The report forecasts the global ATM slide rails market to grow at a CAGR of 16% during the period 2016-2020.
Improvement in manufacturing process will be a key trend for market growth. For the longevity of the slide rails, it is important that the components used for the manufacturing of the slide rails have a long life. Since the slide rails operation requires frequent to and fro motion, the longevity or durability of the slide rail products is measured in terms of the cycles the slide rail is expanded or closed. This expansion or closure process in slide rails is possible because of use of steel ball bearings.
Vendors understand the importance of using high-quality steel ball bearings for the extended life of the end product. Therefore, firms such as Accuride, which have in-house steel ball bearing manufacturing facility, use the electroplating process to enable surface coating of the ball bearing. The electroplating process provides a slide rail ball bearing with superior resistance to corrosion and thereby helps improve the overall life of the slide rail.
According to the report, the major driver for the ATM slide rails is the increase in demand for ATMs as an alternative to a bank branch. As the banking industry is growing and there is an increase in demand to address the growing banking-related services and queries, ATMs provide an alternative for such branches. ATMs are a fast way to avail banking facilities and services beyond the normal working hours of a bank. Due to this ATMs are kept inside the bank, off the branch, and at specific locations where there is no requirement for a new branch, and ATM is sufficient to cater to the needs of end-users.
Further, the report states that ATM slide rails are a major component of the cash dispenser unit (CDU) and an important part of the ATM. The challenges faced by the ATM market thus directly affect the market for slide rails. ATMs help the bank reduce the count of people to a branch by automating the cash dispensing and cash recycling, yet there are a number of factors that affect the wide adoption of the ATM machines.
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Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by sliding property
PART 08: Market segmentation by material
PART 09: Geographical segmentation
PART 10: Key leading countries
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Key vendor analysis
For more information about this report visit http://www.researchandmarkets.com/research/rlwd6d/global_atm_slide
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-atm-slide-rails-market-to-grow-16-by-2020---increase-in-demand-for-atms-as-an-alternative-to-a-bank-branch---research-and-markets-300348579.html
SOURCE Research and Markets