The note sorter market size has grown strongly in recent years. It will grow from $6.48 billion in 2024 to $6.95 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to demand for high-speed sorting, cash management optimization, counterfeit detection and security measures, rise in cash-based transactions, banking and financial sector growth.
The note sorter market size is expected to see strong growth in the next few years. It will grow to $9.37 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to sustainability initiatives, demand for mixed denomination sorting, focus on operational efficiency, global banking expansion, cash recycling and ATM automation. Major trends in the forecast period include green and sustainable solution, adherence to regulatory standards, enhanced user experience, integration with cash recycling systems, rise in contactless transactions.
The growing expansion of commercial banks is projected to drive the note sorter market in the future. A commercial bank is a financial institution that provides customers with services such as loans, savings accounts, and overdrafts, earning revenue primarily by charging interest on loans. Note sorters play a crucial role in commercial banks by verifying the authenticity and condition of banknotes, as well as managing cash effectively. They assist in identifying and sorting out suspected counterfeit notes. For example, in July 2024, the Press Information Bureau, an India-based nodal agency, reported that Scheduled Commercial Banks (SCBs) in India experienced significant growth in 2023 compared to 2022, with total deposits rising to ₹204.75 lakh crore ($2,457 million), up from ₹180.44 lakh crore ($2,148 million) the previous year, reflecting a 13.4% increase. Consequently, the growth of commercial banks is driving the demand for note sorters.
The note sorter market is poised for growth driven by the rapid industrialization observed during the forecast period. Industrialization involves the development of industries, leading to increased manufacturing, production, and economic activities. Note sorters are closely linked to various industries as they offer efficient solutions for managing cash transactions and ensuring the validity of currency. In 2022, industrial production in the United States saw a 0.2% annual increase in April, following a 0.1% rise in March. This trend underscores the correlation between rapid industrialization and the demand for note sorters in managing cash transactions effectively.
The note sorter market is witnessing a surge in the adoption of technological advancements, emerging as a prominent trend. Major players in the note sorter market are dedicated to developing innovative technological solutions to fortify their market standing. For example, in January 2022, Godrej & Boyce, a manufacturer based in India specializing in highly engineered products and solutions, introduced Valumatic, an advanced currency handling machine based on CIS technology. Uniquely designed with 3D and color sensor value counters, Valumatic accurately identifies denominations and detects counterfeit currency. It is capable of recognizing denominations and fake currencies for up to 10 world currencies, capturing images and serial numbers. Additionally, it can be connected to printers for report generation, and its software can be easily upgraded.
Prominent companies in the note sorter market are directing their efforts toward product innovations, particularly in the realm of Teller Cash Recycler (TCR) solutions. Teller Cash Recyclers are sophisticated devices employed in banks to optimize branch and drive-through operations, reduce personnel costs, and enhance security and customer service. A noteworthy example is the GLR-100, part of the new GLR series of Teller Cash Recycler (TCR) solutions. The distinctive features of GLR-100 include high-speed note counting, substantial storage capacity, self-audit capabilities, and secure cash transfer between the teller and the vault. This new GLR solution is designed for seamless integration with Glory's secure cloud-based UBIQULARTM solutions, offering improved business intelligence and enabling remote monitoring and management of devices throughout the branch network.
In June 2022, Giesecke+Devrient, a technology company based in Germany, disclosed its acquisition of Valid's payment and identity solutions for an undisclosed amount. This strategic move by G+D aims to expedite its expansion in the United States, a major market for payment and identification. Amidst ongoing industry-wide supply chain challenges, G+D clients stand to benefit from the increased business scale resulting from this acquisition. Valid, a technology company headquartered in Brazil, brings valuable expertise to G+D's portfolio.
Major companies operating in the note sorter market include Bcash Electronics Co. Ltd., Crane Payment Innovations Inc., De La Rue Plc, Giesecke & Devrient GmbH, Glory Global Solutions Limited, GRG Banking Equipment Co. Ltd., Julong Europe GmbH, Kisan Electronics Co. Ltd., Laurel Bank Machines Co. Ltd., Toshiba Infrastructure Systems & Solutions Corporation, Maxsell Co., Knight Sun Impex Private Limited, Zhejiang Weirong Electronic Co. Ltd., Hitachi Ltd., CBPM & Xinda Banking Equipment Co. Ltd., Cassida Corporation, SuzoHapp Group, CIMA S.p.A., Billcon Corporation, Currency Tech GmbH, Anhui Lema International Co. Ltd., Suzhou Procoin Money Handling Systems Co. Ltd., Uchida Yoko Co. Ltd., Innovative Technology Ltd.
North America was the largest region in the note sorter market in 2024. The regions covered in the note sorter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the note sorter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A note sorter is a machine designed to streamline the cash management process by efficiently sorting and bundling notes based on their denomination. These machines are utilized for bundling, sorting, and counting notes or cash.
The primary categories of note sorters include small note sorters, medium note sorters, and large note sorters. Small-sized note sorters are compact machines that require a smaller footprint. The key types of enterprises involved in this sector encompass large enterprises and small and medium enterprises (SMEs). Various end-users of note sorters include the Banking, Financial Services and Insurance (BFSI) sector, retail, and other industries.
The note sorter market research report is one of a series of new reports that provides note sorter market statistics, including note sorter industry global market size, regional shares, competitors with a note sorter market share, detailed note sorter market segments, market trends and opportunities, and any further data you may need to thrive in the note sorter industry. This note sorter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The note sorter market consists of sales of note sorter 2+1 and note sorter 3+1. 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).
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.
This product will be delivered within 3-5 business days.
The note sorter market size is expected to see strong growth in the next few years. It will grow to $9.37 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to sustainability initiatives, demand for mixed denomination sorting, focus on operational efficiency, global banking expansion, cash recycling and ATM automation. Major trends in the forecast period include green and sustainable solution, adherence to regulatory standards, enhanced user experience, integration with cash recycling systems, rise in contactless transactions.
The growing expansion of commercial banks is projected to drive the note sorter market in the future. A commercial bank is a financial institution that provides customers with services such as loans, savings accounts, and overdrafts, earning revenue primarily by charging interest on loans. Note sorters play a crucial role in commercial banks by verifying the authenticity and condition of banknotes, as well as managing cash effectively. They assist in identifying and sorting out suspected counterfeit notes. For example, in July 2024, the Press Information Bureau, an India-based nodal agency, reported that Scheduled Commercial Banks (SCBs) in India experienced significant growth in 2023 compared to 2022, with total deposits rising to ₹204.75 lakh crore ($2,457 million), up from ₹180.44 lakh crore ($2,148 million) the previous year, reflecting a 13.4% increase. Consequently, the growth of commercial banks is driving the demand for note sorters.
The note sorter market is poised for growth driven by the rapid industrialization observed during the forecast period. Industrialization involves the development of industries, leading to increased manufacturing, production, and economic activities. Note sorters are closely linked to various industries as they offer efficient solutions for managing cash transactions and ensuring the validity of currency. In 2022, industrial production in the United States saw a 0.2% annual increase in April, following a 0.1% rise in March. This trend underscores the correlation between rapid industrialization and the demand for note sorters in managing cash transactions effectively.
The note sorter market is witnessing a surge in the adoption of technological advancements, emerging as a prominent trend. Major players in the note sorter market are dedicated to developing innovative technological solutions to fortify their market standing. For example, in January 2022, Godrej & Boyce, a manufacturer based in India specializing in highly engineered products and solutions, introduced Valumatic, an advanced currency handling machine based on CIS technology. Uniquely designed with 3D and color sensor value counters, Valumatic accurately identifies denominations and detects counterfeit currency. It is capable of recognizing denominations and fake currencies for up to 10 world currencies, capturing images and serial numbers. Additionally, it can be connected to printers for report generation, and its software can be easily upgraded.
Prominent companies in the note sorter market are directing their efforts toward product innovations, particularly in the realm of Teller Cash Recycler (TCR) solutions. Teller Cash Recyclers are sophisticated devices employed in banks to optimize branch and drive-through operations, reduce personnel costs, and enhance security and customer service. A noteworthy example is the GLR-100, part of the new GLR series of Teller Cash Recycler (TCR) solutions. The distinctive features of GLR-100 include high-speed note counting, substantial storage capacity, self-audit capabilities, and secure cash transfer between the teller and the vault. This new GLR solution is designed for seamless integration with Glory's secure cloud-based UBIQULARTM solutions, offering improved business intelligence and enabling remote monitoring and management of devices throughout the branch network.
In June 2022, Giesecke+Devrient, a technology company based in Germany, disclosed its acquisition of Valid's payment and identity solutions for an undisclosed amount. This strategic move by G+D aims to expedite its expansion in the United States, a major market for payment and identification. Amidst ongoing industry-wide supply chain challenges, G+D clients stand to benefit from the increased business scale resulting from this acquisition. Valid, a technology company headquartered in Brazil, brings valuable expertise to G+D's portfolio.
Major companies operating in the note sorter market include Bcash Electronics Co. Ltd., Crane Payment Innovations Inc., De La Rue Plc, Giesecke & Devrient GmbH, Glory Global Solutions Limited, GRG Banking Equipment Co. Ltd., Julong Europe GmbH, Kisan Electronics Co. Ltd., Laurel Bank Machines Co. Ltd., Toshiba Infrastructure Systems & Solutions Corporation, Maxsell Co., Knight Sun Impex Private Limited, Zhejiang Weirong Electronic Co. Ltd., Hitachi Ltd., CBPM & Xinda Banking Equipment Co. Ltd., Cassida Corporation, SuzoHapp Group, CIMA S.p.A., Billcon Corporation, Currency Tech GmbH, Anhui Lema International Co. Ltd., Suzhou Procoin Money Handling Systems Co. Ltd., Uchida Yoko Co. Ltd., Innovative Technology Ltd.
North America was the largest region in the note sorter market in 2024. The regions covered in the note sorter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the note sorter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A note sorter is a machine designed to streamline the cash management process by efficiently sorting and bundling notes based on their denomination. These machines are utilized for bundling, sorting, and counting notes or cash.
The primary categories of note sorters include small note sorters, medium note sorters, and large note sorters. Small-sized note sorters are compact machines that require a smaller footprint. The key types of enterprises involved in this sector encompass large enterprises and small and medium enterprises (SMEs). Various end-users of note sorters include the Banking, Financial Services and Insurance (BFSI) sector, retail, and other industries.
The note sorter market research report is one of a series of new reports that provides note sorter market statistics, including note sorter industry global market size, regional shares, competitors with a note sorter market share, detailed note sorter market segments, market trends and opportunities, and any further data you may need to thrive in the note sorter industry. This note sorter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The note sorter market consists of sales of note sorter 2+1 and note sorter 3+1. 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).
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Note Sorter Market Characteristics3. Note Sorter Market Trends and Strategies4. Note Sorter Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Note Sorter Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Note Sorter Market34. Recent Developments in the Note Sorter Market
5. Global Note Sorter Growth Analysis and Strategic Analysis Framework
6. Note Sorter Market Segmentation
7. Note Sorter Market Regional and Country Analysis
8. Asia-Pacific Note Sorter Market
9. China Note Sorter Market
10. India Note Sorter Market
11. Japan Note Sorter Market
12. Australia Note Sorter Market
13. Indonesia Note Sorter Market
14. South Korea Note Sorter Market
15. Western Europe Note Sorter Market
16. UK Note Sorter Market
17. Germany Note Sorter Market
18. France Note Sorter Market
19. Italy Note Sorter Market
20. Spain Note Sorter Market
21. Eastern Europe Note Sorter Market
22. Russia Note Sorter Market
23. North America Note Sorter Market
24. USA Note Sorter Market
25. Canada Note Sorter Market
26. South America Note Sorter Market
27. Brazil Note Sorter Market
28. Middle East Note Sorter Market
29. Africa Note Sorter Market
30. Note Sorter Market Competitive Landscape and Company Profiles
31. Note Sorter Market Other Major and Innovative Companies
35. Note Sorter Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Note Sorter Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on note sorter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for note sorter ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The note sorter market global report answers all these questions and many more.The 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 market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Sorter Type: Small-Sized Note Sorter; Medium-Sized Note Sorter; Large-Sized Note Sorter2) by Enterprise Size: Large Enterprises; Small and Medium Enterprises
3) by End User: BFSI; Retail; Other Users
Subsegments:
1) by Small-Sized Note Sorter: Compact Note Sorter; Desktop Note Sorter2) by Medium-Sized Note Sorter: Tabletop Note Sorter; Floor-Standing Note Sorter
3) by Large-Sized Note Sorter: High-Capacity Note Sorter; Bulk Note Processing Machine
Key Companies Mentioned: Bcash Electronics Co. Ltd.; Crane Payment Innovations Inc.; De La Rue Plc; Giesecke & Devrient GmbH; Glory Global Solutions Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Note Sorter market report include:- Bcash Electronics Co. Ltd.
- Crane Payment Innovations Inc.
- De La Rue Plc
- Giesecke & Devrient GmbH
- Glory Global Solutions Limited
- GRG Banking Equipment Co. Ltd.
- Julong Europe GmbH
- Kisan Electronics Co. Ltd.
- Laurel Bank Machines Co. Ltd.
- Toshiba Infrastructure Systems & Solutions Corporation
- Maxsell Co.
- Knight Sun Impex Private Limited
- Zhejiang Weirong Electronic Co. Ltd.
- Hitachi Ltd.
- CBPM & Xinda Banking Equipment Co. Ltd.
- Cassida Corporation
- SuzoHapp Group
- CIMA S.p.A.
- Billcon Corporation
- Currency Tech GmbH
- Anhui Lema International Co. Ltd.
- Suzhou Procoin Money Handling Systems Co. Ltd.
- Uchida Yoko Co. Ltd.
- Innovative Technology Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 6.95 Billion |
| Forecasted Market Value ( USD | $ 9.37 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
