Global Sorting Cash Machine Market- Market Overview:

The global sorting cash machine market is expected to grow from USD 1,550 million in 2022 to USD 2,041 million by 2030, at a CAGR of 3.5% during the Projection period 2023-2030. The growth of the sorting cash machine market is mainly driven by the rise in cash-incentive businesses.

A sorting cash machine sorts currencies such as banknotes and coins. The machine passes through a stack of bills or coins and separates them into different denominations. It also counts the money and divides it into precise amount groups. Specific security features on some technologically advanced sorting cash machines aid in the detection of counterfeit notes or coins. As a large volume of cash is gathered regularly, sorting cash machines are employed in banks, casinos, financial institutions, hospitals, supermarkets, and large theme parks. Sorting cash machines help to reduce human effort in sorting cash and saves a significant amount of time that would otherwise be lost in sorting and counting currency. This also decreases the possibility of errors that occur when cash is sorted and counted by people. This results in fewer financial losses and lowers operational costs. Once the bundle of notes is introduced, the sorting cash machines immediately begin the process of sorting and counting currency with error-free results. The detection of counterfeit notes and coins aids in the preservation of the organization's reputation. It also recognizes damaged or faulty notes and begins beeping when it detects such notes or coins.

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Market Dynamics:

Drivers:                          

• Rising Disposable Income

Disposable income has increased significantly, and robust savings growth is influencing the financial expansion of numerous institutions and organizations. Because the global retail sector operates in cash, there is a huge flow of cash on a daily basis. This is causing significant expansion in the retail shopping industry for sorting cash machines. In addition, many educational institutes collect fees from students in cash, which is boosting the market expansion for sorting cash machines in educational institutes.

Restraints:                                             

• Rise in Digital Payments

The spread of digital payment methods in various industries is impeding the growth of the sorting cash machine. Many retailers offer multiple payment alternatives, including digital payment choices. This is a quick and simple way to pay bills without having to worry about anything.

Opportunities:

• Rise in Economies

Cash-intensive industries such as retail in emerging economies have a high need for sorting cash machines because developing economies with a growing banked population work largely in cash and make regular purchases by paying the shop in cash. This presents a profitable opportunity for market growth during the Projection period.

Challenges:

• Counterfeit Cash

Because of the surge in counterfeit currency notes, people are afraid to withdraw cash from ATMs and do not want to take any amount of return in cash to prevent being stuck in counterfeit notes. As a result, individuals are migrating towards digital payment methods. Counterfeit cash has become a barrier to market expansion. Most cash sorting devices do not warn the user of counterfeit money notes.

Segmentation Analysis:

The global sorting cash machine market has been segmented based on product type, end-user, and region.

By Product Type

The product type segment is note sorter and coin sorter. The note sorter segment led the largest share of the sorting cash machine market with a market share of around 60.23% in 2022. Because maintaining notes is difficult, note sorter machines are in high demand. A note sorter machine improves cash management by efficiently sorting and bundling notes based on denomination. Most of the time, the notes become glued to each other, which a human's eyes would miss, but the machine does not and saves the institution from financial losses. During the Projection period, this presents a lucrative growth opportunity for the segment.

By End-User

The end-user segment is banks, hospitals, supermarkets, and others. The banks segment led the largest share of the sorting cash machine market with a market share of around 36.67% in 2022. Because banks handle a big volume of notes every day, the demand for sorting cash machines is expanding. The majority of financial transactions take place in banks, which fuel market expansion. Most banks employ modern sorting machines with advanced functions like as note counting, batching, authentication, and strapping.

Global Sorting Cash Machine Market- Sales Analysis.

The sale of the sorting cash machine market expanded at a CAGR of 2.9% from 2016 to 2022.

The increasing emphasis on automation to promote productivity, combined with increased demand for reduced delivery time and procedure in the food business, is expected to supplement the market growth. Businesses can improve their performance by increasing productivity and decreasing errors through automation. Various sectors are moving their focus toward automation in order to speed up procedures while maintaining product quality. As a result, increased automation in important industries like food and recycling is predicted to have a beneficial impact on market growth. Sorting machines automatically sort all types of products and bundles, regardless of size or shape. They are gradually replacing manual sorting due to their advantages, which include faster working speeds, greater quality, increased worker safety, and lower labor costs for businesses.

Thus, owing to the aforementioned factors, the global sorting cash machine market is expected to grow at a CAGR of 3.5% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the sorting cash machine market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific region dominated the sorting cash machine market and held a 38.5% share of the market revenue in 2022.

• The Asia Pacific region witnessed a major share. Despite the rapid rise of electronic payment options, customers in Asia Pacific continue to rely on cash payments. Cash remains a stronghold for micropayments. Countries such as Vietnam pay with cash for daily essentials such as food and beverages, gasoline, and groceries, as well as significant expenditures like as logistics and real estate. This raises the demand for cash machine sorting in the Asia Pacific region. As cash sorting devices minimise the workload of bank staff while also addressing some security concerns.
• North America is anticipated to experience significant growth during the Projection period. Technological developments have emerged as a significant trend gaining traction in the market for sorting cash machines. To maintain their market position in the region, major businesses in the sorting cash machine market are focusing on producing technologically sophisticated goods.

Global Sorting Cash Machine Market- Country Analysis:

• Germany

Germany's sorting cash machine market size was valued at USD 116.25 million in 2022 and is expected to reach USD 154.26 million by 2030, at a CAGR of 3.6% from 2023 to 2030. Due to benefits such as faster operation speed, greater quality, increased worker safety, and lower labor expenses for businesses. Key manufacturers are concentrating on new product introductions that make use of modern technologies.

• China

China’s sorting cash machine market size was valued at USD 155.14 million in 2022 and is expected to reach USD 209 million by 2030, at a CAGR of 3.8% from 2023 to 2030. The growing number of grocery stores and supermarkets is likely to move the sorting cash machine market ahead. Supermarkets and grocery stores are huge stores that provide a wide selection of groceries and other household necessities. Grocery stores and supermarkets handle little and large sums of money, necessitating the use of sorting cash machines to count the notes, provide accurate statistics, and bundle them appropriately.

• India

India's sorting cash machine market size was valued at USD 119.34 million in 2022 and is expected to reach USD 159.5 million by 2030, at a CAGR of 3.7% from 2023 to 2030. According to a research provided by Reliance Retail, an Indian retail giant, the number of its outlets in India climbed from 11,784 to 15,196 from 2019 to 2022, with 7 new stores opening per day. Furthermore, according to Walmart Inc, a US-based retail organization, in December 2021, it operated more than 10,500 shops in 24 countries and hired more than 500,000 new workers globally in 2020. As a result, the growing number of grocery stores and supermarkets is propelling the sorting cash machine market forward.

Key Industry Players Analysis:

To increase their market position in the global sorting cash machine market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.   

• Giesecke & Devrient GmbH
• Cummins-Allison Corp.
• De La Rue plc
• Toshiba Infrastructure Systems & Solutions Corporation
• Glory Global Solutions Limited
• Julong Europe GmbH
• Bcash Electronics Co.
• GRGBanking
• Kisan Electronics
• Laurel

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	3.5%
Market Size	1,550 million in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Product Type, By End-User, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Giesecke & Devrient GmbH, Cummins-Allison Corp.,De La Rue plc, Toshiba Infrastructure Systems & Solutions Corporation, Glory Global Solutions Limited, Julong Europe GmbH, Bcash Electronics Co., GRGBanking, Kisan Electronics, and Laurel.
By Product Type	Note Sorter Coin Sorter
By End-User	Banks Hospitals Supermarkets Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Sorting Cash Machine Market By Product Type:

• Note Sorter
• Coin Sorter

Global Sorting Cash Machine Market By End-User:

• Banks
• Hospitals
• Supermarkets
• Others

Global Sorting Cash Machine Market By Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- The state of the banking sector is influenced by government legislation. The government can intervene in banking problems at any time, leaving the business vulnerable to political influence. Corruption within political parties is one example, as are specific legislative provisions such as labor regulations, trade restrictions, tariffs, and political stability. Markets like the sorting cash machine market will be able to expand thanks to favorable tax laws that support corporate growth and development, which will also contribute to the creation of economic value for the nation.

Economic Factors- The banking industry and the economy are inextricably linked. The number of capital banks may access is affected by how income flows, whether the economy is booming or barely surviving during times of recession. Customers' spending habits, as well as the reasons for them, influence when they borrow or spend money at banks. Furthermore, as inflation soars, the bank suffers the consequences. Inflation has an impact on cash and its value, causing instability. When the value of a country's currency is high, foreign investors are hesitant to provide funds. Exchange rates have a global impact on banks because stable currencies like the US dollar influence other currencies, spending habits, and inflation rates in other nations.

Social Factors- Cultural factors such as purchasing habits and necessities influence how people perceive and use banking possibilities. People look to banks for advice and assistance with business, home, and academic loans. Customers request information from bank tellers about savings accounts, bank-related credit cards, investments, and other topics. Customers want a streamlined banking experience. And technology is evolving to make it easier for customers to purchase things without having direct support from banks.

Technological Factors- Technology is altering how individuals manage their money. Many banks have a smartphone mobile app that allows you to monitor accounts, transfer payments, and pay bills. Smartphones can scan checks, and banks can process them at their location. This modification saves paper and eliminates the need to drive immediately to the branch to handle these matters. Debit cards are changing as well. Chips have been installed, requiring consumers to insert their cards rather than swipe them into debit machines. Other nations, such as Canada, have adopted a "tap" option for completing transactions by simply tapping the debit card into the device and not entering a pin. These modifications make it easier for users to make purchases without necessitating bank intervention.

Environmental Factors- The use of paper is decreasing as technology advances, notably mobile banking apps. Additionally, the necessity to drive directly to a branch to handle matters is reduced. Many concerns are handled via smartphone apps and online financial services. Customers can apply for credit cards, buy checks, and have many of their banking questions resolved online or over the phone. As a result, individual environmental footprints are reduced.

Legal Factors- To ensure frameworks within the business, the banking industry adheres to strong privacy, consumer, and trade regulations. Customers in the allotted country, as well as worldwide consumers, require such frameworks. The business adheres to anti-discrimination laws in its operations, from hiring to promoting. Every employee participates in diversity training and workshops on a regular basis to learn how to avoid discriminatory and biased acts, which could have serious consequences. Like other competitors in the market, the sorting cash machine market is an equal-opportunity employer.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis by Product Type
     • 3.2. Market Attractiveness Analysis by End-User
     • 3.3. Market Attractiveness Analysis by Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Rising Disposable Income
   • 3. Restraints
     • 3.1. Rise in Digital Payments
   • 4. Opportunities
     • 4.1. Rise in Economies
   • 5. Challenges
     • 5.1. Counterfeit Cash

6. Global Sorting Cash Machine Market Analysis and Projection, By Product Type
   • 1. Segment Overview
   • 2. Note Sorter
   • 3. Coin Sorter
7. Global Sorting Cash Machine Market Analysis and Projection, By End-User
   • 1. Segment Overview
   • 2. Banks
   • 3. Hospitals
   • 4. Supermarkets
   • 5. Others
8. Global Sorting Cash Machine Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Sorting Cash Machine Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Sorting Cash Machine Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Giesecke & Devrient GmbH
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Cummins-Allison Corp.
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • De La Rue plc
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Toshiba Infrastructure Systems & Solutions Corporation
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Glory Global Solutions Limited
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Julong Europe GmbH
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Bcash Electronics Co.
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • GRGBanking
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Kisan Electronics
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • Laurel
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
2. Global Note Sorter, Sorting Cash Machine Market, By Region, 2023–2030 (USD Million)
3. Global Coin Sorter, Sorting Cash Machine Market, By Region, 2023–2030 (USD Million)
4. Global Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
5. Global Banks, Sorting Cash Machine Market, By Region, 2023–2030 (USD Million)
6. Global Hospitals, Sorting Cash Machine Market, By Region, 2023–2030 (USD Million)
7. Global Supermarkets, Sorting Cash Machine Market, By Region, 2023–2030 (USD Million)
8. Global Others, Sorting Cash Machine Market, By Region, 2023–2030 (USD Million)
9. Global Sorting Cash Machine Market, By Region, 2023–2030 (USD Million)
10. North America Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
11. North America Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
12. USA Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
13. USA Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
14. Canada Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
15. Canada Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
16. Mexico Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
17. Mexico Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
18. Europe Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
19. Europe Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
20. Germany Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
21. Germany Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
22. France Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
23. France Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
24. UK Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
25. UK Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
26. Italy Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
27. Italy Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
28. Spain Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
29. Spain Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
30. Asia Pacific Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
31. Asia Pacific Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
32. Japan Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
33. Japan Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
34. China Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
35. China Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
36. India Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
37. India Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
38. South America Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
39. South America Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
40. Brazil Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
41. Brazil Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
42. Middle East and Africa Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
43. Middle East and Africa Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
44. UAE Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
45. UAE Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)
46. South Africa Sorting Cash Machine Market, By Product Type, 2023–2030 (USD Million)
47. South Africa Sorting Cash Machine Market, By End-User, 2023–2030 (USD Million)

List of Figures 

1. Global Sorting Cash Machine Market Segmentation
2. Sorting Cash Machine Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Sorting Cash Machine Market Attractiveness Analysis by Product Type
9. Global Sorting Cash Machine Market Attractiveness Analysis by End-User
10. Global Sorting Cash Machine Market Attractiveness Analysis by Region
11. Global Sorting Cash Machine Market: Dynamics
12. Global Sorting Cash Machine Market Share by Product Type (2023 & 2030)
13. Global Sorting Cash Machine Market Share by End-User (2023 & 2030)
14. Global Sorting Cash Machine Market Share by Regions (2023 & 2030)
15. Global Sorting Cash Machine Market Share by Company (2021)