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Atm Slide Rails Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, Germany, China, Japan - Size and Forecast 2024-2028

Atm Slide Rails Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, Germany, China, Japan - Size and Forecast 2024-2028

Published: Aug 2024 161 Pages SKU: IRTNTR75176

Market Overview at a Glance

$397.3 Mn
Market Opportunity
15.2%
CAGR
12.88
YoY growth 2023-2024(%)

ATM Slide Rails Market Size 2024-2028

The ATM slide rails market size is forecast to increase by USD 397.3 million, at a CAGR of 12.88% between 2023 and 2028. The market is experiencing significant growth, driven by several key factors. One of the primary drivers is the increasing use of self-service cash recycling systems in ATMs, which not only enhances efficiency but also reduces operational costs for financial institutions. Another trend shaping the market is the emphasis on providing better customer experience through advanced features such as contactless payments and personalized self services. Additionally, the gradual shift towards online banking and digital transactions is leading to an increased demand for secure and reliable ATM slide rails that can support high-speed cash transactions and ensure data security. These trends are expected to continue, making the market an attractive investment opportunity for manufacturers and service providers.

What will be the size of the Market During the Forecast Period?

Atm Slide Rails Market Size

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Market Dynamics and Customer Landscape

Slide rails are essential components of ATM hardware, responsible for the linear motion of drawers in Automated Teller Machines. These rails come in various load bearing capacities and are designed with corrosion prevention measures, often through electroplating. Telescoping movement allows for efficient use of space, while lubricants ensure smooth operation and longevity. Slide rails are integral to various ATM components such as deposit boxes, cartridges, error boxes, front panels, and cash recycling systems. Cash management and payment systems in Dual dispenser ATMs rely on these rails for automatic cash recycling and small value transactions. Liquid cash management systems also utilize slide rails for the efficient movement of steel  and aluminum components. Overall, ATM slide rails play a crucial role in the functionality and reliability of these important financial machines. 
In addition, the market is evolving rapidly with the rise of self-service cash recycling machines in the banking and finance industry. These self-service cash recycling machines feature advanced electroplated slide rails that support smooth ball bearing sliding movement and reliable cash dispenser unit (CDU) functionality. The design includes a robust front panel and an error box for efficient operation and maintenance. Innovations in ATM slide rails are crucial for enhancing the durability and performance of Automated Teller Machine (ATM), ensuring they can withstand the demands of high-frequency use. The market growth is driven by the need for improved slide rail mechanisms to support the increasing demand for automated and secure banking solutions.

Key Market Driver

Self-service cash recycling is notably driving market growth. Banks and other financial institutions strive to increase revenue growth, enhance customer satisfaction, and better manage costs. Retail customers frequently need to withdraw cash from certain market areas, which generates a need for recurring cash replenishment. In terms of labor costs, hiring teller staff, and the opportunity costs of keeping large sums of cash in ATMs, such activities result in high costs for banks.

According to the established banking system, a bank's teller is responsible for maintaining the cash levels. The teller must sell or buy money from the vault if the amount of cash available is above or below a predetermined threshold. Multiple authentications are required for such a system (transaction), and staff members like tellers and managers are also needed. Comparable to placing a vault between two tellers but with a better cash management system is the function of a cash recycler system. By removing the costs associated with using resources, such as a teller and a vault, for managing the cash balance, cash recycling at modern ATMs with a cash recycler enables financial institutions to optimize their operations at a lower cost. Due to lower costs, this also boosts efficiency over the conventional system by about 90% while also improving banks' profitability.  Therefore, such factors are expected to drive the global market during the forecast period.

Significant Market Trends

Better customer experience is an emerging trend in market growth. As the banking industry is growing and there is an increase in demand to deal with the growth in banking-related services and queries. ATMs thus provide an alternative to such services.  ATMs provide a quicker way to access banking services and facilities outside of a bank's regular business hours. Since there is no need for a new branch and the ATM is sufficient to meet end-user needs, many ATMs are kept either inside the bank's premises, outside the bank's premises, or as standalone ATMs at specific locations. 

ATMs are capable of a wide range of tasks, including both financial and non-financial services. Hospitals, shopping centers, airports, and other locations all have ATMs where customers can conveniently withdraw cash as needed. Customers can also use ATMs to pay their bills. Additionally, ATMs can be used to transfer money (both intrabank and interbank transfers). Other non-financial services offered by ATMs include balance inquiries, PIN changes, requests for checkbooks, and other requests. The number of ATMs worldwide has increased as a result of this. Therefore, the multifunctionality of ATMs has led to a rising number of ATMs across the world. This, in turn, is expected to drive the growth of the global market during the forecast period.

Major Market Challenge

The gradual shift towards online banking is a major challenge impeding market growth. The use of the internet has been promoted by the rapid global growth of e-commerce. As a result, the banking sector has also been forced to migrate from offline to online delivery of its traditional services. Banks now discover that offering the same traditional services online has helped them deliver the same traditional services more effectively throughout the entire upgrading and development process. Users can check their account summaries, transfer money, invest in recurring deposits, and do other activities due to the growing use of the internet in homes around the world. Thus, all the benefits provided by online banking have encouraged more banks across the world to offer online banking facilities to customers. 

Cash transactions have decreased while online transactions have increased as a result of the switch from commercial banking to online banking. The expansion of the global market for ATM slide rails is directly impacted by online banking transactions. The number of physical trips to a bank or an ATM to withdraw cash or use other services, like fund transfers or utility bill payments, will decline as commercial banks enable more online banking in the future. This is expected to hamper the growth of the global market during the forecast period.

Customer Landscape

The market research report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

ATM Slide Rails Market Share by Geography

 Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Accuride International Inc. - The company provides drawer slides, specialty slides, access control systems, and related accessories. The key offerings of the company include heavy duty over travel slide with adapter rail mount disconnect, which is designed with a side mount load capacity of up to 200 pounds per pair with a drawer width of 42 inches.

The report also includes detailed analyses of the competitive landscape of the market and information about 6 market companies, including:

  • Chambrelan
  • Sun Chain Metal Industry Co. Ltd.
  • Takachiho Koheki Co. Ltd.
  • The Timken Co.
  • THK Co. Ltd.

Qualitative and quantitative analysis of Companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Market?

The market share growth by the full extension segment will be significant during the forecast period. The inner slide can be fully drawn from the outer slide in slide rails with full extension. They have many uses, including cash cassettes and trays in ATM vault cash dispenser units (CDUs) that distribute cash.

Atm Slide Rails Market Size

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The full extension segment was valued at USD 134.70 million in 2018. Full extension slide rail shipments reached a record high in recent years, and analysts believe this trend will continue in the years to come. ATMs frequently use full extension slide rails. The segment will hold the majority of market shares and control the industry based on the full extension type's properties during the forecast period. 

Which are the Key Regions for the Market?

Atm Slide Rails Market Share by Geography

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North America is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growing demand to eliminate manual tasks is the main factor driving the market in North America. As a result, customers in North America are choosing automated devices more frequently to complete both financial and non-financial banking tasks. Additionally, the majority of the financial institutions in the area are promoting ATM services and increasing customer awareness of the advantages of ATMs. In order to decrease fraudulent activities, ATM manufacturers and financial institutions in North America are incorporating and choosing to use cutting-edge technologies like anti-skimming, biometric devices, and voice recognition systems. Customers feel more secure as a result, which motivates them to use ATMs when conducting banking transactions. Hence, such factors will drive regional market growth during the forecast period. 

Segment Overview

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

  • Type Outlook  
    • Full extension
    • Partial extension
    • Over extension
  • Material Outlook 
    • Stainless steel
    • Steel
    • Aluminum
  • Region Outlook  
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Market Analyst Overview

Automated Tellers ATM slide rails are essential components in the hardware of Automated Teller Machines (ATMs) that facilitate linear motion for various functionalities, including cash recycling, deposit box access, and telescoping movement of drawers. These rails come in different materials such as Aluminum, Steel, and Stainless Steel, each offering unique benefits. Load bearing capacities are crucial factors in selecting the appropriate slide rail material. Corrosion prevention is another essential consideration, especially in high-traffic, humid environments. Electroplating enhances the resistance of slide rails to corrosion and wear. Lubricants play a significant role in ensuring longevity and smooth operation. Full and partial extension slide rails enable access to various compartments in ATMs, while over-extension protection prevents damage. ATM slide rails support various applications, including cash management, payment systems, and liquid cash management.

Also, they are used in small value transactions, automated teller safes, error boxes, front panels, and automatic cash recycling systems. Markets for ATM slide rails include Bitcoin ATMs, where the need for robust and secure components is paramount. Material insights reveal that Aluminum and Steel are commonly used due to their strength and affordability, while Stainless Steel offers superior corrosion resistance. In conclusion, the market is diverse, with various applications and materials catering to the unique requirements of the ATM hardware industry. Understanding the material properties and their impact on performance is crucial for manufacturers and suppliers in this sector.

Market Scope

Report Coverage

Details

Page number

161

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.2%

Market growth 2024-2028

USD 397.3 million

Market structure

Concentrated

YoY growth 2023-2024(%)

12.88

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 51%

Key countries

US, Canada, Germany, China, and Japan

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Accuride International Inc., ATM Deutschland Maschinen u. Werkzeuge Vertriebs GmbH, Chambrelan, GSF Slides, SLIDING CO., LTD., Sun Chain Metal Industry Co. Ltd., Takachiho Koheki Co. Ltd., The Timken Co., THK Co. Ltd., and TUMA

Market dynamics

Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period.

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across North America, Europe, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about Companies
  • Comprehensive analysis of factors that will challenge the growth of market Companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Atm Slide Rails market growth will increase by $ 397.3 mn during 2024-2028.

The Atm Slide Rails market is expected to grow at a CAGR of 15.2% during 2024-2028.

Atm Slide Rails market is segmented by Type( Full extension, Partial extension, Over extension) Material( Stainless steel, Steel, Aluminum)

Accuride International Inc., ATM Deutschland Maschinen u. Werkzeuge Vertriebs GmbH, Chambrelan, GSF Slides, SLIDING CO., LTD., Sun Chain Metal Industry Co. Ltd., Takachiho Koheki Co. Ltd., The Timken Co., THK Co. Ltd., TUMA are a few of the key vendors in the Atm Slide Rails market.

North America will register the highest growth rate of 51% among the other regions. Therefore, the Atm Slide Rails market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

US, Canada, Germany, China, Japan

  • Increasing use of self-service cash recyclingThere is an increase in demand for automatic cash recycling at ATMs is the driving factor this market.
  • automated teller safes is the driving factor this market.
  • and self-service cash recycling machines. Financial institutions like banks aim to achieve increased revenue growth is the driving factor this market.
  • improved customer services is the driving factor this market.
  • and better cost optimization. There are certain areas such as tellers in banks is the driving factor this market.
  • which involve the frequent withdrawal of cash by retail customers is the driving factor this market.
  • thus creating demand for the periodic replenishment of cash. Such activities lead to high costs for banks in terms of labor costs is the driving factor this market.
  • hiring teller staff is the driving factor this market.
  • and the opportunity costs of keeping large amounts of cash in ATMs. In the traditional banking structure is the driving factor this market.
  • the teller in a bank must maintain the cash levels. When the cash available is above or below a specified limit is the driving factor this market.
  • the teller must sell or buy the cash from the vault. Such a system (transaction) involves multiple authentications and also requires human resources like tellers and supervisors. Using a cash recycler system is similar to putting a vault between two tellers but with a superior cash management system. Cash recycling at modern ATMs with a cash recycler thus helps financial Institutions optimize their operations at a lower cost by eliminating the costs incurred on resources is the driving factor this market.
  • like a teller and a vault is the driving factor this market.
  • for managing the cash balance. This also increases efficiency by roughly 90% over the traditional system and increases the profitability of banks because of lower expenses.Additionally is the driving factor this market.
  • since the outbreak of COVID-19 in January 2020 is the driving factor this market.
  • cash recycling has become all the more important. One of the significant benefits of cash recycling in the current scenario is that it helps minimize the number of touchpoints that cash goes through. Thus is the driving factor this market.
  • the need for cash recycling is of utmost importance in view of the COVID-19 pandemic. Therefore is the driving factor this market.
  • the rising demand for cash recycling is expected to drive the global ATM slide rails market during the forecast period. is the driving factor this market.

The Atm Slide Rails market vendors should focus on grabbing business opportunities from the Full extension segment as it accounted for the largest market share in the base year.