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Coin Sorter Market by Type : Global Opportunity Analysis and Industry Forecast, 2021–2030

Coin Sorter Market by Type : Global Opportunity Analysis and Industry Forecast, 2021–2030

  • February 2022
  • 145 pages
  • ID: 6269729
  • Format: PDF
  • Allied Market Research

Summary

Table of Contents

Coin Sorter Market by Type (Small Size Coin Sorter, Medium Size Coin Sorter, and Large Size Coin Sorter): Global Opportunity Analysis and Industry Forecast, 2021–2030


A coin sorter is a device that sorts a random collection of coins into separate bins or tubes for various denominations. Coin sorters are typically specific to the currency of certain countries due to different currencies often issuing similarly sized coins of different value. Coin sorting is a time-consuming operation that diverts employees’ attention away from other vital revenue-generating procedures. Furthermore, the human error element is predicted to create losses to the organization throughout this procedure, which can be decreased and overcome by the employment of coin sorting machines. As a result, end users have been pushed to use coin sorting machines that have been optimized for increased efficiency and performance.
Coin sorting machines offer varied benefits to end users that include decreased operational expenses, reduced errors in sorting and counting, reduced risk of internal theft occurring during the process of counting and sorting, decline in financial losses, faster processing of bank procedures, and others. Further, increase in growth associated with highly cash-intensive environments, such as retail industry, commercial banks, public sector outlets, casinos, amusement parks, venting businesses, car wash businesses, self-service kiosks, small size stores, and others among developing economies, is expected to fuel the demand for these machines during the forecast period. However, increase in penetration of digital transaction and virtual currency is expected to hamper the coin sorter market growth. On the contrary, the rise in demand from cash-intensive countries is expected to provide major lucrative opportunities for the growth of the market in upcoming years.
The coin sorter market is segmented based on type and region. On the basis of type, the market is divided into small size coin sorter, medium size coin sorter, and large size coin sorter. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the coin sorter market are Giesecke & Devrient, Glory Global Solutions Limited, Laurel, De La Rue Plc Baija Baiter, Royal Sovereign, Cummins Allison, Suzhou Ribao Technology Co., Ltd., BCash, and CT Coin. These players have adopted various strategies to increase their market penetration and strengthen their position in the coin sorter market analysis.

Key Benefits for Stakeholders
• The study provides in-depth analysis of the coin sorter market share along with the current trends and future estimations to illustrate the imminent investment pockets.
• Information about key drivers, restrains, & opportunities and their impact analysis on the coin sorter market size are provided in the report.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the coin sorter industry.
• The quantitative analysis of the coin sorter market trends from 2021 to 2030 is provided to determine the market potential.

Key Market Segments

By Type
• Small Size Coin Sorter
• Medium Size Coin Sorter
• Large Size Coin Sorter

By Region
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa

Key Market Players
• Giesecke & Devrient
• Glory Global Solutions Limited
• Laurel
• De La Rue Plc
• Baija Baiter
• Royal Sovereign
• Cummins Allison
• Suzhou Ribao Technology Co., Ltd.
• BCash
• CT Coin

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