1h Free Analyst Time
The currency counting machine market is forecasted to grow by USD 959.7 million during 2023-2028, accelerating at a CAGR of 18.3% during the forecast period. The report on the currency counting machine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in counterfeit currency, rising number of bank branches in developing economies, and counting accuracy offered by currency counting machines.
The currency counting machine market is segmented as below:
By End-user
- BFSI
- Retail
- Commercial
By Type
- Basic note counter
- Hi-speed heavy duty cash counting
- Intelligent counting cum counterfeit detection machines
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The report on the currency counting machine market covers the following areas:
- Currency counting machine market sizing
- Currency counting machine market forecast
- Currency counting machine market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global currency counting machine market: Aditya Systems, Arihant Maxsell Technologies Pvt. Ltd., Billcon Corp., CDM USA Inc., Crane Payment Innovations Inc., Dolphin Automation, Giesecke Devrient GmbH, Glory Ltd., Godrej and Boyce Manufacturing Co. Ltd., GRGBanking, Guangdong Baijia Baiter Co. Ltd., Guangzhou SmartTec Co. Ltd., Halma Plc, Hilton Trading Corp., Julong Co. Ltd., Kisan Electronics Co. Ltd., Ktron Systems, Laurel Bank Machines Co. Ltd., Mycica Technologies, and NexBill Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing need for weight-based currency counting machines."
According to the report, one of the major drivers for this market is the increase in counterfeit currency.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aditya Systems
- Arihant Maxsell Technologies Pvt. Ltd.
- Billcon Corp.
- CDM USA Inc.
- Crane Payment Innovations Inc.
- Dolphin Automation
- Giesecke Devrient GmbH
- Glory Ltd.
- Godrej and Boyce Manufacturing Co. Ltd.
- GRGBanking
- Guangdong Baijia Baiter Co. Ltd.
- Guangzhou SmartTec Co. Ltd.
- Halma Plc
- Hilton Trading Corp.
- Julong Co. Ltd.
- Kisan Electronics Co. Ltd.
- Ktron Systems
- Laurel Bank Machines Co. Ltd.
- Mycica Technologies
- NexBill Inc.
