Banknote/Currency Sorter Market

Global Banknote/Currency Sorter Market Size, Trends & Analysis - Forecasts to 2027 By Product Type (Note Sorter & Counter, Coin Sorter & Counter, Currency Counterfeit Detector), By Sorter Machine Size (Small Size, Medium Size, Large Size), By End-User (Retailers, Banks & Financial Institutions, Casinos, Transport Authorities), By Region (North America, Asia Pacific, Central & South America, Europe, and the Middle East & Africa), End-User Landscape Analysis, Company Market Share Analysis, and Competitor Analysis

Category Trending Technology

Format

This report was recently updated on April 19 2024 with the latest and most recent market numbers

Global Banknote/Currency Sorter Market Size

The Global Banknote/Currency Sorter Market is projected to grow from USD 6.81 billion in 2022 to USD 10.21 billion at a CAGR value of 8.2% from 2022 to 2027.

The market is developing due to a mix of variables including increasing banknote circulation, the time cost of counting currency notes, and escalating losses due to counting errors, damaged notes, or fraudulent notes. Fraudulent and counterfeit notes are becoming a rampant issue for businesses and financial institutions. Complex security measures that are hard to distinguish with the help of the naked eye are expected to increase the demand for currency sorters.

The quantity of banknotes on the market has increased dramatically. If we take the example of the US dollar, the volume of currency in circulation has risen exponentially in the last few years. Between 2018 and 2020, the total volume of banknotes in circulation rose by almost 7 billion notes from 43.4 billion notes in 2018 to 50.3 billion notes in 2020.

Security is becoming increasingly important for retailers and banks. With an average processing speed of up to 1,200 notes per minute, the banknote counter provides dependable, continuous, and uninterrupted authentication of various currencies. This is expected to boost banknote/currency sorter market growth.

The free movement of currency in financial institutions, gambling, and other cash-based businesses is fueling the growth of the global banknote/currency sorter market. The continuous flow of currency in bulk from one business to the next is the key driver of market growth, resulting in increased demand for currency sorter machines. The presence of a high number of money sorter machine manufacturers, on the other hand, leads to market saturation, limiting the market's rapid expansion.

The market is restrained by the growing demand for digital transactions and an increasing number of such digital transaction options. Digital payment solutions are becoming increasingly convenient and are expected to hinder the growth of the banknote/currency sorter market. The growth of cash-only businesses and the increasing volume of currency notes being circulated through such businesses are expected to further enhance the growth of the market.

global banknote/currency sorter market

COVID-19 Impact on Global Banknote/Currency Sorter Market

The global COVID-19 pandemic resulted in rapid changes in the economy. Shutdowns and the need to restrict physical contact between people led to a growth in demand for digital and online services. The growth of the eCommerce industry during the pandemic has led to the rapid adoption of digital payment solutions. The convenience of such payment solutions has seen them become increasingly popular among retailers. The falling number of cash transactions is expected to further restrain the growth of the banknote/currency sorter market.

Ukraine-Russia War Impact on Banking Industry

The Ukraine-Russia war will have significant impacts on the BFSI sector. Sanctions against the operations of Russian financial institutions and the sanctions against trade with Russian organizations are expected to hamper the market. Sanctions against Russia are expected to increase the cost of semiconductor chips and hinder availability in the market. Changes in the supply chain are expected to hamper the manufacturing of banknote/currency sorters.

Global Banknote/Currency Sorter Market: By Product Type

The note sorter & counter segment is expected to be the largest banknote/currency sorter market segment based on the product type. The large number of cash transactions that occur through notes have contributed to the domination of the note sorter & counter segment. Currency notes are most commonly used to conduct transactions owing to their ease of storage and higher monetary value than coins. A large number of notes in circulation compared to coins in most countries has also contributed to the rapid growth of this segment.

The currency counterfeit detector segment is expected to be the fastest-growing segment in the market. The rising instance of counterfeit notes being used across the globe is expected to increase the adoption of counterfeit detectors in many cash-based businesses. The growing complexity in identifying counterfeit notes with the human eye is expected to increase the demand for such counterfeit currency detectors during the forecast period.

Global Banknote/Currency Sorter Market: By Sorter Machine Size

The medium size segment is expected to be the most prominent market segment based on the sorter machine size. A large number of currency notes can be handled with the help of medium-sized sorters and the large popularity of such sorters among the retail and BFSI industries has contributed to the dominance of the medium-size segment.

The large size segment is expected to be the second-largest segment in the banknote/currency sorter market, based on sorter machine size. The need for large multi-functional sorters among financial institutions has been the major growth contributor to the growth of the large size segment.

Global Banknote/Currency Sorter Market: By End-User

The BFSI segment is the largest market segment, based on the end-users. The large amount of cash currency and coins that are being handled by banks have led to the dominance of the BFSI segment in the banknote/currency sorter market. Banks are a vital part of maintaining currency circulation and have contributed to the domination of this segment.

The growing number of retailers opting for currency/banknote sorters to ensure consistent count and reduce human error in accounting are expected to result in the retailers segment becoming the fastest-growing segment, based on end-users. The growing demand for counterfeit detection sorters is also expected to contribute to the growth of the segment.

asia pacific banknote/currency sorter market

Global Banknote/Currency Sorter Market: By Region

North America (the United States, Canada, and Mexico) will dominate the banknote/currency sorter market from 2022 to 2027. Banks in this region are investing in upgrading their security features to counteract counterfeit currency. The large number of cash-based businesses in the region and the large amount of currency in circulation in the region have contributed to the dominance of the region.

The United States is expected to have the lion's share in the North American banknote/currency sorter market. This is attributed to the rising number of cash-based transactions for small purchases and other businesses in the country.

However, the Asia-Pacific region is expected to be the fastest-growing region in the banknote/currency sorter market during the forecast period. The rapid growth of the region is supported by the growing adoption of currency sorters by the BFSI sector in the region. The growing demand for banknote/currency sorters from the retail industry in the region is also expected to contribute to the growth of the region.

China is expected to hold the largest share in the Asia Pacific banknote/currency sorter market. The growing demand for currency counters to meet the growing amount of currency notes being put into circulation in the country and the growing need to combat counterfeit currency are the major factors of growth in the country.

Global Banknote/Currency Sorter Market Share and Competitor Analysis

Giesecke & Devrient, Glory Global Solutions, GRG Banking, Laurel Bank Machines Co. Ltd., De La Rue, Cummins-Allison, Goznak, Toshiba, Cash Processing Solutions, Semacon, Magner, Cassida Corporation, Crane Payment Innovations, Royal Sovereign, Guao Electronic, PT. Murni Solusindo Nusantara, ABANA Enterprises Group Co., PROCOIN GmbH, SPRINTQUIP PTY LTD, and Questex LLC., among others, are some of the key players in the banknote/currency sorter market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Research Methodology

1.1 Research Assumptions

1.2 Research Methodology

1.2.1 Estimates and Forecast Timeline

1.3 Information Procurement

1.3.1 Purchased Database

1.3.2 GME’s Internal Database

1.3.3 Primary Research

1.3.4 Secondary Sources & Third-Party Perspectives

1.3.4.1 Company Information Sources: Annual Reports, Investor Presentation, Press Release, SEC Filling, Company Blogs & Website

1.3.4.2 Secondary Data Sources: World Bank Group, IBEF, CISA, International Finance, International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA)

1.4 Information or Data Analysis

1.4.1 Data Analysis Models

1.5 Market Formulation & Data Visualization

1.6 Data Validation & Publishing

1.7 Market Model

1.7.1 Model Details

1.7.1.1 Top-Down Approach

1.7.1.2 Bottom-Up Approach

1.8 Market Segmentation & Scope

1.9 Market Definition

Chapter 2 Executive Summary

2.1. Global Market Outlook

2.2 Product Type Outlook

2.3 Sorter Machine Size Outlook

2.4 End-User Outlook

2.5 Regional Outlook

Chapter 3 Global Banknote/Currency Sorter Market Trend Analysis

3.1. Market Introduction

3.2 Penetration & Growth Prospect Mapping

3.3 Impact of COVID-19 on the Banknote/Currency Sorter Market

3.4 Metric Data on Cash Transactions

3.5 Market Driver Analysis

3.5.1 Market Driver Analysis

3.5.2 Market Restraint Analysis

3.5.3 Industry Challenges

3.5.4 Industry Opportunities

3.6 Porter’s Five Analysis

3.6.1 Supplier Power

3.6.2 Buyer Power

3.6.3 Substitution Threat

3.6.4 Threat from New Entrant

3.7 Market Entry Strategies

Chapter 4 Banknote/Currency Sorter Market: Product Type Trend Analysis

4.1 Product Type: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

4.2 Note Sorter & Counter

4.2.1 Market Estimates & Forecast Analysis of Note Sorter & Counter Segment, By Region, 2019-2027 (USD Billion)

4.3 Coin Sorter & Counter

4.3.1 Market Estimates & Forecast Analysis of Coin Sorter & Counter Segment, By Region, 2019-2027 (USD Billion)

4.4 Currency Counterfeit Detector

4.4.1 Market Estimates & Forecast Analysis of Currency Counterfeit Detector Segment, By Region, 2019-2027 (USD Billion)

Chapter 5 Banknote/Currency Sorter Market: Sorter Machine Size Trend Analysis

5.1 Sorter Machine Size: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

5.2 Small Size

5.2.1 Market Estimates & Forecast Analysis of Small Size Segment, By Region, 2019-2027 (USD Billion)

5.3 Medium Size

5.3.1 Market Estimates & Forecast Analysis of Medium Size Segment, By Region, 2019-2027 (USD Billion)

5.4 Large Size

5.4.1 Market Estimates & Forecast Analysis of Large Size Segment, By Region, 2019-2027 (USD Billion)

Chapter 6 Banknote/Currency Sorter Market: End-User Trend Analysis

6.1 End-User: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

6.2 Retailers

6.2.1 Market Estimates & Forecast Analysis of Retailers End-User Segment, By Region, 2019-2027 (USD Billion)

6.3 Banks & Financial Institutions

6.3.1 Market Estimates & Forecast Analysis of BANKING & FINANCIAL INSTITUTIONS End-User Segment, By Region, 2019-2027 (USD Billion)

6.4 Casinos

6.4.1 Market Estimates & Forecast Analysis of Casinos End-User Segment, By Region, 2019-2027 (USD Billion)

6.5 Transport Authorities

6.5.1 Market Estimates & Forecast Analysis of Transport Authorities End-User Segment, By Region, 2019-2027 (USD Billion)

6.6 Other End-Users

6.6.1 Market Estimates & Forecast Analysis of Other End-Users End-User Segment, By Region, 2019-2027 (USD Billion)

Chapter 7 Banknote/Currency Sorter Market, By Region

7.1 Regional Outlook

7.2 North America

7.2.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.2.2 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.2.3 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.2.4 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.2.5 U.S.

7.2.5.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.2.5.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.2.5.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.2.6 Canada

7.2.6.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.2.6.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.2.6.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.5.7 Mexico

7.5.5.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.5.5.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.5.5.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.3 Europe

7.3.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.3.2 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.3.3 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.3.4 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.3.5 Germany

7.3.5.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.3.5.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.3.5.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.3.6 UK

7.3.6.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.3.6.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.3.6.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.3.7 France

7.3.7.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.3.7.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.3.7.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.3.8 Russia

7.3.8.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.3.8.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.3.8.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.3.9 Italy

7.3.9.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.3.9.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.3.9.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.3.10 Spain

7.3.10.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.3.10.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.3.10.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.3.11 Rest of Europe

7.3.11.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.3.11.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.3.11.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.4 Asia Pacific

7.4.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.4.2 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.4.3 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.4.4 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.4.5 China

7.4.5.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.4.5.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.4.5.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.4.6 India

7.4.6.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.4.6.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.4.6.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.4.7 Japan

7.4.7.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.4.7.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.4.7.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.4.8 Australia

7.4.8.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.4.8.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.4.8.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.4.9 South Korea

7.4.9.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.4.9.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.4.9.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.3.10 Rest of Asia Pacific

7.3.10.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.3.10.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.3.10.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.5 Central & South America

7.5.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.5.2 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.5.3 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.5.4 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.5.5 Brazil

7.5.5.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.5.5.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.5.5.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.5.6 Rest of Central & South America

7.5.6.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.5.6.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.5.6.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.6 Middle East & Africa

7.6.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.6.2 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.6.3 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.6.4 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.6.5 Saudi Arabia

7.6.5.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.6.5.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.6.5.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.6.6 United Arab Emirates

7.6.6.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.6.6.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.6.6.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.6.7 South Africa

7.6.7.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.6.7.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.6.7.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

7.5.8 Rest of Middle East & Africa

7.5.8.1 Market Estimates & Forecast Analysis, By Product Type, 2019-2027 (USD Billion)

7.5.8.2 Market Estimates & Forecast Analysis, By Sorter Machine Size, 2019-2027 (USD Billion)

7.5.8.3 Market Estimates & Forecast Analysis, By End-User, 2019-2027 (USD Billion)

Chapter 8 Competitive Analysis

8.1 Key Global Players, Recent Developments & their Impact on the Industry

8.2 Four Quadrant Competitor Positioning Matrix

8.2.1 Key Innovators

8.2.2 Market Leaders

8.2.3 Emerging Players

8.2.4 Market Challengers

8.3 Vendor Landscape Analysis

8.4 End-User Landscape Analysis

8.5 Company Market Share Analysis, 2021

Chapter 9 Company Profile Analysis

9.1 Giesecke & Devrient

9.1.1 Company Overview

9.1.2 Financial Analysis

9.1.3 Strategic Initiatives

9.1.4 Product Benchmarking

9.2 Glory Global Solutions

9.2.1 Company Overview

9.2.2 Financial Analysis

9.2.3 Strategic Initiatives

9.2.4 Product Benchmarking

9.3 GRG Banking

9.3.1 Company Overview

9.3.2 Financial Analysis

9.3.3 Strategic Initiatives

9.3.4 Product Benchmarking

9.4 Laurel Bank Machines Co. Ltd.

9.4.1 Company Overview

9.4.2 Financial Analysis

9.4.3 Strategic Initiatives

9.4.4 Product Benchmarking

9.5 De La Rue

9.5.1 Company Overview

9.5.2 Financial Analysis

9.5.3 Strategic Initiatives

9.5.4 Product Benchmarking

9.6 Cummins-Allison

9.6.1 Company Overview

9.6.2 Financial Analysis

9.6.3 Strategic Initiatives

9.6.4 Product Benchmarking

9.7 Goznak

9.7.1 Company Overview

9.7.2 Financial Analysis

9.7.3 Strategic Initiatives

9.7.4 Product Benchmarking

9.8 Toshiba

9.8.1 Company Overview

9.8.2 Financial Analysis

9.8.3 Strategic Initiatives

9.8.4 Product Benchmarking

9.9 Cash Processing Solutions

9.9.1 Company Overview

9.9.2 Financial Analysis

9.9.3 Strategic Initiatives

9.9.4 Product Benchmarking

9.10 Other Companies

9.10.1 Company Overview

9.10.2 Financial Analysis

9.10.3 Strategic Initiatives

9.10.4 Product Benchmarking

List of Tables

1 Technological Advancements In Banknote/Currency Sorter Market

2 Global Banknote/Currency Sorter Market: Key Market Drivers

3 Global Banknote/Currency Sorter Market: Key Market Challenges

4 Global Banknote/Currency Sorter Market: Key Market Opportunities

5 Global Banknote/Currency Sorter Market: Key Market Restraints

6 Global Banknote/Currency Sorter Market Estimates & Forecast Analysis, 2019-2027 (USD Billion)

7 Global Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

8 Note Sorter & Counter: Global Banknote/Currency Sorter Market, By Region, 2019-2027 (USD Billion)

9 Coin Sorter & Counter: Global Banknote/Currency Sorter Market, By Region, 2019-2027 (USD Billion)

10 Currency Counterfeit Detector: Global Banknote/Currency Sorter Market, By Region, 2019-2027 (USD Billion)

11 Global Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

12 Small Size: Global Banknote/Currency Sorter Market, By Region, 2019-2027 (USD Billion)

13 Medium Size: Global Banknote/Currency Sorter Market, By Region, 2019-2027 (USD Billion)

14 Large Size: Global Banknote/Currency Sorter Market, By Region, 2019-2027 (USD Billion)

15 Global Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

16 Retailers: Global Banknote/Currency Sorter Market, By Region, 2019-2027 (USD Billion)

17 BANKING & FINANCIAL INSTITUTIONS: Global Banknote/Currency Sorter Market, By Region, 2019-2027 (USD Billion)

18 Casinos: Global Banknote/Currency Sorter Market, By Region, 2019-2027 (USD Billion)

19 Transport Authorities: Global Banknote/Currency Sorter Market, By Region, 2019-2027 (USD Billion)

20 Other End-Users: Global Banknote/Currency Sorter Market, By Region, 2019-2027 (USD Billion)

21 Regional Analysis: Global Banknote/Currency Sorter Market, By Region, 2019-2027 (USD Billion)

22 North America: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

23 North America: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

24 North America: Banknote/Currency Sorter Market, By End-User , 2019-2027 (USD Billion)

25 North America: Banknote/Currency Sorter Market, By Country, 2019-2027 (USD Billion)

26 U.S: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

27 U.S: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

28 U.S: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

29 Canada: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

30 Canada: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

31 Canada: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

32 Mexico: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

33 Mexico: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

34 Mexico: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

35 Europe: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

36 Europe: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

37 Europe: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

38 Europe: Banknote/Currency Sorter Market, By Country, 2019-2027 (USD Billion)

39 Germany: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

40 Germany: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

41 Germany: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

42 UK: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

43 UK: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

44 UK: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

45 France: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

46 France: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

47 France: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

48 Italy: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

49 Italy: Banknote/Currency Sorter Market, By T Sorter Machine Size Ype, 2019-2027 (USD Billion)

50 Italy: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

51 Spain: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

52 Spain: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

53 Spain: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

54 Rest Of Europe: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

55 Rest Of Europe: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

56 Rest Of Europe: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

57 Asia Pacific: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

58 Asia Pacific: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

59 Asia Pacific: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

60 Asia Pacific: Banknote/Currency Sorter Market, By Country, 2019-2027 (USD Billion)

61 China: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

62 China: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

63 China: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

64 India: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

65 India: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

66 India: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

67 Japan: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

68 Japan: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

69 Japan: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

70 South Korea: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

71 South Korea: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

72 South Korea: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

73 Middle East & Africa: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

74 Middle East & Africa: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

75 Middle East & Africa: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

76 Middle East & Africa: Banknote/Currency Sorter Market, By Country, 2019-2027 (USD Billion)

77 Saudi Arabia: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

78 Saudi Arabia: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

79 Saudi Arabia: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

80 UAE: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

81 UAE: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

82 UAE: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

83 Central & South America: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

84 Central & South America: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

85 Central & South America: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

86 Central & South America: Banknote/Currency Sorter Market, By Country, 2019-2027 (USD Billion)

87 Brazil: Banknote/Currency Sorter Market, By Product Type, 2019-2027 (USD Billion)

88 Brazil: Banknote/Currency Sorter Market, By Sorter Machine Size, 2019-2027 (USD Billion)

89 Brazil: Banknote/Currency Sorter Market, By End-User, 2019-2027 (USD Billion)

90 Giesecke & Devrient: Products Offered

91 Glory Global Solutions: Products Offered

92 GRG Banking: Products Offered

93 Laurel Bank Machines Co. Ltd.: Products Offered

94 De La Rue: Products Offered

95 Cummins-Allison: Products Offered

96 Goznak: Products Offered

97 Toshiba: Products Offered

98 Cash Processing Solutions: Products Offered

99 Other Companies: Products Offered

List of Figures

1. Global Banknote/Currency Sorter Market Segmentation & Research Scope

2. Primary Research Partners and Local Informers

3. Primary Research Process

4. Primary Research Approaches

5. Primary Research Responses

6. Global Banknote/Currency Sorter Market: Penetration & Growth Prospect Mapping

7. Global Banknote/Currency Sorter Market: Value Chain Analysis

8. Global Banknote/Currency Sorter Market Drivers

9. Global Banknote/Currency Sorter Market Restraints

10. Global Banknote/Currency Sorter Market Opportunities

11. Global Banknote/Currency Sorter Market Challenges

12. Key Banknote/Currency Sorter Market Manufacturer Analysis

13. Global Banknote/Currency Sorter Market: Porter’s Five Forces Analysis

14. PESTLE Analysis & Impact Analysis

15. Giesecke & Devrient: Company Snapshot

16. Giesecke & Devrient: Swot Analysis

17. Glory Global Solutions: Company Snapshot

18. Glory Global Solutions: Swot Analysis

19. GRG Banking: Company Snapshot

20. GRG Banking: Swot Analysis

21. Laurel Bank Machines Co. Ltd.: Company Snapshot

22. Laurel Bank Machines Co. Ltd.: Swot Analysis

23. De La Rue: Company Snapshot

24. De La Rue: Swot Analysis

25. Cummins-Allison: Company Snapshot

26. Cummins-Allison: Swot Analysis

27. Goznak: Company Snapshot

28. Goznak: Swot Analysis

29. Toshiba: Company Snapshot

30. Toshiba: Swot Analysis

31. Cash Processing Solutions: Company Snapshot

32. Cash Processing Solutions: Swot Analysis

33. Other Companies: Company Snapshot

34. Other Companies: Swot Analysis

The Global Banknote/Currency Sorter Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Banknote/Currency Sorter Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global banknote/currency sorter market?

The global banknote/currency sorter market is projected to grow from USD 6.81 billion in 2022 to USD 10.21 billion at a CAGR value of 8.2% from 2022 to 2027.

Who are the major vendors in the banknote/currency sorter market?

Giesecke & Devrient, Glory Global Solutions, GRG Banking, Laurel Bank Machines Co. Ltd., De La Rue, Cummins-Allison, Goznak, Toshiba, Cash Processing Solutions, Semacon, Magner, Cassida Corporation, Crane Payment Innovations, Royal Sovereign, Guao Electronic, PT. Murni Solusindo Nusantara, ABANA Enterprises Group Co., PROCOIN GmbH, SPRINTQUIP PTY LTD, and Questex LLC., among others, are the key players in the banknote/currency sorter market.

What is the Covid-19 impact on future banknote/currency sorter providers?

The pandemic has resulted in the rapid adoption of digital payment solutions among many vendors. The demand for cash transactions is falling as people are increasingly turning to eCommerce websites and cashless transactions owing to their greater security.

What are the major drivers in the banknote/currency sorter market?

The growing demand for reducing human error, reduce time spent on counting cash, the large number of cash transactions, and the growing among of currency notes in circulation are the major drivers of the banknote/currency market.

What is the impact of the Ukraine-Russia war on the banking sector?