the past decade, compared to 62% for the United States, 35% for the United Kingdom, 19% for France and 25% for Germany.
Lululemon (9 EMEA countries, 6 APAC countries, 2 NA countries), Alimentation Couche Tard (12 EMEA and 1 APAC country) and Restaurant Brands International (over 100 countries) are among the most notable Canadian retailers who have foreign store operations.
Online sales account for 15% of all retail trade (the US’s figure is 15.6%, UK is 30.7%, Germany is 27.2%, France is 14.1%).

Key Canadian POS Terminal Market Size

2023 market was $755 Million and is expected to grow to $792 Million (4.9%, 1.0% CAGR ) by 2028.

Key POS Hardware Vendors/Key POS Software Vendors

Among the key POS hardware vendors in the Canadian POS market are Toshiba Global Commerce Solutions, Fujitsu, NCR Voyix, HP, and Oracle.
Key POS software vendors in the Canadian POS market include NCR Voyix, Oracle, ParTech, Xenial and Sweda.

IHL Studies for Canada States POS Terminal Market

2024 North America 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 North America 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