Forecast: Number of ATMs (Automated Teller Machines) in China

The number of ATMs in China has exhibited fluctuating growth over the past decade. From 2013 to 2015, there was significant growth, peaking in 2015 with a 40% increase in ATMs per hundred thousand persons. However, post-2016 saw a downward trend, with notable declines in 2019 (-1.61%), 2020 (-7.96%), and 2021 (-6.73%). In 2022 and 2023, the trend slightly reversed, with moderate increases of 3.93% and 3.59%, respectively. As of 2023, the ATM density stood at 87.68 per hundred thousand persons. The forecasted data for 2024-2028 suggest a compound annual growth rate (CAGR) of 2.17%, leading to a projected value of 100.81 by 2028.

Future Trends to Watch for:

- Increasing digital banking services and mobile payment adoption may continue to influence the demand for physical ATMs.

- Possible integration of advanced and multifunctional ATMs to cater to a wide range of banking needs could affect future growth rates.

- Regulatory changes and economic shifts will be crucial in shaping the trajectory of ATM distribution in the coming years.