PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1517300
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1517300
Global Note Sorter Market Size Study, by Device, by Sorter Type, by End User (Bank, Financial Institution, Cash-in-Transit, Retail, Casino), by Enterprise Size and Regional Forecasts 2022-2032
Global Note Sorter Market is valued approximately at USD 9.57 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.40% over the forecast period 2024-2032. Note sorter machines, including specialized office equipment like currency counters and verifiers, are essential for improving workplace efficiency and accuracy in business transactions. These machines streamline the process of handling cash, which is crucial for sectors such as retail, banking, and hospitality. By automating tasks like counting and sorting notes, they save significant time and reduce the risk of human error. The growing adoption of these machines is driven by the need for efficient cash management solutions and enhanced productivity in various businesses.
However, there are several obstacles facing the global note sorter market that might prevent it from expanding. A significant hindrance is the growing inclination towards cashless transactions. The use of physical currency is generally declining as contactless payments and digital wallets gain popularity. There may be less of a market for note sorting devices as a result of this change in customer behavior. Also, the expensive initial and ongoing maintenance costs of note sorters provide another difficulty. Accuracy and functioning of these equipment depend on regular maintenance, which might be costly to buy. Small and medium-sized enterprises may find it difficult to make such a large expenditure because of this. Moreover, manufacturers are constantly innovating by incorporating features like enhanced counterfeit detection, higher processing speeds, and integration with cash management systems. These advancements improve efficiency and security, making note sorters more attractive to potential buyers. In addition to time-saving benefits, note sorter machines contribute to healthier workplace environments by reducing the physical strain associated with manual cash handling. Companies across different sectors are increasingly recognizing these advantages, leading to the market's growth. Key market players are continuously innovating to offer advanced features in their products, such as electromechanical sorting, which not only separates notes but also stacks and counts them accurately. For instance, Daniele Tartaglia's electromechanical sorting machine exemplifies the kind of innovations driving market growth.
The key regions considered for the global Note Sorter Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. The North American region dominated the note sorter market in 2023 due to significant investments by financial institutions and businesses in the U.S. and Canada in technologies that integrate traditional cash-handling processes with digital payment systems. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by well-established banking and financial services sector (BFSI) coupled with a growing demand for advanced cash handling solutions creates a strong foundation for market expansion. Furthermore, rapid economic development in many Asian countries, particularly China and India, is leading to a burgeoning retail industry that increasingly relies on efficient cash handling systems. This growth, alongside a rise in disposable incomes, is creating a large market for note sorting machines across various sectors like banks, retail stores, and entertainment centers.
Major market player included in this report are:
- BCASH Electronics
- Crane Payment Innovations (CPI) (Cummins Allison)
- De La Rue plc
- Giesecke+Devrient GmbH
- Glory Global Solutions Limited
- GRGBanking
- Julong Europe GmbH
- Kisan Electronics
- Laurel Bank Machines Co., Ltd.
- Toshiba Infrastructure Systems & Solutions Corporation
- Hitachi, Ltd.
- Masterwork Automodules
- DoublePower
- Nexia
- Canon Electronics
The detailed segments and sub-segment of the market are explained below:
By Device
- Discriminator
- Banknote Sorter
By Sorter Type
- Small Size
- Middle Range
- Heavy Duty
By End User
- Bank
- Financial Institution
- Cash-in-Transit (CIT)
- Retail
- Casino
By Enterprise Size
- Large Enterprise
- Small and Medium-sized Enterprise
By Region:
North America:
- U.S.
- Canada
Europe:
- UK
- Germany
- France
- Spain
- Italy
- ROE
Asia Pacific:
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Latin America:
- Brazil
- Mexico
Middle East & Africa:
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Note Sorter Market Executive Summary
- 1.1. Global Note Sorter Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Device
- 1.3.2. By Sorter Type
- 1.3.3. By End User
- 1.3.4. By Enterprise Size
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Note Sorter Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Note Sorter Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rise in Cash Transactions
- 3.1.2. Growth in Retail and Banking Industry
- 3.1.3. Growth in Need for Efficient Cash Replenishment
- 3.2. Market Challenges
- 3.2.1. Detection of Counterfeit Notes
- 3.2.2. High Costs and Maintenance
- 3.3. Market Opportunities
- 3.3.1. Technological Advancements
- 3.3.2. Expansion in Developing Economies
Chapter 4. Global Note Sorter Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Note Sorter Market Size & Forecasts by Device 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Note Sorter Market: Device Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Discriminator
- 5.2.2. Banknote Sorter
Chapter 6. Global Note Sorter Market Size & Forecasts by Sorter Type 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Note Sorter Market: Sorter Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Small Size
- 6.2.2. Middle Range
- 6.2.3. Heavy Duty
Chapter 7. Global Note Sorter Market Size & Forecasts by End User 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Note Sorter Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Bank
- 7.2.2. Financial Institution
- 7.2.3. Cash-in-Transit (CIT)
- 7.2.4. Retail
- 7.2.5. Casino
Chapter 8. Global Note Sorter Market Size & Forecasts by Enterprise Size 2022-2032
- 8.1. Segment Dashboard
- 8.2. Global Note Sorter Market: Enterprise Size Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Large Enterprise
- 8.2.2. Small and Medium-sized Enterprise
Chapter 9. Global Note Sorter Market Size & Forecasts by Region 2022-2032
- 9.1. North America Note Sorter Market
- 9.1.1. U.S. Note Sorter Market
- 9.1.1.1. Device breakdown size & forecasts, 2022-2032
- 9.1.1.2. End User breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Note Sorter Market
- 9.1.1. U.S. Note Sorter Market
- 9.2. Europe Note Sorter Market
- 9.2.1. U.K. Note Sorter Market
- 9.2.2. Germany Note Sorter Market
- 9.2.3. France Note Sorter Market
- 9.2.4. Spain Note Sorter Market
- 9.2.5. Italy Note Sorter Market
- 9.2.6. Rest of Europe Note Sorter Market
- 9.3. Asia-Pacific Note Sorter Market
- 9.3.1. China Note Sorter Market
- 9.3.2. India Note Sorter Market
- 9.3.3. Japan Note Sorter Market
- 9.3.4. Australia Note Sorter Market
- 9.3.5. South Korea Note Sorter Market
- 9.3.6. Rest of Asia Pacific Note Sorter Market
- 9.4. Latin America Note Sorter Market
- 9.4.1. Brazil Note Sorter Market
- 9.4.2. Mexico Note Sorter Market
- 9.4.3. Rest of Latin America Note Sorter Market
- 9.5. Middle East & Africa Note Sorter Market
- 9.5.1. Saudi Arabia Note Sorter Market
- 9.5.2. South Africa Note Sorter Market
- 9.5.3. Rest of Middle East & Africa Note Sorter Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. BCASH Electronics
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Market Strategies
- 10.3.2. Crane Payment Innovations (CPI) (Cummins Allison)
- 10.3.3. De La Rue plc
- 10.3.4. Giesecke+Devrient GmbH
- 10.3.5. Glory Global Solutions Limited
- 10.3.6. GRGBanking
- 10.3.7. Julong Europe GmbH
- 10.3.8. Kisan Electronics
- 10.3.9. Laurel Bank Machines Co., Ltd.
- 10.3.10. Toshiba Infrastructure Systems & Solutions Corporation
- 10.3.11. Hitachi, Ltd.
- 10.3.12. Masterwork Automodules
- 10.3.13. DoublePower
- 10.3.14. Nexia
- 10.3.15. Canon Electronics
- 10.3.1. BCASH Electronics
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
