PUBLISHER: The Business Research Company | PRODUCT CODE: 1656949
PUBLISHER: The Business Research Company | PRODUCT CODE: 1656949
A Sorting Cash Machine is a device designed to sort and organize banknotes according to their denomination. It is commonly used in banks and retail settings to enhance the cash handling process, improving both efficiency and accuracy in cash management.
The primary types of sorting cash machines include note sorters and coin sorters. A note sorter is a machine specifically designed for bundling, counting, and sorting paper currency. It finds applications in businesses dealing with substantial cash volumes, such as banks, casinos, large theme parks, and transportation services. These machines are utilized by various enterprises, ranging from large corporations to small and medium-sized businesses. Banks, supermarkets, hospitals, and other establishments make use of note sorters for efficient handling of cash transactions.
The sorting cash machine market research report is one of a series of new reports from The Business Research Company that provides sorting cash machine market statistics, including sorting cash machine industry global market size, regional shares, competitors with sorting cash machine market share, detailed sorting cash machine market segments, market trends, and opportunities, and any further data you may need to thrive in the sorting cash machine industry. This sorting cash machine 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 sorting cash machine market size has grown steadily in recent years. It will grow from $1.66 billion in 2024 to $1.74 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to increased demand for self-service machines, cash handling efficiency, regulatory compliance, increased demand for cashless transactions, adoption of multifunctional atms.
The sorting cash machine market size is expected to see strong growth in the next few years. It will grow to $2.2 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to high adoption of machines withinThe retail banking sector in emerging economies, increasing adoption of smart machines across countries, contactless and digital payments, data analytics and reporting, increased cash recycling. Major trends in the forecast period include advancements in security measures, advancements in technology, such as contactless payments and mobile banking, multifunctional machines, increased connectivity, cash automation.
The expected increase in the number of grocery stores and supermarkets is anticipated to drive the growth of the sorting cash machine market. Supermarkets and grocery stores are large retail establishments that sell a wide range of groceries and household supplies. These businesses handle both small and large sums of money, necessitating sorting cash machines to accurately count notes, provide precise data, and bundle cash efficiently. For example, a report published by Reliance Retail, an Indian retail company, indicated that in 2023, the company opened over 3,300 new stores. Therefore, the rise in grocery stores and supermarkets is propelling the growth of the sorting cash machine market.
The expansion of the financial sector is poised to contribute to the growth of the sorting cash machine market. The financial sector, encompassing institutions involved in managing, lending, borrowing, and investing money, benefits from sorting cash machines by enhancing cash-handling processes, improving accuracy, and bolstering security. In the UK, the financial services industry, along with related professional services, accounted for 12% of the country's economic output, generating £278 billion ($337.38 billion) in economic output and £100 billion ($121.36 billion) in tax revenue, according to the City of London Corporation. This expansion in the financial sector is expected to drive the demand for sorting cash machines.
Technological advancements represent a prominent trend in the sorting cash machine market, with major companies focusing on developing innovative products. Volumatic, a UK-based intelligent cash-handling solutions provider, introduced CountEasy 2 in July 2022, offering 100% accurate cash counts for businesses in retail, leisure, and banking. This technologically advanced system can swiftly and precisely count both notes and coins, saving businesses time and reducing errors in cash reconciliation.
Major companies in the sorting cash machine market are emphasizing the adoption of image sensor-based currency counting machines to enhance efficiency and accuracy, gaining a competitive edge. Godrej Group's Valumatic, launched in January 2022, is an image sensor-based currency counting machine designed for the BFSI, retail, and commercial sectors. Equipped with a double-sided image sensor, Valumatic ensures accurate counting of currency notes and can detect counterfeit notes.
In July 2023, BNP Paribas, a France-based asset management and investment advisory firm, completed the acquisition of Kantox for an undisclosed amount. This strategic move is expected to make Kantox's technology more widely available to corporate customers globally. Kantox, a UK-based currency management automation company, provides technology that enables organizations to automate currency risk management, develop effective hedging strategies, and reduce costs.
Major companies operating in the sorting cash machine market include Bcash Electronics Co., Cummins Allison, De La Rue plc, Giesecke+Devrient GmbH, Glory Global Solutions (International) Limited, GRGBanking, Julong Europe GmbH, Kisan Electronic, Laurel Bank Machines Co.Ltd, Toshiba Infrastructure Systems and Solutions Corporation, Xinda Electronic Equipment Ltd., Guao Electronic, Aditya Systems, Eromart, Cash Processing Solutions., Innovative Technology Ltd., Cassida Corporation, Accubanker, Billcon Corporation, CIMA Cash Handling America Inc., De La Rue plc, Magner Corporation, Ribao Technology, Semacon Business Machines Inc., Suzhou RIBAO Technology Co. Ltd., Talaris, Tellermate, Tidel Engineering LP, Volumatic, Zhejiang Chuan Wei Intelligent Technology Co. Ltd.
Asia-Pacific was the largest region in the sorting cash machine market in 2024. The regions covered in the sorting cash machine market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the sorting cash machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
The sorting cash machine market consists of sales of paper shredders,counting machines. 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.
Sorting Cash Machine Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sorting cash machine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sorting cash machine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sorting cash machine market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.