Forecast: Number of ATMs (Automated Teller Machines) in New Zealand

The number of ATMs per hundred thousand persons in New Zealand has shown a consistent decline from 2013 to 2023, with the exception of a notable increase in 2022. From 72.38 units in 2013 to 61.37 units in 2023, the market has experienced a year-on-year variation that peaked at a 13.9% decline in 2020, followed by a 12.01% increase in 2022. The average variation per year (CAGR) over the past five years has generally been negative, standing at -0.95% in 2023. The forecasted data indicate a continued decline at an average annual rate (forecast 5-year CAGR) of -0.45%, suggesting a deceleration in the reduction rate of ATMs per hundred thousand persons by 2028.

Future trends to watch for include the impact of digital banking and fintech innovations, which may further reduce the reliance on traditional ATMs. Additionally, the adoption of cashless transactions is expected to accelerate, potentially leading to a more pronounced decline in the number of ATMs. Watch for advancements in secure mobile payment technologies and regulatory changes that influence banking infrastructure.