North 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)
The North America sorting cash machine market is expected to grow from US$ 547.26 million in 2021 to US$ 672.26 million by 2028; it is estimated to grow at a CAGR of 3.0% from 2021 to 2028.
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 Revenue and Forecast to 2028 (US$ Million)
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.
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. North America Sorting Cash Machine Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Sorting Cash Machine Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand from Different End-Use Industries
5.1.2 Various Benefits Offered by Cash Sorting Machines
5.2 Market Restraints
5.2.1 Penetration of Digital Transaction Solutions
5.3 Future Trends
5.3.1 Technological Advancements in Cash Sorting Machines
5.4 Impact Analysis of Drivers and Restraints
6. Sorting Cash Machine Market – North America Analysis
6.1 North America Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
7. North America Sorting Cash Machine Market – By Type
7.1 Overview
7.2 North America 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. North America Sorting Cash Machine Market – By Application
8.1 Overview
8.2 North America 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. North America Sorting Cash Machine Market – Country Analysis
9.1 North America: Sorting Cash Machine Market
9.1.1 Overview
9.1.2 North America Sorting Cash Machine Market Breakdown, by Country
9.1.2.1 US Sorting Cash Machine Market, Revenue and Forecast to 2028
9.1.2.1.1 US Sorting Cash Machine Market Breakdown, By Type
9.1.2.1.2 US Sorting Cash Machine Market Breakdown, By Application
9.1.2.2 Canada Sorting Cash Machine Market, Revenue and Forecast to 2028
9.1.2.2.1 Canada Sorting Cash Machine Market Breakdown, By Type
9.1.2.2.2 Canada Sorting Cash Machine Market Breakdown, By Application
9.1.2.3 Mexico Sorting Cash Machine Market, Revenue and Forecast to 2028
9.1.2.3.1 Mexico Sorting Cash Machine Market Breakdown, By Type
9.1.2.3.2 Mexico 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. North America Sorting Cash Machine Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Sorting Cash Machine Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 3. US Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 4. US Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 5. Canada Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 6. Canada Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 7. Mexico Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 8. Mexico Sorting Cash Machine Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Sorting Cash Machine Market Segmentation
Figure 2. North America Sorting Cash Machine Market Segmentation – By Country
Figure 3. North America 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. US held the largest share in 2020
Figure 7. North America: PEST Analysis
Figure 8. North America Sorting Cash Machine Market – Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. North America Impact Analysis of Drivers and Restraints
Figure 11. North America Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Sorting Cash Machine Market Breakdown, By Type (2020 and 2028)
Figure 13. North America Bank Note Sorter: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Coin sorter: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Sorting Cash Machine Market Breakdown, By Application (2020 and 2028)
Figure 16. North America Bank: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Super Market: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Others: Sorting Cash Machine Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Sorting Cash Machine Market, by Key Country – Revenue (2020) (US$ Million)
Figure 20. North America Sorting Cash Machine Market Breakdown, by Country, 2020 & 2028 (%)
Figure 21. US Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
Figure 22. Canada Sorting Cash Machine Market, Revenue and Forecast to 2028 (US$ Million)
Figure 23. Mexico 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
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