Currency Sorting Machine Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Giesecke & Devrient, Glory, Laurel, De La Rue

Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Currency Sorting Machine Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 4.6% during the review period (2022 to 2027). 

 Currency Sorting Machine Market Overview

Cash Sorting Machines nowadays are significantly being adopted in cash based organizations and institutions such as retail stores, casinos, amusement parks, commercial banks and others. Increasing disposable income and strong growth in savings is impacting the growth of financial institutes as well as retail sector throughout the world, which in turn is increasing the need of management of currency in terms of cash. This essential is influencing the adoption of cash sorting machines in financial institutes and the retail shopping sector, thus, creating remarkable growth for market. Also, some of the new innovation in cash sorting machine like weight based cash sorting, is facilitating the implementation of the cash sorting machines at an enhanced level, thus, driving the market for cash sorting machines.

Industry News:

 5. May 2022:Giesecke & Devrient -The GLOBAL CURRENCY FORUM, created by the ICA, is a future-focused, thought leadership event addressing the future role of cash in a rapidly changing payment landscape.A content-rich, multi-platform experience, the GLOBAL CURRENCY FORUM will showcase innovation and new technologies, share global best practices, offer sustainable solutions, and host frank and controversial conversations. 

21,Sept. 2021: Wolters Kluwer, a global leader in professional information, software solutions and services, today announced that Glory Ltd. (Glory),  global pioneer in the development and manufacture of cash handling machines and systems, headquartered in Japan, has selected CCH® Tagetik corporate performance management (CPM) expert solution to propel their business strategy with faster and better-informed decisions. Expected benefits include the centralization of data from various companies and divisions of the group, plus the visualization of management indicators essential to support the long-term growth of the business.

What are the major Applications, Types and Regions for Currency Sorting Machine Market?

By Type, it is segmented into

• Small Size


• Middle Size


• Large Size


• Others

By Applications

• Banknote Sorter


• Coin Sorter


• Others 

 Currency Sorting Machine Market Regional Analysis

Growth associated with retail and commercial banks industry among developing nations such as China, Japan, and India is expected to augment the demand to implement note sorters. Note sorter machines are widely applicable in retail industries for smooth & hassle-free handling of notes. Furthermore, the growth in the market for automated cash handling products and increase in demand for technologically advanced self-service machines are expected to increase the market potential in developing economies. Thus, increase in banked population among the developing nation is expected to provide a significant market for the note sorter machines.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Currency Sorting Machine Market report scope?

Key Takeaways from this Currency Sorting Machine Report

• Evaluate Currency Sorting Machine Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Currency Sorting Machine Market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The Currency Sorting Machine Market is studied from 2017 - 2027.

What is the growth rate of Currency Sorting Machine Market?

The Currency Sorting Machine Market is growing at a CAGR of 4.6% over the next 5 years.

Who are the key players in Currency Sorting Machine Market?

Giesecke & Devrient, Glory, Laurel, De La Rue, Toshiba, Kisan Electronics, Julong, Xinda, GRG Banking, Guao Electronic and others.

What region does this Currency Sorting Machine Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Currency Sorting Machine Market?

Small Size, Middle Size, Large Size,others

What are the major Applications of Currency Sorting Machine Market?

Banknote Sorter, Coin Sorter, others