Cash sorting machines are used in various cash-intensive enterprises, financial institutions, and applications, including BFSI sector, commercial merchants, self-service kiosks, casinos, amusement parks, and other public-sector outlets. The market growth is attributed to the increasing demand for cash sorting and counting technological solutions. In the financial sector, a currency sorter is a common instrument. The machine is used to automate various time-consuming processes, such as sorting big bundles of notes or coins into a bunch, reducing the time spent on manual counting, and preventing errors in cash counting and sorting. A currency sorter is a quick and effective method of organizing monetary duties.
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 North America sorting cash machine market in the coming years. The market is expected to grow at a good CAGR during the forecast period.
North America Sorting Cash Machine Market Segmentation
The North America sorting cash machine market is segmented on the basis of type, application, and country. Based on type, the market is bifurcated into banknote sorter and coins sorter. The banknote sorter segment dominated the market in 2020. Based on application, the North America sorting cash machine market is segmented into bank, supermarket, and others. The bank segment dominated the market in 2020. Based on country, the North America sorting cash machine market is segmented into the US, Canada, and Mexico. The US segment dominated the North America 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 North America sorting cash machine market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 547.26 Million |
| Market Size by 2028 | US$ 672.26 Million |
| CAGR (2021 - 2028) | 3.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Sorting Cash Machine Market is valued at US$ 547.26 Million in 2021, it is projected to reach US$ 672.26 Million by 2028.
As per our report North America Sorting Cash Machine Market, the market size is valued at US$ 547.26 Million in 2021, projecting it to reach US$ 672.26 Million by 2028. This translates to a CAGR of approximately 3.0% during the forecast period.
The North America 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 North America Sorting Cash Machine Market report:
The North America Sorting Cash Machine Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Sorting Cash Machine Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Sorting Cash Machine Market value chain can benefit from the information contained in a comprehensive market report.
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