Cash Recycler Global Market Report 2024

Description

Cash recyclers are machines designed to automate currency processing tasks, including accepting, verifying, storing, and dispensing cash. They streamline cash-handling procedures by reducing manual counting, enhancing accuracy, bolstering security measures, and optimizing cash flow management.

The primary types of cash recyclers include dependent cash recycling modules and embedded cash recycling modules. Dependent cash recycling modules are standalone machines that accept and dispense cash, commonly utilized across various industries for efficient cash management purposes. Applications include automated teller machines, self-checkout systems, bill payment kiosks, retail cash management solutions, teller assistance tools, and more, serving industries such as banking, financial services, insurance, retail and e-commerce, hospitality, government, media and entertainment, among others.

The cash recycler market research report is one of a series of new reports from The Business Research Company that provides cash recycler market statistics, including cash recycler industry global market size, regional shares, competitors with cash recycler market share, detailed cash recycler market segments, market trends, and opportunities, and any further data you may need to thrive in the cash recycler industry. This cash recycler market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The cash recycler market size has grown strongly in recent years. It will grow from $3.57 billion in 2023 to $3.76 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth observed in the historic period can be attributed to several factors, including evolving cash usage patterns, a focus on enhancing customer experience, efficiency improvements in cash handling processes, heightened security concerns driving adoption, cost reduction benefits, and the need for regulatory compliance measures.

The cash recycler market size is expected to see strong growth in the next few years. It will grow to $4.70 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. Forecasted growth is driven by the expansion of cash-intensive industries, a rising focus on sustainability measures, increasing demand for self-service banking solutions, the expansion of retail banking networks, and a growing emphasis on cash automation technologies.Major trends expected in the forecast period include the integration of AI and machine learning capabilities into cash automation systems, enhanced mobile integration for seamless customer experiences, customization and scalability options to meet diverse business needs, advanced data analytics and reporting functionalities for informed decision-making, and the adoption of remote monitoring and management solutions for efficient operation and maintenance of cash automation devices.

The surging demand for efficient cash management practices is poised to drive substantial growth within the cash recycler market. Cash management encompasses various activities such as collecting, managing, investing, and disbursing cash within organizations to optimize liquidity, minimize financial risk, and maximize profitability. The increasing demand for efficient cash management is spurred by regulatory mandates, technological advancements, and competitive pressures, compelling businesses to prioritize cash optimization and liquidity management to achieve their financial objectives. Cash recycling devices play a pivotal role in enhancing consumer experiences by offering safe and effective cash management solutions, seamlessly integrating with digital banking systems. For instance, Nationwide Building Society reported a notable uptick in ATM utilization for cash deposits, along with increased withdrawal transactions, underscoring the growing need for cash management solutions to efficiently handle cash levels.

Prominent companies operating within the cash recycler market are directing their efforts toward the development of cassette-based recycling solutions, exemplified by products such as the GLR-100, to drive revenue growth. The GLR-100 represents a cassette-based recycling system, or teller cash recycler (TCR), leveraging cassettes for storing and managing notes. Glory, a Japan-based cash technology solutions company, introduced the GLR-100 in August 2022, as part of its GLR series of Teller Cash Recyclers. This innovative solution incorporates self-audit capabilities, enhancing branch banking economics. The latest TCRs leverage advanced banknote identification technology and are IoT and cloud-enabled, seamlessly integrating with Glory's UBIQULARTM solutions to enhance business analytics and enable remote monitoring and administration across branch networks.

In August 2022, Sesami Cash Management Technologies, a Canada-based software company, completed the acquisition of ARCA for an undisclosed sum. Through this acquisition, Sesami aims to bolster its global positioning as a comprehensive, technologically-enabled cash ecosystem service provider for banking institutions and consumer enterprises. ARCA, a US-based company specializing in manufacturing teller cash recyclers and offering cash technology solutions to banking institutions, aligns with Sesami's strategic objectives to enhance its offerings and capabilities within the cash management ecosystem.

Major companies operating in the cash recycler market are Fiserv Inc., Fifth Third Bank NA, NCR Corporation, The Brink's Company, Garda World Security Corporation, Diebold Nixdorf Inc., Giesecke+Devrient Currency Technology America Inc., Loomis AB, GRG Banking Equipment Co. Ltd., CPI Card Group, Gunnebo AB, Cummins Allison Corp., JCM Global, FireKing Security Group, Hitachi Payment Services Pvt. Ltd., Tidel Engineering L.P., Nautilus Hyosung America Inc., Glory Global Solutions Inc., Kisan Electronics Co. Ltd., Triton Systems of Delaware LLC, CashTech Currency Products Inc., KICTeam Inc., Cassida Corporation, Volumatic Ltd., Hyosung TNS Inc.

Asia-Pacific was the largest region in the cash recycler market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cash recycler market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the cash recycler market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cash recyclers market consists of sales of modular cash recycler systems, portable cash recyclers, high-volume cash recyclers, desktop cash recyclers, embedded cash recyclers, and standalone cash recyclers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Type: Independent Cash Recycling Modules; Embedded Cash Recycling Modules
2) By Application: Automated Teller Machine; Self-Checkout; Bill Payment; Retail Cash Management; Teller Assist
3) By Industry: Banking, Financial Services, And Insurance; Retail And E-commerce; Hospitality; Government; Media And Entertainment
Covering: Fiserv Inc.; Fifth Third Bank NA; NCR Corporation; The Brink's Company; Garda World Security Corporation

Product Code: r17304

1. Executive Summary

2. Cash Recycler Market Characteristics

3. Cash Recycler Market Trends And Strategies

4. Cash Recycler Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Cash Recycler Market Size and Growth

5.1. Global Cash Recycler Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Cash Recycler Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Cash Recycler Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Cash Recycler Market Segmentation

6.1. Global Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Independent Cash Recycling Modules
Embedded Cash Recycling Modules
6.2. Global Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Automated Teller Machine
Self-Checkout
Bill Payment
Retail Cash Management
Teller Assist
6.3. Global Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Banking, Financial Services, And Insurance
Retail And E-commerce
Hospitality
Government
Media And Entertainment
Other Industries

7. Cash Recycler Market Regional And Country Analysis

7.1. Global Cash Recycler Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Cash Recycler Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Cash Recycler Market

8.1. Asia-Pacific Cash Recycler Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Cash Recycler Market

9.1. China Cash Recycler Market Overview
9.2. China Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Cash Recycler Market

10.1. India Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Cash Recycler Market

11.1. Japan Cash Recycler Market Overview
11.2. Japan Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Cash Recycler Market

12.1. Australia Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Cash Recycler Market

13.1. Indonesia Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Cash Recycler Market

14.1. South Korea Cash Recycler Market Overview
14.2. South Korea Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Cash Recycler Market

15.1. Western Europe Cash Recycler Market Overview
15.2. Western Europe Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Cash Recycler Market

16.1. UK Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Cash Recycler Market

17.1. Germany Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Cash Recycler Market

18.1. France Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Cash Recycler Market

19.1. Italy Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Cash Recycler Market

20.1. Spain Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Cash Recycler Market

21.1. Eastern Europe Cash Recycler Market Overview
21.2. Eastern Europe Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Cash Recycler Market

22.1. Russia Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Cash Recycler Market

23.1. North America Cash Recycler Market Overview
23.2. North America Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Cash Recycler Market

24.1. USA Cash Recycler Market Overview
24.2. USA Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Cash Recycler Market

25.1. Canada Cash Recycler Market Overview
25.2. Canada Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Cash Recycler Market

26.1. South America Cash Recycler Market Overview
26.2. South America Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Cash Recycler Market

27.1. Brazil Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Cash Recycler Market

28.1. Middle East Cash Recycler Market Overview
28.2. Middle East Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Cash Recycler Market

29.1. Africa Cash Recycler Market Overview
29.2. Africa Cash Recycler Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Cash Recycler Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Cash Recycler Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Cash Recycler Market Competitive Landscape And Company Profiles

30.1. Cash Recycler Market Competitive Landscape
30.2. Cash Recycler Market Company Profiles
- 30.2.1. Fiserv Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Fifth Third Bank NA
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. NCR Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. The Brink's Company
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Garda World Security Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Cash Recycler Market Other Major And Innovative Companies

31.1. Diebold Nixdorf Inc.
31.2. Giesecke+Devrient Currency Technology America Inc.
31.3. Loomis AB
31.4. GRG Banking Equipment Co. Ltd.
31.5. CPI Card Group
31.6. Gunnebo AB
31.7. Cummins Allison Corp.
31.8. JCM Global
31.9. FireKing Security Group
31.10. Hitachi Payment Services Pvt. Ltd.
31.11. Tidel Engineering L.P.
31.12. Nautilus Hyosung America Inc.
31.13. Glory Global Solutions Inc.
31.14. Kisan Electronics Co. Ltd.
31.15. Triton Systems of Delaware LLC

32. Global Cash Recycler Market Competitive Benchmarking

33. Global Cash Recycler Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Cash Recycler Market

35. Cash Recycler Market Future Outlook and Potential Analysis

35.1 Cash Recycler Market In 2028 - Countries Offering Most New Opportunities
35.2 Cash Recycler Market In 2028 - Segments Offering Most New Opportunities
35.3 Cash Recycler Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer