Market Overview:
The global automated banknote sorting machine market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for automated banknote sorting machines from banks, enterprises, and other institutions worldwide. Additionally, the growing adoption of these machines in developing countries is also contributing to the market growth. Based on type, the global automated banknote sorting machine market can be segmented into small size, middle size, and large size segments. The small size segment is expected to account for a major share of the global automated banknote sorting machine market during the forecast period owing to its low cost and easy installation. However, with technological advancements in this field, larger-sized machines are becoming increasingly popular among end users as they offer high speed and accuracy while processing notes. Based on application, the global automated banknote sorting machine market can be divided into three segments: banking sector (retail banking and corporate banking), enterprise sector (manufacturing companies and service providers), and other institutions (government organizations).
Product Definition:
An automated banknote sorting machine is a device that is used to automatically separate different denominations of banknotes. This type of machine is important because it speeds up the process of sorting banknotes, which can then be used for banking purposes or destroyed if they are no longer valid.
Small Size:
Small size is a term used for the smallest unit of currency in any country. The smallest unit of currency in any country is known as the “small change” or “small bills”. Small size refers to banknotes that are printed below USD 10.00 and above USD 1,000.00 respectively; while small sizes refer to notes that are between USD 10.01 and USD 1,000 inclusive (USD 5).02).
Middle Size:
Middle size is the size of notes between 50 to 200 grams. The thickness of a banknote ranges from 2-5 mm. Middle-sized notes are used in automated banknote sorting machines that are designed for small and medium enterprises, as these notes can be processed faster than large and small sized currency respectively.
Application Insights:
The bank application segment accounted for the largest share in 2017 and is projected to expand further at a steady CAGR over the forecast period. The growing use of automated note sorters at banks to reduce counterfeit notes and increase security is expected to drive demand over the coming years.
Automated note sorting machines are used across multiple industries including retail, hospitality, healthcare, transportation & logistics, banking and others. The other applications include government or public sector organizations that issue currency notes for circulation in the economy. These organizations require large size automatic note sorters as they print currency notes of higher denominations than small size or middle size automaticnote sorters can handle.
The enterprise application segment was valued over USD 200 million in 2017 owing to increasing adoption across financial institutions.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for cashless transactions and rising adoption of automated banking machines by commercial banks in countries such as China, Japan, and India. In addition, growing use of ATMs in emerging economies such as China and India is anticipated to propel market growth over the forecast period.
The North America market was valued at USD X million in 2017 owing to high demand from U.S., which has one of the largest banknote issuance centers globally along with Belgium and Germany among other European countries that issue large size banknotes across the globe are located within this region. Middle East & Africa (MEA) accounted for a significant share due to high acceptance rate of automated teller machines (ATM) across various countries including Saudi Arabia, UAE, Egypt among others are driving regional growth over the forecast period.
Growth Factors:
- Increasing demand for automated banknote sorting machines from the banking and financial sector to improve efficiency and accuracy.
- The increasing number of counterfeit notes in circulation is driving the demand for automated banknote sorting machines as they are able to detect fake notes with high accuracy.
- Growing awareness about the benefits of using automated banknote sorting machines among small businesses and retailers is propelling the growth of this market.
- The increasing adoption of cashless transactions is fueling the demand for automated banknote sorting machines as these devices help in quick processing of cash payments at retail outlets and banks.
- Technological advancements in automatic banknote sorters are resulting in enhanced performance, which is further propelling the growth of this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Automated Banknote Sorting Machine Market Research Report
By Type
Small Size, Middle Size, Large Size
By Application
Bank, Enterprise, Other
By Companies
Giesecke & Devrient, Glory, Laurel, De La Rue, Toshiba, Kisan Electronics, Julong, Xinda, GRG Banking, Guao Electronic, Giesecke & Devrient
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Automated Banknote Sorting Machine Market Report Segments:
The global Automated Banknote Sorting Machine 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
Bank, Enterprise, 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:
- Giesecke & Devrient
- Glory
- Laurel
- De La Rue
- Toshiba
- Kisan Electronics
- Julong
- Xinda
- GRG Banking
- Guao Electronic
- Giesecke & Devrient
Highlights of The Automated Banknote Sorting Machine 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:
- Bank
- Enterprise
- 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 Automated Banknote Sorting Machine 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?
An automated banknote sorting machine is a machine that can sort and categorize banknotes into different denominations. This helps to ensure that the correct amount of money is being sent to the right place at the right time.
Some of the major companies in the automated banknote sorting machine market are Giesecke & Devrient, Glory, Laurel, De La Rue, Toshiba, Kisan Electronics, Julong, Xinda, GRG Banking, Guao Electronic, Giesecke & Devrient.
The automated banknote sorting machine market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automated Banknote Sorting Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automated Banknote Sorting Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automated Banknote Sorting Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automated Banknote Sorting Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automated Banknote Sorting Machine Market Size & Forecast, 2018-2028
4.5.1 Automated Banknote Sorting Machine Market Size and Y-o-Y Growth
4.5.2 Automated Banknote Sorting Machine Market Absolute $ Opportunity
Chapter 5 Global Automated Banknote Sorting Machine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automated Banknote Sorting Machine Market Size Forecast by Type
5.2.1 Small Size
5.2.2 Middle Size
5.2.3 Large Size
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automated Banknote Sorting Machine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automated Banknote Sorting Machine Market Size Forecast by Applications
6.2.1 Bank
6.2.2 Enterprise
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automated Banknote Sorting Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automated Banknote Sorting Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automated Banknote Sorting Machine Analysis and Forecast
9.1 Introduction
9.2 North America Automated Banknote Sorting Machine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automated Banknote Sorting Machine Market Size Forecast by Type
9.6.1 Small Size
9.6.2 Middle Size
9.6.3 Large Size
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automated Banknote Sorting Machine Market Size Forecast by Applications
9.10.1 Bank
9.10.2 Enterprise
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automated Banknote Sorting Machine Analysis and Forecast
10.1 Introduction
10.2 Europe Automated Banknote Sorting Machine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automated Banknote Sorting Machine Market Size Forecast by Type
10.6.1 Small Size
10.6.2 Middle Size
10.6.3 Large Size
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automated Banknote Sorting Machine Market Size Forecast by Applications
10.10.1 Bank
10.10.2 Enterprise
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automated Banknote Sorting Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automated Banknote Sorting Machine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automated Banknote Sorting Machine Market Size Forecast by Type
11.6.1 Small Size
11.6.2 Middle Size
11.6.3 Large Size
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automated Banknote Sorting Machine Market Size Forecast by Applications
11.10.1 Bank
11.10.2 Enterprise
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automated Banknote Sorting Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America Automated Banknote Sorting Machine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automated Banknote Sorting Machine Market Size Forecast by Type
12.6.1 Small Size
12.6.2 Middle Size
12.6.3 Large Size
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automated Banknote Sorting Machine Market Size Forecast by Applications
12.10.1 Bank
12.10.2 Enterprise
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automated Banknote Sorting Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automated Banknote Sorting Machine Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automated Banknote Sorting Machine Market Size Forecast by Type
13.6.1 Small Size
13.6.2 Middle Size
13.6.3 Large Size
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automated Banknote Sorting Machine Market Size Forecast by Applications
13.10.1 Bank
13.10.2 Enterprise
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automated Banknote Sorting Machine Market: Competitive Dashboard
14.2 Global Automated Banknote Sorting Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Giesecke & Devrient
14.3.2 Glory
14.3.3 Laurel
14.3.4 De La Rue
14.3.5 Toshiba
14.3.6 Kisan Electronics
14.3.7 Julong
14.3.8 Xinda
14.3.9 GRG Banking
14.3.10 Guao Electronic
14.3.11 Giesecke & Devrient
