The Global Coin Sorter Market size is expected to reach $6.2 billion by 2028, rising at a market growth of 8.2% CAGR during the forecast period.
A coin sorter, also called a coin sorting machine, is a piece of equipment that helps cash-intensive businesses manage their coins. Utilizing a coin sorting machine reduces the time required for sorting and counting coins. It provides automated coin handling, saving end-users money and time by delivering error-free results. For cash-intensive enterprises, a coin sorter is employed as a sorting unit to assist the management of coins. Implementing a coin sorting machine lowers the amount of time lost by humans during the counting and sorting processes.
By offering error-free results, these devices automate the cash-handling procedure for coins and save time and money for the company. A coin sorter separates a random assortment of coins into distinct baskets or tubes for different denominations. Typically, coin sorters are country-specific due to the fact that different currencies frequently issue coins of comparable size but differing values. While some sorters do not attempt to count the money, the majority are equipped with a screen that displays the number or value of the coins that have passed through the sorting device.
Businesses, such as restaurants, convenience stores, and retail stores, as well as banks and government agencies, invest in and rely on cash counting machines. In reality, these devices can eliminate fraud by offering instantaneous accuracy and identifying counterfeit coins, despite the fact that some people remain skeptical because they appear very simple.
COVID-19 Impact Analysis
The abrupt emergence of the COVID-19 pandemic significantly damaged various economies all over the world. In addition, a number of businesses, irrespective of their sizes, were severely impacted by the COVID-19 pandemic. The coin sorter market was also affected due to the outbreak of the pandemic. The COVID-19 pandemic delivered a significant and detrimental impact on the coin sorter market due to the rise in online and digitalized methods of payment among customers across the world. To combat COVID-19, a significant number of banks all over the world emphasized cashless transactions and encouraged consumers to adopt them.
Market Growth Factors
Increased Accuracy and Reduced Risk of Human Errors
Coin sorters are typically automated, due to which, they are gaining the traction of a number of people all over the world while also being highly adopted among several businesses as well as government organizations. Since coin sorting is an extremely difficult and time-consuming operation, it has had a negative impact on organizational efficiency and revenue-driven organizations. In addition, manual coin sorting is susceptible to a number of human errors, resulting in a loss for the organization. Consequently, automation within money management and administration has been essential for the past few years.
Growing Requirement for Automated and Streamlined Cash Handling Equipment
Automated administration of the payment as well as receipt processes is becoming increasingly vital in restaurants, stores, and enterprises that deal with coins on a daily basis, to put it briefly. Even though credit cards, as well as online banking, are encouraged, many people still prefer cash as their primary method of payment. Automatic cash handling methods, including coin sorting equipment, save time and, most importantly, money. Therefore, a coin sorter is an asset for all businesses, regardless of their business volume.
Market Restraining Factors
Increasingly Growing Prevalence of Contactless and Digital Transactions
Emerging trends of cashless and digital payment methods are substituting cash, particularly coins, and negatively affecting the coin sorter business. An increase in the proportion of online transactions is triggering a steep decline in cash circulation throughout the world. It is ultimately having a detrimental effect on the utilization of coin sorter equipment as well as coin counter machines in multiple banks. Since digital payment systems have been prevailing for a while, the process has changed immensely and became easier than ever, particularly for senior citizens.
Type Outlook
By Type, the Coin Sorter Market is segmented into Small Size Coin Sorter, Medium Size Coin Sorter, and Large Size Coin Sorter. In 2021, the large-size coin sorters segment registered a substantial revenue share of the coin sorter market. This is because petrol stations, apparel stores, delivery services, restaurants, convenience stores, and other businesses that handle cash use these machines.
Coin Sorter Market Report Coverage Report Attribute | Details |
Market size value in 2021 | USD 3.6 Billion |
Market size forecast in 2028 | USD 6.2 Billion |
Base Year | 2021 |
Historical Period | 2018 to 2020 |
Forecast Period | 2022 to 2028 |
Revenue Growth Rate | CAGR of 8.2% from 2022 to 2028 |
Number of Pages | 106 |
Number of Tables | 169 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
Segments covered | Type, Region |
Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
Growth Drivers | - Increased Accuracy and Reduced Risk of Human Errors
- Growing Requirement for Automated and Streamlined Cash Handling Equipment
|
Restraints | - Increasingly Growing Prevalence of Contactless and Digital Transactions
|
Regional Outlook
Region-Wise, the Coin Sorter Market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, North America accounted for the largest revenue share of the coin sorter market. North America is one of the largest markets for automated cash handling due to the increasing number of retail outlets, which adds to the market's expansion in this region.
Free Valuable Insights: Global Coin Sorter Market size to reach USD 6.2 Billion by 2028
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 Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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
TABLE 1 Global Coin Sorter Market, 2018 - 2021, USD Million
TABLE 2 Global Coin Sorter Market, 2022 - 2028, USD Million
TABLE 3 Global Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 4 Global Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 5 Global Small Size Coin Sorter Market by Region, 2018 - 2021, USD Million
TABLE 6 Global Small Size Coin Sorter Market by Region, 2022 - 2028, USD Million
TABLE 7 Global Medium Size Coin Sorter Market by Region, 2018 - 2021, USD Million
TABLE 8 Global Medium Size Coin Sorter Market by Region, 2022 - 2028, USD Million
TABLE 9 Global Large Size Coin Sorter Market by Region, 2018 - 2021, USD Million
TABLE 10 Global Large Size Coin Sorter Market by Region, 2022 - 2028, USD Million
TABLE 11 Global Coin Sorter Market by Region, 2018 - 2021, USD Million
TABLE 12 Global Coin Sorter Market by Region, 2022 - 2028, USD Million
TABLE 13 North America Coin Sorter Market, 2018 - 2021, USD Million
TABLE 14 North America Coin Sorter Market, 2022 - 2028, USD Million
TABLE 15 North America Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 16 North America Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 17 North America Small Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Small Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Medium Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Medium Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Large Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Large Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 25 US Coin Sorter Market, 2018 - 2021, USD Million
TABLE 26 US Coin Sorter Market, 2022 - 2028, USD Million
TABLE 27 US Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 28 US Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 29 Canada Coin Sorter Market, 2018 - 2021, USD Million
TABLE 30 Canada Coin Sorter Market, 2022 - 2028, USD Million
TABLE 31 Canada Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 32 Canada Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 33 Mexico Coin Sorter Market, 2018 - 2021, USD Million
TABLE 34 Mexico Coin Sorter Market, 2022 - 2028, USD Million
TABLE 35 Mexico Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 36 Mexico Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 37 Rest of North America Coin Sorter Market, 2018 - 2021, USD Million
TABLE 38 Rest of North America Coin Sorter Market, 2022 - 2028, USD Million
TABLE 39 Rest of North America Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 40 Rest of North America Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 41 Europe Coin Sorter Market, 2018 - 2021, USD Million
TABLE 42 Europe Coin Sorter Market, 2022 - 2028, USD Million
TABLE 43 Europe Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 44 Europe Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 45 Europe Small Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 46 Europe Small Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 47 Europe Medium Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 48 Europe Medium Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 49 Europe Large Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 50 Europe Large Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 51 Europe Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 52 Europe Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 53 Germany Coin Sorter Market, 2018 - 2021, USD Million
TABLE 54 Germany Coin Sorter Market, 2022 - 2028, USD Million
TABLE 55 Germany Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 56 Germany Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 57 UK Coin Sorter Market, 2018 - 2021, USD Million
TABLE 58 UK Coin Sorter Market, 2022 - 2028, USD Million
TABLE 59 UK Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 60 UK Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 61 France Coin Sorter Market, 2018 - 2021, USD Million
TABLE 62 France Coin Sorter Market, 2022 - 2028, USD Million
TABLE 63 France Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 64 France Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 65 Russia Coin Sorter Market, 2018 - 2021, USD Million
TABLE 66 Russia Coin Sorter Market, 2022 - 2028, USD Million
TABLE 67 Russia Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 68 Russia Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 69 Spain Coin Sorter Market, 2018 - 2021, USD Million
TABLE 70 Spain Coin Sorter Market, 2022 - 2028, USD Million
TABLE 71 Spain Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 72 Spain Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 73 Italy Coin Sorter Market, 2018 - 2021, USD Million
TABLE 74 Italy Coin Sorter Market, 2022 - 2028, USD Million
TABLE 75 Italy Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 76 Italy Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 77 Rest of Europe Coin Sorter Market, 2018 - 2021, USD Million
TABLE 78 Rest of Europe Coin Sorter Market, 2022 - 2028, USD Million
TABLE 79 Rest of Europe Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 80 Rest of Europe Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 81 Asia Pacific Coin Sorter Market, 2018 - 2021, USD Million
TABLE 82 Asia Pacific Coin Sorter Market, 2022 - 2028, USD Million
TABLE 83 Asia Pacific Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 84 Asia Pacific Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 85 Asia Pacific Small Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 86 Asia Pacific Small Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 87 Asia Pacific Medium Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 88 Asia Pacific Medium Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 89 Asia Pacific Large Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 90 Asia Pacific Large Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 91 Asia Pacific Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 92 Asia Pacific Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 93 China Coin Sorter Market, 2018 - 2021, USD Million
TABLE 94 China Coin Sorter Market, 2022 - 2028, USD Million
TABLE 95 China Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 96 China Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 97 Japan Coin Sorter Market, 2018 - 2021, USD Million
TABLE 98 Japan Coin Sorter Market, 2022 - 2028, USD Million
TABLE 99 Japan Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 100 Japan Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 101 India Coin Sorter Market, 2018 - 2021, USD Million
TABLE 102 India Coin Sorter Market, 2022 - 2028, USD Million
TABLE 103 India Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 104 India Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 105 South Korea Coin Sorter Market, 2018 - 2021, USD Million
TABLE 106 South Korea Coin Sorter Market, 2022 - 2028, USD Million
TABLE 107 South Korea Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 108 South Korea Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 109 Singapore Coin Sorter Market, 2018 - 2021, USD Million
TABLE 110 Singapore Coin Sorter Market, 2022 - 2028, USD Million
TABLE 111 Singapore Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 112 Singapore Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 113 Malaysia Coin Sorter Market, 2018 - 2021, USD Million
TABLE 114 Malaysia Coin Sorter Market, 2022 - 2028, USD Million
TABLE 115 Malaysia Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 116 Malaysia Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 117 Rest of Asia Pacific Coin Sorter Market, 2018 - 2021, USD Million
TABLE 118 Rest of Asia Pacific Coin Sorter Market, 2022 - 2028, USD Million
TABLE 119 Rest of Asia Pacific Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 120 Rest of Asia Pacific Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 121 LAMEA Coin Sorter Market, 2018 - 2021, USD Million
TABLE 122 LAMEA Coin Sorter Market, 2022 - 2028, USD Million
TABLE 123 LAMEA Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 124 LAMEA Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 125 LAMEA Small Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 126 LAMEA Small Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 127 LAMEA Medium Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 128 LAMEA Medium Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 129 LAMEA Large Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 130 LAMEA Large Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 131 LAMEA Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 132 LAMEA Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 133 Brazil Coin Sorter Market, 2018 - 2021, USD Million
TABLE 134 Brazil Coin Sorter Market, 2022 - 2028, USD Million
TABLE 135 Brazil Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 136 Brazil Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 137 Argentina Coin Sorter Market, 2018 - 2021, USD Million
TABLE 138 Argentina Coin Sorter Market, 2022 - 2028, USD Million
TABLE 139 Argentina Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 140 Argentina Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 141 UAE Coin Sorter Market, 2018 - 2021, USD Million
TABLE 142 UAE Coin Sorter Market, 2022 - 2028, USD Million
TABLE 143 UAE Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 144 UAE Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 145 Saudi Arabia Coin Sorter Market, 2018 - 2021, USD Million
TABLE 146 Saudi Arabia Coin Sorter Market, 2022 - 2028, USD Million
TABLE 147 Saudi Arabia Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 148 Saudi Arabia Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 149 South Africa Coin Sorter Market, 2018 - 2021, USD Million
TABLE 150 South Africa Coin Sorter Market, 2022 - 2028, USD Million
TABLE 151 South Africa Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 152 South Africa Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 153 Nigeria Coin Sorter Market, 2018 - 2021, USD Million
TABLE 154 Nigeria Coin Sorter Market, 2022 - 2028, USD Million
TABLE 155 Nigeria Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 156 Nigeria Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 157 Rest of LAMEA Coin Sorter Market, 2018 - 2021, USD Million
TABLE 158 Rest of LAMEA Coin Sorter Market, 2022 - 2028, USD Million
TABLE 159 Rest of LAMEA Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 160 Rest of LAMEA Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 161 Key Information – Glory Ltd.
TABLE 162 Key Information – Giesecke & Devrient GmbH
TABLE 163 Key Information – De La Rue PLC
TABLE 164 Key Information – Crane Payment Innovations, Inc.
TABLE 165 Key Information – Guangdong Baijia Baiter Co., Ltd.
TABLE 166 Key Information – Royal Sovereign International Inc.
TABLE 167 Key Information – Suzhou Ribao Technology Co., Ltd.
TABLE 168 Key Information – BCash
TABLE 169 Key Information – CTcoin A/S
List of Figures
FIG 1 Methodology for the research
FIG 2 Global Coin Sorter Market Share by Type, 2021
FIG 3 Global Coin Sorter Market Share by Type, 2028
FIG 4 Global Coin Sorter Market by Type, 2018 - 2028, USD Million
FIG 5 Global Coin Sorter Market Share by Region, 2021
FIG 6 Global Coin Sorter Market Share by Region, 2028
FIG 7 Global Coin Sorter Market by Region, 2018 - 2028, USD Million
FIG 8 SWOT Analysis: Glory Ltd.