Market Overview:
The global coin counting machine 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 automated solutions for counting coins and the rising adoption of these machines by banks and financial institutions, as well as commercial businesses. In terms of type, the mixed-coin counters segment is expected to hold a dominant share in the global coin counting machine market during the forecast period, owing to its ability to count different denominations of coins quickly and accurately. By application, bank and financial institutions are anticipated to account for a larger share of the global coin counting machine market during the forecast period, due to an increase in demand for these machines from retail banking customers across regions.
Product Definition:
A coin counting machine is a device that counts coins. They are used by banks, businesses, and individuals to count the number of coins in a given stack or batch. The machines can be used to count different denominations of coins or to count all of the coins in a given currency. Coin counting machines are important because they allow people to quickly and accurately count large quantities of coins. This is especially helpful for banks and businesses who need to keep track of their finances and make sure they are not short on any particular coin denomination.
Mixed-coin Counters:
Mixed-coin counters are devices used to count both types of coins: metallic and non-metallic. They can be used in both cash dispensing machines as well as vending machines. These devices are mainly preferred by the operators of vending and other similar businesses, who need to ensure that their systems handle a variety of payment options.
Pre-sorted Coin Counters:
Pre-sorted coin counters are used in counting money or currency. These devices use a series of sensors to detect the total number of coins being inserted and then counts them accordingly. The device is available in different types such as mechanical, electronic, and optical pre-sorters that can be customized according to the customer requirements.
Application Insights:
The bank and financial institutions segment dominated the global coin counting machine market in 2017, accounting for over 50.0% share of the total revenue. The growth can be attributed to increasing demand from banks, financial institutions and other such businesses for efficient coin processing systems that aid in reducing their operating costs while improving their service quality.
The commercial business segment is expected to witness significant growth over the forecast period owing to rising adoption of automated teller machines (ATMs) across various industries including retail and hospitality among others. Various benefits offered by ATM technology such as ease of use along with high security features are further anticipated to propel its adoption rate across different sectors thereby driving the demand for coin counting machines at a considerable rate over the forecast period.
Regional Analysis:
Asia Pacific dominated the global coin counting machine market in 2017. This can be attributed to the presence of a large number of currency exchangers and banks in countries such as India, China, and Japan. The growing use of cash transactions is also one factor contributing to regional growth. According to the World Bank Group, around 60% of all transactions were made using cash in 2015 across Asia Pacific region which is expected to increase over time due to various factors such as low penetration rate for electronic money and high cost associated with it.
North America region accounted for a significant share owing its large population coupled with high demand from commercial businesses regarding security features incorporated into coins are driving adoption rates for coin counting machines in this region over the forecast period.
Growth Factors:
- Increasing demand for automation in the banking sector to reduce costs and improve efficiency
- Rising demand from small businesses and retailers for cost-effective and efficient coin counting machines
- Increasing popularity of self-service coin counting machines among consumers
- Proliferation of digital currencies such as Bitcoin that need to be counted and deposited into bank accounts
- Growing awareness about the benefits of using coin counting machines among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Coin Counting Machine Market Research Report
By Type
Mixed-coin Counters, Pre-sorted Coin Counters
By Application
Bank and Financial Institutions, Commercial Businesses
By Companies
American Changer Corporation, Cassida Corporation, Cummins Allison Corp, Giesecke+Devrient Currency Technology GmbH, Glory Global Solutions Limited, Laurel Bank Machines Co.,Ltd., Magner Corporation of America, Nethans Limited, Royal Sovereign International, Inc.,, Suzhou Ribao Technology Co.,Ltd
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Coin Counting Machine Market Report Segments:
The global Coin Counting Machine market is segmented on the basis of:
Types
Mixed-coin Counters, Pre-sorted Coin Counters
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 and Financial Institutions, Commercial Businesses
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:
- American Changer Corporation
- Cassida Corporation
- Cummins Allison Corp
- Giesecke+Devrient Currency Technology GmbH
- Glory Global Solutions Limited
- Laurel Bank Machines Co.,Ltd.
- Magner Corporation of America
- Nethans Limited
- Royal Sovereign International, Inc.,
- Suzhou Ribao Technology Co.,Ltd
Highlights of The Coin Counting 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:
- Mixed-coin Counters
- Pre-sorted Coin Counters
- By Application:
- Bank and Financial Institutions
- Commercial Businesses
- 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 Coin Counting 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.
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?
A coin counting machine is a device that helps you to count and record the number of coins that have been deposited into it. It typically has a hopper for holding the coins, an LCD screen or keypad for inputting the number of coins deposited, and a motor for rotating the hopper. The machine will then automatically stop when it reaches the desired number of coins.
Some of the major companies in the coin counting machine market are American Changer Corporation, Cassida Corporation, Cummins Allison Corp, Giesecke+Devrient Currency Technology GmbH, Glory Global Solutions Limited, Laurel Bank Machines Co.,Ltd., Magner Corporation of America, Nethans Limited, Royal Sovereign International, Inc.,, Suzhou Ribao Technology Co.,Ltd.
The coin counting machine market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Coin Counting 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 Coin Counting Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Coin Counting 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 Coin Counting 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 Coin Counting Machine Market Size & Forecast, 2020-2028
4.5.1 Coin Counting Machine Market Size and Y-o-Y Growth
4.5.2 Coin Counting Machine 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 Mixed-coin Counters
5.2.2 Pre-sorted Coin Counters
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 and Financial Institutions
6.2.2 Commercial Businesses
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Coin Counting 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 Coin Counting 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 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 Mixed-coin Counters
9.6.2 Pre-sorted Coin Counters
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 and Financial Institutions
9.10.2 Commercial Businesses
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 Mixed-coin Counters
10.6.2 Pre-sorted Coin Counters
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 and Financial Institutions
10.10.2 Commercial Businesses
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 Mixed-coin Counters
11.6.2 Pre-sorted Coin Counters
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 and Financial Institutions
11.10.2 Commercial Businesses
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 Mixed-coin Counters
12.6.2 Pre-sorted Coin Counters
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 and Financial Institutions
12.10.2 Commercial Businesses
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 Mixed-coin Counters
13.6.2 Pre-sorted Coin Counters
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 and Financial Institutions
13.10.2 Commercial Businesses
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 Coin Counting Machine Market: Competitive Dashboard
14.2 Global Coin Counting Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Changer Corporation
14.3.2 Cassida Corporation
14.3.3 Cummins Allison Corp
14.3.4 Giesecke+Devrient Currency Technology GmbH
14.3.5 Glory Global Solutions Limited
14.3.6 Laurel Bank Machines Co.,Ltd.
14.3.7 Magner Corporation of America
14.3.8 Nethans Limited
14.3.9 Royal Sovereign International, Inc.,
14.3.10 Suzhou Ribao Technology Co.,Ltd
