Global and United States Fuel & Convenience Store POS Market TOC
- Market Definition
- Definition
- Segmentation
- Assumptions and Acronyms
- Research Methodology
- Research Process
- Primary Research
- Secondary Research
- Market Size Estimation
- Executive Summary – Global Fuel and Convenience Store POS Market
- Market Dynamics
- Market Drivers
- Market Trends
- Key Market Opportunities
- Major Roadblocks for the Market Growth
- Regulatory and Standards Landscape
- Industry Risk Analysis
- Industry Growth Outlook
- Feature Analysis
- Competitive Positioning
- Cloud Based (SaaS) vs Traditional (Non-SaaS) Cost Analysis – 2020
- Competitive Landscape
- Market Share Analysis, 2020
- Global Market Share Analysis
- United States Market Share Analysis
- Competitive Benchmarking
- Company Profiles
- 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
- Market Share Analysis, 2020
- Global Fuel and Convenience Store POS Market 2020-2026
- Market Overview
- By Value (USD Million)
- By Volume (Thousand Units)
- Global Fuel and Convenience Store POS Market – Segmentation Analysis 2020-2026
- Product
- Fixed POS, 2020-2026F (USD Million) (Thousand Units)
- Mobile POS, 2020-2026F (USD Million) (Thousand Units)
- Cloud POS, 2020-2026F (USD Million) (Thousand Units)
- Deployment
- Traditional (Non-SaaS), 2020-2026F (USD Million) (Thousand Units)
- Cloud-Based (SaaS), 2020-2026F (USD Million) (Thousand Units)
- Component
- Hardware, 2020-2026F (USD Million) (Thousand Units)
- Software, 2020-2026F (USD Million) (Thousand Units)
- Services, 2020-2026F (USD Million) (Thousand Units)
- Managed Services, 2020-2026F (USD Million) (Thousand Units)
- Professional Services, 2020-2026F (USD Million) (Thousand Units)
- Application
- Inventory Management, 2020-2026F (USD Million) (Thousand Units)
- Cash Management, 2020-2026F (USD Million) (Thousand Units)
- Operations Management, 2020-2026F (USD Million) (Thousand Units)
- Reporting and Analytics, 2020-2026F (USD Million) (Thousand Units)
- Others, 2020-2026F (USD Million) (Thousand Units)
- End-Use
- Fuel Stations, 2020-2026F (USD Million) (Thousand Units)
- Convenience Stores, 2020-2026F (USD Million) (Thousand Units)
- Product
- United States Fuel and Convenience Store POS Market – Segmentation Analysis 2020-2026
- Market Overview
- By Value (USD Million)
- By Volume (Thousand Units)
- Segmentation Analysis By:
- Product
- Fixed POS, 2020-2026F (USD Million) (Thousand Units)
- Mobile POS, 2020-2026F (USD Million) (Thousand Units)
- Cloud POS, 2020-2026F (USD Million) (Thousand Units)
- Deployment
- Traditional (Non-SaaS), 2020-2026F (USD Million) (Thousand Units)
- Cloud-Based (SaaS), 2020-2026F (USD Million) (Thousand Units)
- Component
- Hardware, 2020-2026F (USD Million) (Thousand Units)
- Software, 2020-2026F (USD Million) (Thousand Units)
- Services, 2020-2026F (USD Million) (Thousand Units)
- Managed Services, 2020-2026F (USD Million) (Thousand Units)
- Professional Services, 2020-2026F (USD Million) (Thousand Units)
- Application
- Inventory Management, 2020-2026F (USD Million) (Thousand Units)
- Cash Management, 2020-2026F (USD Million) (Thousand Units)
- Operations Management, 2020-2026F (USD Million) (Thousand Units)
- Reporting and Analytics, 2020-2026F (USD Million) (Thousand Units)
- Others, 2020-2026F (USD Million) (Thousand Units)
- End-Use
- Fuel Stations, 2020-2026F (USD Million) (Thousand Units)
- Convenience Stores, 2020-2026F (USD Million) (Thousand Units)
- Product
Global Fuel & Convenience Store POS Market Size, Forecast and Trend Highlights Over 2025-2037
Fuel & Convenience Store POS Market size was USD 5 billion in 2024 and is projected to reach USD 13 billion by the end of 2037, expanding at a CAGR of 8% during the forecast period, i.e., 2025-2037. In 2025, the industry size of fuel & convenience store POSs is estimated at USD 6 billion.
The supply chain of the fuel and convenience store industry is varied, highlighting activities including refining and drilling, downstream retail operations, and midstream logistics, including pipelines and storage. Currently, there is prominent involvement of major companies such as Exxon and Chevron as they operate fuel networks that have complex supply chains to deliver the fuel product from extraction to the final consumer.
This fuel & convenience store POS market is highly fragmented in the U.S., where most of the convenience and fuel retailing businesses are individually owned. More specifically, 61% of stores are single-unit stores, which means that 76% of the stores are owned by business entities operating ten or fewer outlets. Altogether, over 2.5 million workers operated in the industry, and the combined sales were around $907 billion in 2022 and around 166 million daily transactions. Below is the table highlighting the pricing indices and trade of the fuel & convenience store POS market:
|
Category |
Key Data |
|
PPI |
Use IT/retail system PPI; BLS sources |
|
CPI |
West CPI-U +2.3% YoY; Energy −4.4% (Mar 2025) |
|
Tech Investments |
POS spend up; lower compute cost boosts analytics & integration |
|
Trade & Assembly |
Global sourcing; system integration store-specific |
Fuel & Convenience Store POS Market: Growth Drivers and Challenges
Growth Drivers
- Shift towards cloud-based POS solutions: Cloud-based POS systems are becoming more prevalent across the globe due to their scalability, low costs, and remote accessibility. In the U.S., the Federal Communications Commission’s Broadband Equity, Access, and Deployment (BEAD) Program, with $43 billion in funding, ensured a broad adoption and connectivity of cloud infrastructure in the retail sector. The National Telecommunications and Information Administration’s report shows that more than 2.5 million establishments had adopted cloud POS platforms by 2023. Such systems cut down the utilization of hardware assets, are capable of real-time analysis, and also support multi-site operation effectively. Such developments are accelerating the fuel & convenience store POS market growth.
- Expansion of contactless and mobile payment options: The behavioral transitions of the users are driving contactless, as well as mobility in payment mechanisms, as part of the competencies of the modern POS solutions. The Federal Reserve released its Payment Study 2023, stating that about 78% of the card-present transactions made in the U.S. were contactless and digital wallet. According to the Infocomm Media Development Authority (IMDA) in Singapore, mobile wallet use increased by 65% from 2020 to 2023, mostly for easy and fast-moving consumer goods purchases. Currently, the POS terminals can connect with the cloud and can have NFC options, QR code scanning, and biometric authentication. Consequently, with millions of consumers adopting digital payment, the retailers are shifting gears and optimizing their channels.
Major Technological Innovations in the Fuel & Convenience Store POS Market
The fuel & convenience store POS market is experiencing a shifting trend across the globe, due to technological innovations. The surge in technologies such as AI, cloud, and contactless payments is reorganizing the customer experiences and efficiency in operations. The integration of AI allows for real-time inventory tracking and interaction with clients, while cloud POS offers centralized control across various locations at a time. The table below highlights the technologies, their adoption by industry, and real-world examples:
|
Trend |
Industry Adoption |
Example |
|
AI-Powered POS Systems |
Wesco reduced transaction times to 18.8 seconds |
Mashgin AI kiosks improved checkout speed |
|
Cloud-Based POS Solutions |
53% of firms use cloud POS for real-time access |
Enhanced control and efficiency via centralized systems |
|
Contactless Payment Adoption |
61% of POS platforms support contactless features |
Retailers use NFC/QR for faster payments |
|
Mobile POS (mPOS) Deployment |
Broad shift to mobile POS for transaction flexibility |
Businesses improve service via mobile-enabled systems |
Sustainability Initiatives in the Fuel & Convenience Store POS Market
The fuel & convenience store POS industry is focusing more on the positive impact within POS companies for carbon reduction and energy efficiency. Companies are significantly leveraging renewable energy, including the installation of solar panels and investments in community solar gardens. The table below indicates companies, their sustainability initiatives, goals, and business impact:
|
Company |
Sustainability Initiatives |
|
Casey's General Stores |
1,409 solar panels generating ~1,701 kWh/day; solar offsets at 46 stores (26–100%); 90% renewable fuel sales; 171 EV stations in 38 locations |
|
7-Eleven |
27% electricity from renewables (U.S./Canada, FY2022); implemented LED lighting, energy management systems |
|
President Chain Store Corporation (PCSC) |
0.9% EUI reduction (2023); 116.7M kWh saved; 52,883 metric tonnes COâ‚‚e reduced |
Impact of AI and ML on Key Players in the Fuel & Convenience Store POS Market
AI/ML is now transforming the fuel & convenience store point-of-sale industry, in terms of improving the products’ development and reducing work trouble. It is evident that these technologies are being used to speed up product design and development, and also to drive down the cost of the products. For instance, it reduces time-to-market by using AI in generating simulations, such as developing prototypes. The table below outlines the implementation of AI and ML in fuel and convenience store POS:
|
Company |
AI & ML Integration |
Outcome |
|
Wesco |
AI-powered Mashgin self-checkout kiosks |
Transaction time ↓ to 19 sec |
|
Unnamed Retail Chain (Allkenso) |
AI for forecasting, inventory, logistics |
Supply costs ↓36%, forecast accuracy ↑91%, logistics ↓29% |
|
Polish Store Chain (DLabs.AI) |
ML for sales forecasting (8,110 stores) |
Food waste ↓, revenue ↑ |
|
Walmart |
AI in routing and inventory |
95M lbs COâ‚‚ avoided, 32M miles eliminated |
|
Cisco Systems |
AI inventory management |
Inventory costs ↓33%, supply efficiency ↑27% |
Challenge
- Infrastructure readiness in emerging markets: Poor infrastructure is a major challenge for the growth of POS systems in various emerging fuel & convenience store POS markets. Disrupted internet connection, inconsistent power supply, and skilled IT human capital are some of the factors that have slowed the uptake of new retail technologies. Hence, many retail stores in rural and semi-urban areas still use or have outdated and or manual systems in place. This brings a digital divide in the implementation of POS’s and limits the growth of better inventory management and payment methods. The lack of structural development also hinders regional companies in the process of upgrading their operation, and the overall fuel & convenience store POS market development and technology advancement of the fuel and convenience retail domain.
- Complexity of software compatibility: The POS software continues to face compatibility issues with the numerous payment gateways, types and kinds of hardware, and rules or regulations existing in the fuel & convenience store POS market. Thus, IT solutions integrate legacy approaches and mechanisms with innovative tendencies such as contactless payments and cloud services. This brings in the problem of having to update frequently due to data protection laws and other payment industry regulations. These requirements cause slow rollouts and increased risks of technical challenges likely to be encountered during the deployment of the products. These compatibility issues result in disruption of services, a decrease in the efficiency of the systems used, and increased costs of doing business, which in turn hamper the integration and implementation of POS technologies.
Fuel & Convenience Store POS Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
8% |
|
Base Year Market Size (2024) |
USD 5 billion |
|
Forecast Year Market Size (2037) |
USD 13 billion |
|
Regional Scope |
|
Fuel & Convenience Store POS Segmentation
Application (Operations Management, Cash Management, Inventory Management, Reporting & Analytics)
The inventory management segment is expected to account for the largest revenue share of 32% in the fuel & convenience store POS market between 2025 and 2037. This growth is driven by the use of AI, cloud, computing, and IoT for sensors that offer real-time stock visibility, cut down the wastage, and auto-reorder. According to the National Telecommunications and Information Administration (NTIA) in the United States, over 2.2 million businesses have received federal ICT funding by 2023, which is propelling the demand for POS based inventory digitization. Likewise, the Indian Ministry of Electronics and IT (MeitY) estimated an increased use of AI for inventory management systems in the next three years by 41% from 2020 to 2023. They are crucial for fuel and retail operatives for managing working capital optimally, as well as reducing the shrinkage of fast-moving consumer goods.
End use (Fuel Stations, Convenience Stores)
The convenience stores segment in fuel & convenience store POS market are likely to hold the largest share of 54% by 2037, due to the large number of fast and effective facilities, a broad selection of offered products, and customer expectations for efficient service. The Ministry of Economy, Trade and Industry in Japan reported that gross sales through convenience stores amounted to USD 76.2 billion in March 2024, with the advanced POS digitalization in the country. The Malaysia Digital Economy Corporation further revealed that the country experienced a doubling of expansion in digital POS in the urban convenience formats between 2018 and 2023. Such developments are all set to increase the speed of the checkout process, synchronization of inventory data, and cross-selling and fulfilment, resulting in a comprehensive ecosystem for retailers.
Our in-depth analysis of the fuel & convenience store POS market includes the following segments:
|
Segment |
Subsegment |
|
Component |
|
|
Application |
|
|
End use |
|
Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Fuel & Convenience Store POS Industry: Regional Scope
North America Market Statistics
The North America fuel & convenience store POS market is expected to have the highest revenue share of 40% in 2037 as the region has strong digital networks, investments in the provision of broadband by federal governments, and fast-paced adoption of retail automation. The number of households obtaining digital services also increased by 2.7 million from 1.9 million in the previous year, owing to the increased government subsidies and policies. The government bodies in Canada, such as Innovation, Science and Economic Development Canada and the Canadian Radio-television and Telecommunications Commission, have encouraged POS implementation through the ICT innovation fund and the Universal Broadband Fund (UBF), which was granted around $3.4 billion to support high-speed accessibility across the country. Such developments are improving the mechanisms of fraud detection in fuel and convenience retailing.
The fuel & convenience stores POS market in the U.S. is growing at a fast pace through the increase in ICT investment, change in customer payment trends, and enhancement of the infrastructure. The FCC and NTIA have been very active in the push towards POS modernization by increasing internet access and digital bandwidth. The FCC’s Emergency Connectivity Fund of $7.3 billion also aided small retailers in the integration of digital investments, including mobile point of sale devices and contactless payments. To manage inventories and reduce cases of fraud, integrated POS solutions enhanced by the application of AI are being incorporated. The market is also backed by separate policies for the security of electronic transactions at the policy level, based on the NIST Cybersecurity Framework for the retail ICT systems.
APAC Market Forecasts
The Asia-Pacific fuel & convenience store POS market is expected to occupy 31% of the global market by 2037 due to government ICT infrastructure development, increasing use of technology in the retail sector, and the use of AI and IoT in payment systems. The governments are emphasizing efficient and effective financial productivity in the retail sector through investments in broadband, cloud technology, and smart retail frameworks. According to the Ministry of Electronics and Information Technology (MeitY) in India, the government expenditure on POS was $972 million in 2015, and it rose to $1.4 billion in 2023. Japan, South Korea, and Malaysia are also enhancing POS using smart city programs in conjunction with retail automation subsidies. Sales for the convenience stores in Japan reached $75.6 billion in 2024 due to the prominent use of technologies and digital payments.
The China fuel & convenience store POS market is growing at a steady pace, attributed to the governmental focus on ICT and digital commerce solutions. In 2023, the ICT investment in China accounted for around $462 billion, for smart retail and digital payment, such as POS technologies. According to the China Academy of Information and Communications Technology (CAICT), the number of POS terminals used in business establishments, especially in urban and rural retail outlets, was higher in 2023, with 1.3 million business establishments adopting POS terminals in 2023, compared to the previous five years. The Ministry also noted that 93% of point of sale or POS terminals in retail convenience stores in Tier 1 and Tier 2 cities were of digital form in 2023 due to centralized policies for cashless retail and smart city developments. Such developments are boosting the confidence of customers while expanding the market space.
Companies Dominating the Fuel & Convenience Store POS Landscape
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The global fuel & convenience store POS market is dominated by major players from countries, including Japan and the U.S. Companies are leading with advanced POS solutions and extensive global reach, and are gaining traction with Android-based POS terminals. They are expanding their presence by offering cost-effective and localized solutions, contributing to a dynamic and competitive market landscape. Here are the key players operating in the fuel & convenience store POS market:
|
Company Name |
Country of Origin |
Revenue Share 2024 |
|
NCR Corporation |
U.S. |
31.2% |
|
Diebold Nixdorf Incorporated |
U.S. |
24.0% |
|
Toshiba Global Commerce Solutions |
Japan |
19.8% |
|
Verifone Systems, Inc. |
U.S. |
13.5% |
|
Ingenico Group (Worldline) |
France |
9.7% |
|
PAX Technology Limited |
China |
XX% |
|
Posiflex Technology, Inc. |
Taiwan |
XX% |
|
SZZT Electronics Co., Ltd. |
China |
XX% |
|
EPoS Systems Pty Ltd |
Australia |
XX% |
|
Posibolt Solutions Pvt. Ltd. |
India |
XX% |
|
StoreHub Sdn Bhd |
Malaysia |
XX% |
|
Panasonic Corporation |
Japan |
XX% |
|
NEC Corporation |
Japan |
XX% |
|
Fujitsu Limited |
Japan |
XX% |
|
Casio Computer Co., Ltd. |
Japan |
XX% |
Below are the areas covered for each company in the fuel & convenience store POS market:
Recent Developments
- In January 2025, Verifone rolled out its Victa portfolio, with PCI 7-enabled devices and Qualcomm processors with Android 14 readiness. In addition, it introduced Verifone Tap as a SoftPOS solution that provides NFC payments from smart devices
- In January 2024, Curby’s Express Market (Lubbock, Texas) implemented a tablet-based line-busting system integrated with NCR Radiant POS, allowing customers to place made-to-order food orders with the help of tablets and complete transactions at self-checkout kiosks.
- Report ID: 3669
- Published Date: May 14, 2025
- Report Format: PDF, PPT
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