$4550
$2730
The sorting cash machine market is expected to grow from US$ 1,539.16 million in 2021 to US$ 1,988.26 million by 2028; it is estimated to grow at a CAGR of 3.7% during 2021–2028.
Growing Adoption of Sorting Cash Machines in APAC Region
The Asia Pacific sorting cash machine market is segmented into China, India, Vietnam, Japan, Thailand, and the Rest of Asia Pacific. Despite the rapid rise of electronic payments, customers in Asia, particularly in emerging nations, continue to rely on cash. Micropayments are a cash stronghold that many institutions hope to break into with new technologies like contactless payment. Customers in nations like Vietnam require substantial amounts of cash to pay for daily necessities like gasoline, food and beverages, groceries, or even large purchases like real estate, providing a logistical and financial problem for retail banks. In recent years, managing the cost of cash handling has been a concern for retail banks across the region. Security and cost are equally critical drivers for emerging market banks, with 36% of all respondents citing each as a significant worry. Customers in emerging markets are more likely to utilize cash and rely on branches to manage their banking needs. As their operating environment becomes more competitive and complex, this puts increasing pressure on emerging banks. Because of the widespread lack of public security in emerging countries, there is a more significant danger of robbery, theft, and fraud. These factors generate the high need to implement cash sorting machines in banks to reduce employees' work and handle security concerns.
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Customize Research To Suit Your Requirement
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Impact of COVID-19 Pandemic on Sorting Cash Machine Market
The governments of Asia Pacific countries took all possible steps to reduce the effects of the COVID-19 pandemic by announcing lockdowns. The temporary shutdown of companies resulted in increased adoption of digital communication channels among customers and organizations. However, during Q1 and Q2 of 2020, several companies were temporarily shut down, which created a supply chain disruption among the cash sorting machine vendors and banks. Thus, the market was slightly impacted. With the release of lockdown, the market again started showing signs of growth. During the lockdown period, more and more customers started using online and digital banking services to maintain social distancing. This has resulted in an increased number of digital retail banking customers. The banks in the region are now focused on transforming their core operations and are working on platform-based, API-enabled, and componentized modernization. Further, owing to the pandemic, the banks are focused on offering quality self-service capabilities, which are highly customized as per customers' banking requirements. This has negatively impacted the growth of the sorting cash machine market.
Sorting Cash Machine Market Insights
Bill counters in supermarkets use affordable automatic wholesale cash sorting machines to rapidly count several different currencies. The seamless operations and convenient sensors make these machines easy to use in supermarkets. The machines have various features such as vivid LCD; auto start, stop, and clearing; and automatic half-note detection. The coin sorter machines have high demand in supermarkets. The increasing number of grocery stores and supermarkets that use coin sorter machines and coin sorter services is boosting the growth of the sorting cash machine market.
Type-Based Market Insights
Based on type, the global sorting cash machine market is segmented into banknote sorter and coin sorter. The banknote sorter segment dominated the sorting cash machine market in 2020. The banknote sorter optimizes the cash management process by efficiently sorting and bundling the cash according to denomination. The sorting process consists of several steps to process cash. First, the mixed denominations of cash are inserted into the sorting machine. From there, the bills are recognized, authenticated, and sorted according to their specifications. Also, a banknote sorter may sort banknotes into batches and check for damaged or counterfeit notes. Therefore, banknote sorters are helpful for industries that handle large volumes of cash, such as casinos, banks, and cash-in-transit services. The mentioned factors are contributing to the growth of the sorting cash machine market.
Technology-Based Market Insights
Based on technology, the sorting cash machine market is segmented into supermarkets, banks, and others. In terms of market share, the cash sorting machines market was dominated by banks in 2020. The bank industry handles a large volume of cash every day. Therefore, sorting cash machines have become necessary in the industry. The innovative banknote sorting machines sort the banknotes and offer other advanced functionalities, such as counting, authenticating, batching, and strapping, transforming how banknotes are processed in the banks. High-quality banknote sorting systems can meet the highest demands of every type of cash center.
Sorting Cash Machine Market Report Scope
Players operating in the sorting cash machine market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In March 2022, Glory announced that RAMSES an iconic, authentic benchmark in the avant-garde restaurant sector in Madrid—had chosen to implement the CASHINFINITY range of banknote and coin recycling systems in its restaurants to optimize their cash management processes in a centralized and secure manner.
- The sorting cash machine market is segmented based on type and application. Based on type, the sorting cash machine market is segmented into banknote sorter and coins sorter. In terms of application, the sorting cash machine market is segmented into banks, supermarkets, and others.
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.; and Toshiba Infrastructure Systems and Solutions Corporation are the key sorting cash machine market players considered for the research study. In addition, several other significant market players have been studied and analyzed in this research report to get a holistic view of the sorting cash machine market and its ecosystem.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Factors attributing towards the growth of sorting cash machine market includes Increasing penetration of supermarkets in developing countries, technological advancements in sorting cash machine, benefits offered by these machines, and rising demand from healthcare, gaming, banks, retail outlets, and other public places.
Compared to the US and South America, Asian supermarkets have begun to infiltrate new produce marketplaces, possibly due to the importance of fresh produce among Asian consumers. Developing economies in Asia Pacific, Latin America, and the Caribbean (LAMEA) have a significant potential for retail expansion, which is likely to fuel the market throughout the projection period. According to the India Brand Equity Foundation, India's retail market is predicted to reach US$ 1.6 trillion by 2026. Furthermore, the financial sector is expanding rapidly. Market participants are expected to benefit from the widespread use of cash sorting machines in supermarkets over the next few years.
The global sorting cash machine market was dominated by banks in 2020. The bank industry handles a large volume of cash every day. Therefore, sorting cash machines have become necessary in the industry. The innovative banknote sorting machines sort the banknotes and offer other advanced functionalities, such as counting, authenticating, batching, and strapping, transforming the way banknotes are processed in the banks. High-quality banknote sorting systems can meet the highest demands of every type of cash center.
In 2020, North America led the market with a substantial revenue share, followed by Europe and APAC. The promising market growth in this region is ascribed to the presence of multiple sorting cash machine providers. Players such as Cummins Allison; Laurel Bank Machines Co., Ltd; and Cash Processing Solutions have their footprints in North America, and these companies are addressing the business requirements of supermarkets, banks, and other users. Further, the presence of many banks in the region, especially in the US, is another prevailing factor boosting the demand for sorting cash machines.
The US held the largest share in North America region. The US is one of the prominent countries which substantially contributes the sorting cash machine market in North America. Being the largest economy and having diversified economic sectors majority of Fortune 1000 companies has significant presence in the country. Moreover, the country is home to world highest number of amusement parks and casinos at national and regional level which have a high demand for cash sorting machines. Meanwhile, the supermarkets are known for using advanced technologies including sorting cash machine to reduce waiting time. Also, the presence of manufacturers such as Cummins Allison and Cash Processing Solutions among others is also propelling the market growth in the country.
The major companies in solid state drives includes Cummins Allison (Crane Payment Innovations (CPI)), De La Rue plc, Giesecke+Devrient GmbH, Glory Global Solutions (International) Limited, and Toshiba Infrastructure Systems and Solutions Corporation. The ranking has been derived analysing multiple parameters such as annual revenue earned from sorting cash machine portfolio, client base, geographic locations, R&D expenditure, brand image, and number of employees, among others.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Sorting Cash Machine Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Sorting Cash Machine Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand from Different End-Use Industries
5.1.2 Various Benefits Offered by Cash Sorting Machines
5.2 Market Restraints
5.2.1 Penetration of Digital Transaction Solutions
5.3 Market Opportunities
5.3.1 Increasing Penetration of Supermarkets in Developing Countries
5.4 Future Trends
5.4.1 Technological Advancements in Cash Sorting Machines
6. Sorting Cash Machine Market – Global Analysis
6.1 Sorting Cash Machine Global Overview
6.2 Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Sorting Cash Machine Market - Type
7.1 Overview
7.2 Sorting Cash Machine Market Breakdown, By Type (2020 and 2028)
7.3 Bank Note Sorter
7.3.1 Overview
7.3.2 Bank Note Sorter: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
7.4 Coin Sorter
7.4.1 Overview
7.4.2 Coin sorter: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
8. Sorting Cash Machine Market – By Application
8.1 Overview
8.2 Sorting Cash Machine Market Breakdown, By Application (2020 and 2028)
8.3 Bank
8.3.1 Overview
8.3.2 Bank: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
8.4 Super Market
8.4.1 Overview
8.4.2 Super Market: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
9. Sorting Cash Machine Market – Geographic Analysis
9.1 Overview
9.2 North America: Sorting Cash Machine Market
9.2.1 Overview
9.2.2 North America Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
9.2.3 North America Sorting Cash Machine Market Breakdown, By Type
9.2.4 North America Sorting Cash Machine Market Breakdown, By Application
9.2.5 North America Sorting Cash Machine Market Breakdown, by Country
9.2.5.1 US Sorting Cash Machine Market, Revenue and Forecast to 2028
9.2.5.1.1 US Sorting Cash Machine Market Breakdown, By Type
9.2.5.1.2 US Sorting Cash Machine Market Breakdown, By Application
9.2.5.2 Canada Sorting Cash Machine Market, Revenue and Forecast to 2028
9.2.5.2.1 Canada Sorting Cash Machine Market Breakdown, By Type
9.2.5.2.2 Canada Sorting Cash Machine Market Breakdown, By Application
9.2.5.3 Mexico Sorting Cash Machine Market, Revenue and Forecast to 2028
9.2.5.3.1 Mexico Sorting Cash Machine Market Breakdown, By Type
9.2.5.3.2 Mexico Sorting Cash Machine Market Breakdown, By Application
9.3 Europe: Sorting Cash Machine Market
9.3.1 Overview
9.3.2 Europe: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
9.3.3 Europe Sorting Cash Machine Market Breakdown, By Type
9.3.4 Europe Sorting Cash Machine Market Breakdown, By Application
9.3.5 Europe Sorting Cash Machine Market Breakdown, by Country
9.3.5.1 Germany Sorting Cash Machine Market, Revenue and Forecast to 2028
9.3.5.1.1 Germany Sorting Cash Machine Market Breakdown, By Type
9.3.5.1.2 Germany Sorting Cash Machine Market Breakdown, By Application
9.3.5.2 France Sorting Cash Machine Market, Revenue and Forecast to 2028
9.3.5.2.1 France Sorting Cash Machine Market Breakdown, By Type
9.3.5.2.2 France Sorting Cash Machine Market Breakdown, By Application
9.3.5.3 Italy Sorting Cash Machine Market, Revenue and Forecast to 2028
9.3.5.3.1 Italy Sorting Cash Machine Market Breakdown, By Type
9.3.5.3.2 Italy Sorting Cash Machine Market Breakdown, By Application
9.3.5.4 UK Sorting Cash Machine Market, Revenue and Forecast to 2028
9.3.5.4.1 UK Sorting Cash Machine Market Breakdown, By Type
9.3.5.4.2 UK Sorting Cash Machine Market Breakdown, By Application
9.3.5.5 Russia Sorting Cash Machine Market, Revenue and Forecast to 2028
9.3.5.5.1 Russia Sorting Cash Machine Market Breakdown, By Type
9.3.5.5.2 Russia Sorting Cash Machine Market Breakdown, By Application
9.3.5.6 Rest of Europe Sorting Cash Machine Market, Revenue and Forecast to 2028
9.3.5.6.1 Rest of Europe Sorting Cash Machine Market Breakdown, By Type
9.3.5.6.2 Rest of Europe Sorting Cash Machine Market Breakdown, By Application
9.4 APAC: Sorting Cash Machine Market
9.4.1 Overview
9.4.2 APAC Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
9.4.3 APAC Sorting Cash Machine Market Breakdown, By Type
9.4.4 APAC Sorting Cash Machine Market Breakdown, By Application
9.4.5 APAC Sorting Cash Machine Market Breakdown, by Country
9.4.5.1 China Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.1.1 China Sorting Cash Machine Market Breakdown, By Type
9.4.5.1.2 China Sorting Cash Machine Market Breakdown, By Application
9.4.5.2 India Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.2.1 India Sorting Cash Machine Market Breakdown, By Type
9.4.5.2.2 India Sorting Cash Machine Market Breakdown, By Application
9.4.5.3 Japan Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.3.1 Japan Sorting Cash Machine Market Breakdown, By Type
9.4.5.3.2 Japan Sorting Cash Machine Market Breakdown, By Application
9.4.5.4 South Korea Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.4.1 South Korea Sorting Cash Machine Market Breakdown, By Type
9.4.5.4.2 South Korea Sorting Cash Machine Market Breakdown, By Application
9.4.5.5 Australia Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.5.1 Australia Sorting Cash Machine Market Breakdown, By Type
9.4.5.5.2 Australia Sorting Cash Machine Market Breakdown, By Application
9.4.5.6 Rest of APAC Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
9.4.5.6.1 Rest of APAC Sorting Cash Machine Market Breakdown, By Type
9.4.5.6.2 Rest of APAC Sorting Cash Machine Market Breakdown, By Application
9.5 MEA: Sorting Cash Machine Market
9.5.1 MEA: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 MEA: Sorting Cash Machine Market- by Type
9.5.3 MEA: Sorting Cash Machine Market- by Application
9.5.4 MEA: Sorting Cash Machine Market- by Key Country
9.5.4.1 South Africa: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Sorting Cash Machine Market- by Type
9.5.4.1.2 South Africa: Sorting Cash Machine Market- by Application
9.5.4.2 Saudi Arabia: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Sorting Cash Machine Market- by Type
9.5.4.2.2 Saudi Arabia: Sorting Cash Machine Market- by Application
9.5.4.3 UAE: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Sorting Cash Machine Market- by Type
9.5.4.3.2 UAE: Wind Turbine Foundation Market- by Application
9.5.4.4 Rest of MEA: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: Sorting Cash Machine Market- by Type
9.5.4.4.2 Rest of MEA: Sorting Cash Machine Market- by Application
9.6 SAM: Sorting Cash Machine Market
9.6.1 SAM: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 SAM: Sorting Cash Machine Market- by Type
9.6.3 SAM: Sorting Cash Machine Market- by Application
9.6.4 SAM: Sorting Cash Machine Market- by Key Country
9.6.4.1 Brazil: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Sorting Cash Machine Market- by Type
9.6.4.1.2 Brazil: Sorting Cash Machine Market- by Application
9.6.4.2 Argentina: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Sorting Cash Machine Market- by Type
9.6.4.2.2 Argentina: Sorting Cash Machine Market- by Application
9.6.4.3 Rest of SAM: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of SAM: Sorting Cash Machine Market- by Type
9.6.4.3.2 Rest of SAM: Sorting Cash Machine Market- by Application
10. Sorting Cash Machine Market- COVID-19 Impact Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 South America
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 CUMMINS ALLISON
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 BCASH, ELECTRONICS CO
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 De La Rue PLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Giesecke Devrient GmbH
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 GRG Banking
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Toshiba Infrastructure Systems and Solutions Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Kisan Electronics Co Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Julong europe GMBH
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Laurel Bank Machines Co Ltd.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Sorting Cash Machine Market, Revenue and Forecast To 2028 – By Type (US$ Million)
Table 3. North America Sorting Cash Machine Market, Revenue and Forecast To 2028 – By Application (US$ Million)
Table 4. North America Sorting Cash Machine Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 5. US Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 6. US Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 7. Canada Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 8. Canada Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 9. Mexico Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 10. Mexico Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 11. Europe Sorting Cash Machine Market, Revenue and Forecast To 2028 – By Type (US$ Million)
Table 12. Europe Sorting Cash Machine Market, Revenue and Forecast To 2028 – By Application (US$ Million)
Table 13. Europe Sorting Cash Machine Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 14. Germany Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 15. Germany Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 16. France Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 17. France Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 18. Italy Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 19. Italy Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 20. UK Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 21. UK Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 22. Russia Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 23. Russia Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 24. Rest of Europe Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 25. Rest of Europe Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 26. APAC Sorting Cash Machine Market, Revenue and Forecast To 2028 – By Type (US$ Million)
Table 27. APAC Sorting Cash Machine Market, Revenue and Forecast To 2028 – By Application (US$ Million)
Table 28. APAC Sorting Cash Machine Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 29. China Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 30. China Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 31. India Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 32. India Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 33. Japan Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 34. Japan Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 35. South Korea Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 36. South Korea Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 37. Australia Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 38. Australia Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 39. Rest of APAC Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 40. Rest of APAC Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 41. MEA: Sorting Cash Machine Market- by Type– Revenue and Forecast to 2028 (US$ Million)
Table 42. MEA: Sorting Cash Machine Market- by Application – Revenue and Forecast to 2028 (US$ Million)
Table 43. MEA: Sorting Cash Machine Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 44. South Africa: Sorting Cash Machine Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 45. South Africa: Sorting Cash Machine Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 46. Saudi Arabia: Sorting Cash Machine Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 47. Saudi Arabia: Sorting Cash Machine Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 48. UAE: Sorting Cash Machine Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 49. UAE: Wind Turbine Foundation Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 50. Rest of MEA: Sorting Cash Machine Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 51. Rest of MEA: Sorting Cash Machine Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 52. SAM: Sorting Cash Machine Market- by Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. SAM: Sorting Cash Machine Market- by Application – Revenue and Forecast to 2028 (US$ Million)
Table 54. SAM: Sorting Cash Machine Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 55. Brazil: Sorting Cash Machine Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 56. Brazil: Sorting Cash Machine Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 57. Argentina: Sorting Cash Machine Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 58. Argentina: Sorting Cash Machine Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 59. Rest of SAM: Sorting Cash Machine Market- by Type–Revenue and Forecast to 2028 (US$ Million)
Table 60. Rest of SAM: Sorting Cash Machine Market- by Application –Revenue and Forecast to 2028 (US$ Million)
Table 61. List of Abbreviation
LIST OF FIGURES
Figure 1. Sorting Cash Machine Market Segmentation
Figure 2. Sorting Cash Machine Market Segmentation – By Geography
Figure 3. Global Sorting Cash Machine Market Overview
Figure 4. Banknote Sorter Segment held the largest share in 2020
Figure 5. Bank Segment held the largest share in 2020
Figure 6. North America held the largest share in 2020
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Asia Pacific: PEST Analysis
Figure 10. Middle East & Africa: PEST Analysis
Figure 11. South America: PEST Analysis
Figure 12. Sorting Cash Machine Market – Ecosystem Analysis
Figure 13. Expert Opinion
Figure 1. Impact Analysis of Drivers and Restraints
Figure 2. Sorting Cash Machine Market – Geographic Analysis
Figure 3. Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 4. Sorting Cash Machine Market Breakdown, By Type (2020 and 2028)
Figure 5. Bank Note Sorter: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 6. Coin sorter: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 7. Sorting Cash Machine Market Breakdown, By Application (2020 and 2028)
Figure 8. Bank: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 9. Super Market: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 10. Others: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 11. Sorting Cash Machine Market Revenue Share, By Region (2020 and 2028)
Figure 12. North America Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Sorting Cash Machine Market Breakdown, By Type, 2020 & 2028 (%)
Figure 14. North America Sorting Cash Machine Market Breakdown, By Application, 2020 & 2028 (%)
Figure 15. North America Sorting Cash Machine Market Breakdown, by Country, 2020 & 2028 (%)
Figure 16. US Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
Figure 17. Canada Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
Figure 18. Mexico Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Sorting Cash Machine Market, Revenue and Forecast To 2028 (US$ Million)
Figure 20. Europe Sorting Cash Machine Market Breakdown, By Type, 2020 & 2028 (%)
Figure 21. Europe Sorting Cash Machine Market Breakdown, By Application, 2020 & 2028 (%)
Figure 22. Europe Sorting Cash Machine Market Breakdown, by Country, 2020 & 2028(%)
Figure 23. Germany Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
Figure 24. France Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
Figure 25. Italy Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
Figure 26. UK Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
Figure 27. Russia Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of Europe Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
Figure 29. APAC Sorting Cash Machine Market, Revenue and Forecast To 2028 (US$ Million)
Figure 30. APAC Sorting Cash Machine Market Breakdown, By Type, 2020 & 2028 (%)
Figure 31. APAC Sorting Cash Machine Market Breakdown, By Application, 2020 & 2028 (%)
Figure 32. APAC Sorting Cash Machine Market Breakdown, by Country, 2020 & 2028 (%)
Figure 33. China Sorting Cash Machine Market, Revenue and Forecast To 2028 (US$ Million)
Figure 34. India Sorting Cash Machine Market, Revenue and Forecast To 2028 (US$ Million)
Figure 35. Japan Sorting Cash Machine Market, Revenue and Forecast To 2028 (US$ Million)
Figure 36. South Korea Sorting Cash Machine Market, Revenue and Forecast To 2028 (US$ Million)
Figure 37. Australia Sorting Cash Machine Market, Revenue and Forecast To 2028 (US$ Million)
Figure 38. Rest of APAC Sorting Cash Machine Market, Revenue and Forecast To 2028 (US$ Million)
Figure 39. MEA: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. MEA: Sorting Cash Machine Market Revenue Share, By Type (2020 and 2028)
Figure 41. MEA: Sorting Cash Machine Market Revenue Share, By Application (2020 and 2028)
Figure 42. MEA: Sorting Cash Machine Market Revenue Share, By Key Country (2020 and 2028)
Figure 43. South Africa: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Saudi Arabia: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. UAE: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Rest of MEA: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. SAM: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. SAM: Sorting Cash Machine Market Revenue Share, By Type (2020 and 2028)
Figure 49. SAM: Sorting Cash Machine Market Revenue Share, By Application (2020 and 2028)
Figure 50. SAM: Sorting Cash Machine Market Revenue Share, By Key Country (2020 and 2028)
Figure 51. Brazil: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Argentina: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of SAM: Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Impact of COVID-19 Pandemic in North American Country Markets
Figure 55. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 56. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 57. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 58. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Sorting Cash Machine Market
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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