Global Banknote Sorter Market 2018-2023

Global banknote sorter market is expected to grow at a significant CAGR of 8.19% by 2023 as the scope and its applications are rising enormously across the globe. Banknote sorter is also termed as “cash sorter”. It is a machine that optimizes cash management process by efficiently bundling and sorting according to denomination. 

The factors that are playing a major role in the growth of banknote sorter market are the rising demand from the business sector for processing huge volume of cash on a daily basis, rising use of automatic cash management technology across the globe, and reduction in time for cash management. However, the presence of alternatives may restrain overall market growth in the years to come. Banknote sorter market is segmented based on type, product type, application, and region.

Orientation, denomination, and fitness are the sorting types that could be explored in banknote sorter in the forecast period. Large size, small size, and medium-size sorters are the product types that could be explored in banknote sorter in the forecast period. Small-size banknote sorter may account for the substantial market share of banknote sorter and is estimated to lead the overall market in the years to come. 

The market could be categorized based on applications like enterprise, financial institution, government, and others that could be explored in the forecast period. Enterprise sector may account for the substantial market share of banknote sorter and is estimated to lead the overall market in the years to come. Also, the financial institution sector is estimated to grow at the fastest pace in the years to come.

Banknote sorter market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar), and Africa (South Africa).

Globally, North America may account for the substantial market share of banknote sorter and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in this region and the acceptance of new technology. The United States is a major consumer of banknote sorter in this region.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The key players of the banknote sorter market are Liaoning Julong, G&D, GLORY, De La Rue, LAUREL, Cummins-Allison, and Toshiba. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Global banknote sorter market is anticipated to grow at a CAGR of 8.19% by 2023, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application, by products, and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The Global Market for banknote sorter to 2023 offers detailed coverage of banknote sorter industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading banknote sorter producers to provide exhaustive coverage of the banknote sorter.

Report contents include
- Analysis of the banknote sorter market including revenues, future growth, market outlook
- Historical data and forecast
- Regional analysis including growth estimates
- Analyzes the end user markets including growth estimates.
- Profiles on banknote sorter including products, sales/revenues, and market position
- Market structure, market drivers and restraints.

Key regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- G&D
- De La Rue
- Cummins-Allison
- Toshiba
- LAUREL
- GLORY
- Liaoning Julong
- request free sample to get a complete list of companies