Fuel and Convenience Store POS Market Size, Share and Forecast to 2031

Research Methodology – Fuel and Convenience Store POS Market

At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Fuel and Convenience Store POS Market comprises the following key stages:

Market Indicator & Macro-Factor Analysis

Our baseline thesis for the Fuel and Convenience Store POS Market is developed by integrating key market indicators and macroeconomic variables. These include:

1 Factors considered while calculating market size and share

The total number of fuel and convenience stores in a given geographical area.
Current and projected demand for fuel and convenience store point of sale (POS) systems.
The average spend on POS systems by fuel and convenience stores.
The frequency of updates and upgrades to POS systems in these stores.
Market penetration and popularity of various types of POS systems in these outlets.
The market share of different POS system manufacturers in the fuel and convenience store industry.

2 Key Market Indicators

The overall economic condition as it affects consumer spending at fuel and convenience stores.
The level of technological adoption and innovation in the retail sector, including fuel and convenience stores.
The rate of growth of the overall retail sector, and specifically fuel and convenience stores.
The rate of POS system replacements, which might indicate market saturation.
Market trends and customer preferences related to POS systems, such as the popularity of contactless payments and mobile wallets.

3 Growth Trends

Increasing adoption of POS systems in fuel and convenience stores as a tool for improving efficiency, tracking sales, and enhancing customer service.
Growth in the use of mobile wallet and contactless payment systems, which are often incorporated into modern POS systems.
The trend towards digital transformation in the retail sector, leading to the growth of smart POS systems.
The increasing popularity of cloud-based POS systems, driven by the benefits such as cost-effectiveness and scalability.
Growth in the number of fuel and convenience stores, particularly in developing economies, creating new markets for POS system providers.

Secondary Research

Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Fuel and Convenience Store POS Market. Key inputs include:

Company-Level Information

Annual reports, investor presentations, SEC filings
Company press releases and product launch announcements
Public executive interviews and earnings calls
Strategy briefings and M&A updates

Industry and Government Sources

Country-level industry associations and trade bodies
Government dossiers, policy frameworks, and official releases
Whitepapers, working papers, and public R&D initiatives
Relevant Associations for the Fuel and Convenience Store POS Market

Market Intelligence Sources

Broker reports and financial analyst coverage
Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
Import/export trade data and tariff databases
Sector-specific journals, magazines, and news portals

Macro & Consumer Insights

Global macroeconomic indicators and their cascading effect on the industry
Demand–supply outlook and value chain analysis
Consumer behaviour, adoption rates, and commercialization trends

Primary Research

To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:

Expert Insights & KOL Engagements

Key Opinion Leader (KOL) Engagements
Structured interviews with executives, product managers, and domain experts
Paid and barter-based interviews across manufacturers, distributors, and end-users

Focused Discussions & Panels

Discussions with stakeholders to validate demand-supply gaps
Group discussions on emerging technologies, regulatory shifts, and adoption barriers

Data Validation & Business POV

Cross-verification of market sizing and forecasts with industry insiders
Capturing business perspectives on growth opportunities and restraints

Data Triangulation & Forecasting

The final step of our research involves data triangulation ensuring accuracy through cross-verification of:

Demand-side analysis (consumption patterns, adoption trends, customer spending)
Supply-side analysis (production, capacity, distribution, and market availability)
Macroeconomic & microeconomic impact factors

Forecasting is carried out using proprietary models that combine: