The Asia Pacific Coin Sorter Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).
Everyday money-handling businesses, such as supermarkets and banks, require coin sorting system machines. Due to the efficiency that coin sorting machines provide to various accounting processes, the market for coin sorting machines is growing steadily. Some banks offer liberal coin exchange programs to both customers and non-customers, which presents numerous prospects for coin sorter machine manufacturers. In addition, coin sorter machines are in high demand among organizations, like Coinstar that provide supermarket coin exchange services. The increasing number of supermarkets and grocery stores that offer coin sorter equipment, as well as coin counting services, is driving the coin sorter market's expansion.
As demand for coin sorter equipment increases among banks, businesses, and manufacturers in the market for coin sorters are focusing on identifying the precise needs of their customers. In order to address the need for small and user-friendly coin sorter equipment, market players are introducing innovative production techniques. Customers that are interested in purchasing coin sorter machines continue to place a premium on accuracy and efficiency, hence defining the principal potential growth of the coin sorter market.
The banking industry in the region is increasing at an exponential rate. According to the National Investment Promotion and Facilitation Agency, over 450 million bank accounts have been opened under the Government of India's Pradhan Mantri Jan Dhan Yojana, with deposits totaling approximately $21.5 billion. Following advances and loans investments were the second largest element on the assets side of the balance sheets of all banks, driven mostly by Government securities.
The China market dominated the Asia Pacific Coin Sorter Market by Country in 2021; thereby, achieving a market value of $517.4 million by 2028. The Japan market is poised to grow at CAGR of 8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 9.4% during (2022 - 2028).
Based on Type the market is segmented into Small Size Coin Sorter, Medium Size Coin Sorter and Large Size Coin Sorter. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Coin Sorter Market is Projected to reach USD 6.2 Billion by 2028, at a CAGR of 8.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Giesecke & Devrient GmbH, Glory Ltd. (Glory Global Solutions, Inc.), De La Rue PLC, Guangdong Baijia Baiter Co., Ltd., Royal Sovereign, Cummins Allison Corp., Suzhou Ribao Technology Co., Ltd., BCash, CTcoin A/S.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Small Size Coin Sorter
- Medium Size Coin Sorter
- Large Size Coin Sorter
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Giesecke & Devrient GmbH
- Glory Ltd. (Glory Global Solutions, Inc.)
- De La Rue PLC
- Guangdong Baijia Baiter Co., Ltd.
- Royal Sovereign
- Cummins Allison Corp.
- Suzhou Ribao Technology Co., Ltd.
- BCash
- CTcoin A/S
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Coin Sorter Market, by Type
1.4.2 Asia Pacific Coin Sorter Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Coin Sorter Market by Type
3.1 Asia Pacific Small Size Coin Sorter Market by Country
3.2 Asia Pacific Medium Size Coin Sorter Market by Country
3.3 Asia Pacific Large Size Coin Sorter Market by Country
Chapter 4. Asia Pacific Coin Sorter Market by Country
4.1 China Coin Sorter Market
4.1.1 China Coin Sorter Market by Type
4.2 Japan Coin Sorter Market
4.2.1 Japan Coin Sorter Market by Type
4.3 India Coin Sorter Market
4.3.1 India Coin Sorter Market by Type
4.4 South Korea Coin Sorter Market
4.4.1 South Korea Coin Sorter Market by Type
4.5 Singapore Coin Sorter Market
4.5.1 Singapore Coin Sorter Market by Type
4.6 Malaysia Coin Sorter Market
4.6.1 Malaysia Coin Sorter Market by Type
4.7 Rest of Asia Pacific Coin Sorter Market
4.7.1 Rest of Asia Pacific Coin Sorter Market by Type
Chapter 5. Company Profiles
5.1 Glory Ltd. (Glory Global Solutions, Inc.)
5.1.1 Company Overview
5.1.2 Financial Analysis
5.1.3 Segmental and Regional Analysis
5.1.4 Research & Development Expense
5.1.5 SWOT Analysis
5.2 Giesecke & Devrient GmbH
5.2.1 Company Overview
5.2.2 Financial Analysis
5.2.3 Segmental Analysis
5.2.4 Research & Development Expense
5.2.5 Recent strategies and developments:
5.2.5.1 Acquisition and Mergers:
5.3 De La Rue PLC
5.3.1 Company Overview
5.3.2 Financial Analysis
5.3.3 Segmental and Regional Analysis
5.4 Crane Payment Innovations, Inc.
5.4.1 Company Overview
5.4.2 Financial Analysis
5.4.3 Segmental and Regional Analysis
5.4.4 Research & Development Expenses
5.5 Guangdong Baijia Baiter Co., Ltd.
5.5.1 Company Overview
5.6 Royal Sovereign International Inc.
5.6.1 Company Overview
5.7 Suzhou Ribao Technology Co., Ltd.
5.7.1 Company Overview
5.8 BCash
5.8.1 Company Overview
5.9 CTcoin A/S
5.9.1 Company Overview
TABLE 1 Asia Pacific Coin Sorter Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Coin Sorter Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Small Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Small Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Medium Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Medium Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Large Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Large Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 13 China Coin Sorter Market, 2018 - 2021, USD Million
TABLE 14 China Coin Sorter Market, 2022 - 2028, USD Million
TABLE 15 China Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 16 China Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 17 Japan Coin Sorter Market, 2018 - 2021, USD Million
TABLE 18 Japan Coin Sorter Market, 2022 - 2028, USD Million
TABLE 19 Japan Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 20 Japan Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 21 India Coin Sorter Market, 2018 - 2021, USD Million
TABLE 22 India Coin Sorter Market, 2022 - 2028, USD Million
TABLE 23 India Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 24 India Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 25 South Korea Coin Sorter Market, 2018 - 2021, USD Million
TABLE 26 South Korea Coin Sorter Market, 2022 - 2028, USD Million
TABLE 27 South Korea Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 28 South Korea Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 29 Singapore Coin Sorter Market, 2018 - 2021, USD Million
TABLE 30 Singapore Coin Sorter Market, 2022 - 2028, USD Million
TABLE 31 Singapore Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 32 Singapore Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 33 Malaysia Coin Sorter Market, 2018 - 2021, USD Million
TABLE 34 Malaysia Coin Sorter Market, 2022 - 2028, USD Million
TABLE 35 Malaysia Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 36 Malaysia Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 37 Rest of Asia Pacific Coin Sorter Market, 2018 - 2021, USD Million
TABLE 38 Rest of Asia Pacific Coin Sorter Market, 2022 - 2028, USD Million
TABLE 39 Rest of Asia Pacific Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 40 Rest of Asia Pacific Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 41 Key Information – Glory Ltd.
TABLE 42 Key Information – Giesecke & Devrient GmbH
TABLE 43 Key Information – De La Rue PLC
TABLE 44 Key Information – Crane Payment Innovations, Inc.
TABLE 45 Key Information – Guangdong Baijia Baiter Co., Ltd.
TABLE 46 Key Information – Royal Sovereign International Inc.
TABLE 47 Key Information – Suzhou Ribao Technology Co., Ltd.
TABLE 48 Key Information – BCash
TABLE 49 Key Information – CTcoin A/S
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Glory Ltd.