Cash Recycler Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The cash recycler market size has grown strongly in recent years. It will grow from $3.76 billion in 2024 to $3.98 billion in 2025 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to cash usage patterns, customer experience, efficiency improvements, security concerns, cost reduction, regulatory compliance.

The cash recycler market size is expected to see strong growth in the next few years. It will grow to $4.96 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to expansion of cash-intensive industries, increasing focus on sustainability, growing demand for self-service banking, expansion of retail banking networks, growing emphasis on cash automation. Major trends in the forecast period include AI and Machine learning, mobile integration, customization and scalability, data analytics and reporting, remote monitoring and management.

The surging demand for efficient cash management practices is poised to drive substantial growth within the cash recycler market. Cash management encompasses various activities such as collecting, managing, investing, and disbursing cash within organizations to optimize liquidity, minimize financial risk, and maximize profitability. The increasing demand for efficient cash management is spurred by regulatory mandates, technological advancements, and competitive pressures, compelling businesses to prioritize cash optimization and liquidity management to achieve their financial objectives. Cash recycling devices play a pivotal role in enhancing consumer experiences by offering safe and effective cash management solutions, seamlessly integrating with digital banking systems. For instance, Nationwide Building Society reported a notable uptick in ATM utilization for cash deposits, along with increased withdrawal transactions, underscoring the growing need for cash management solutions to efficiently handle cash levels.

Prominent companies operating within the cash recycler market are directing their efforts toward the development of cassette-based recycling solutions, exemplified by products such as the GLR-100, to drive revenue growth. The GLR-100 represents a cassette-based recycling system, or teller cash recycler (TCR), leveraging cassettes for storing and managing notes. Glory, a Japan-based cash technology solutions company, introduced the GLR-100 in August 2022, as part of its GLR series of Teller Cash Recyclers. This innovative solution incorporates self-audit capabilities, enhancing branch banking economics. The latest TCRs leverage advanced banknote identification technology and are IoT and cloud-enabled, seamlessly integrating with Glory's UBIQULARTM solutions to enhance business analytics and enable remote monitoring and administration across branch networks.

In August 2022, Sesami Cash Management Technologies, a Canada-based software company, completed the acquisition of ARCA for an undisclosed sum. Through this acquisition, Sesami aims to bolster its global positioning as a comprehensive, technologically-enabled cash ecosystem service provider for banking institutions and consumer enterprises. ARCA, a US-based company specializing in manufacturing teller cash recyclers and offering cash technology solutions to banking institutions, aligns with Sesami's strategic objectives to enhance its offerings and capabilities within the cash management ecosystem.

Major companies operating in the cash recycler market are Fiserv Inc., Fifth Third Bank NA, NCR Corporation, The Brink's Company, Garda World Security Corporation, Diebold Nixdorf Inc., Giesecke+Devrient Currency Technology America Inc., Loomis AB, GRG Banking Equipment Co. Ltd., CPI Card Group, Gunnebo AB, Cummins Allison Corp., JCM Global, FireKing Security Group, Hitachi Payment Services Pvt. Ltd., Tidel Engineering L.P., Nautilus Hyosung America Inc., Glory Global Solutions Inc., Kisan Electronics Co. Ltd., Triton Systems of Delaware LLC, CashTech Currency Products Inc., KICTeam Inc., Cassida Corporation, Volumatic Ltd., Hyosung TNS Inc.

Asia-Pacific was the largest region in the cash recycler market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cash recycler market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cash recycler market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cash recyclers market consists of sales of modular cash recycler systems, portable cash recyclers, high-volume cash recyclers, desktop cash recyclers, embedded cash recyclers, and standalone cash recyclers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Cash recyclers are machines designed to automate currency processing tasks, including accepting, verifying, storing, and dispensing cash. They streamline cash-handling procedures by reducing manual counting, enhancing accuracy, bolstering security measures, and optimizing cash flow management.

The primary types of cash recyclers include dependent cash recycling modules and embedded cash recycling modules. Dependent cash recycling modules are standalone machines that accept and dispense cash, commonly utilized across various industries for efficient cash management purposes. Applications include automated teller machines, self-checkout systems, bill payment kiosks, retail cash management solutions, teller assistance tools, and more, serving industries such as banking, financial services, insurance, retail and e-commerce, hospitality, government, media and entertainment, among others.

The cash recycler market research report is one of a series of new reports that provides cash recycler market statistics, including cash recycler industry global market size, regional shares, competitors with cash recycler market share, detailed cash recycler market segments, market trends, and opportunities, and any further data you may need to thrive in the cash recycler industry. This cash recycler market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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