Market Overview:
The global cash sorter machines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cash sorting machines from banks, financial institutions, casinos, large theme parks and others. Additionally, the growing awareness about the benefits of using cash sorting machines is also contributing to the growth of this market. Based on type, small size cash sorting machines are expected to dominate the global market during the forecast period owing to their low price and easy installation. However, middle size and large size cash sorting machines are projected to witness higher growth rates in terms of revenue due their ability handle high volumes of currency notes quickly and accurately. Based on application, banks are expected to account for a major share of the global market during 2018-2030 owingto thier need for efficient currency handling solutions that can help reduce costs associated with manual processing operations.
Product Definition:
Cash Sorter Machines are machines used to quickly and accurately count and bundle currency. They are often used in banks, casinos, and other places where large sums of money are handled. Cash Sorter Machines help to speed up the process of counting money and make it more accurate.
Small Size:
Small size cash sorter machines are used for sorting currency, paper money, checks and other small size documents. These machines are available in different types such as mechanical, electronic and optical based on the need of the product. The market is segmented by product into Cash Sorters & Counting Machines (CS&CM), Bank Note Sorters (BNS) and Check Sorters & Counting Machines (CSC).
Middle Size:
Middle size cash sorter machines are used in banks, post offices and other financial institutions for sorting money. These machines have a capacity of sorts ranging from 1 to 200 notes at a time and can sort notes based on their sizes. Sorting is done by different parameters such as color, value, type etc., depending upon the application requirements.
Application Insights:
The banks segment dominated the global cash sorter machines market in 2017 and is expected to maintain its dominance over the forecast period. The growth of this segment can be attributed to the rising demand for efficient sorting machines from banks, which are required to handle large volumes of currency with ease. Furthermore, technological advancements in currency processing have also played a key role in increasing efficiencySortation solutions help improve operational performance by reducing labor costs and increasing productivity.
Casinos were the second largest application segment that year followed by financial institutions.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to technological advancements, high demand for security, and stringent regulations by governments. For instance, according to a blog published by NCR Corporation in 2016, cash transactions made up more than 60% of all commercial transactions in U.S., which has led to an increase in demand for cash sorter machines over the years. Moreover, North America is home to some of the largest banks and financial institutions that deal with large amounts of currency on a daily basis; therefore ensuring continuous product supply is their top priority.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing adoption at retail stores and ATMs across countries such as China and India among others due to rising consumer spending power coupled with government initiatives encouraging small businesses & startups providing job opportunities thereby driving overall economic activity within these regions thus leading towards higher demand for currency processing machines such as cash sorters over time (see figure below).
Growth Factors:
- Increasing demand for cash handling solutions in the banking and financial sector
- Rising demand from small and medium-sized businesses
- Growing popularity of cashless transactions
- Proliferation of self-service kiosks and ATMs
- Technological advancements in cash sorting machines
Scope Of The Report
Report Attributes
Report Details
Report Title
Cash Sorter Machines Market Research Report
By Type
Small Size, Middle Size, Large Size
By Application
Banks, Financial Institutions, Casinos, Large Theme Parks, Others
By Companies
Giesecke & Devrient, Glory, Laurel, De La Rue, Toshiba, Kisan Electronics, Julong, Xinda, GRG Banking, Guao Electronic
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Cash Sorter Machines Market Report Segments:
The global Cash Sorter Machines market is segmented on the basis of:
Types
Small Size, Middle Size, Large Size
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
Banks, Financial Institutions, Casinos, Large Theme Parks, Others
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:
- Giesecke & Devrient
- Glory
- Laurel
- De La Rue
- Toshiba
- Kisan Electronics
- Julong
- Xinda
- GRG Banking
- Guao Electronic
Highlights of The Cash Sorter Machines 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:
- Small Size
- Middle Size
- Large Size
- By Application:
- Banks
- Financial Institutions
- Casinos
- Large Theme Parks
- Others
- 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 Cash Sorter Machines 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Cash Sorter Machines are used to sort cash by denomination.
Some of the major players in the cash sorter machines market are Giesecke & Devrient, Glory, Laurel, De La Rue, Toshiba, Kisan Electronics, Julong, Xinda, GRG Banking, Guao Electronic.
The cash sorter machines market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cash Sorter Machines 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. Cash Sorter Machines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cash Sorter Machines Market - Supply Chain
4.5. Global Cash Sorter Machines Market Forecast
4.5.1. Cash Sorter Machines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cash Sorter Machines Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cash Sorter Machines Market Absolute $ Opportunity
5. Global Cash Sorter Machines 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. Cash Sorter Machines Market Size and Volume Forecast by Type
5.3.1. Small Size
5.3.2. Middle Size
5.3.3. Large Size
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cash Sorter Machines 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. Cash Sorter Machines Market Size and Volume Forecast by Application
6.3.1. Banks
6.3.2. Financial Institutions
6.3.3. Casinos
6.3.4. Large Theme Parks
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cash Sorter Machines 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. Cash Sorter Machines 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 Cash Sorter Machines 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. Cash Sorter Machines 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 Cash Sorter Machines Demand Share Forecast, 2019-2026
9. North America Cash Sorter Machines 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 Cash Sorter Machines 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 Cash Sorter Machines Market Size and Volume Forecast by Application
9.4.1. Banks
9.4.2. Financial Institutions
9.4.3. Casinos
9.4.4. Large Theme Parks
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cash Sorter Machines Market Size and Volume Forecast by Type
9.7.1. Small Size
9.7.2. Middle Size
9.7.3. Large Size
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 Cash Sorter Machines Demand Share Forecast, 2019-2026
10. Latin America Cash Sorter Machines 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 Cash Sorter Machines 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 Cash Sorter Machines Market Size and Volume Forecast by Application
10.4.1. Banks
10.4.2. Financial Institutions
10.4.3. Casinos
10.4.4. Large Theme Parks
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cash Sorter Machines Market Size and Volume Forecast by Type
10.7.1. Small Size
10.7.2. Middle Size
10.7.3. Large Size
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 Cash Sorter Machines Demand Share Forecast, 2019-2026
11. Europe Cash Sorter Machines 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 Cash Sorter Machines 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 Cash Sorter Machines Market Size and Volume Forecast by Application
11.4.1. Banks
11.4.2. Financial Institutions
11.4.3. Casinos
11.4.4. Large Theme Parks
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cash Sorter Machines Market Size and Volume Forecast by Type
11.7.1. Small Size
11.7.2. Middle Size
11.7.3. Large Size
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 Cash Sorter Machines Demand Share, 2019-2026
12. Asia Pacific Cash Sorter Machines 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 Cash Sorter Machines 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 Cash Sorter Machines Market Size and Volume Forecast by Application
12.4.1. Banks
12.4.2. Financial Institutions
12.4.3. Casinos
12.4.4. Large Theme Parks
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cash Sorter Machines Market Size and Volume Forecast by Type
12.7.1. Small Size
12.7.2. Middle Size
12.7.3. Large Size
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 Cash Sorter Machines Demand Share, 2019-2026
13. Middle East & Africa Cash Sorter Machines 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 Cash Sorter Machines 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 Cash Sorter Machines Market Size and Volume Forecast by Application
13.4.1. Banks
13.4.2. Financial Institutions
13.4.3. Casinos
13.4.4. Large Theme Parks
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cash Sorter Machines Market Size and Volume Forecast by Type
13.7.1. Small Size
13.7.2. Middle Size
13.7.3. Large Size
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 Cash Sorter Machines Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Cash Sorter Machines Market: Market Share Analysis
14.2. Cash Sorter Machines Distributors and Customers
14.3. Cash Sorter Machines Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Giesecke & Devrient
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Glory
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Laurel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. De La Rue
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Toshiba
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kisan Electronics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Julong
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Xinda
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GRG Banking
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Guao Electronic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook