Why Coin Counting Machines Are Rising in Banks
The Global Coin Sorter Market was valued at $3,437 million in 2016, and is projected to reach $4,997 million by 2022, growing at a CAGR of 6.7% from 2017 to 2022. The large size coin sorter segment is anticipated to grow at the highest rate during the forecast period.
Portland, OR -- (SBWire) -- 01/11/2018 --The report provides an overall review of the coin sorter market, covering the coin sorter market size, coin sorter market share analysis, coin sorter market trends, market dynamics, market forecast, Porters analysis, key industry segments, and company profiles. The report provides up-to-date information to help monitor performance and make wise business decisions for growth and profitability. It is a useful tool for market players, investors, shareholders, and new entrants. It helps evaluate the market, highlighting opportunities in the space and supporting tactical and strategic decision making.
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The report provides an executive summary of the global coin sorter industry to help market players and new entrants understand the overall market status. Key findings are outlined in the report to help market players determine investment viability. The competitive landscape is offered to assist industry players to determine the level of competitiveness within the industry and take steps to gain a competitive edge.
The market landscape of the coin sorter market is provided in terms of the growth drivers, restraints, and opportunities, Porters Five Forces analysis, and market share analysis. The rise and fall of the coin sorter industry are dependent on the drivers and restraints. The drivers lead to the growth of the market while the restraints limit the growth of the market. Factors such as demand from developing economies, the growth in demand for automated cash handling products, and the fast growth of the retail industry drive the growth of the industry. Furthermore, initiatives by commercial banks towards the adoption of coin sorter machines is expected to propel the market growth. For instance, in May 2017, Siam Commercial Bank announced to implement machines that facilitate the deposition of coins into their bank accounts. Nonetheless, increased inclination toward digital transaction solutions hinders the growth of the coin sorter industry.
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The report offers a detailed segmentation of the global coin sorter market based on type and region. By type, the market is classified as small size coin sorter, medium size coin sorter, and large size coin sorter. The small size coin sorter contributed to the highest share of the market while large size coin sorter is expected to grow at highest CAGR of 7.5% during the forecast period. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, South America, and Middle East and Africa. In North America, the market is studied in the USA, Canada, and Mexico. In Europe, the market is analyzed across Germany, UK, France, Russia, Italy, and the other parts of Europe. In Asia-Pacific, the coin sorter market analysis covers China, Japan, Korea, India, Southeast Asia, and the rest of Asia-Pacific. In South America, the market analysis covers Brazil, Argentina, Columbia, and Rest of South America. In Middle East and Africa, the market analysis covers Saudi Arabia, UAE, Egypt, Nigeria, South Africa, and Rest of Middle East and Africa.
The leading players in the Global Coin Sorter Market are:
* Giesecke & Devrient
* Glory Global Solutions Limited
* Delarue, Baija Baiter
* Cummins Allison
* Suzhou Ribao Technology Co
* CT Coin
* Royal Sovereign
A more detailed analysis is available in the Progressive Markets report titled, 'Coin Sorter Market 2017- 2022'. Progressive Markets also customizes reports by other regions and specific segments upon request.
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