Asia Pacific 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)
The APAC sorting cash machine market is expected to grow from US$ 392.67 million in 2021 to US$ 547.38 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028.
One of the critical growth imperatives for a country's economy is digital payment. It has the potential to raise productivity and economic growth, improve transparency, increase tax revenue, broaden financial inclusion, and provide end-users with new economic options. Many countries in APAC are taking various steps and using ICT technologies to promote digital payment processes. For instance, the Government of India has initiated several initiatives to promote digital payments. Digital India, the Unified Payments Interface (UPI), and the 14444-helpline number are all driving forces behind the migration of the population to digital payments. These activities are aiding in promoting digitization and raising awareness about the benefits of new technologies.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC sorting cash machine market in the coming years. The APAC sorting cash machine market is expected to grow at a good CAGR during the forecast period.
APAC sorting cash machine market Revenue and Forecast to 2028 (US$ Million)
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APAC Sorting Cash Machine Market Segmentation
The APAC sorting cash machine market is segmented based on type, application, and country. Based on type, the APAC sorting cash machine market is segmented into banknote sorter and coins sorter. The banknote sorter segment dominated the APAC sorting cash machine market in 2020. Based on application, the APAC sorting cash machine market is segmented into bank, supermarket, and others. The bank segment dominated the APAC sorting cash machine market in 2020. Based on country, the APAC sorting cash machine market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. The China segment dominated the APAC sorting cash machine market in 2020.
CUMMINS ALLISON; BCASH, ELECTRONICS CO; 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 APAC sorting cash machine market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Sorting Cash Machine Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Sorting Cash Machine Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand from Different End-Use Industries
5.1.2 Several Benefits Offered by Cash Sorting Machines
5.2 Market Restraints
5.2.1 Infiltration of Digital Transaction Solutions
5.3 Market Opportunities
5.3.1 Rising Penetration of Supermarkets in Developing Countries
5.4 Future Trends
5.4.1 Newest Technology in Cash Sorting Machines
5.5 Impact Analysis of Drivers and Restraints
6. Sorting Cash Machine Market – APAC Analysis
6.1 APAC Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
7. APAC Sorting Cash Machine Market – By Type
7.1 Overview
7.2 APAC Sorting Cash Machine Market Breakdown, By Type (2020 and 2028)
7.3 Bank Note Sorter
7.3.1 Overview
7.3.2 Bank Note Sorter: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
7.4 Coin Sorter
7.4.1 Overview
7.4.2 Coin sorter: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
8. APAC Sorting Cash Machine Market – By Application
8.1 Overview
8.2 APAC Sorting Cash Machine Market Breakdown, By Application (2020 and 2028)
8.3 Bank
8.3.1 Overview
8.3.2 Bank: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
8.4 Super Market
8.4.1 Overview
8.4.2 Super Market: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
9. APAC Sorting Cash Machine Market – Country Analysis
9.1 APAC: Sorting Cash Machine Market
9.1.1 Overview
9.1.2 APAC Sorting Cash Machine Market Breakdown, by Country
9.1.2.1 China Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 China Sorting Cash Machine Market Breakdown, By Type
9.1.2.1.2 China Sorting Cash Machine Market Breakdown, By Application
9.1.2.2 India Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 India Sorting Cash Machine Market Breakdown, By Type
9.1.2.2.2 India Sorting Cash Machine Market Breakdown, By Application
9.1.2.3 Japan Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 Japan Sorting Cash Machine Market Breakdown, By Type
9.1.2.3.2 Japan Sorting Cash Machine Market Breakdown, By Application
9.1.2.4 South Korea Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
9.1.2.4.1 South Korea Sorting Cash Machine Market Breakdown, By Type
9.1.2.4.2 South Korea Sorting Cash Machine Market Breakdown, By Application
9.1.2.5 Australia Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
9.1.2.5.1 Australia Sorting Cash Machine Market Breakdown, By Type
9.1.2.5.2 Australia Sorting Cash Machine Market Breakdown, By Application
9.1.2.6 Rest of APAC Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
9.1.2.6.1 Rest of APAC Sorting Cash Machine Market Breakdown, By Type
9.1.2.6.2 Rest of APAC Sorting Cash Machine Market Breakdown, By Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Company Profiles
11.1 CUMMINS ALLISON
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Developments
11.2 BCASH, ELECTRONICS CO
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 De La Rue PLC
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Giesecke Devrient GmbH
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 GRG Banking
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Toshiba Infrastructure Systems and Solutions Corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Kisan Electronics Co Ltd.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Laurel Bank Machines Co Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. APAC Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC Sorting Cash Machine Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 3. China Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 4. China Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 5. India Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 6. India Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 7. Japan Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 8. Japan Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 9. South Korea Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 10. South Korea Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 11. Australia Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 12. Australia Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 13. Rest of APAC Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 14. Rest of APAC Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Sorting Cash Machine Market Segmentation
Figure 2. APAC Sorting Cash Machine Market Segmentation – By Country
Figure 3. APAC Sorting Cash Machine Market Overview
Figure 4. Banknote Sorter Segment held the largest share in 2020
Figure 5. Bank Segment held the largest share in 2020
Figure 6. China held the largest share in 2020
Figure 7. APAC PEST Analysis
Figure 8. APAC Sorting Cash Machine Market – Ecosystem Analysis
Figure 9. APAC Expert Opinion
Figure 10. APAC Impact Analysis of Drivers and Restraints
Figure 11. APAC Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Sorting Cash Machine Market Breakdown, By Type (2020 and 2028)
Figure 13. APAC Bank Note Sorter: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Coin sorter: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Sorting Cash Machine Market Breakdown, By Application (2020 and 2028)
Figure 16. APAC Bank: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Super Market: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Others: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Sorting Cash Machine Market, by Key Country -- Revenue (2020) (US$ Million)
Figure 20. APAC Sorting Cash Machine Market Breakdown, by Country, 2020 & 2028 (%)
Figure 21. China Sorting Cash Machine Market, Revenue and Forecast To 2028 (US$ Million)
Figure 22. India Sorting Cash Machine Market, Revenue and Forecast To 2028 (US$ Million)
Figure 23. Japan Sorting Cash Machine Market, Revenue and Forecast To 2028 (US$ Million)
Figure 24. South Korea Sorting Cash Machine Market, Revenue and Forecast To 2028 (US$ Million)
Figure 25. Australia Sorting Cash Machine Market, Revenue and Forecast To 2028 (US$ Million)
Figure 26. Rest of APAC Sorting Cash Machine Market, Revenue and Forecast To 2028 (US$ Million)
- CUMMINS ALLISON
- BCASH, ELECTRONICS CO
- De La Rue PLC
- Giesecke Devrient GmbH
- GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED
- GRG Banking
- Toshiba Infrastructure Systems and Solutions Corporation
- Kisan Electronics Co Ltd
- Laurel Bank Machines Co Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC sorting cash machine market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC sorting cash machine market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the APAC sorting cash machine market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution