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New York, April 11, 2022 (GLOBE NEWSWIRE) — The Insight Partners has released the latest research study on “ATM Market Sorting Forecast to 2028 – Impact of COVID-19 and Global Analysis by Type (Currency Sorter and Coin Sorter) and Application (Bank, Supermarkets and Others)”, Global Cash Sorting Vending Machines Market Growth is Drawn by the increasing penetration of supermarkets in developing countries, technological advances in ATM sorting, the benefits offered by these machines and the growing demand from health care, gaming, banking, retail outlets at the retail and other public places.
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| Report cover | Details |
| Market size Value in | US$1.53 billion in 2021 |
| Market Size Value by | $1.98 billion by 2028 |
| Rate of growth | CAGR of 3.7% from 2021 to 2028. |
| Forecast period | 2021- 2028 |
| base year | 2021 |
| Number of pages | 146 |
| Number of tables | 61 |
| Number of graphs and figures | 58 |
| Historical data available | Yes |
| Segments Covered | type and application |
| Regional scope | North America; Europe; Asia Pacific; Latin America; AEM |
| Country scope | United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report cover | Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends |
Sorting Ticket Vending Machines Market: Competitive Landscape and Key Developments
Giesecke & Devrient, De La Rue, Julong, Toshiba, Glory Global Solutions, GRGBanking, Laurel, Cummins-Allison, Bcash Electronics and Kisan are some of the major players operating in the market. In addition to these players, several other prominent companies such as sinic electronics and Adity systems Incorporated are profiled during this market study. In addition, several other key players of the Sorting Ticket Vending Machines market have been studied and analyzed to get a holistic view of the market and its ecosystem.
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In 2021, CPI and Fintaris Payment Solutions announced their partnership to enable cash automation in the Middle East. The expansion of Paypod payment terminals allows businesses in the region to offer an improved customer experience.
In 2020, CPI relaunched the Crane BevMAX portfolio of machines in the United States to comply with new energy standards set by the National Automatic Merchandising Association (NAMA). This is part of a green initiative to provide vending machine operators with cleaner solutions in the operation of their vending machines.
The global sorting ticket vending machine market is segmented into North America, Asia-Pacific, Europe, Middle East & Africa and South America. North America dominated the ATM market with a revenue share of 35.80% in 2020. The promising market growth in this region is attributed to the presence of several ATM vendors. Players such as Cummins Allison; Laurel Bank Machinery Co., Ltd; and Cash Processing Solutions have their footprints in North America. These companies cater to the business needs of supermarkets, banks and other users. Furthermore, the presence of numerous banks in the region, especially in the United States, is another predominant factor driving the growth of the sorting cash machine market.
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The Asia-Pacific region is estimated to register the highest CAGR in the sorting ticket vending machine market during the forecast period owing to emerging economies such as China, India, and Australia. The number of supermarkets present in countries such as Japan, Thailand, Singapore, Taiwan, Malaysia, Philippines, Indonesia, and China is extremely high, which is expected to create lucrative growth opportunities for market players sorting ticket vending machines. Additionally, the presence of prominent cash counting machine brands in India such as Smars, VMS, Gobbler, SToK, and Swaggers is expected to contribute to the growth of the cash vending machine market over the forecast period. Thus, demand and supply of sorting vending machines in APAC are progressing at the same rate.
The North America sorting ticket vending machine market is segmented into the United States, Canada, and Mexico. The region is characterized by the presence of a high GPD per capita, extensive industrialization, favorable economic policies, a high propensity to adopt advanced technologies, and a high rate of digitalization across the region. In recent years, North American commercial banks have benefited from considerable economic tailwinds. On the volume side, deposits and balances grew by around 5% CAGR as businesses converted to volume, increasing cash profits. Net interest margins widened significantly for loans and deposits, with banks reporting increases of 10-20%. As a result, expansion has been widespread, with most North American commercial banks posting impressive performance in recent years. Banks expect technological advancements to enable them to provide customers with a faster and more seamless experience. However, a significant percentage of their resources must be devoted to security, compliance, and other industry-specific criteria, allowing non-banks or financial service providers not regulated by the banking industry to thrive. With North America’s thriving banking industry, cash sorting machines are on the rise to reduce wait times and improve banking infrastructure. As a result, the sorting ticket vending machine market is growing.
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ATM Market Sorting: Type Overview
The Sorting Cash Machine market, by type, is split into Cash Sorter and Coin Sorter. Sorters go through several stages to process the money. Invoices are identified, validated and sorted as needed.
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