Market Overview:
The global Automatic Coin Sorter 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 coin sorting machines from banks, retailers, and other end-users. Additionally, the growing awareness about the benefits of using coin sorting machines is also contributing to the growth of this market.
Product Definition:
An automatic coin sorter is a device that sorts coins into different denominations. This is important because it allows businesses to quickly and accurately count their change. It also helps to ensure that all of the coins in a given denomination are accounted for, which can help prevent theft.
Small:
Small is a device or mechanism that helps to sort and count currency, bills, or other small objects. It’s also used in various applications such as ticket sorters, bank teller machines (ATMs), vending machines, gaming devices among others. The global market for Small is expected to witness significant growth over the forecast period owing to its increasing usage in cash management and ATMs application segment.
The cash management system includes an automated counting machine which counts.
Mid:
The Mid and its usage in the Automatic Coin Sorter market is a device that helps to sort currency, bills or any other monetary instruments. The automatic coin sorter mid uses electromagnetic technology for sorting the banknotes. It’s an effective and accurate way of sorting money as compared to other traditional methods like counting and trial & error method used earlier.
Application Insights:
The retail segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. Automatic coin sorters are widely used in banks, where they help maintain clean hallways and ATMs. They are also used at retail outlets, where they can be installed near cash depositories or collection centers to quickly sort high-value notes from smaller denominations. The growing use of ASCS at various locations across the world has led to an increased focus on improving operational efficiency while maintaining safety deposits, which is likely to propel growth over the coming years.
The banking application segment was valued at USD 281 million in 2017 owing to rising demand for efficient sorting solutions that not only improve operational efficiency but also enhance customer services by reducing waiting time at bank counters and lines during peak hours of operation. Furthermore, increasing investments by banks in new technology platforms with advanced automatic coin sorter systems as part of their digital transformation initiatives will further drive growth over the coming years.
Regional Analysis:
North America dominated the global automatic coin sorter market in 2017. The growth can be attributed to the presence of a large number of retail outlets, coupled with an increasing preference for cashless transactions. Furthermore, technological advancements and growing use of automated teller machines (ATMs) are expected to drive regional demand over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising demand from emerging countries such as China and India. Factors such as changing consumer behavior, along with increased spending on electronic payment instruments are likely to contribute toward industry development in this region.
Growth Factors:
- Increasing demand for automation in the banking and financial sector to speed up the process of coin counting and sorting.
- The increasing use of coins in transactions, both online and offline, is driving the demand for automatic coin sorters.
- Growing awareness about the benefits of using automatic coin sorters among consumers is propelling its growth.
- Rising investments by leading players in research and development to introduce new features in their products is aiding market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automatic Coin Sorter Market Research Report
By Type
Small, Mid, Large
By Application
Bank, Retailing, Others
By Companies
GRG Banking, Giesecke+Devrient, Julong, BCASH ELECTRONICS, Glory Global Solutions, Royal Sovereign International, Suzhou Ribao Technology, Guangdong Baijia Baiter
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Automatic Coin Sorter Market Report Segments:
The global Automatic Coin Sorter market is segmented on the basis of:
Types
Small, Mid, Large
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, Retailing, 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:
- GRG Banking
- Giesecke+Devrient
- Julong
- BCASH ELECTRONICS
- Glory Global Solutions
- Royal Sovereign International
- Suzhou Ribao Technology
- Guangdong Baijia Baiter
Highlights of The Automatic Coin Sorter 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
- Mid
- Large
- By Application:
- Bank
- Retailing
- 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 Automatic Coin Sorter 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?
An Automatic Coin Sorter is a machine that helps to sort coins by denomination. This can be helpful in ensuring that coins are properly counted and accounted for, as well as helping to prevent coin theft.
Some of the major companies in the automatic coin sorter market are GRG Banking, Giesecke+Devrient, Julong, BCASH ELECTRONICS, Glory Global Solutions, Royal Sovereign International, Suzhou Ribao Technology, Guangdong Baijia Baiter.
The automatic coin sorter market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automatic Coin Sorter 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 Automatic Coin Sorter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automatic Coin Sorter 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 Automatic Coin Sorter 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 Automatic Coin Sorter Market Size & Forecast, 2020-2028
4.5.1 Automatic Coin Sorter Market Size and Y-o-Y Growth
4.5.2 Automatic Coin Sorter Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Small
5.2.2 Mid
5.2.3 Large
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Bank
6.2.2 Retailing
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automatic Coin Sorter 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 Automatic Coin Sorter 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Small
9.6.2 Mid
9.6.3 Large
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 Market Size Forecast by Applications
9.10.1 Bank
9.10.2 Retailing
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Small
10.6.2 Mid
10.6.3 Large
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 Market Size Forecast by Applications
10.10.1 Bank
10.10.2 Retailing
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Small
11.6.2 Mid
11.6.3 Large
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 Market Size Forecast by Applications
11.10.1 Bank
11.10.2 Retailing
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Small
12.6.2 Mid
12.6.3 Large
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 Market Size Forecast by Applications
12.10.1 Bank
12.10.2 Retailing
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Small
13.6.2 Mid
13.6.3 Large
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) Market Size Forecast by Applications
13.10.1 Bank
13.10.2 Retailing
13.10.3 Others
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 Automatic Coin Sorter Market: Competitive Dashboard
14.2 Global Automatic Coin Sorter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GRG Banking
14.3.2 Giesecke+Devrient
14.3.3 Julong
14.3.4 BCASH ELECTRONICS
14.3.5 Glory Global Solutions
14.3.6 Royal Sovereign International
14.3.7 Suzhou Ribao Technology
14.3.8 Guangdong Baijia Baiter
