Currency Counting Machine Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR41365
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The currency counting machine market value is projected to grow by USD 373.27 million at a decelerating CAGR of 13.51% during 2021-2025.

This currency counting machine market analysis report entails exhaustive statistical qualitative and quantitative data on end-user (BFSI, retail, and commercial) and geography (APAC, Europe, North America, South America, and MEA) and their contribution to the target market. View our sample report to gather market insights on the segmentations. Furthermore, with the latest key findings on the post COVID-19 impact on the market, available in this report, you can create successful business strategies to generate new sales opportunities.

What will the Currency Counting Machine Market Size be in 2021?

Currency Counting Machine Market Size

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Currency Counting Machine Market: Key Drivers and Trends

According to our research output, there has been a neutral impact on the market growth post COVID-19 era. Key drivers such as the increase in counterfeit currency are notably supporting the currency counting machine market growth. However, one of the foremost factors impeding market growth is the increased number of card transactions. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic currency counting machine market report has assessed the shift in consumer behavior and identified trends and drivers that will help market players outmaneuver challenges. Technology innovations, implementation, and improvisation scope identified in the currency counting machine market trends is essential for building new business opportunities across segmentations and geographies.

Who are the Major Currency Counting Machine Market Vendors?

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

 

  • Arihant Maxsell Technologies Pvt. Ltd.
  • Billcon Corp.
  • Cummins-Allison Corp.
  • Giesecke + Devrient GmbH
  • GLORY Ltd.
  • GRGBanking
  • Guangdong Baijia Baiter Co. Ltd.
  • Julong Co. Ltd.
  • Kisan Electronics Co. Ltd.
  • Laurel Bank Machines Co. Ltd.

 

The currency counting machine market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post-pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

The key vendor profiles include information on their production, sustainability, and growth prospects. Download a free sample of the currency counting machine market forecast report for insights on complete key vendor profiles.

Which are the Key Regions for Currency Counting Machine Market?

Currency Counting Machine Market Share by Geography

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China, India, and Japan are the key markets for currency counting machines in APAC. Learn about the key, emerging, and untapped markets from our currency counting machine market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 46% of the market’s growth will originate from APAC during the forecast period.

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The rising number of bank branches in developing economies will facilitate the currency counting machine market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Currency Counting Machine Market?

Currency Counting Machine Market Share by End-user

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The currency counting machine market report provides a comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency. The currency counting machine market share growth by the BFSI segment has been significant and is expected to provide significant growth opportunities to market vendors.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the currency counting machine market size.

 

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What are the Key Factors Covered in this Currency Counting Machine Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive currency counting machine market growth during the next five years
  • Precise estimation of the currency counting machine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the currency counting machine market across APAC, Europe, North America, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of currency counting machine market vendors

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Currency Counting Machine Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 14%

Market growth 2021-2025

$ 373.27 million

Market structure

Fragmented

YoY growth (%)

23.85

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 46%

Key consumer countries

US, China, India, Germany, Japan, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Arihant Maxsell Technologies Pvt. Ltd., Billcon Corp., Cummins-Allison Corp., Giesecke + Devrient GmbH, GLORY Ltd., GRGBanking, Guangdong Baijia Baiter Co. Ltd., Julong Co. Ltd., Kisan Electronics Co. Ltd., and Laurel Bank Machines Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • BFSI - Market size and forecast 2020-2025
    • Retail - Market size and forecast 2020-2025
    • Commercial - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Arihant Maxsell Technologies Pvt. Ltd.
      • Billcon Corp.
      • Cummins-Allison Corp.
      • Giesecke + Devrient GmbH
      • GLORY Ltd.
      • GRGBanking
      • Guangdong Baijia Baiter Co. Ltd.
      • Julong Co. Ltd.
      • Kisan Electronics Co. Ltd.
      • Laurel Bank Machines Co. Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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.

      TechnavioINFORMATION 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
      Technavio

      TechnavioDATA 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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

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

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The currency counting machine market growth will increase by $35.81 million during 2019-2024.
      The currency counting machine market is expected to grow at a CAGR of 2.46% during 2019-2024.
      Technavio has segmented the currency counting machine market by end user (BFSI sector, Retail sector, and Commercial sector) and geographic (APAC, Europe, North America, MEA, and South America).
      Arihant Maxsell Technologies Pvt. Ltd., Billcon Corp., Crane Co., Giesecke + Devrient GmbH, GLORY Ltd., GRGBanking, Guangdong Baijia Baiter Co. Ltd., Julong Co. Ltd., Kisan Electronics Co. Ltd., Laurel Bank Machines Co. Ltd. are a few of the key vendors in the currency counting machine market.
      APAC will register the highest growth rate of 56.74% among the other regions. Therefore, the currency counting machine market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the currency counting machine market growth are:
      • Increase in fake currency
      • Growing need for weight-based currency counting machines
      The currency counting machine market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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