Currency sorter is a very frequently used tool in the financial sector. The currency sorter machine is utilized to simplify tedious tasks such as sorting large bundle of notes or coins in a bunch, thus avoiding unnecessary time wastage in manually counting. Moreover, it prevents errors in terms of currency counting or sorting of currency into a wrong section. Thus, use of a currency sorter is a rapid, and efficient way to organize monetary tasks.
Unhindered and non-intermittent flow of currency in banks, casinos, and other monetary organizations fuels the growth of the global currency sorter market. The major driving force for the market growth is the continuous circulation of the currency in bulk throughout the market from one sector to another, thus fueling the demand for currency sorter machines. However, presence of large number of currency sorter machine manufactures results in market saturation, thus restraining its exponential growth.
The currency sorter market is segmented based on type, product, technology, industry vertical, and application. On the basis of type, the market is classified into small, medium, and large. By product, it is categorized into bank note sorter and coin sorter. Based on technology, it is divided into magnetic, watermark, microprint, and others. According to industry vertical, it is divided into retail, banking, gaming, and transportation. Applications covered in the study include self-checkout machines, vending machines, kiosk, bank note counter, automatic/semiautomatic fare controllers, and casinos.
- The study provides an in-depth analysis of the currency sorter market with current and future trends to elucidate the imminent investment pockets in the market.
- The report provides information about the key drivers, restraints, and opportunities with impact analysis.
- Quantitative analysis of the current trends and future estimations from 2017 to 2023 are provided to showcase the financial caliber of the market.
- Porters Five Forces model analysis of the industry illustrates the potency of the buyers & suppliers participating in the market.
Currency Sorter Market Key Segmentation:
- Note Sorter
- Coin Sorter
By Industry Vertical
- Self-checkout machines
- Vending Machines
- Bank Note Counter
- Automatic/Semi-automatic Fare Controllers
- North America
- Giesecke & Devrient
- Cummins Allison Corp.
- Cassida Corporation
- Crane Payment Innovations
- Toshiba Corporation
- Kisan Electronics
- Glory Global Solutions
- Royal Sovereign
- Harbin Bill Sorter
- Guao Electronic