Overview and Scope
A sorting cash machine refers to a machine which is used to sort bank notes and group different currency denominations together. Additionally, it counts the cash and divides it into several groups according to predetermined sums.
Sizing and Forecast
The sorting cash machine market size has grown strongly in recent years. It will grow from $1.6 billion in 2024 to $1.68 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increased demand for self-service machines, cash handling efficiency, regulatory compliance, increased demand for cashless transactions, adoption of multifunctional atms.
The sorting cash machine market size is expected to see strong growth in the next few years. It will grow to $2.07 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to high adoption of machines within the retail banking sector in emerging economies, increasing adoption of smart machines across countries, contactless and digital payments, data analytics and reporting, increased cash recycling. Major trends in the forecast period include advancements in security measures, advancements in technology, such as contactless payments and mobile banking, multifunctional machines, increased connectivity, cash automation.
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Segmentation & Regional Insights
The sorting cash machine market covered in this report is segmented –
1) By Type: Notes Sorter, Coins Sorter
2) By Enterprise Size: Large Enterprises, Small and Medium Sized Enterprise
3) By Application: Bank, Supermarket, Hospital, Other Applications
Top 5 Major Players:
- Bcash Electronics Co
- Cummins Allison
- De La Rue PLC
- Giesecke+Devrient GmbH
- Glory Global Solutions (International) Limited
Asia-Pacific was the largest region in the sorting cash machine market in 2024. The regions covered in the sorting cash machine market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
An increase in number of grocery stores and supermarkets is expected to propel the growth of the sorting cash machine market going forward. Supermarkets and grocery stores refer to large stores where a variety of groceries and other household supplies are sold. Grocery stores and supermarkets deal with small as well as huge amounts of money and require sorting cash machines to count the notes, give accurate data, and bundle them accordingly. For instance, in September 2022, according to a report published by Reliance Retail, an Indian retail company, in 2024, Reliance Retail opened more than 3,300 new stores. Furthermore, in December 2021, according to Walmart Inc a US-based retail corporation, operated more than 10,500 stores in 24 countries and added more than 500,000 new associates globally in 2020. Therefore, the increasing number of grocery stores and supermarkets is driving the growth of the sorting cash machine market going forward.
Key Industry Players
Major companies operating in the sorting cash machine market include Bcash Electronics Co., Cummins Allison, De La Rue plc, Giesecke+Devrient GmbH, Glory Global Solutions (International) Limited, GRGBanking, Julong Europe GmbH, Kisan Electronic, Laurel Bank Machines Co.Ltd, Toshiba Infrastructure Systems and Solutions Corporation, Xinda Electronic Equipment Ltd., Guao Electronic, Aditya Systems, Eromart, Cash Processing Solutions., Innovative Technology Ltd., Cassida Corporation, Accubanker, Billcon Corporation, CIMA Cash Handling America Inc., De La Rue plc, Magner Corporation, Ribao Technology, Semacon Business Machines Inc., Suzhou RIBAO Technology Co. Ltd., Talaris, Tellermate, Tidel Engineering LP, Volumatic, Zhejiang Chuan Wei Intelligent Technology Co. Ltd.
The sorting cash machine market report table of contents includes:
1. Executive Summary
2. Sorting Cash Machine Market Characteristics
3. Sorting Cash Machine Market Trends And Strategies
4. Sorting Cash Machine Market – Macro Economic Scenario
5. Global Sorting Cash Machine Market Size and Growth
…..
31. Global Sorting Cash Machine Market Competitive Benchmarking
32. Global Sorting Cash Machine Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Sorting Cash Machine Market
34. Sorting Cash Machine Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Sorting Cash Machine Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Sorting Cash Machine Market, Segmentation By Enterprize Sizde, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Sorting Cash Machine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Bcash Electronics Co. Financial Performance
Table 75: Cummins Allison Financial Performance
Table 76: De La Rue plc Financial Performance
Table 77: Giesecke+Devrient GmbH Financial Performance
Table 78: Glory Global Solutions (International) Limited Financial Performance
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