Report : South America Sorting Cash Machine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Banknote Sorter and Coins Sorter) and Application (Bank, Supermarket, and Others)
Banknote sorter Segment to Dominate SAM sorting cash machine Market During 2021–2028
According to a new market research study on “SAM sorting cash machine Market to 2028 – COVID-19 Impact Analysis and Forecast by Type, Application, and Country” is expected to reach US$ 54.29 million by 2028 from US$ 46.39 million in 2021. The market is estimated to grow at a CAGR of 2.3% from 2021 to 2028. The report provides trends prevailing in the SAM sorting cash machine market along with the drivers and restraints pertaining to the market growth. Developing demand from different end-use industries and a lot benefits offered by cash sorting machines are the major factor driving the growth of the SAM sorting cash machine market. However, diffusion of digital transaction solutions hinders the growth of SAM sorting cash machine market.
The SAM sorting cash machine market is segmented based on type, application, and country. Based on type, the SAM sorting cash machine market is segmented into banknote sorter and coins sorter. The banknote sorter segment dominated the SAM sorting cash machine market in 2020. Based on application, the SAM sorting cash machine market is segmented into bank, supermarket, and others. The bank segment dominated the SAM sorting cash machine market in 2020. Based on country, the SAM sorting cash machine market is segmented into Brazil, Argentina, and Rest of SAM. The Brazil segment dominated the SAM sorting cash machine market in 2020.
De La Rue PLC; Giesecke Devrient GmbH; GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED; GRG Banking; Toshiba Infrastructure Systems and Solutions Corporation; Kisan Electronics Co Ltd; and Laurel Bank Machines Co Ltd. are among the leading companies in the SAM sorting cash machine market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Kisan Electronics K6 has won Reddot award which is among the world's top three design awards.
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