Coin Sorter Market is Projected to Expand at a 6.8% CAGR BY 2023
Coin Sorter Market by Type: Global Opportunity Analysis and Industry Forecast, 2016-2023, the global coin sorter market was valued at $3,486 million in 2016, and is projected to reach $5,415 million by 2023, growing at a CAGR of 6.8% from 2017 to 2023. The large size coin sorter segment is anticipated to grow at the highest rate during the forecast period.
North America generated the highest revenue in 2016, due to the development of retail industry & banking sector and increase in adoption of coin sorters. The Asia-Pacific coin sorter market is expected to grow at the highest rate during the forecast period, owing to the remarkable economic growth in Southeast Asia, India, & other economies and need for advanced products to facilitate hassle-free working of highly cash-intensive businesses.
Flat 20% Discount on All License Type (Offer Valid Till 20th April 2019)
The small size coin sorter segment contributed the highest share, accounting for $1,575 million in 2016, and is projected to grow at the CAGR of 6.3% during the forecast period. However, the coin sorter market for large size coin sorters is projected to grow at the highest rate of 7.6%.
Growth associated with commercial banks & retail industry, demand for automated cash-handling products, surge in demand for technologically advanced self-service machines, and increased application areas drives the coin sorter market growth. In addition, initiatives by commercial banks towards the adoption coin sorter machines are expected to propel the market growth. For instance, in May 2017, Siam Commercial Bank announced to implement machines that facilitate the deposition of coins into their bank accounts.
The report features a competitive scenario of the global coin sorter industry and provides a comprehensive analysis of key growth strategies adopted by the major players. The key players profiled in the study are Giesecke & Devrient, Glory Global Solutions Limited, Laurel, Delarue, Baija Baiter, Royal Sovereign, Cummins Allison, Suzhou Ribao Technology Co., ltd., BCash, and CT Coin. These players adopt competitive strategies such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations to augment the growth of the coin sorter market growth.
Download Free Sample Copy of Report:https://www.alliedmarketresearch.com/request-sample/4532?utm_source=vs
Key Findings of the Coin Sorter Market:
• The small size coin sorter segment accounted for the highest share of the global coin sorter industry in 2016, growing at a CAGR of 6.3% from 2017 to 2023.
• The North America coin sorter market generated the highest share, accounting for $1,467 million in 2016.
• The coin sorter market for large size coin sorter segment is expected to witness the highest growth rate during the forecast period.
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Coin Sorter Market is Projected to Expand at a 6.8% CAGR BY 2023 here
News-ID: 1698129 • Views: 322
More Releases from Allied Market Research
North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently
More Releases for Coin
Global Coin Cell Batteries Market Insights, Forecast
The Coin Cell Batteries market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Coin Cell Batteries. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=49250 Table of Contents: Table of Contents 1 Study Coverage
New cryptocurrency - FORTE COIN (FOTC)
FORTE COIN (FOTC) is a Cryptocurrency that is blockchain and ethereum based. It can be exchange with other Cryptocurrencies like bitcoin and other currencies when it gets to the exchange market. Apart from using the coin to buy and sell, it can also be used for payment of services such as real estate companies, clearing and forwarding agents, payment of rental and many more. FORTE COIN (FOTC) is also a travellers
Operation Iraqi Freedom challenge coin
Born Ready Apparel is honored to present our first Operation Iraqi Freedom challenge coin. This is an original and veteran designed Operation Iraqi Freedom coin double-sided and hand painted coin All coins are serialized to show their unique nature. One side displays a deep 3D crafted design honoring the OIF campaign. The beautiful hand-painted Iraq Campaign Medal lies at the heart of the coin. The coin itself takes the shape
BITCONNECT COIN LAUNCHES NEW ANDROID MOBILE APP
One of the newest and hottest digital currencies on the market certainly needs to travel on the largest digital communication networks, so today Bitcoinnect Coin (BCC) announces the launch of their mobile Android app. This is the beginning of many user-friendly mobile features for BitConnect Coin owners, as an exciting cache of new BCC user features is coming to market in 2017. According to digital currency industry rating authority CoinMarketCap, BitConnect
Digital Coin Global Market Outlook 2016 - 2020
A Digital Coin is a form of electronic currency that uses cryptography to check the veracity of users that attempt to spend the currencies. Such currencies can be used to ensure the stability of national economies, corporations, and individual users. The cryptocurrency can be converted to any real currency, including dollars, euro, yuan, and rubble. Online transaction using Digital Coins is one of the fastest ways of sending or receiving
AAA welcomes New Rare Coin Fund
A new alternative investment fund, which focuses on rare coins, has been welcomed by AAA. Boston, MA, USA, January 24, 2012 -- A new alternative investment fund, which focuses on rare coins, has been welcomed by Alternative Asset Analysis, an alternative investment advocacy group. The fund is being launched by several rare coin enthusiasts, together with a wall street fund manager, who together have formed Certified Assets Management International (CAMI) in order