PUBLISHER: IMARC | PRODUCT CODE: 1390685
PUBLISHER: IMARC | PRODUCT CODE: 1390685
Note Sorter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
The global note sorter market size reached US$ 6.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8.83% during 2022-2028.
A note sorter is a machine that optimizes the cash management process by effectively sorting and bundling banknotes. It is convenient and provides increased productivity, efficiency, and security. It is widely utilized in organizations that handle a large deposit of money, such as banks, casinos, theme parks, self-service kiosks, and transit services. Nowadays, several manufacturers are offering an upgraded, intelligent, and reliable note sorter, which is integrated with optical inspection and image processing technology to identify fake denominations.
Note Sorter Market Trends:
Manual cash processing is usually ineffective and time-intensive and involves a high risk of error. As a result, organizations from different industry verticals are adopting note sorters for smooth, efficient, and continuous processing of large volumes of banknotes. In addition, it helps in reducing operational expenses, minimizing the risk of internal theft, and declining financial losses. This, along with the considerable need for hassle-free handling of huge cash deposits, is positively influencing the utilization of note sorters in the banking, financial services, and insurance (BFSI) sectors. Apart from this, the emerging trend of theme amusement parks is also contributing to market growth. In addition, the growing popularity of casinos and other gambling games is catalyzing the demand for note sorters for keeping track of the sales. Furthermore, the increasing focus of leading players on mergers and acquisitions (M&A) is creating a positive outlook for the market. For instance, Crane Payment Innovations (CPI), Inc., a Crane Co. subsidiary and global leader in banknote and coin validation, acquired Cummins Allison, which is a leading provider of coin, currency, and check handling solutions to lead innovations in existing products and services.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global note sorter market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on sorter type, enterprise size and end user.
Breakup by Sorter Type:
Small Size Note Sorter
Medium Size Note Sorter
Large Size Note Sorter
Breakup by Enterprise Size:
Large Enterprises
Small and Medium Enterprises
Breakup by End User:
BFSI
Retail
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BCASH Electronics Co. Limited, Cummins Allison Corp. (Crane Payment Innovations Inc.), De La Rue plc, Giesecke+Devrient GmbH, Glory Ltd., GRG Banking, Julong Co., Ltd., Kisan Electronics, Laurel Bank Machines Co. Ltd., and Toshiba Corporation.
Key Questions Answered in This Report
- 1. What was the size of the global note sorter market in 2022?
- 2. What is the expected growth rate of the global note sorter market during 2023-2028?
- 3. What has been the impact of COVID-19 on the global note sorter market?
- 4. What are the key factors driving the global note sorter market?
- 5. What is the breakup of the global note sorter market based on the sorter type?
- 6. What is the breakup of the global note sorter market based on the enterprise size?
- 7. What is the breakup of the global note sorter market based on the end user?
- 8. What are the key regions in the global note sorter market?
- 9. Who are the key players/companies in the global note sorter market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Note Sorter Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Sorter Type
- 6.1 Small Size Note Sorter
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Medium Size Note Sorter
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Large Size Note Sorter
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Enterprise Size
- 7.1 Large Enterprises
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Small and Medium Enterprises
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End User
- 8.1 BFSI
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Retail
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 BCASH Electronics Co. Limited
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Cummins Allison Corp. (Crane Payment Innovations Inc.)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 De La Rue plc
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Giesecke+Devrient GmbH
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Glory Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 GRG Banking
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Julong Co., Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Kisan Electronics
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Laurel Bank Machines Co. Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Toshiba Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.1 BCASH Electronics Co. Limited
List of Figures
- Figure 1: Global: Note Sorter Market: Major Drivers and Challenges
- Figure 2: Global: Note Sorter Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Note Sorter Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Note Sorter Market: Breakup by Sorter Type (in %), 2022
- Figure 5: Global: Note Sorter Market: Breakup by Enterprise Size (in %), 2022
- Figure 6: Global: Note Sorter Market: Breakup by End User (in %), 2022
- Figure 7: Global: Note Sorter Market: Breakup by Region (in %), 2022
- Figure 8: Global: Note Sorter (Small Size Note Sorter) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Note Sorter (Small Size Note Sorter) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Note Sorter (Medium Size Note Sorter) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Note Sorter (Medium Size Note Sorter) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Note Sorter (Large Size Note Sorter) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Note Sorter (Large Size Note Sorter) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Note Sorter (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Note Sorter (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Note Sorter (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Note Sorter (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Note Sorter (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Note Sorter (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Note Sorter (Retail) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Note Sorter (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Note Sorter (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Note Sorter (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: North America: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: North America: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: United States: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: United States: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Canada: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Canada: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Asia-Pacific: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Asia-Pacific: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: China: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: China: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Japan: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Japan: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: India: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: India: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: South Korea: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: South Korea: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Australia: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Australia: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Indonesia: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Indonesia: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Others: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Others: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Europe: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Europe: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Germany: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Germany: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: France: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: France: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: United Kingdom: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: United Kingdom: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Italy: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Italy: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Spain: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Spain: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Russia: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Russia: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Others: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Others: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Latin America: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Latin America: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Brazil: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Brazil: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Mexico: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Mexico: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Middle East and Africa: Note Sorter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Middle East and Africa: Note Sorter Market: Breakup by Country (in %), 2022
- Figure 72: Middle East and Africa: Note Sorter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Global: Note Sorter Industry: SWOT Analysis
- Figure 74: Global: Note Sorter Industry: Value Chain Analysis
- Figure 75: Global: Note Sorter Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Note Sorter Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Note Sorter Market Forecast: Breakup by Sorter Type (in Million US$), 2023-2028
- Table 3: Global: Note Sorter Market Forecast: Breakup by Enterprise Size (in Million US$), 2023-2028
- Table 4: Global: Note Sorter Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Note Sorter Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Note Sorter Market: Competitive Structure
- Table 7: Global: Note Sorter Market: Key Players
