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Coin Sorter Market by Type (Small Size Coin Sorter, Medium Size Coin Sorter, and Large Size Coin Sorter) - Global Opportunity Analysis and Industry Forecast, 2016-2023

BF 184532
Pages: 145
Jan 2018 | 540 Views
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Author's : Pankaj Lanjudkar
Tables: 37
Charts: 41
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Coin Sorter Market Overview:

Coin sorter is used as a sorting unit to facilitate the management of cons for cash intensive businesses. Implementation of coin sorting machines reduces the human efforts wasted during the processes of counting and sorting. These products establish automated cash-handling process for coins and enable time & cost saving for the organization by delivering error free results.

The global coin sorter market is segmented based on type and geography. By type, the market is divided into small size coin sorter, medium size coin sorter, and large size coin sorter.

This report features information on coin sorter offered by key vendors. Regionally, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Furthermore, the report highlights the altered strategies of key players which they have adopted to improve their coin sorter market share and sustain competition.

The Global Coin Sorter Market

Coin Sorter Market

 The Global Coin Sorter Market, By Type

Coin Sorter Market

The Global Coin Sorter Market Segmentation

The global coin sorter market was valued at $3,486 million in 2016, and is projected to reach $5,415 million by 2023, growing at a CAGR of 6.8% from 2017 to 2023.
The North America coin sorter market generated the highest revenue in 2016, owing to rise in demand for advanced products and growth associated with retail & banking sector, which stimulate end users to enhance their automated cash handling needs. The Asia-Pacific coin sorter market growth is expected to witness highest CAGR, owing to the presence of high untapped market potential and surge in need for advanced products.

The key players operating in the global coin sorter market include Giesecke & Devrient, Glory Global Solutions Limited, Laurel, Delarue, Baija Baiter, Royal Sovereign, Cummins Allison, Suzhou Ribao Technology Co., ltd., BCash, CT Coin, and others. These players have expanded their coin sorter market share by adopting various business strategies, such as acquisition, geographical expansion, product development, strategic alliance, and collaboration.

Top Investment Pockets

The following figure represents the coin sorter market attractiveness for various regions. It is evident from the figure that the Asia-Pacific is the top investment pocket, owing to factors such as increase in adoption of advanced products among end users and growth associated with retail industry in the countries such as China, Japan, and Australia. LAMEA is projected to be the second most lucrative segment, due to considerable economic growth in Central America and Latin America. In 2016, the Asia-Pacific accounted for $609 million, and is expected to reach $1,067 million by 2023, growing at a CAGR of 8.7% during the forecast period.

Top Impacting Factors

The global coin sorter market is influenced by a number of factors, including growth associated with commercial banks & retail industry, increase in demand for automated cash handling products, surge in demand for technologically advanced self-service machines, increased application areas, and inclination of consumers towards digital transaction solutions.

Key Benefits for Stakeholders

  • In-depth analysis of the market and dynamics is provided to understand the market scenario.
  • Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.
  • Porter’s Five Forces analysis examines the competitive structure of the market and provides a clear understanding of the factors that influence the market entry and expansion.
  • A detailed analysis of the geographical segments enables identification of profitable segments for market players in the global coin sorter industry.
  • Comprehensive analysis of the trends, subsegments, and key revenue pockets is provided.
  • Detailed analysis of the key players operating in the industry and their business strategies is anticipated to assist stakeholders to take informed business decisions.

Coin Sorter Market Key Segments:

By Type

  • Small Size Coin Sorter
  • Medium Size Coin Sorter
  • Large Size Coin Sorter

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Arica

Key Players Profiled in the Report

  • Giesecke & Devrient
  • Glory Global Solutions Limited
  • Laurel
  • Delarue
  • Baija Baiter
  • Royal Sovereign
  • Cummins Allison
  • Suzhou Ribao Technology Co., ltd.
  • BCash
  • CT Coin
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. KEY MARKET SEGMENTATION
1.5. RESEARCH METHODOLOGY

1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.2.3.1. Top winning strategies, by year, 20152018*
3.2.3.2. Top winning strategies, by development, 20152018* (%)
3.2.3.3. Top winning strategies, by company, 20152018*

3.3. PORTERS FIVE FORCES ANALYSIS

3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Competitive rivalry

3.4. KEY PLAYER POSITIONING, 2016
3.5. MARKET DYNAMICS

3.5.1. Driver

3.5.1.1. Growth potential from developing economies

3.5.2. Restraint

3.5.2.1. Penetration of digital transaction solutions

3.5.3. Opportunity

3.5.3.1. Increased market for commercial banks and retail industry

Chapter: 4 COIN SORTER MARKET, BY TYPE

4.1. OVERVIEW
4.2. SMALL SIZE COIN SORTER

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country

4.3. MEDIUM SIZE COIN SORTER

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country

4.4. LARGE SIZE COIN SORTER

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country

Chapter: 5 COIN SORTER MARKET, BY GEOGRAPHY

5.1. OVERVIEW
5.2. NORTH AMERICA

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by country
5.2.3. Market size and forecast, by type

5.2.3.1. U.S.

5.2.3.1.1. Market size and forecast, by type

5.2.3.2. Canada

5.2.3.2.1. Market size and forecast, by type

5.2.3.3. Mexico

5.2.3.3.1. Market size and forecast, by type

5.3. EUROPE

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by country
5.3.3. Market size and forecast, by type

5.3.3.1. UK

5.3.3.1.1. Market size and forecast, by type

5.3.3.2. Germany

5.3.3.2.1. Market size and forecast, by type

5.3.3.3. France

5.3.3.3.1. Market size and forecast, by type

5.3.3.4. Rest of Europe

5.3.3.4.1. Market size and forecast, by type

5.4. ASIA-PACIFIC

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by country
5.4.3. Market size and forecast, by type

5.4.3.1. China

5.4.3.1.1. Market size and forecast, by type

5.4.3.2. India

5.4.3.2.1. Market size and forecast, by type

5.4.3.3. Japan

5.4.3.3.1. Market size and forecast, by type

5.4.3.4. Rest of Asia-Pacific

5.4.3.4.1. Market size and forecast, by type

5.5. LAMEA

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market size and forecast, by type

5.5.3.1. Latin America

5.5.3.1.1. Market size and forecast, by type

5.5.3.2. Middle East

5.5.3.2.1. Market size and forecast, by type

5.5.3.3. Africa

5.5.3.3.1. Market size and forecast, by type

Chapter: 6 COMPANY PROFILE

6.1. BCASH ELECTRONICS CO.

6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Operating business segments

6.2. CTCOIN A/S

6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Operating business segments
6.2.4. Key strategic moves and developments

6.3. CUMMINS-ALLISON CORP.

6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Operating business segments
6.3.4. Key strategic moves and developments

6.4. DE LA RUE PLC.

6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Operating business segments
6.4.4. Product portfolio
6.4.5. Business performance
6.4.6. Key strategic moves and developments

6.5. GIESECKE+DEVRIENT CURRENCY TECHNOLOGY GMBH

6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Operating business segments
6.5.4. Product portfolio
6.5.5. Business performance
6.5.6. Key strategic moves and developments

6.6. GLORY LTD.

6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Operating business segments
6.6.4. Product portfolio
6.6.5. Business performance
6.6.6. Key strategic moves and developments

6.7. GUANGDONG BAIJIA BAITER CO., LTD.

6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Operating business segments

6.8. LAUREL BANK MACHINES CO., LTD.

6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Operating business segments
6.8.4. Business performance

6.9. ROYAL SOVEREIGN INTERNATIONAL, INC.

6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Operating business segments
6.9.4. Product portfolio

6.10. SUZHOU RIBAO TECHNOLOGY CO., LTD.

6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Operating business segments

LIST OF TABLES

TABLE 1. GLOBAL COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 2. SMALL SIZE COIN SORTER MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 3. MEDIUM SIZE COIN SORTER MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 4. LARGE SIZE COIN SORTER MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 5. COIN SORTER MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 6. NORTH AMERICA COIN SORTER MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 7. NORTH AMERICA COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 8. U.S. COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 9. CANADA COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 10. MEXICO COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 11. EUROPE COIN SORTER MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 12. EUROPE COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 13. UK COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 14. GERMANY COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 15. FRANCE COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 16. REST OF EUROPE COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 17. ASIA-PACIFIC COIN SORTER MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 18. ASIA-PACIFIC COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 19. CHINA COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 20. INDIA COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 21. JAPAN COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 22. REST OF ASIA-PACIFIC COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 23. LAMEA COIN SORTER MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 24. LAMEA COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 25. LATIN AMERICA COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 26. MIDDLE EAST COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 27. AFRICA COIN SORTER MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 28. BCASH ELECTRONICS CO: COMPANY SNAPSHOT
TABLE 29. BCASH ELECTRONICS CO: OPERATING SEGMENTS
TABLE 30. CTCOIN A/S: COMPANY SNAPSHOT
TABLE 31. CTCOIN A/S: OPERATING SEGMENTS
TABLE 32. CUMMINS-ALLISON CORP.: COMPANY SNAPSHOT
TABLE 33. CUMMINS-ALLISON CORP: OPERATING SEGMENTS
TABLE 34. DE LA RUE PLC.: COMPANY SNAPSHOT
TABLE 35. DE LA RUE PLC.: OPERATING SEGMENTS
TABLE 36. DE LA RUE PLC: PRODUCT PORTFOLIO
TABLE 37. GIESECKE & DEVRIENT GMBH: COMPANY SNAPSHOT
TABLE 38. GIESECKE & DEVRIENT GMBH: OPERATING SEGMENTS
TABLE 39. GIESECKE & DEVRIENT GMBH: PRODUCT PORTFOLIO
TABLE 40. GLORY LTD.: COMPANY SNAPSHOT
TABLE 41. GLORY LTD.: OPERATING SEGMENTS
TABLE 42. GLORY LTD: PRODUCT PORTFOLIO
TABLE 43. GUANGDONG BAIJIA BAITER CO., LTD.: COMPANY SNAPSHOT
TABLE 44. GUANGDONG BAIJIA BAITER CO., LTD.: OPERATING SEGMENTS
TABLE 45. LAUREL BANK MACHINES CO., LTD.: COMPANY SNAPSHOT
TABLE 46. LAUREL BANK MACHINES CO., LTD.: OPERATING SEGMENTS
TABLE 47. ROYAL SOVEREIGN INTERNATIONAL, INC.: COMPANY SNAPSHOT
TABLE 48. ROYAL SOVEREIGN INTERNATIONAL, INC.: OPERATING SEGMENTS
TABLE 49. ROYAL SOVEREIGN INTERNATIONAL, INC.: PRODUCT PORTFOLIO
TABLE 50. SUZHOU RIBAO TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
TABLE 51. SUZHOU RIBAO TECHNOLOGY CO., LTD.: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 1. KEY MARKET SEGMENTATION
FIGURE 2. TOP IMPACTING FACTORS
FIGURE 3. TOP INVESTMENT POCKETS
FIGURE 4. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 5. MODERATE BARGAINING POWER OF BUYERS
FIGURE 6. MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 7. MODERATE-HIGH THREAT OF NEW ENTRANTS
FIGURE 8. HIGH COMPETITIVE RIVALRY
FIGURE 9. KEY PLAYER POSITIONING OF GLOBAL COIN SORTER MARKET, 2016
FIGURE 10. MARKET DYNAMICS
FIGURE 11. GLOBAL COIN SORTER MARKET, BY TYPE
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF SMALL SIZE COIN SORTER MARKET, BY COUNTRY 2016 & 2023 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF MEDIUM SIZE COIN SORTER MARKET, BY COUNTRY 2016 & 2023 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF LARGE SIZE COIN SORTER MARKET, BY COUNTRY 2016 & 2023 (%)
FIGURE 15. COIN SORTER MARKET, BY GEOGRAPHY
FIGURE 16. NORTH AMERICA COIN SORTER MARKET
FIGURE 17. U.S. COIN SORTER MARKET, 2016-2023 ($MILLION)
FIGURE 18. CANADA COIN SORTER MARKET, 2016-2023 ($MILLION)
FIGURE 19. MEXICO COIN SORTER MARKET, 2016-2023 ($MILLION)
FIGURE 20. EUROPE COIN SORTER MARKET
FIGURE 21. UK COIN SORTER MARKET, 2016-2023 ($MILLION)
FIGURE 22. GERMANY COIN SORTER MARKET, 2016-2023 ($MILLION)
FIGURE 23. FRANCE COIN SORTER MARKET, 2016-2023 ($MILLION)
FIGURE 24. REST OF EUROPE COIN SORTER MARKET, 2016-2023 ($MILLION)
FIGURE 25. ASIA-PACIFIC COIN SORTER MARKET
FIGURE 26. CHINA COIN SORTER MARKET, 2016-2023 ($MILLION)
FIGURE 27. INDIA COIN SORTER MARKET, 2016-2023 ($MILLION)
FIGURE 28. JAPAN COIN SORTER MARKET, 2016-2023 ($MILLION)
FIGURE 29. REST OF ASIA-PACIFIC COIN SORTER MARKET, 2016-2023 ($MILLION)
FIGURE 30. LAMEA COIN SORTER MARKET
FIGURE 31. LATIN AMERICA COIN SORTER MARKET, 2016-2023 ($MILLION)
FIGURE 32. MIDDLE EAST COIN SORTER MARKET, 2016-2023 ($MILLION)
FIGURE 33. AFRICA COIN SORTER MARKET, 2016-2023 ($MILLION)
FIGURE 34. DE LA RUE PLC.: REVENUE, 20152017 ($MILLION)
FIGURE 35. DE LA RUE PLC.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 36. DE LA RUE PLC.: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 37. GIESECKE & DEVRIENT GMBH: REVENUE, 20142016 ($MILLION)
FIGURE 38. GIESECKE & DEVRIENT GMBH: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 39. GLORY LTD.: REVENUE, 20142016 ($MILLION)
FIGURE 40. GLORY LTD.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 41. LAUREL BANK MACHINES CO., LTD.: REVENUE, 2016 ($MILLION)

 

Coin sorter forms an integral part of automated cash-handling solutions. This device enables error-free coin management, which allows it to become one of the most popular industry solutions worldwide. Furthermore, the unprecedented growth in the banking & retail market predominantly drives the growth of the coin sorter market.
Moreover, increase in need to implement advanced sorting solution in the cash-intensive ecosystem fuels the market growth. The global coin sorter market is estimated to witness significant growth in Asia-Pacific and LAMEA, owing to rise in demand for technologically advanced products in countries such as India, China, Germany, and Japan. The coin sorter market share is projected to grow at a CAGR of 6.8% from 2017 to 2023, owing to increase in demand for application-specific products in the developed and the developing regions.

Increase in adoption of coin sorters in the retail industry due to presence of cash-intensive environment has fueled the demand for small size coin sorters. The market is influenced by rise in demand for technologically advanced products, demand for automated cash-handling products, surge in demand for technologically advanced self-service machines, increased application areas. However, increase in penetration of digital transaction solutions limits the market growth.

India is the most attractive market in Asia-Pacific, and is estimated to increase at a significant rate, owing to surge in development across end-use sectors and increase in adoption of advanced technology to develop innovative products. For instance, according to the India Brand Equity Foundation, retail industry in India is expected to achieve $1.6 trillion by 2026.

Key players in the coin sorter market are focused towards enhancing their existing product portfolio. This is anticipated to increase the product penetration and enable key providers to establish themselves in the emerging markets. For instance, in July 2017, G&D Currency Technology acquired Procoin GmbH to strengthen its position in the cash cycle automation market. With this acquisition, the company is expected to enhance their product offerings for the gradually growing automated cash handling market. In addition, initiatives by commercial banks are expected to propel the market growth. For instance, in May 2017, Siam Commercial Bank announced to implement machines that facilitate the deposition of coins into their bank accounts.

 

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