Market Overview:
The global bill counters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automated counting solutions and the rising incidence of counterfeiting activities. The other type segment is expected to grow at a higher CAGR than other segments during the forecast period, owing to the increasing demand for intelligent counting cum counterfeit detection machines that offer advanced features such as currency identification, denomination recognition, and others. In terms of application, BFSI is expected to hold the largest share of the global bill counters market in 2018. This can be attributed to factors such as increased adoption of automated counting solutions by banks and financial institutions for efficient processing of transactions and reducing costs associated with manual operations.
Product Definition:
A bill counter is a machine that counts money. It is important to use a bill counter because it can help to speed up the process of counting money and it can also help to ensure accuracy.
Basic Note Counters:
Basic Note Counters is a device that is used to record the details of payment transactions. It's major applications are in retail and hospitality industries. The product helps to reduce manual errors, increase speed & accuracy while processing payments and provides better customer experience by providing real-time payment validation.
The global basic note counters market size was valued at USD 637.1 million in 2016.
Hi Speed Heavy Duty Cash Countings:
The high-speed heavy-duty cash counting machines are used to count the exact amount of money in a currency transaction. These machines have accurate counts and provide fast turnaround time, which is an important factor for banks that deal with large volumes of transactions every day. The HSHD cash counters are highly reliable as they use advanced electronic components and innovative software solutions to deliver precise results.
These devices help reduce labor costs by up to 50% while improving accuracy.
Application Insights:
The transportation segment is expected to emerge as the fastest-growing application, registering a CAGR of XX% over the forecast period owing to an increase in counterfeit currency seizures and other cases related to frauds involving high-value items such as luxury watches and jewelry. The introduction of advanced security features including RFID technology has helped improve the safety of transportation bills in circulation but have also created new opportunities for market players engaged in anti-counterfeiting activities.
The BFSI sector accounted for more than 35% share on account of increasing use of cashless payment systems which are being opposed by criminals using fake banknotes with similar magnetic properties used for counterfeiting purposes at a cheaper cost. In order to curb this menace, several government bodies have issued guidelines regarding usage of these machines while making purchases with value higher than USD 5,000 from ecommerce platforms or via wire transfer at banks.
Regional Analysis:
Asia Pacific dominated the global bill counters market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing cases of counterfeit currency printing, which is one of the key factors driving demand for these machines. In addition, growing retail industry and rapid urbanization are also contributing towards growth in this region.
The Asia Pacific market was followed by Europe with a share of over 20%. North America held a small share owing to lack of awareness regarding these machines among retailers as compared to other regions. However, it is anticipated that demand for such cash counting machines will increase due to their benefits over others such as human error & frauds, etc., especially in U.S., Canada & Mexico during upcoming Olympics Games 2020 at Tokyo (Japan).
Growth Factors:
- Increasing demand for currency counting machines from small businesses and retail stores due to the increasing popularity of cashless transactions.
- The growing awareness about the benefits of using currency counting machines, such as reducing the time taken to count money and eliminating errors in manual counting.
- The increasing demand for counterfeit detection features in currency counting machines due to the rising incidence of counterfeiting activities worldwide.
- The development of new technologies that make currency counting faster and more accurate, thereby boosting demand for these machines.
- Growing investments by banks and other financial institutions in automated teller machines (ATMs) that include bill counters, which is expected to boost sales growth of bill counters in the coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Bill Counters Market Research Report
By Type
Basic Note Counters, Hi Speed Heavy Duty Cash Countings, Intelligent Counting Cum Counterfeit Detection Machines, Other
By Application
BFSI, Supermarket & Shopping Mall, Store, Fuel Stations, Transportation, Other
By Companies
Maxsell, Giesecke & Devrient, Glory Global Solutions, Cummins-Allison, Royal Sovereign International, BILLCON, GRGBanking, Toshiba, Innovative Technology, Crane Payment Innovations, Cassida Corporation, Accubanker, DRI Mark, Fraud Fighter, Semacon Business Machines, KANG YI, DE LI, GOOAO, WeiRong, Philips
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Bill Counters Market Report Segments:
The global Bill Counters market is segmented on the basis of:
Types
Basic Note Counters, Hi Speed Heavy Duty Cash Countings, Intelligent Counting Cum Counterfeit Detection Machines, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Supermarket & Shopping Mall, Store, Fuel Stations, Transportation, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Maxsell
- Giesecke & Devrient
- Glory Global Solutions
- Cummins-Allison
- Royal Sovereign International
- BILLCON
- GRGBanking
- Toshiba
- Innovative Technology
- Crane Payment Innovations
- Cassida Corporation
- Accubanker
- DRI Mark
- Fraud Fighter
- Semacon Business Machines
- KANG YI
- DE LI
- GOOAO
- WeiRong
- Philips
Highlights of The Bill Counters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Basic Note Counters
- Hi Speed Heavy Duty Cash Countings
- Intelligent Counting Cum Counterfeit Detection Machines
- Other
- By Application:
- BFSI
- Supermarket & Shopping Mall
- Store
- Fuel Stations
- Transportation
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bill Counters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bill Counters is a website that allows users to track the progress of proposed bills in Congress.
Some of the key players operating in the bill counters market are Maxsell, Giesecke & Devrient, Glory Global Solutions, Cummins-Allison, Royal Sovereign International, BILLCON, GRGBanking, Toshiba, Innovative Technology, Crane Payment Innovations, Cassida Corporation, Accubanker, DRI Mark, Fraud Fighter, Semacon Business Machines, KANG YI, DE LI, GOOAO, WeiRong, Philips.
The bill counters market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bill Counters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bill Counters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bill Counters Market - Supply Chain
4.5. Global Bill Counters Market Forecast
4.5.1. Bill Counters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bill Counters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Bill Counters Market Absolute $ Opportunity
5. Global Bill Counters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Bill Counters Market Size and Volume Forecast by Type
5.3.1. Basic Note Counters
5.3.2. Hi Speed Heavy Duty Cash Countings
5.3.3. Intelligent Counting Cum Counterfeit Detection Machines
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Bill Counters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Bill Counters Market Size and Volume Forecast by Application
6.3.1. BFSI
6.3.2. Supermarket & Shopping Mall
6.3.3. Store
6.3.4. Fuel Stations
6.3.5. Transportation
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Bill Counters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Bill Counters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Bill Counters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Bill Counters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Bill Counters Demand Share Forecast, 2019-2026
9. North America Bill Counters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Bill Counters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Bill Counters Market Size and Volume Forecast by Application
9.4.1. BFSI
9.4.2. Supermarket & Shopping Mall
9.4.3. Store
9.4.4. Fuel Stations
9.4.5. Transportation
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Bill Counters Market Size and Volume Forecast by Type
9.7.1. Basic Note Counters
9.7.2. Hi Speed Heavy Duty Cash Countings
9.7.3. Intelligent Counting Cum Counterfeit Detection Machines
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Bill Counters Demand Share Forecast, 2019-2026
10. Latin America Bill Counters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Bill Counters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Bill Counters Market Size and Volume Forecast by Application
10.4.1. BFSI
10.4.2. Supermarket & Shopping Mall
10.4.3. Store
10.4.4. Fuel Stations
10.4.5. Transportation
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Bill Counters Market Size and Volume Forecast by Type
10.7.1. Basic Note Counters
10.7.2. Hi Speed Heavy Duty Cash Countings
10.7.3. Intelligent Counting Cum Counterfeit Detection Machines
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Bill Counters Demand Share Forecast, 2019-2026
11. Europe Bill Counters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Bill Counters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Bill Counters Market Size and Volume Forecast by Application
11.4.1. BFSI
11.4.2. Supermarket & Shopping Mall
11.4.3. Store
11.4.4. Fuel Stations
11.4.5. Transportation
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Bill Counters Market Size and Volume Forecast by Type
11.7.1. Basic Note Counters
11.7.2. Hi Speed Heavy Duty Cash Countings
11.7.3. Intelligent Counting Cum Counterfeit Detection Machines
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Bill Counters Demand Share, 2019-2026
12. Asia Pacific Bill Counters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Bill Counters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Bill Counters Market Size and Volume Forecast by Application
12.4.1. BFSI
12.4.2. Supermarket & Shopping Mall
12.4.3. Store
12.4.4. Fuel Stations
12.4.5. Transportation
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Bill Counters Market Size and Volume Forecast by Type
12.7.1. Basic Note Counters
12.7.2. Hi Speed Heavy Duty Cash Countings
12.7.3. Intelligent Counting Cum Counterfeit Detection Machines
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Bill Counters Demand Share, 2019-2026
13. Middle East & Africa Bill Counters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Bill Counters Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Bill Counters Market Size and Volume Forecast by Application
13.4.1. BFSI
13.4.2. Supermarket & Shopping Mall
13.4.3. Store
13.4.4. Fuel Stations
13.4.5. Transportation
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Bill Counters Market Size and Volume Forecast by Type
13.7.1. Basic Note Counters
13.7.2. Hi Speed Heavy Duty Cash Countings
13.7.3. Intelligent Counting Cum Counterfeit Detection Machines
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Bill Counters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Bill Counters Market: Market Share Analysis
14.2. Bill Counters Distributors and Customers
14.3. Bill Counters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Maxsell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Giesecke & Devrient
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Glory Global Solutions
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cummins-Allison
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Royal Sovereign International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BILLCON
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GRGBanking
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Toshiba
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Innovative Technology
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Crane Payment Innovations
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Cassida Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Accubanker
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. DRI Mark
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fraud Fighter
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Semacon Business Machines
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. KANG YI
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. DE LI
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. GOOAO
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. WeiRong
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Philips
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
