Press release
Global Coin Sorter Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Coin Sorter
What Is the Coin Sorter Market Size and Projected Growth Rate?
The coin sorter market has seen steady growth in recent years. It will grow from $4.21 billion in 2024 to $4.55 billion in 2025, at a CAGR of 8.1%. The growth is driven by urbanization, the expansion of the banking sector, a demand for automation, increased cash volume in casinos, and the growing number of self-service machines.
The coin sorter market is expected to reach $6.18 billion by 2029 with a CAGR of 8.0%. This growth is due to the rise of e-commerce, awareness of cash management, and government support for cash transactions. Notable trends include AI integration, advanced sensor technology, and IoT connectivity.
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What Are the Major Segments in the Coin Sorter Market?
The coin sorter market covered in this report is segmented -
1) By Type: Large Size Coin Sorters, Medium Size Coin Sorters, Small Size Coin Sorters
2) By Display Type: Light Emitting Diode (LED) Display Coin Sorter, Liquid Crystal Display (LCD) Display Coin Sorter
3) By Capacity: Coin Bin Capacity, Hopper Capacity
4) By Application: Bank, Retailing, Other Applications
Subsegments:
1) By Large Size Coin Sorters: High Capacity Coin Sorters, Industrial Coin Sorters
2) By Medium Size Coin Sorters: Compact Coin Sorters, Commercial Coin Sorters
3) By Small Size Coin Sorters: Desktop Coin Sorters, Personal Coin Sorters
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What Are The Driving Coin Sorter Market Evolution?
The increasing use of cash transactions is expected to drive the coin sorter market. Cash transactions, where payments are made in physical currency, are on the rise, particularly in markets where digital payments are less trusted or accessible. Coin sorters simplify these transactions by efficiently counting and organizing coins. For instance, UK Finance reported an increase in cash payments in the UK in 2022, underscoring the demand for coin sorters in financial operations.
Which Firms Dominate The Coin Sorter Market Segments?
Major companies operating in the coin sorter market are Giesecke+Devrient GmbH, Glory Global Solutions Limited, Crane Payment Innovations, Royal Sovereign Inc., De La Rue Plc, Cummins Allison, Laurel Group, Guangdong Baijia Baiter Co. Ltd., Julong Co. Ltd., Safescan BV, Namibind Inc., Arihant Maxsell Technologies Pvt Ltd, CT Coin Inc., GRG Banking, KLOPP Coin Inc., Nadex Coins, Semacon Business Machines Inc., Smars Inc., Suzhou Ribao Technology Co Ltd., SUZOHAPP Inc., Teachers Choice, Bkash Inc.
What Trends Are Driving Growth in The Coin Sorter Market?
Companies in the coin sorter market are focused on creating advanced products, such as sensor-integrated coin sorters, to improve accuracy and efficiency. For instance, in February 2023, REDWAVE Inc., an Austria-based manufacturer, launched the EDWAVE CX coin sorter. This sensor-based system uses advanced sensors to accurately identify and sort different types of metal, making it ideal for industrial applications.
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Which Is The Largest Region In The Coin Sorter Market?
North America was the largest region in the coin sorter market in 2024. The regions covered in the coin sorter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Coin Sorter Market?
2. What is the CAGR expected in the Coin Sorter Market?
3. What Are the Key Innovations Transforming the Coin Sorter Industry?
4. Which Region Is Leading the Coin Sorter Market?
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