The Europe Coin Sorter Market would witness market growth of 7.7% CAGR during the forecast period (2022-2028).
The operation of currency counters involves placing a pile of coins in place. The sorting machine then pulls each coin through individually, instantaneously identifying the denomination and providing a total based on the number of times the internal beam of light is disrupted. Some coin sorters can also identify counterfeit coins by illuminating fluorescent symbols inscribed on the bills with a black light in order to distinguish between real and counterfeit ones. When a deposit is made, the coins are counted and verified with lightning speed, so users do not have to worry about miscounts or coins being rejected by the bank.
The capacities of coin sorter equipment in terms of the number of coins inserted simultaneously also play a significant role in maximizing sales prospects. In addition to high capacity, producers of coin sorter machines offer machines with additional features, such as fast and accurate counting, anti-jam technology, as well as coin wrapping capabilities. It is likely to contribute to the market expansion of coin sorter machines in the coming years. Each currency's coins have a different diameter and thickness. And just as a human can distinguish them without seeing, mixed coin sorters employ automated sensors along with rotating discs to recognize coins according to their size and then separate them into different receiving cups.
The European government places a higher emphasis on protecting a number of frauds as well as currency counterfeits. Under Regulation (EU) No 1210/2010, the European government controls the use of coin sorter machines in order to outlaw coin counterfeiting activities and authenticate coin sorting and counting procedures. To obtain Commission clearance for the distribution of coin sorter machines on the European market, coin sorter machine manufacturers must meet the eligibility requirements outlined in the Commission's guidelines.
The Germany market dominated the Europe Coin Sorter Market by Country in 2021; thereby, achieving a market value of $405.4 million by 2028. The UK market is experiencing a CAGR of 6.8% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 8.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Coin Sorter Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Coin Sorter Market, by Type
1.4.2 Europe 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. Europe Coin Sorter Market by Type
3.1 Europe Small Size Coin Sorter Market by Country
3.2 Europe Medium Size Coin Sorter Market by Country
3.3 Europe Large Size Coin Sorter Market by Country
Chapter 4. Europe Coin Sorter Market by Country
4.1 Germany Coin Sorter Market
4.1.1 Germany Coin Sorter Market by Type
4.2 UK Coin Sorter Market
4.2.1 UK Coin Sorter Market by Type
4.3 France Coin Sorter Market
4.3.1 France Coin Sorter Market by Type
4.4 Russia Coin Sorter Market
4.4.1 Russia Coin Sorter Market by Type
4.5 Spain Coin Sorter Market
4.5.1 Spain Coin Sorter Market by Type
4.6 Italy Coin Sorter Market
4.6.1 Italy Coin Sorter Market by Type
4.7 Rest of Europe Coin Sorter Market
4.7.1 Rest of Europe 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 Europe Coin Sorter Market, 2018 - 2021, USD Million
TABLE 2 Europe Coin Sorter Market, 2022 - 2028, USD Million
TABLE 3 Europe Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 4 Europe Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 5 Europe Small Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Small Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Medium Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Medium Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Large Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Large Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 13 Germany Coin Sorter Market, 2018 - 2021, USD Million
TABLE 14 Germany Coin Sorter Market, 2022 - 2028, USD Million
TABLE 15 Germany Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 16 Germany Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 17 UK Coin Sorter Market, 2018 - 2021, USD Million
TABLE 18 UK Coin Sorter Market, 2022 - 2028, USD Million
TABLE 19 UK Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 20 UK Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 21 France Coin Sorter Market, 2018 - 2021, USD Million
TABLE 22 France Coin Sorter Market, 2022 - 2028, USD Million
TABLE 23 France Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 24 France Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 25 Russia Coin Sorter Market, 2018 - 2021, USD Million
TABLE 26 Russia Coin Sorter Market, 2022 - 2028, USD Million
TABLE 27 Russia Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 28 Russia Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 29 Spain Coin Sorter Market, 2018 - 2021, USD Million
TABLE 30 Spain Coin Sorter Market, 2022 - 2028, USD Million
TABLE 31 Spain Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 32 Spain Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 33 Italy Coin Sorter Market, 2018 - 2021, USD Million
TABLE 34 Italy Coin Sorter Market, 2022 - 2028, USD Million
TABLE 35 Italy Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 36 Italy Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 37 Rest of Europe Coin Sorter Market, 2018 - 2021, USD Million
TABLE 38 Rest of Europe Coin Sorter Market, 2022 - 2028, USD Million
TABLE 39 Rest of Europe Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 40 Rest of Europe 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.