Sorting Cash Machine Market, By Type (Banknote Sorter and Coins Sorter), By Application (Bank and Supermarket), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

Sorting Cash Machine Market accounted for US$ 1.6billion in 2022 and is estimated to be 2.4billion by 2032 and is anticipated to register a CAGR of 4.0%.

Cash sorting machines are gaining demand due to cash-incentive businesses, which would simplify the management of cash in an organization. Cash sorting machine decrease human efforts and saves a considerable amount of time which would have been wasted in sorting and counting of cash. The machine automatically takes up a process of counting and sorting cash and provides error free results. Further, cash sorting machine offers more behavioral benefits such as less financial losses, less errors in sorting and counting with lower operational expenses, less chances of internal threats as per counting and sorting, among others.

Growth potential from developing economies

Growth related with retail industries and commercial banks among emerging nations is projected to drive the demand to implement note sorters for smooth & hassle-free handling of notes. Cash-intensive environments such as the retail industry offer huge demand for note sorter machines. Additionally, increased in demand for technologically advanced self-service machines and market growth for automated cash handling products are projected to improve the market potential among emerging economies. Therefore, these emerging countries with growth in banked population are anticipated to offer a significant market for the suppliers of all equipment, which makes the entire ecosystem of the note machines.

Growth in market for commercial banks and retail industry

Cash-intensive environments such as retail industry offers a huge demand for small size note sorter. Developing countries of Asia-Pacific and LAMEA witness huge potential for growth of retail industry, which is anticipated to boost the market growth over the forecast period. Moreover, the banking sector is also increasing at a high rate. According to World Bank, financial sector in South Asia is estimated to register a likely growth rate of 7.1% in 2018.

Conversely, cash sorting machines market is the increasing penetration of digital payments and wallets for payments at general stores, which is stimulating the growth in the cash sorting machines market.

Sorting cash machine market is segmented based on type, application, and region.

On the basis of type, the global sorting cash machine market is segmented into banknote sorter and coins sorter. On the basis of application, the target market is classified into bank and supermarket

Regional Insights:

On region the global sorting cash machine market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to lead the overall market over the forecast period, due to its highest adopter of note sorting machines.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest application trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global sorting cash machine market report based on type, application, and region.

Sorting Cash Machine Market, By Type:

• Banknote Sorter
• Coins Sorter

 Sorting Cash Machine Market, By Application:

• Bank
• Supermarket

 Sorting Cash Machine Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the sorting cash machine market includes Giesecke & Devrient GmbH, Cummins-Allison Corp., Glory Global Solutions Limited, De La Rue plc, Kisan Electronics, Toshiba Infrastructure Systems & Solutions Corporation, GRGBanking, Julong Europe GmbH, and Bcash Electronics Co., Laurel.

• Giesecke & Devrient GmbH
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies
• Cummins-Allison Corp.
• Glory Global Solutions Limited
• De La Rue plc
• Kisan Electronics
• Toshiba Infrastructure Systems & Solutions Corporation
• GRGBanking
• Julong Europe GmbH
• Bcash Electronics Co., Laurel

“*” marked represents similar segmentation in other categories in the respective section.