The Business Research Company’s report on the Sorting Cash Machine Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the sorting cash machine market?
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 2023, Reliance Retail opened more than 3,300 new stores. Therefore, the increasing number of grocery stores and supermarkets is driving the growth of the sorting cash machine market going forward.
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How has the sorting cash machine market size evolved, and what are the latest forecasts for its expansion?
The sorting cash machine market size has grown steadily in recent years. It will grow from $1.66 billion in 2024 to $1.74 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. 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 $2.2 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to high adoption of machines withinThe 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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Which major companies dominate the sorting cash machine market?
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.
What trends will shape the future of the sorbates market?
Technological advancements have emerged as a key trend gaining popularity in the sorting cash machine market. Major companies operating in the sorting cash machine market are focused on developing technologically advanced products to sustain their position in the market. For instance, in July 2022, Volumatic, a UK-based company providing intelligent cash-handling solutions, launched CountEasy 2. CountEasy eliminates cash reconciliation errors for businesses across retail, leisure, and banking by providing 100%, accurate cash counts. This system is able to count both notes and coins accurately in less than a minute, saving businesses time and money.
Which region dominates the sorting cash machine market, and what factors contribute to its leadership?
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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How is the sorting cash machine market segmented, and which segment holds the largest share?
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, Super market, Hospital, Other Applications
Subsegments:
1) By Notes Sorter: Currency Discrimination Note Sorters, Mixed Denomination Note Sorters, Fitness Sorting Note Machines
2) By Coins Sorter: Manual Coin Sorters, Automatic Coin Sorters, Mixed Coin Sorters
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How is the sorting cash machine market defined?
Sorting Cash Machine refers to a device that sorts and organizes banknotes based on their denomination. It is used to streamline the cash handling process in banks and retail environments, improving efficiency and accuracy in cash management.
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