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.
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
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:
Types
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.
Applications
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:
- Giesecke & Devrient
- Glory Global Solutions
- Laurel
- De La Rue
- Toshiba
- Kisan
- Julong
- Cummins-Allison
- GRGBanking
- Bcash Electronics
Highlights of The Note 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 Size Note Sorter
- Medium Size Note Sorter
- Large Size Note Sorter
- By Application:
- BFSI
- Retail
- 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 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
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 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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Glory Global Solutions
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Laurel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. De La Rue
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Toshiba
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kisan
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Julong
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Cummins-Allison
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GRGBanking
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bcash Electronics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook