Forecast: Number of ATMs (Automated Teller Machines) in the UK

The number of ATMs in the UK per 100,000 persons demonstrated varying trends from 2013 to 2023. The ATM density peaked in 2015, with fluctuations observed thereafter, markedly declining from 2018 onwards. Notably, from 2018 to 2023, there was a significant decrease in ATM density, with yearly variations often indicating negative growth, the steepest being -10.39% in 2020. Although 2022 witnessed a brief recovery with a 6.41% year-on-year increase, the long-term trajectory remains downward, as indicated by the -2.78% CAGR from 2018 to 2023. In 2023, the number stood at 100.26 units per hundred thousand persons.

Forecasts predict a continued decline, projecting a CAGR of -1.77% over the next five years, leading to an 8.53% reduction by 2028.

Future trends to watch include the impact of digital banking adoption and evolving consumer preferences for cashless transactions. These factors are expected to further influence the demand and distribution of ATMs across the UK.