Currency counting machine market Size to increase by USD 625.77 million: APAC to account for 38% market growth - Technavio

NEW YORK, Dec. 2, 2022 /PRNewswire/ --The Currency Counting Machine Market by End-user, Type, and Geography - Forecast and Analysis 2023-2027 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 14.61% and register an incremental growth of USD 625.77 million during the forecast period. The report provides a comprehensive analysis on growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download A Free PDF Sample Report

Regional Analysis

By region, the global currency counting machine market is segmented into APAC, North America, Europe, the Middle East and Africa, and South America. APAC is estimated to contribute 38% to the growth of the global market over the forecast period. The growth of the end-user industries such as the BFSI and retail and the increasing number of banks are driving the growth of the regional market.

Company Profiles

The currency counting machine market report includes information on the key products and recent developments of leading vendors, including:

• Aditya Systems
• Billcon Corp.: The company offers currency counting machines such as Currency counter DL 2000 with hopper quality of up to 500 notes and stacker capacity of up to 200.
• CDM USA Inc.: The company offers currency counting machine namely CDM 1700 currency counter with 1,900 notes per minute and features touch-sensitive controls, automatic and manual start, user-adjustable batch stops and a grand total accumulation of all notes counted.
• Crane Payment Innovations Inc.: The company offers currency counting machines such as JetCount currency counter model 4020, model 4021, and model 4022.
• Dolphin Automation: The company offers currency counting machines namely Value counting machine, Value note counting machine, Cash counting machine, and Currency counting machine.
• Guangzhou SmartTec Co. Ltd.
• Halma Plc
• Hilton Trading Corp.
• Julong Co. Ltd.
• To gain access to more vendor profiles available with Technavio, buy the report!

Market Dynamics

The market is driven by factors such as the increase in counterfeit currency, the rising number of bank branches in developing economies, and the counting accuracy offered by currency counting machines. However, the increased number of card transactions is hindering the market growth.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample

Market Segmentation

• By end-user, the market is segmented into BFSI, retail, and commercial. The BFSI segment accounted for the largest share of the market in 2022.
• By geography, the market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. APAC held the largest share of the market in 2022.

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What are the key data covered in this currency counting machine market report?

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will drive the growth of the currency counting machine market between 2023 and 2027
• Precise estimation of the size of the currency counting machine market and its contribution to the parent market.
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the currency counting machine market industry across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive details of factors that will challenge the growth of currency counting machine market vendors

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global currency counting machine market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global currency counting machine market 2017 - 2021 ($ million)

• 4.2 Geography Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Range Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Range Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 BFSI - Market size and forecast 2022-2027
• Exhibit 34: Chart on BFSI - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on BFSI - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on BFSI - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on BFSI - Year-over-year growth 2022-2027 (%)

• 6.4 Retail - Market size and forecast 2022-2027
• Exhibit 38: Chart on Retail - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Retail - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Retail - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Retail - Year-over-year growth 2022-2027 (%)

• 6.5 Commercial - Market size and forecast 2022-2027
• Exhibit 42: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 47: Chart on Type - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 49: Chart on Comparison by Type
• Exhibit 50: Data Table on Comparison by Type

• 7.3 Basic note counter - Market size and forecast 2022-2027
• Exhibit 51: Chart on Basic note counter - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Basic note counter - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Basic note counter - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Basic note counter - Year-over-year growth 2022-2027 (%)

• 7.4 Hi-speed heavy duty cash counting - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Hi-speed heavy duty cash counting - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Hi-speed heavy duty cash counting - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Hi-speed heavy duty cash counting - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Hi-speed heavy duty cash counting - Year-over-year growth 2022-2027 (%)

• 7.5 Intelligent counting cum counterfeit detection machines - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Intelligent counting cum counterfeit detection machines - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Intelligent counting cum counterfeit detection machines - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Intelligent counting cum counterfeit detection machines - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Intelligent counting cum counterfeit detection machines - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 63: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 India - Market size and forecast 2022-2027
• Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.14 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Arihant Maxsell Technologies Pvt. Ltd.
• Exhibit 120: Arihant Maxsell Technologies Pvt. Ltd. - Overview
• Exhibit 121: Arihant Maxsell Technologies Pvt. Ltd. - Product / Service
• Exhibit 122: Arihant Maxsell Technologies Pvt. Ltd. - Key offerings

• 12.4 Billcon Corp. 
• Exhibit 123: Billcon Corp. - Overview
• Exhibit 124: Billcon Corp. - Product / Service
• Exhibit 125: Billcon Corp. - Key offerings

• 12.5 CDM USA Inc. 
• Exhibit 126: CDM USA Inc. - Overview
• Exhibit 127: CDM USA Inc. - Product / Service
• Exhibit 128: CDM USA Inc. - Key offerings

• 12.6 Crane Payment Innovations Inc. 
• Exhibit 129: Crane Payment Innovations Inc. - Overview
• Exhibit 130: Crane Payment Innovations Inc. - Product / Service
• Exhibit 131: Crane Payment Innovations Inc. - Key offerings

• 12.7 Dolphin Automation 
• Exhibit 132: Dolphin Automation - Overview
• Exhibit 133: Dolphin Automation - Product / Service
• Exhibit 134: Dolphin Automation - Key offerings

• 12.8 Giesecke and Devrient GmbH 
• Exhibit 135: Giesecke and Devrient GmbH - Overview
• Exhibit 136: Giesecke and Devrient GmbH - Business segments
• Exhibit 137: Giesecke and Devrient GmbH - Key offerings
• Exhibit 138: Giesecke and Devrient GmbH - Segment focus

• 12.9 Glory Ltd. 
• Exhibit 139: Glory Ltd. - Overview
• Exhibit 140: Glory Ltd. - Business segments
• Exhibit 141: Glory Ltd. - Key offerings
• Exhibit 142: Glory Ltd. - Segment focus

• 12.10 Godrej and Boyce Manufacturing Co. Ltd.
• Exhibit 143: Godrej and Boyce Manufacturing Co. Ltd. - Overview
• Exhibit 144: Godrej and Boyce Manufacturing Co. Ltd. - Business segments
• Exhibit 145: Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
• Exhibit 146: Godrej and Boyce Manufacturing Co. Ltd. - Segment focus

• 12.11 GRG Banking 
• Exhibit 147: GRG Banking - Overview
• Exhibit 148: GRG Banking - Product / Service
• Exhibit 149: GRG Banking - Key offerings

• 12.12 Guangdong Baijia Baiter Co. Ltd. 
• Exhibit 150: Guangdong Baijia Baiter Co. Ltd. - Overview
• Exhibit 151: Guangdong Baijia Baiter Co. Ltd. - Product / Service
• Exhibit 152: Guangdong Baijia Baiter Co. Ltd. - Key offerings

• 12.13 Guangzhou SmartTec Co. Ltd. 
• Exhibit 153: Guangzhou SmartTec Co. Ltd. - Overview
• Exhibit 154: Guangzhou SmartTec Co. Ltd. - Product / Service
• Exhibit 155: Guangzhou SmartTec Co. Ltd. - Key offerings

• 12.14 Hilton Trading Corp. 
• Exhibit 156: Hilton Trading Corp. - Overview
• Exhibit 157: Hilton Trading Corp. - Product / Service
• Exhibit 158: Hilton Trading Corp. - Key offerings

• 12.15 Julong Co. Ltd. 
• Exhibit 159: Julong Co. Ltd. - Overview
• Exhibit 160: Julong Co. Ltd. - Product / Service
• Exhibit 161: Julong Co. Ltd. - Key offerings

• 12.16 Kisan Electronics Co. Ltd. 
• Exhibit 162: Kisan Electronics Co. Ltd. - Overview
• Exhibit 163: Kisan Electronics Co. Ltd. - Product / Service
• Exhibit 164: Kisan Electronics Co. Ltd. - Key offerings

• 12.17 Laurel Bank Machines Co. Ltd. 
• Exhibit 165: Laurel Bank Machines Co. Ltd. - Overview
• Exhibit 166: Laurel Bank Machines Co. Ltd. - Product / Service
• Exhibit 167: Laurel Bank Machines Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 168: Inclusions checklist
• Exhibit 169: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 170: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 171: Research methodology
• Exhibit 172: Validation techniques employed for market sizing
• Exhibit 173: Information sources

• 13.5 List of abbreviations 
• Exhibit 174: List of abbreviations

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SOURCE Technavio