Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Note Sorter Market by Type (Small Size Note Sorter, Medium Size Note Sorter, Large Size Note Sorter), By Application (BFSI, Retail, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Note Sorter Market by Type (Small Size Note Sorter, Medium Size Note Sorter, Large Size Note Sorter), By Application (BFSI, Retail, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 136647 3300 Machinery & Equipment 377 232 Pages 4.5 (31)

Market Overview:

The global note sorter market is segmented on the basis of type, application, and region. The type segment is further divided into small size note sorter, medium size note sorter, and large size note sorter. The application segment is classified into BFSI, retail sector, and others. The regional segmentation includes North America, Latin America, Europe Asia Pacific (APAC), and Middle East & Africa (MEA). The global note sorters market is expected to grow at a CAGR of 5.5% from 2018 to 2030. Rising demand for automated solutions for sorting notes across different applications are some of the major factors driving the growth of this market.

Global Note Sorter Industry Outlook

Product Definition:

A note sorter is a device used to organize and store paper notes. The importance of note sorters lies in their ability to help individuals keep track of important information in an easily accessible format.

Small Size Note Sorter:

Small size note sorter is a device used for sorting and counting small sized paper money, usually printed notes. The machine consists of series of trays with bill acceptors mounted on them. These trays are then inserted in the machine one at a time and after that, the notes are dropped into the tray by using an appropriate plate.

Medium Size Note Sorter:

The global medium-size note sorter market size was valued at USD 1.5 billion in 2015 and is expected to witness significant growth over the forecast period. The increasing demand for automation in banking institutions, government offices, law firms, and private enterprises is anticipated to drive the industry growth over the next seven years.

Application Insights:

The BFSI application segment accounted for the largest share of over 50.0% in 2017. The growth can be attributed to the rising adoption of these products by banks and other financial institutions, which are required to sort notes according to their denominations during deposit or exchange operations.

The retail segment is expected register a significant CAGR over the forecast period owing to an increase in demand from currency dispensers and cash deposit machines used across supermarkets, hypermarkets, shopping malls and departmental stores worldwide. Retailers are adopting advanced technologies including big data analytics coupled with mobile payment solutions that facilitate easy payment transactions for customers while ensuring accurate coin/note recognition by sorters at different levels in a storeroom or automated checkout system.

Regional Analysis:

Asia Pacific dominated the global note sorter market in 2017, accounting for a share of over 45%. The growth is attributed to the presence of large number of currency exchangers and banks in countries such as India, China, Japan. Furthermore, increasing use of cash transactions has led to an increase in demand for efficient sorting machines.

North America is expected to grow at a significant rate over the forecast period owing to high demand from retail sector. The U.S., being one of the most developed economies has all along been abreast with technological advancements and this trend is not different when it comes to cash register sortation systems either; hence North America holds a major market share among other regions mentioned above as well as others such as Africa and Latin America which are also expected witness considerable growth opportunities during the forecast period owing SORT:19 conference that took place on March 23rd-24th 2018 at Montreal Canada where more than 200 attendees from across Canada & U.

Growth Factors:

  • Increasing demand for note sorters from the banking and financial sector as they help in efficient handling of large number of documents.
  • Rising demand for note sorters from small and medium businesses as they help in easy organization and retrieval of documents.
  • Growing popularity of desktop note sorters among consumers due to their compact size and easy portability.
  • Increasing use of note sorters in schools, colleges, and universities for organizing notes, papers, and other study materials.

Scope Of The Report

Report Attributes

Report Details

Report Title

Note Sorter Market Research Report

By Type

Small Size Note Sorter, Medium Size Note Sorter, Large Size Note Sorter

By Application

BFSI, Retail, Others

By Companies

Giesecke & Devrient, Glory Global Solutions, Laurel, De La Rue, Toshiba, Kisan, Julong, Cummins-Allison, GRGBanking, Bcash Electronics

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Note Sorter Market Report Segments:

The global Note Sorter market is segmented on the basis of:


Small Size Note Sorter, Medium Size Note Sorter, Large Size Note Sorter

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.


BFSI, Retail, 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:

  1. Giesecke & Devrient
  2. Glory Global Solutions
  3. Laurel
  4. De La Rue
  5. Toshiba
  6. Kisan
  7. Julong
  8. Cummins-Allison
  9. GRGBanking
  10. Bcash Electronics

Global Note Sorter Market Overview

Highlights of The Note Sorter Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Small Size Note Sorter
    2. Medium Size Note Sorter
    3. Large Size Note Sorter
  1. By Application:

    1. BFSI
    2. Retail
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Note 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

Global Note Sorter Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

A note sorter is a tool used to organize and manage notes.

Some of the major players in the note sorter market are Giesecke & Devrient, Glory Global Solutions, Laurel, De La Rue, Toshiba, Kisan, Julong, Cummins-Allison, GRGBanking, Bcash Electronics.

The note sorter market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Note Sorter 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. Note Sorter Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Note Sorter Market - Supply Chain
   4.5. Global Note Sorter Market Forecast
      4.5.1. Note Sorter Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Note Sorter Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Note Sorter Market Absolute $ Opportunity

5. Global Note Sorter 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. Note Sorter Market Size and Volume Forecast by Type
      5.3.1. Small Size Note Sorter
      5.3.2. Medium Size Note Sorter
      5.3.3. Large Size Note Sorter
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Note Sorter 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. Note Sorter Market Size and Volume Forecast by Application
      6.3.1. BFSI
      6.3.2. Retail
      6.3.3. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Note Sorter 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. Note Sorter 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 Note Sorter 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. Note Sorter 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 Note Sorter Demand Share Forecast, 2019-2029

9. North America Note Sorter 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 Note Sorter 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 Note Sorter Market Size and Volume Forecast by Application
      9.4.1. BFSI
      9.4.2. Retail
      9.4.3. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Note Sorter Market Size and Volume Forecast by Type
      9.7.1. Small Size Note Sorter
      9.7.2. Medium Size Note Sorter
      9.7.3. Large Size Note Sorter
   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 Note Sorter Demand Share Forecast, 2019-2029

10. Latin America Note Sorter 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 Note Sorter 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 Note Sorter Market Size and Volume Forecast by Application
      10.4.1. BFSI
      10.4.2. Retail
      10.4.3. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Note Sorter Market Size and Volume Forecast by Type
      10.7.1. Small Size Note Sorter
      10.7.2. Medium Size Note Sorter
      10.7.3. Large Size Note Sorter
   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 Note Sorter Demand Share Forecast, 2019-2029

11. Europe Note Sorter 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 Note Sorter 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 Note Sorter Market Size and Volume Forecast by Application
      11.4.1. BFSI
      11.4.2. Retail
      11.4.3. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Note Sorter Market Size and Volume Forecast by Type
      11.7.1. Small Size Note Sorter
      11.7.2. Medium Size Note Sorter
      11.7.3. Large Size Note Sorter
   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 Note Sorter Demand Share, 2019-2029

12. Asia Pacific Note Sorter 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 Note Sorter 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 Note Sorter Market Size and Volume Forecast by Application
      12.4.1. BFSI
      12.4.2. Retail
      12.4.3. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Note Sorter Market Size and Volume Forecast by Type
      12.7.1. Small Size Note Sorter
      12.7.2. Medium Size Note Sorter
      12.7.3. Large Size Note Sorter
   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 Note Sorter Demand Share, 2019-2029

13. Middle East & Africa Note Sorter 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 Note Sorter 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 Note Sorter Market Size and Volume Forecast by Application
      13.4.1. BFSI
      13.4.2. Retail
      13.4.3. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Note Sorter Market Size and Volume Forecast by Type
      13.7.1. Small Size Note Sorter
      13.7.2. Medium Size Note Sorter
      13.7.3. Large Size Note Sorter
   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 Note Sorter Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Note Sorter Market: Market Share Analysis
   14.2. Note Sorter Distributors and Customers
   14.3. Note Sorter Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Giesecke & Devrient Overview Financials Developments Strategic Outlook
      14.4.2. Glory Global Solutions Overview Financials Developments Strategic Outlook
      14.4.3. Laurel Overview Financials Developments Strategic Outlook
      14.4.4. De La Rue Overview Financials Developments Strategic Outlook
      14.4.5. Toshiba Overview Financials Developments Strategic Outlook
      14.4.6. Kisan Overview Financials Developments Strategic Outlook
      14.4.7. Julong Overview Financials Developments Strategic Outlook
      14.4.8. Cummins-Allison Overview Financials Developments Strategic Outlook
      14.4.9. GRGBanking Overview Financials Developments Strategic Outlook
      14.4.10. Bcash Electronics Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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