The market is driven by the uncontrolled and non-intermittent flow of currency in banks, casinos, and other monetary organizations. The constant circulation of cash in bulk from one industry to another is one prominent driver increasing the demand for cash sorting machines. Even though the use of cash has decreased in last few years, owing to introduction of cashless payment methods, some businesses deal with money daily. Banks and supermarkets need cash sorting machines. Due to the efficiency of these machines in various accounting activities, the sorting cash machine market is growing steadily in Europe.
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 Europe sorting cash machine market in the coming years. The Europe sorting cash machine market is expected to grow at a good CAGR during the forecast period.
The Europe sorting cash machine market is segmented based on type, application, and country. Based on type, the Europe sorting cash machine market is segmented into banknote sorter and coins sorter. The banknote sorter segment dominated the Europe sorting cash machine market in 2020. Based on application, the Europe sorting cash machine market is segmented into bank, supermarket, and others. The bank segment dominated the Europe sorting cash machine market in 2020. Based on country, the Europe sorting cash machine market is segmented into France, Germany, Italy, UK, Russia, and the rest of Europe. The Germany segment dominated the Europe 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; Julong europe GMBH; and Laurel Bank Machines Co Ltd. are among the leading companies in the Europe sorting cash machine market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 441.74 Million |
| Market Size by 2028 | US$ 566.92 Million |
| CAGR (2021 - 2028) | 3.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Sorting Cash Machine Market is valued at US$ 441.74 Million in 2021, it is projected to reach US$ 566.92 Million by 2028.
As per our report Europe Sorting Cash Machine Market, the market size is valued at US$ 441.74 Million in 2021, projecting it to reach US$ 566.92 Million by 2028. This translates to a CAGR of approximately 3.6% during the forecast period.
The Europe Sorting Cash Machine Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Sorting Cash Machine Market report:
The Europe Sorting Cash Machine Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Sorting Cash Machine Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Sorting Cash Machine Market value chain can benefit from the information contained in a comprehensive market report.
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