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2022
Coin Sorter Market

Coin Sorter Market by Type (Small Size Coin Sorter, Medium Size Coin Sorter, and Large Size Coin Sorter): Global Opportunity Analysis and Industry Forecast, 2021–2030

A04181
Pages: 145
Feb 2022 | 11151 Views
   
Author(s) : Pradeep Ravi, Kanhaiya Kathoke , Vineet Kumar
Tables: 76
Charts: 48
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Coin Sorter Market Outlook – 2030

The coin sorter market size was valued at $3.81 billion in 2020 and is projected to reach $8.41 billion by 2030, growing at a CAGR of 8.6% from 2021 to 2030.

Coin sorter is used as a sorting unit to facilitate the management of coins for cash intensive businesses. Implementation of coin sorting machine reduces 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. 

Coin-Sorter-Market

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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. However, increase in use of virtual money is expected to impact demand for coin sorters. Furthermore, several governments are committed to promote the introduction of a cashless society. Growth is further hampered by the proliferation of smartphone applications for digital transactions. On the contrary, developing economies of Asia-Pacific and LAMEA possess high potential for expansion of retail industry, which is expected to drive the coin sorter market growth during the forecast period. 

The report focuses on growth prospects, restraints, and trends of the coin sorter market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the coin sorter market.

Segment Review

The coin sorter market is segmented based on type and region. On the basis of type, the market is divided into small size coin sorter, medium size coin sorter, and large size coin sorter. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

The key players operating in the global coin sorter market include Giesecke & Devrient, Glory Global Solutions Limited, Laurel, De La Rue Plc Baija Baiter, Royal Sovereign, Cummins Allison, Suzhou Ribao Technology Co., Ltd., BCash, and CT Coin. 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.  

COVID-19 Impact Analysis

The COVID-19 pandemic has a negative impact on the coin sorter market, owing to increase in usage and adoption of online & digitalized payment methods among consumers globally. Central banks focused more on contactless payments and encouraged customers to adopt it to tackle from COVID-19. Moreover, banks and fintech industries are providing their customers with options of online payments across the globe to speed up their transaction process and enhance digitalized payments in the market. Thus, these factors hinder the growth of coin sorter industry during the crisis. 

Top Impacting Factors

Growth Potential for Developing Countries

Growth associated with commercial banks and the retail industry in developing nations is expected to augment the demand for coin starters to implement them for smooth & hassle-free handling of coins. Coin sorter machines have high demand from cash-intensive environments, such as the retail industry. Further, the market growth for mmf coin sorter products and surge in demand for technologically advanced coin separator machines are expected to enhance the market potential in developing economies. Thus, these developing countries with increase in banked population are expected to provide a significant market for the suppliers of all equipment, which forms the entire ecosystem of coin machines.

Coin Sorter Market
By Type

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Small size Coin Sorter machine segment accounted for the highest market share in 2020.

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Increased Market for Commercial Banks in Retail Industry

The small size coin sorter segment has high demand from cash-intensive environments, which includes the retail industry. Developing economies of Asia-Pacific and LAMEA possess high potential for expansion of retail industry, which is expected to drive the market growth during the forecast period. According to India Brand Equity Foundation, the retail industry in India is expected to achieve US$ 1.6 trillion market by 2026. Further, the banking sector is also growing at high rate.  

Penetration of Digital Transaction Solutions

High focus of consumers towards digital transaction solutions such as mobile wallets, prepaid cards, contactless payment, and others is expected to hamper the growth of the coin sorter industry during the forecast period. In addition, increase in penetration of virtual currency is expected to affect the market demand. Moreover, various governments are determined to support the implementation of cashless society. Proliferation of smartphone applications for digital transactions also hinders the growth of the coin sorter market. 

Coin Sorter Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 11.7% during 2021-2030

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Key Benefits for Stakeholders 

  • The study provides in-depth analysis of the coin sorter market share along with current trends and future estimations to illustrate the imminent investment pockets.
  • Information about key drivers, restrains, and opportunities and their impact analysis on the coin sorter market size are provided in the report.
  • The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the coin sorter market.
  • An extensive analysis of the key segments of the industry helps to understand the coin sorter market trends.
  • The quantitative analysis of the coin sorter market forecast from 2021 to 2030 is provided to determine the market potential. 

Key Market Segments

  • By Type
    • Small Size Coin Sorter
    • Medium Size Coin Sorter
    • Large Size Coin Sorter
  • By Region
    • North America
      • U.S.
      • Canada
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
      • Rest of Asia-Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa
  • By Key Market Players
    • Giesecke & Devrient
    • Glory Global Solutions Limited
    • Laurel
    • De La Rue Plc
    • Baija Baiter
    • Royal Sovereign
    • Cummins Allison
    • Suzhou Ribao Technology Co., Ltd.
    • BCash
    • CT Coin
 

CHAPTER 1:  INTRODUCTION

1.1.Report Description
1.2.Key Market Segments
1.3.Key Benefits
1.4.Research Methodology

1.4.1.Primary Research
1.4.2.Secondary Research
1.4.3.Analyst Tools and Models

CHAPTER 2:  EXECUTIVE SUMMARY

2.1.CXO Perspective

CHAPTER 3:  MARKET LANDSCAPE

3.1.Market Definition and Scope
3.2.Key Findings

3.2.1.Top Investment Pockets
3.2.2.Top Winning Strategies

3.3.Porter's Five Forces Analysis

3.3.1.Bargaining Power of Suppliers
3.3.2.Threat of New Entrants
3.3.3.Threat of Substitutes
3.3.4.Competitive Rivalry
3.3.5.Bargaining Power among Buyers

3.4.Market Share Analysis/Top Player Positioning

3.4.1.Market Share Analysis/Top Player Positioning 2020

3.5.Market Dynamics

3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities

3.6. COVID-19 Impact Analysis
3.7. Market Share Analysis
3.8. Competitive Heatmap

CHAPTER 4:  COIN SORTER MARKET, BY TYPE

4.1.Market Overview

4.1.1Market Size and Forecast, By Type

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 Share 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 Share 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 Share Analysis, By Country

CHAPTER 5:  COIN SORTER MARKET, BY REGION

5.1.Market Overview

5.1.1Market Size and Forecast, By Region

5.2.North America

5.2.1.Key Market Trends and Opportunities
5.2.2.Market Size and Forecast, By Type
5.2.3.Market Size and Forecast, By Country
5.2.4.United States Coin Sorter Market

5.2.4.1.Market Size and Forecast, By Type

5.2.5.Canada Coin Sorter Market

5.2.5.1.Market Size and Forecast, By Type

5.3.Europe

5.3.1.Key Market Trends and Opportunities
5.3.2.Market Size and Forecast, By Type
5.3.3.Market Size and Forecast, By Country
5.3.4.U.K Coin Sorter Market

5.3.4.1.Market Size and Forecast, By Type

5.3.5.Germany Coin Sorter Market

5.3.5.1.Market Size and Forecast, By Type

5.3.6.France Coin Sorter Market

5.3.6.1.Market Size and Forecast, By Type

5.3.7.Italy Coin Sorter Market

5.3.7.1.Market Size and Forecast, By Type

5.3.8.Spain Coin Sorter Market

5.3.8.1.Market Size and Forecast, By Type

5.3.9.Rest Of Europe Coin Sorter Market

5.3.9.1.Market Size and Forecast, By Type

5.4.Asia-Pacific

5.4.1.Key Market Trends and Opportunities
5.4.2.Market Size and Forecast, By Type
5.4.3.Market Size and Forecast, By Country
5.4.4.China Coin Sorter Market

5.4.4.1.Market Size and Forecast, By Type

5.4.5.Japan Coin Sorter Market

5.4.5.1.Market Size and Forecast, By Type

5.4.6.India Coin Sorter Market

5.4.6.1.Market Size and Forecast, By Type

5.4.7.Australia Coin Sorter Market

5.4.7.1.Market Size and Forecast, By Type

5.4.8.South Korea Coin Sorter Market

5.4.8.1.Market Size and Forecast, By Type

5.4.9.Rest Of Asia-pacific Coin Sorter Market

5.4.9.1.Market Size and Forecast, By Type

5.5.LAMEA

5.5.1.Key Market Trends and Opportunities
5.5.2.Market Size and Forecast, By Type
5.5.3.Market Size and Forecast, By Country
5.5.4.Latin America Coin Sorter Market

5.5.4.1.Market Size and Forecast, By Type

5.5.5.Middle East Coin Sorter Market

5.5.5.1.Market Size and Forecast, By Type

5.5.6.Africa Coin Sorter Market

5.5.6.1.Market Size and Forecast, By Type

CHAPTER 6:  COMPANY PROFILES

6.1.Giesecke And Devrient

6.1.1.Company Overview
6.1.2.Key Executives
6.1.3.Company snapshot
6.1.4.Operating business segments
6.1.5.Product portfolio
6.1.6.Business Performance
6.1.7.Key Strategic Moves and Developments

6.2.Glory Global Solutions Limited

6.2.1.Company Overview
6.2.2.Key Executives
6.2.3.Company snapshot
6.2.4.Operating business segments
6.2.5.Product portfolio
6.2.6.Business Performance
6.2.7.Key Strategic Moves and Developments

6.3.Laurel

6.3.1.Company Overview
6.3.2.Key Executives
6.3.3.Company snapshot
6.3.4.Operating business segments
6.3.5.Product portfolio
6.3.6.Business Performance
6.3.7.Key Strategic Moves and Developments

6.4.De La Rue Plc

6.4.1.Company Overview
6.4.2.Key Executives
6.4.3.Company snapshot
6.4.4.Operating business segments
6.4.5.Product portfolio
6.4.6.Business Performance
6.4.7.Key Strategic Moves and Developments

6.5.Baija Baiter

6.5.1.Company Overview
6.5.2.Key Executives
6.5.3.Company snapshot
6.5.4.Operating business segments
6.5.5.Product portfolio
6.5.6.Business Performance
6.5.7.Key Strategic Moves and Developments

6.6.Royal Sovereign

6.6.1.Company Overview
6.6.2.Key Executives
6.6.3.Company snapshot
6.6.4.Operating business segments
6.6.5.Product portfolio
6.6.6.Business Performance
6.6.7.Key Strategic Moves and Developments

6.7.Cummins Allison

6.7.1.Company Overview
6.7.2.Key Executives
6.7.3.Company snapshot
6.7.4.Operating business segments
6.7.5.Product portfolio
6.7.6.Business Performance
6.7.7.Key Strategic Moves and Developments

6.8.Suzhou Ribao Technology Co., Ltd.

6.8.1.Company Overview
6.8.2.Key Executives
6.8.3.Company snapshot
6.8.4.Operating business segments
6.8.5.Product portfolio
6.8.6.Business Performance

6.8.7.Key Strategic Moves and Developments

6.9.BCash

6.9.1.Company Overview
6.9.2.Key Executives
6.9.3.Company snapshot
6.9.4.Operating business segments
6.9.5.Product portfolio
6.9.6.Business Performance
6.9.7.Key Strategic Moves and Developments

6.10.CT Coin

6.10.1.Company Overview
6.10.2.Key Executives
6.10.3.Company snapshot
6.10.4.Operating business segments
6.10.5.Product portfolio
6.10.6.Business Performance
6.10.7.Key Strategic Moves and Developments

LIST OF TABLES

TABLE 1.GLOBAL COIN SORTER MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 2.GLOBAL COIN SORTER MARKET FOR SMALL SIZE COIN SORTER, BY REGION, 2020-2030 ($MILLION)
TABLE 3.GLOBAL COIN SORTER MARKET FOR MEDIUM SIZE COIN SORTER, BY REGION, 2020-2030 ($MILLION)
TABLE 4.GLOBAL COIN SORTER MARKET FOR LARGE SIZE COIN SORTER, BY REGION, 2020-2030 ($MILLION)
TABLE 5.GLOBAL COIN SORTER MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 6.NORTH AMERICA COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 7.UNITED STATES COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 8.CANADA COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 9.EUROPE COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 10.UNITED KINGDOM COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 11.GERMANY COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 12.FRANCE COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 13.ITALY COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 14.SPAIN COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 15.REST OF EUROPE COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 16.ASIA-PACIFIC COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 17.CHINA COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 18.JAPAN COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 19.INDIA COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 20.AUSTRALIA COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 21.SOUTH KOREA COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 22.REST OF ASIA-PACIFIC COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 23.LAMEA COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 24.LATIN AMERICA COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 25.MIDDLE EAST COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 26.AFRICA COIN SORTER, BY TYPE, 2020-2030 ($MILLION)
TABLE 27.GIESECKE AND DEVRIENT: KEY EXECUTIVES
TABLE 28.GIESECKE AND DEVRIENT: COMPANY SNAPSHOT
TABLE 29.GIESECKE AND DEVRIENT: OPERATING SEGMENTS
TABLE 30.GIESECKE AND DEVRIENT: PRODUCT PORTFOLIO
TABLE 31.GIESECKE AND DEVRIENT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 32.GLORY GLOBAL SOLUTIONS LIMITED: KEY EXECUTIVES
TABLE 33.GLORY GLOBAL SOLUTIONS LIMITED: COMPANY SNAPSHOT
TABLE 34.GLORY GLOBAL SOLUTIONS LIMITED: OPERATING SEGMENTS
TABLE 35.GLORY GLOBAL SOLUTIONS LIMITED: PRODUCT PORTFOLIO
TABLE 36.GLORY GLOBAL SOLUTIONS LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 37.LAUREL: KEY EXECUTIVES
TABLE 38.LAUREL: COMPANY SNAPSHOT
TABLE 39.LAUREL: OPERATING SEGMENTS
TABLE 40.LAUREL: PRODUCT PORTFOLIO
TABLE 41.LAUREL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 42.DE LA RUE PLC: KEY EXECUTIVES
TABLE 43.DE LA RUE PLC: COMPANY SNAPSHOT
TABLE 44.DE LA RUE PLC: OPERATING SEGMENTS
TABLE 45.DE LA RUE PLC: PRODUCT PORTFOLIO
TABLE 46.DE LA RUE PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 47.BAIJA BAITER: KEY EXECUTIVES
TABLE 48.BAIJA BAITER: COMPANY SNAPSHOT
TABLE 49.BAIJA BAITER: OPERATING SEGMENTS
TABLE 50.BAIJA BAITER: PRODUCT PORTFOLIO
TABLE 51.BAIJA BAITER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 52.ROYAL SOVEREIGN: KEY EXECUTIVES
TABLE 53.ROYAL SOVEREIGN: COMPANY SNAPSHOT
TABLE 54.ROYAL SOVEREIGN: OPERATING SEGMENTS
TABLE 55.ROYAL SOVEREIGN: PRODUCT PORTFOLIO
TABLE 56.ROYAL SOVEREIGN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 57.CUMMINS ALLISON: KEY EXECUTIVES
TABLE 58.CUMMINS ALLISON: COMPANY SNAPSHOT
TABLE 59.CUMMINS ALLISON: OPERATING SEGMENTS
TABLE 60.CUMMINS ALLISON: PRODUCT PORTFOLIO
TABLE 61.CUMMINS ALLISON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 62.SUZHOU RIBAO TECHNOLOGY CO., LTD.: KEY EXECUTIVES
TABLE 63.SUZHOU RIBAO TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
TABLE 64.SUZHOU RIBAO TECHNOLOGY CO., LTD.: OPERATING SEGMENTS
TABLE 65.SUZHOU RIBAO TECHNOLOGY CO., LTD.: PRODUCT PORTFOLIO
TABLE 66.SUZHOU RIBAO TECHNOLOGY CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 67.BCASH: KEY EXECUTIVES
TABLE 68.BCASH: COMPANY SNAPSHOT
TABLE 69.BCASH: OPERATING SEGMENTS
TABLE 70.BCASH: PRODUCT PORTFOLIO
TABLE 71.BCASH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 72.CT COIN: KEY EXECUTIVES
TABLE 73.CT COIN: COMPANY SNAPSHOT
TABLE 74.CT COIN: OPERATING SEGMENTS
TABLE 75.CT COIN: PRODUCT PORTFOLIO
TABLE 76.CT COIN: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 1.GLOBAL COIN SORTER MARKET SEGMENTATION
FIGURE 2.GLOBAL COIN SORTER MARKET
FIGURE 3.SEGMENTATION COIN SORTER MARKET
FIGURE 4.TOP INVESTMENT POCKET IN COIN SORTER MARKET
FIGURE 5.TOP WINNING STRATEGIES, 2019-2021*
FIGURE 6.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2019-2021(%)
FIGURE 7.TOP WINNING STRATEGIES, BY COMPANY, 2019-2021*
FIGURE 8.MODERATE BARGAINING POWER OF BUYERS
FIGURE 9.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 10.MODERATE THREAT OF NEW ENTRANTS
FIGURE 11.LOW THREAT OF SUBSTITUTION
FIGURE 12.HIGH COMPETITIVE RIVALRY
FIGURE 13.TOP PLAYER POSITIONING, 2020
FIGURE 14.MARKET SHARE ANALYSIS, 2020
FIGURE 15.RESTRAINTS AND DRIVERS: COIN SORTER MARKET
FIGURE 16.COIN SORTER MARKET SEGMENTATION, BY TYPE
FIGURE 17.COIN SORTER MARKET FOR SMALL SIZE COIN SORTER, BY COUNTRY, 2020-2030 ($MILLION)
FIGURE 18.COIN SORTER MARKET FOR MEDIUM SIZE COIN SORTER, BY COUNTRY, 2020-2030 ($MILLION)
FIGURE 19.COIN SORTER MARKET FOR LARGE SIZE COIN SORTER, BY COUNTRY, 2020-2030 ($MILLION)
FIGURE 20.GIESECKE AND DEVRIENT: NET SALES, 2018-2020 ($MILLION)
FIGURE 21.GIESECKE AND DEVRIENT: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 22.GIESECKE AND DEVRIENT: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 23.GLORY GLOBAL SOLUTIONS LIMITED: NET SALES, 2018-2020 ($MILLION)
FIGURE 24.GLORY GLOBAL SOLUTIONS LIMITED: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 25.GLORY GLOBAL SOLUTIONS LIMITED: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 26.LAUREL: NET SALES, 2018-2020 ($MILLION)
FIGURE 27.LAUREL: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 28.LAUREL: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 29.DE LA RUE PLC: NET SALES, 2018-2020 ($MILLION)
FIGURE 30.DE LA RUE PLC: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 31.DE LA RUE PLC: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 32.BAIJA BAITER: NET SALES, 2018-2020 ($MILLION)
FIGURE 33.BAIJA BAITER: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 34.BAIJA BAITER: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 35.ROYAL SOVEREIGN: NET SALES, 2018-2020 ($MILLION)
FIGURE 36.ROYAL SOVEREIGN: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 37.ROYAL SOVEREIGN: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 38.CUMMINS ALLISON: NET SALES, 2018-2020 ($MILLION)
FIGURE 39.CUMMINS ALLISON: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 40.CUMMINS ALLISON: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 41.SUZHOU RIBAO TECHNOLOGY CO., LTD.: NET SALES, 2018-2020 ($MILLION)
FIGURE 42.SUZHOU RIBAO TECHNOLOGY CO., LTD.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 43.SUZHOU RIBAO TECHNOLOGY CO., LTD.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 44.BCASH: NET SALES, 2018-2020 ($MILLION)
FIGURE 45.BCASH: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 46.BCASH: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 47.CT COIN: NET SALES, 2018-2020 ($MILLION)
FIGURE 48.CT COIN: REVENUE SHARE, BY SEGMENT, 2020 (%)
CT COIN: REVENUE SHARE, BY REGION, 2020 (%)


 
 

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 globally. 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 during the forecast period, owing to rise in demand for technologically advanced products in countries such as India, China, and Japan.

Increase in adoption of coin sorters in the retail industry due to presence of cash-intensive environment fuels the demand for small size coin sorters. The market is influenced by rise in demand for technologically advanced products, increase in demand for automated cash-handling products, surge in demand for technologically advanced self-service machines, and increase of 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, the 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. In addition, initiatives by commercial banks are expected to propel the market growth. For instance, in May 2019, Siam Commercial Bank announced to implement machines that facilitate the deposition of coins into their bank accounts.

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FREQUENTLY ASKED QUESTIONS?
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A. The coin sorter market is estimated to grow at a CAGR of 8.6% from 2021 to 2030.

A. The coin sorter market is projected to reach $8.41 billion by 2030.

A. To get the latest version of sample report

A. Growth associated with commercial banks & retail industry, increase in demand for automated cash handling products, inclination of consumers towards digital transaction solutions, etc.

A. The key players profiled in the report include Giesecke & Devrient, Glory Global Solutions Limited, Laurel, De La Rue Plc Baija Baiter, and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The coin sorter market is segmented on the basis of type and region.

A. The key growth strategies of coin sorter market players include acquisition, geographical expansion, product development, strategic alliance, and collaboration.

A. Large size Coin Sorter Machine segment would grow at a highest CAGR of 11.3% during the forecast period.

A. Asia-Pacific region will dominate the market by the end of 2030.

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Featured Reports

 

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Global Opportunity Analysis and Industry Forecast, 2021–2028

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Global Opportunity Analysis and Industry Forecast, 2021–2030

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Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

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Global Opportunity Analysis and Industry Forecast, 2020–2027

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Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers