What Has Been the Growth Trajectory of the Sorting Cash Machine Market?
The sorting cash machine market has seen considerable growth due to a variety of factors.
• The market size for cash sorting machines has consistently expanded over recent years. The market value is set to increase from $1.66 billion in 2024 to $1.74 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%.
This growth during the historical period can be credited to a rise in demand for self-service machines, enhanced cash handling processes, regulatory compliance, a surge in cashless transactions, and the uptake of multifunctional ATMs.
What Does the Future Hold for the Sorting Cash Machine Market?
The sorting cash machine market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for cash sorting machines is forecasted to witness a significant expansion in the upcoming years. It is projected to reach $2.2 billion by 2029, with a compound annual growth rate (CAGR) of 5.9%.
Factors contributing to this growth within the forecast period include the high usage of these machines in the retail banking sector of developing economies, the increase in the adoption of smart machines globally, the prevalence of contactless and digital payments, data analytics and reporting, and an uptick in cash recycling. Key trends in the forecast period encompass enhancements in security measures, technological advancements such as contactless payments and mobile banking, the emergence of multifunctional machines, heightened connectivity, and cash automation.
What Are the Critical Driver Fuelling the Sorting Cash Machine Market's Growth?
The sorting cash machine market is anticipated to experience growth due to the rising number of grocery stores and supermarkets. These are large establishments where a wide range of groceries and domestic necessities are sold. They deal with both large and small sums of money hence necessitating the use of sorting cash machines for counting notes, providing accurate data, and organizing them properly. For example, as reported by Reliance Retail, an Indian retail corporation, they launched over 3,300 new stores in 2023, demonstrating an increase from the figures reported in September 2022. Therefore, the surge in supermarkets and grocery store numbers is a key driver for the future growth of the sorting cash machine market.
How Is the Sorting Cash Machine Market segmented?
The sorting cash machine market covered in this report is segmented –
1) By Type: Notes Sorter, Coins Sorter
2) By Enterprise Size: Large Enterprises, Small and Medium Sized Enterprise
3) By Application: Bank, Super market, Hospital, Other Applications
Subsegments:
1) By Notes Sorter: Currency Discrimination Note Sorters, Mixed Denomination Note Sorters, Fitness Sorting Note Machines
2) By Coins Sorter: Manual Coin Sorters, Automatic Coin Sorters, Mixed Coin Sorters
Pre-Book The Sorting Cash Machine Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What New Trends Are Influencing the Sorting Cash Machine Market?
The rise of technological advancements is a prominent trend catching steam in the cash sorting machine industry. Major players in the market are centring their strategies around the development of technologically sophisticated products in order to maintain their market standing. An example of this came from Volumatic, a UK-based firm known for its smart cash-handling solutions, in July 2022, when they introduced CountEasy 2. This system offers businesses in various sectors, including retail, leisure, and banking, a tool to eliminate errors in cash reconciliation by ensuring completely accurate cash counts. The system is capable of counting both paper and coin money precisely in under a minute, resulting in significant time and cost savings for businesses.
Who Are the Key Players in the Sorting Cash Machine Market?
Major companies operating in the sorting cash machine market include:
• Bcash Electronics Co.
• Cummins Allison
• De La Rue plc
• Giesecke+Devrient GmbH
• Glory Global Solutions (International) Limited
• GRGBanking
• Julong Europe GmbH
• Kisan Electronic
• Laurel Bank Machines Co.Ltd
• Toshiba Infrastructure Systems and Solutions Corporation
• Xinda Electronic Equipment Ltd.
• Guao Electronic
• Aditya Systems
• Eromart
• Cash Processing Solutions.
• Innovative Technology Ltd.
• Cassida Corporation
• Accubanker
• Billcon Corporation
• CIMA Cash Handling America Inc.
• De La Rue plc
• Magner Corporation
• Ribao Technology
• Semacon Business Machines Inc.
• Suzhou RIBAO Technology Co. Ltd.
• Talaris
• Tellermate
• Tidel Engineering LP
• Volumatic
• Zhejiang Chuan Wei Intelligent Technology Co. Ltd.
What Is The Most Dominant Region In The Sorting Cash Machine Market?
Asia-Pacific was the largest region in the sorting cash machine market in 2024. The regions covered in the sorting cash machine market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
