What are the Historical Developments and Current Growth Metrics of the Coin Sorter Market?
The coin sorter market has seen considerable growth due to a variety of factors.
• The coin sorter market has experienced significant growth in recent years. It is expected to grow from $4.21 billion in 2024 to $4.55 billion in 2025, at a CAGR of 8.1%.
The market’s growth is driven by urbanization, the expansion of the banking sector, the need for automation, higher volumes of cash in casinos, and the rise of self-service machines.
What is the Forecasted Market Size and CAGR for the Coin Sorter Market?
The coin sorter market is expected to maintain its strong growth trajectory in upcoming years.
• The coin sorter market is expected to grow strongly, reaching $6.18 billion by 2029, at a CAGR of 8.0%.
Growth is driven by e-commerce, cash management awareness, government support for cash transactions, and rising cash transactions in developing countries. Trends include AI integration, advanced sensor technology, real-time data analytics, IoT connectivity, and user-friendly interfaces.
What Key Factors and Trends Are Driving The Growth Coin Sorter Market?
The rise in cash transactions is expected to drive growth in the coin sorter market. Cash transactions involve immediate payment with physical currency, and their rise is driven by increased consumer demand for physical money in markets where digital payments are less accessible. Coin sorters make cash transactions more efficient by quickly sorting and counting coins, minimizing manual effort and errors. For example, UK Finance reported that in 2022, the number of cash payments in the UK rose to 6.4 billion from 6 billion in 2021, highlighting the ongoing demand for coin sorting solutions.
What Are The Market Segments In The Coin Sorter Market?
The coin sorter market covered in this report is segmented –
1) By Type: Large Size Coin Sorters, Medium Size Coin Sorters, Small Size Coin Sorters
2) By Display Type: Light Emitting Diode (LED) Display Coin Sorter, Liquid Crystal Display (LCD) Display Coin Sorter
3) By Capacity: Coin Bin Capacity, Hopper Capacity
4) By Application: Bank, Retailing, Other Applications
Subsegments:
1) By Large Size Coin Sorters: High Capacity Coin Sorters, Industrial Coin Sorters
2) By Medium Size Coin Sorters: Compact Coin Sorters, Commercial Coin Sorters
3) By Small Size Coin Sorters: Desktop Coin Sorters, Personal Coin Sorters
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What Trends Are Shaping The Coin Sorter Market?
Companies in the coin sorter market are enhancing sorting accuracy with advanced sensor-based technologies. In February 2023, REDWAVE Inc., an Austria-based manufacturer, launched the EDWAVE CX coin sorter, a sensor-integrated system that accurately sorts metal types by using advanced sensors to detect attributes like size, weight, and composition.
Who Are the Key Players In The Coin Sorter Market?
Major companies operating in the coin sorter market are:
• Giesecke+Devrient GmbH
• Glory Global Solutions Limited
• Crane Payment Innovations
• Royal Sovereign Inc.
• De La Rue Plc
• Cummins Allison
• Laurel Group
• Guangdong Baijia Baiter Co. Ltd.
• Julong Co. Ltd.
• Safescan BV
• Namibind Inc.
• Arihant Maxsell Technologies Pvt Ltd
• CT Coin Inc.
• GRG Banking
• KLOPP Coin Inc.
• Nadex Coins
• Semacon Business Machines Inc.
• Smars Inc.
• Suzhou Ribao Technology Co Ltd.
• SUZOHAPP Inc.
• Teachers Choice
• Bkash Inc.
What Are The Regional Insights Into The Coin Sorter Market?
North America was the largest region in the coin sorter market in 2024. The regions covered in the coin sorter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
