1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Payments Market Trends

Research and Development Prospect of China’s ATM (Automatic Teller Machine) Industry, 2013-2017

  • May 2013
  • 62 pages
  • Huidian Research
Report ID: 1187426

Summary

Table of Contents

Search Inside

At present, China is the world’s second largest ATM market; however, according to China’s official total population number of 1.354 billion in China in 2012, the ATM ownership was only 307 sets per million people; this number was higher than 265 sets per million people in 2011, and the level is close to the global level of 346 sets per million people; but there was still a relatively large gap compared with 786 sets per million people in Western European countries and 1,376 sets per million people in the United States.

According to the purchase statistics of the major banks, in 2012, the major state-owned commercial banks, joint-stock banks, postal savings, city commercial banks, rural commercial banks and other financial institutions have purchased about 100,700 sets of ATM equipments, increased by about 25,900 sets compared with 74,800 sets in 2011, and the growth rate was 34.75%. The five major state-owned commercial banks, Industrial and Commercial Bank, Agricultural Bank, Bank of China, Construction Bank and Bank of Communications, are still the key purchasers with the procurement volume of about 64,500 sets, accounting for 63.98% of the total volume in China. Of which, Agricultural Bank is the largest purchaser with the procurement volume of about 25,000 sets, accounting for about 24.84% (nearly 8 percentage points higher than 2011).

In recent years, the financial self-service equipment has developed from single teller machine, single deposit machine to cash recycling system (CRS), and also achieved cash cycle, which is an important progress in the ATM development history. In recent years, the procurement volume of CRSs in domestic banks has been increasing. According to the procurement data of major banks in 2012, the purchased number of CRSs was about 60,800 sets, accounting for 60.38% of the total equipment procurement volume; this number was increased slightly compared with 47.31% in 2011. This situation indicates that the CRSs have firmly occupied the mainstream position.

Currently, the main ATM suppliers in China’s market are GRGBanking, Hitachi, Yihua, Diebold, NCR, OKI, Eastcom and Wincor Nixdorf. According to the sales ranking in 2012, the top five manufacturers are GRGBanking, Hitachi, Yihua, Diebold and NCR.

In 2012, GRGBanking ranked first place for five consecutive years with the annual sales volume of 20,170 sets, increased by 2,670 sets in 2011, accounting for about 20.01%. Hitachi ranked second with the sales volume of 19,100 sets, increased by 5,100 over 2011, accounting for 18.95%. Yihua ranked third with the sales volume of 14,200, increased by 7,000 over last year, accounting for 14.09%.

In China, the ATM distribution density is significantly uneven in different regions, the demand for cash transaction is huge, and the banks make more efforts to strengthen the self-service business; China’s ATM market will usher in a huge potential affected by these factors. It is estimated that this industry will continue to maintain double-digit growth in the next three to five years, and China’s ATM newly install capacity will account for more than a half of the global volume.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

The 2018-2023 World Outlook for Card Payment and ATM Transactions

  • $ 995
  • Industry report
  • April 2017
  • by ICON Group

This study covers the world outlook for card payment and ATM transactions across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings ...

The 2018-2023 World Outlook for Automatic Teller Machines (ATM)

  • $ 995
  • Industry report
  • April 2017
  • by ICON Group

This study covers the world outlook for automatic teller machines (ATM) across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings ...

2017 U.S. Point-of-sale terminals, ATMs and similar machines sold through Appliance, television, and other electronics stores-Product & Retail report

  • $ 199
  • Industry report
  • May 2017
  • by Barnes Reports

The 2017 U.S. Point-of-sale terminals, ATMs and similar machines sold through Appliance, television, and other electronics stores-Product & Retail report, published annually by Barnes Reports, contains ...


ref:plp2013

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.