Coin Sorter Market by Type and Geography - Forecast and Analysis 2022-2026

Published: Jun 2022

Pages: 126

SKU: IRTNTR73737

Snapshot

The coin sorter market share is expected to increase by USD 1.55 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.11%.

This coin sorter market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers coin sorter market segmentation by type (small size coin sorter, medium size coin sorter, and large size coin sorter) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The coin sorter market report also offers information on several market vendors, including Arihant Maxsell Technologies Pvt. Ltd., BCASH ELECTRONICS CO. LTD., Cassida Corp., Crane Co., CTcoin AS, De La Rue Plc, Giesecke Devrient GmbH, Glory Ltd., GRGBanking, Hilton Trading Corp., International Business Machines Corp., Julong Co. Ltd., KLOPP Coin Inc., Nadex Coins, Royal Sovereign International Inc., Safescan BV, Semacon Business Machines Inc., Suzhou Ribao Technology Co. Ltd., SUZOHAPP, TaskFile, and Teachers Choice among others.

What will the Coin Sorter Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Coin Sorter Market Size for the Forecast Period and Other Important Statistics

Coin Sorter Market: Key Drivers, Trends, and Challenges

The accurate counting of coins is notably driving the coin sorter market growth, although factors such as increased number of card transactions may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the coin sorter industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Coin Sorter Market Driver

One of the key factors driving the global coin sorter industry growth is the accurate counting of coins. These counting errors can result in losses and can complicate the maintenance of financial records. Coin sorter provides high levels of accuracy, thus, they are used for counting, sorting, and currency authentication. The coin sorters are used in banks, railway stations, airports, and shopping malls, where cash exchange takes place regularly. Coin sorter machines offer increased convenience as they can count large amounts of money at a significantly faster rate than humans and with a high degree of precision. They save time and increase the operational efficiency of businesses. Such factors will be driving the demand for coin sorters during the forecast period.

Key Coin Sorter Market Trend

Rising number of bank branches in developing economies is one of the key coin sorter market trends that is expected to impact the industry positively in the forecast period. Banks in emerging economies are opening branches to tap the unbanked population in countries such as India, which will drive the demand for coin sorters. For instance, the number of commercial bank branches in India grew from 9.28 per 100,000 adults in 2008 to 14.7 per 100,000 adults in 2020. Similarly, the number of commercial bank branches in Armenia grew from 17.3 per 100,000 adults in 2008 to 24.6 per 100,000 adults in 2020. Such factors may fuel the growth of the market in the forecast years.

Key Coin Sorter Market Challenge

One of the key challenges to the global coin sorter industry growth is the increased number of card transactions. The rise in the number of cashless payment transactions by consumers poses a threat to coin sorters. Consumers are using online modes of payment or cards to shop at retail or hospitality business stores for making convenient payments. Thus, banks and merchants are investing in cashless technology and the market. In 2021, approximately more than half of all payment transactions globally were done using cards. Moreover, the growth of the retail e-commerce industry has been fueled by the increase in online payments, which will hinder the growth of the coin sorter machine market during the forecast period.

This coin sorter market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global coin sorter market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the coin sorter market during the forecast period.

Who are the Major Coin Sorter Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the coin sorter market encompasses successful business strategies deployed by the key vendors. The coin sorter market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

Crane Co. - The company offers coin sorter products such as JetSort 1000, JetSort 2000, and JetSort 3000.
BCASH ELECTRONICS CO. LTD. - The company offers coin sorter products such as CS2000-9P, CS2000-7P, and Detector L90C.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The coin sorter market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Coin Sorter Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the coin sorter market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Coin Sorter Market?

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39% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for coin sorters in APAC. Market growth in this region will be faster than the growth of the market in North America, Europe, and MEA.

The growing number of banks, retail stores, casinos, and other monetary organizations in countries, such as India, Afghanistan, Bangladesh, Bhutan, and Cambodia will facilitate the coin sorter market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic negatively impacted the growth of the coin sorter market in APAC in 2020. The demand for coin sorters declined, owing to the restrictions and lockdowns imposed by the governments of most countries in the region, which led to the temporary closure of retail chains, casinos, and many commercial businesses. However, these restrictions have been lifted with additional measures taken at workplaces, including social distancing and standard safety procedures, such as wearing masks. This is expected to restore the economy back to normalcy, which will increase the demand for coin sorters and drive the growth of the market during the forecast period.

What are the Revenue-generating Type Segments in the Coin Sorter Market?

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The coin sorter market share growth by the small-size coin sorter segment will be significant during the forecast period. The increasing number of coins of different sizes that can be handled with the help of small-size sorters and the large popularity of such sorters in the retail industry have largely contributed to the dominance of the small-size coin segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the coin sorter market size and actionable market insights on post COVID-19 impact on each segment.

Coin Sorter Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 8.11%
Market growth 2022-2026	$ 1.55 billion
Market structure	Concentrated
YoY growth (%)	6.89
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 39%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Arihant Maxsell Technologies Pvt. Ltd., BCASH ELECTRONICS CO. LTD., Cassida Corp., Crane Co., CTcoin AS, De La Rue Plc, Giesecke Devrient GmbH, Glory Ltd., GRGBanking, Hilton Trading Corp., International Business Machines Corp., Julong Co. Ltd., KLOPP Coin Inc., Nadex Coins, Royal Sovereign International Inc., Safescan BV, Semacon Business Machines Inc., Suzhou Ribao Technology Co. Ltd., SUZOHAPP, TaskFile, and Teachers Choice
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our 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 Coin Sorter Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive coin sorter market growth during the next five years
Precise estimation of the coin sorter market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the coin sorter industry across APAC, North America, Europe, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of coin sorter market vendors

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

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type

5.3 Small size coin sorter - Market size and forecast 2021-2026
- Exhibit 28: Chart on Small size coin sorter - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Small size coin sorter - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Small size coin sorter - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Small size coin sorter - Year-over-year growth 2021-2026 (%)

5.4 Medium size coin sorter - Market size and forecast 2021-2026
- Exhibit 32: Chart on Medium size coin sorter - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Medium size coin sorter - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Medium size coin sorter - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Medium size coin sorter - Year-over-year growth 2021-2026 (%)

5.5 Large size coin sorter - Market size and forecast 2021-2026
- Exhibit 36: Chart on Large size coin sorter - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Large size coin sorter - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Large size coin sorter - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Large size coin sorter - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Type
- Exhibit 40: Market opportunity by Type ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Japan - Market size and forecast 2021-2026
- Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.11 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.12 Germany - Market size and forecast 2021-2026
- Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption

9.4 Industry risks
- Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 91: Vendors covered

10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification

10.3 BCASH ELECTRONICS CO. LTD.
- Exhibit 93: BCASH ELECTRONICS CO. LTD. - Overview
- Exhibit 94: BCASH ELECTRONICS CO. LTD. - Product / Service
- Exhibit 95: BCASH ELECTRONICS CO. LTD. - Key offerings

10.4 Crane Co.
- Exhibit 96: Crane Co. - Overview
- Exhibit 97: Crane Co. - Business segments
- Exhibit 98: Crane Co. - Key offerings
- Exhibit 99: Crane Co. - Segment focus

10.5 CTcoin AS
- Exhibit 100: CTcoin AS - Overview
- Exhibit 101: CTcoin AS - Product / Service
- Exhibit 102: CTcoin AS - Key offerings

10.6 De La Rue Plc
- Exhibit 103: De La Rue Plc - Overview
- Exhibit 104: De La Rue Plc - Business segments
- Exhibit 105: De La Rue Plc - Key offerings
- Exhibit 106: De La Rue Plc - Segment focus

10.7 Giesecke Devrient GmbH
- Exhibit 107: Giesecke Devrient GmbH - Overview
- Exhibit 108: Giesecke Devrient GmbH - Business segments
- Exhibit 109: Giesecke Devrient GmbH - Key offerings
- Exhibit 110: Giesecke Devrient GmbH - Segment focus

10.8 Glory Ltd.
- Exhibit 111: Glory Ltd. - Overview
- Exhibit 112: Glory Ltd. - Business segments
- Exhibit 113: Glory Ltd. - Key news
- Exhibit 114: Glory Ltd. - Key offerings
- Exhibit 115: Glory Ltd. - Segment focus

10.9 GRGBanking
- Exhibit 116: GRGBanking - Overview
- Exhibit 117: GRGBanking - Product / Service
- Exhibit 118: GRGBanking - Key offerings

10.10 International Business Machines Corp.
- Exhibit 119: International Business Machines Corp. - Overview
- Exhibit 120: International Business Machines Corp. - Business segments
- Exhibit 121: International Business Machines Corp. - Key offerings
- Exhibit 122: International Business Machines Corp. - Segment focus

10.11 Royal Sovereign International Inc.
- Exhibit 123: Royal Sovereign International Inc. - Overview
- Exhibit 124: Royal Sovereign International Inc. - Product / Service
- Exhibit 125: Royal Sovereign International Inc. - Key offerings

10.12 Suzhou Ribao Technology Co. Ltd.
- Exhibit 126: Suzhou Ribao Technology Co. Ltd. - Overview
- Exhibit 127: Suzhou Ribao Technology Co. Ltd. - Product / Service
- Exhibit 128: Suzhou Ribao Technology Co. Ltd. - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 129: Inclusions checklist
- Exhibit 130: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 131: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 132: Research methodology
- Exhibit 133: Validation techniques employed for market sizing
- Exhibit 134: Information sources

11.5 List of abbreviations
- Exhibit 135: List of abbreviations

Methodology

Research Framework

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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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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