PUBLISHER: IMARC | PRODUCT CODE: 1636382
PUBLISHER: IMARC | PRODUCT CODE: 1636382
The global ATM slide rails market size reached USD 414.4 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,067.6 Million by 2033, exhibiting a growth rate (CAGR) of 10.53% during 2025-2033. The augmenting demand for automatic cash recycling at ATMs, the growing number of small value transactions for payment activity using cash as a transaction medium, and the rapid utilization of cash recycling as a way for effective liquid cash management represent some of the key factors driving the market.
Automated Teller Machine (ATM) slide rails are an essential part of the ATM hardware that are used for providing linear motion to the drawers in ATMs. They are available in various load bearing capacities depending on the drawer loads to assist in smooth linear operations. Most of them are made of metals, such as steel and aluminum, and they are electroplated with zinc or metals in order to prevent corrosion. They also utilize ball bearing sliding movement or telescoping movement, which is greased using premium quality lubricants to prevent any resistance inside different components of the ATM machine. As the ATM slide rails operate frequently, the longevity of the slide rails is determined by the number of cycles the slide rail is extended or closed. As a result, they find extensive applications in pulling out ATM hardware components, such as cash dispenser unit (CDU), deposit box, cartridges, error box, and the front panel of the ATM.
The augmenting demand for automatic cash recycling at ATMs, automated teller safes, and self-service cash recycling machines is a significant factor driving the growth of ATM slide rails market. This can be attributed to the numerous initiatives undertaken by banks to achieve higher revenue growth, improved cost optimization and better customer experience. Besides this, the rapid utilization of cash recycling as a way for effective liquid cash management is creating lucrative growth opportunities in the market. In line with this, the rising awareness regarding ATMs as an alternative to a bank branch due to the 24/7 operation system is providing an impetus to the market. Moreover, a significant rise in the number of small value transactions for payment activity using cash as a medium for the transaction by the consumers is propelling the market. The growing popularity of bitcoin resulting in the widespread deployment of bitcoin ATMs is, in turn, anticipated to increase the demand for ATM slide rails. Some of the other factors contributing to the market growth include rapid urbanization, considerable growth in the banking and finance industry, inflating disposable income levels of the consumers, continual technological advancements, and extensive research and development (R&D) activities conducted by the key players.
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