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Global and United States Fuel & Convenience Store POS Market to Grow with a CAGR of 10.74% and 5.63% Respectively During 2021-2026; Market to Grow on Account of Growing Number of Convenience Stores Worldwide

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Research Nester published a report titled Global and United States Fuel & Convenience Store POS Market: Demand Analysis & Opportunity Outlook 2026” which delivers detailed overview of the global and United States fuel & convenience store POS market in terms of market segmentation by product, deployment, component, application, and by end-use.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global fuel & convenience store POS market is anticipated to grow with a CAGR of 10.74% over the forecast period, i.e., 2021 – 2026. The global and United States fuel & convenience store POS market is segmented on the basis of product fixed POS, mobile POS, and cloud POS, out of which, the fixed POS segment is expected to generate the largest revenue of USD 3683.4 Million by the end of 2026. Moreover, in the year 2020, the segment generated a revenue of USD 2148.8 Million, and is further anticipated to grow with a CAGR of 9.64% during the forecast period.

The global fuel & convenience store POS market is estimated to garner a revenue of USD 7263.6 Million by the end of 2026, up from a revenue of USD 3992.3 Million in the year 2020. Growing number of convenience stores worldwide, along with the growing sales of these stores, and the surge in cashless transactions are some of the major factors anticipated to drive the market growth. Moreover, the growing focus of the government of nations to focus on cashless transactions, is also expected to drive the growth of the market in the coming years.

In the United States, the fuel & convenience store POS market is expected to generate a revenue of USD 558.8 Million by the end of 2026, and further grow with a CAGR of 5.63% during the forecast period. Rising number of convenience stores in the country, and the increasing number of cashless transactions to contribute to the market growth.

Increasing Sales of Convenience Stores Globally to Drive Market Growth

The in-store sales of the United States convenience and fuel retailing industry in the year 2019 touched USD 251.9 Billion, according to the statistics by The Association for Convenience & Fuel Retailing (NACS). This was an increase by 4.4% from the previous year, where the recorded value was USD 242.2 Billion.

Owing to the increasing sales of convenience stores, there is a growing need amongst the store owners to deploy POS systems to enhance their effectiveness and for efficient transaction processes. Besides this, with the surge in the number of convenience stores, the need for these systems is expected to grow significantly, and in turn, contribute to the market growth.

However, the rising concerns for data privacy, and the technical challenges are expected to operate as key restraint to the growth of global and United States fuel & convenience store POS market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global and United States fuel & convenience store POS market which includes company profiling of Square, Inc., Fujitsu Limited, Bridge SMS Retail Solutions (AM/PM Systems Inc.), Clover Network, Inc., NCR Corporation, VeriFone, Inc., Gilbarco Inc., Oracle (MICROS), H&L POS, Petrosoft LLC, Shift4 Payments, LLC, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global and United States fuel & convenience store POS market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.


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