Market Overview:
The global money counting scale 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 money counting scales in retail and bank applications. In addition, the growing demand for money counting scales in restaurants is also contributing to the growth of this market. North America is expected to lead the global money counting scale market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
A money counting scale is a device used to weigh currency and other objects of known mass. The importance of money counting scales is that they provide an accurate way to measure the weight of coins and paper currency, which can then be used to calculate their value.
Battery:
Battery is a device that converts chemical energy into electrical energy. The battery market size spans across various applications such as consumer electronics, electric vehicles, power tools and construction equipment among others. Consumer electronics is expected to be the key application segment over the forecast period owing to increasing demand for batteries in smartphones & tablets PC etc. Electric Vehicles (EV) are gaining popularity globally on account of stringent government regulations towards emission control and reducing fossil fuel use etc.
DC Power:
DC power is the direct current which is generated by a battery and then converted to an appropriate level of voltage for the operation of an electronic device. The DC power supply system consists of a source, cord, plug, and target devices. The source side contains a battery that provides DC power; whereas the target devices are connected with each other & Source through plugs.
Application Insights:
The retail segment dominated the global money counting scale market in 2017 and is expected to witness significant growth over the forecast period. The growth can be attributed to increasing consumer spending power coupled with rising adoption of advanced technologies such as mobile payments. Furthermore, retailers are adopting innovative technologies such as big data analytics that help them in understanding customer behavior and trends so as to deliver a personalized experience.
The bank segment is also expected to witness considerable growth over the forecast period owing to increased use of cashless transactions for various operations including ATM withdrawals and transfers across banks. Moreover, an increase in transaction volumes at banks has led authorities across countries adopt uniformity regarding regulations related to currency handling practices at banks thus driving demand for MCCs among other things like ATMs & branches worldwide.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to the presence of a large number of money counting machines’ OEMs and ODM manufacturers. Moreover, North America is one of the largest retail markets globally, which has led to an increased adoption rate for MCS in this region. Furthermore, growing use cases such as banknotes count and cash transactions across various industries are expected to drive demand for MCS in North America over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing demand from developing countries such as China and India. Rapid urbanization coupled with rising consumer spending on daily necessities has resulted in an increased need for currency counting machines across these economies; hence driving demand for MCS solutions within banks and ATMs etc.
Growth Factors:
- Increasing demand for money counting scales from retail sector
- Rising awareness about the benefits of using money counting scales among consumers
- Growing popularity of digital money counting scales among consumers
- Proliferation of online shopping and e-commerce platforms
- Increasing number of counterfeit currency cases
Scope Of The Report
Report Attributes
Report Details
Report Title
Money Counting Scale Market Research Report
By Type
Battery, DC Power
By Application
Retail, Bank, Restaurant, Other
By Companies
Safescan, Zzap, Fraudfighter, Cassidausa, Brecknell, Ratiotec, Tellermate, Volumatic, Cashmaster, Klopp
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Money Counting Scale Market Report Segments:
The global Money Counting Scale market is segmented on the basis of:
Types
Battery, DC Power
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
Retail, Bank, Restaurant, 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:
- Safescan
- Zzap
- Fraudfighter
- Cassidausa
- Brecknell
- Ratiotec
- Tellermate
- Volumatic
- Cashmaster
- Klopp
Highlights of The Money Counting Scale 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:
- Battery
- DC Power
- By Application:
- Retail
- Bank
- Restaurant
- 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 Money Counting Scale 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?
The money counting scale is a tool that helps people track their spending. It has 10 different slots for bills, coins, or tokens and can be used to keep track of how much money people have in each slot.
Some of the major players in the money counting scale market are Safescan, Zzap, Fraudfighter, Cassidausa, Brecknell, Ratiotec, Tellermate, Volumatic, Cashmaster, Klopp.
The money counting scale 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 Money Counting Scale 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 Money Counting Scale Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Money Counting Scale 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 Money Counting Scale 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 Money Counting Scale Market Size & Forecast, 2020-2028
4.5.1 Money Counting Scale Market Size and Y-o-Y Growth
4.5.2 Money Counting Scale 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 Battery
5.2.2 DC Power
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 Retail
6.2.2 Bank
6.2.3 Restaurant
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Money Counting Scale 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 Money Counting Scale 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 Battery
9.6.2 DC Power
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 Retail
9.10.2 Bank
9.10.3 Restaurant
9.10.4 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 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 Battery
10.6.2 DC Power
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 Retail
10.10.2 Bank
10.10.3 Restaurant
10.10.4 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 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 Battery
11.6.2 DC Power
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 Retail
11.10.2 Bank
11.10.3 Restaurant
11.10.4 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 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 Battery
12.6.2 DC Power
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 Retail
12.10.2 Bank
12.10.3 Restaurant
12.10.4 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) 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 Battery
13.6.2 DC Power
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 Retail
13.10.2 Bank
13.10.3 Restaurant
13.10.4 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 Money Counting Scale Market: Competitive Dashboard
14.2 Global Money Counting Scale Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Safescan
14.3.2 Zzap
14.3.3 Fraudfighter
14.3.4 Cassidausa
14.3.5 Brecknell
14.3.6 Ratiotec
14.3.7 Tellermate
14.3.8 Volumatic
14.3.9 Cashmaster
14.3.10 Klopp
