Sorting Cash Machine Market Growth Accelerates: Strategic Forecast Predicts $2.12 Billion by 2029

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What Will the Sorting Cash Machine Industry Market Size Be by 2025?
The market size of the sorting cash machine has consistently expanded over the past few years. The market is expected to rise from $1.66 billion in 2024 to $1.72 billion in 2025, registering a compound annual growth rate (CAGR) of 3.2%. The progression during the historical period is due to heightened demand for self-serving machines, effectiveness in handling cash, adherence to regulations, a surge in cashless transactions, and the uptake of versatile ATMs.

What's the Long-Term Growth Forecast for the Sorting Cash Machine Market Size Through 2029?
Expectations are high for the sorting cash machine market, with robust growth projected in the coming years. The market is estimated to reach $2.12 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.5%. Factors contributing to this growth during the forecast period include the increasing acceptance of these machines in the retail banking sector of developing economies, broader adoption of smart machines worldwide, the rise of contactless and digital payments, advances in data analytics and reporting, and a boost in cash recycling. Other noteworthy trends slated for the forecast period include enhancements in security measures, technological advancements like mobile banking and contactless payments, the advent of multifunctional machines, enhanced connectivity, and automation of cash management.

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What Are the Key Growth Drivers Fueling the Sorting Cash Machine Market Expansion?
The anticipated rise in the number of supermarkets and grocery stores is poised to spur the growth of the sorting cash machine market in the future. These large outlets selling various groceries and other domestic supplies, handle substantial and small amounts of cash that need sorting cash machines for counting bills, providing precise data, and stacking them appropriately. For example, a September 2022 report from Reliance Retail, an Indian-based retail outlet, projected that more than 3,300 new stores would open in 2023. Hence, this proliferation of supermarkets and grocery stores is fuelling the expansion of the sorting cash machine market moving forward.

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What Are the Key Trends Driving Sorting Cash Machine Market Growth?
The sorting cash machine market is seeing an increase in the trend of technological innovations. Major market players are prioritizing the development of advanced products to maintain their standing. For example, in July 2022, Volumatic, a UK firm offering smart cash management solutions, unveiled their CountEasy 2. This system, designed to eliminate discrepancies in cash reconciliation for businesses in the retail, leisure, and banking sectors, guarantees completely accurate cash counts. It is capable of correctly counting both bills and coins in under a minute, resulting in time and cost savings for businesses.

How Is the Sorting Cash Machine Market Segmented?
The sorting cash machinemarket covered in this report is segmented -

1) By Type: Notes Sorter, Coins Sorter
2) By Enterprise Size: Large Enterprises, Small and Medium Sized Enterprise
3) By Application: Bank, Supermarket, Hospital, Other Applications

Subsegments:
1) By Notes Sorter: Currency Discrimination Note Sorters, Mixed Denomination Note Sorters, Fitness Sorting Note Machines
2) By Coins Sorter: Manual Coin Sorters, Automatic Coin Sorters, Mixed Coin Sorters

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Which Companies Are Leading the Charge in Sorting Cash Machine Market Innovation?
Major companies operating in the sorting cash machine market include Bcash Electronics Co., Cummins Allison, De La Rue plc, Giesecke+Devrient GmbH, Glory Global Solutions (International) Limited, GRGBanking, Julong Europe GmbH, Kisan Electronic, Laurel Bank Machines Co.Ltd, Toshiba Infrastructure Systems and Solutions Corporation, Xinda Electronic Equipment Ltd., Guao Electronic, Aditya Systems, Eromart, Cash Processing Solutions., Innovative Technology Ltd., Cassida Corporation, Accubanker, Billcon Corporation, CIMA Cash Handling America Inc., De La Rue plc, Magner Corporation, Ribao Technology, Semacon Business Machines Inc., Suzhou RIBAO Technology Co. Ltd., Talaris, Tellermate, Tidel Engineering LP, Volumatic, Zhejiang Chuan Wei Intelligent Technology Co. Ltd.

Which Regions Are Leading the Global Sorting Cash Machine Market in Revenue?
Asia-Pacific was the largest region in the sorting cash machine market in 2024. The regions covered in the sorting cash machine market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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