The Latin America, Middle East and Africa Coin Sorter Market would witness market growth of 10.9% CAGR during the forecast period (2022-2028).
While security, accuracy, and efficiency continue to be the most significant characteristics of coin sorter machines, manufacturers are offering additional add-ons, such as machine graphics, touch-screen displays, and hands-free coin management functions. To obtain a competitive edge in the market for coin sorter machines, distributors and manufacturers are leveraging cutting-edge technology to provide coin sorter machines with highly advanced and superior security features.
The coin sorter market is affected by a variety of factors, such as the growth of commercial banks and the retail sector, the rise in demand for automated cash handling products, the surge in the demand for technically sophisticated self-service machines, the expansion of application areas, and the consumer preference for digital transaction solutions. In addition, the growing number of developed as well as developing countries have a significant expansion potential for the retail industry, which is anticipated to boost the coin sorter market growth in the coming years.
South Africa encompasses a significant retail industry in the region. The retail food industry in South Africa is well established and continues to grow in other African nations. According to the Food and Agriculture Department, as the South African economy started to recover from the ravages of the COVID-19 pandemic, retail food sales in 2021 totaled $40 billion, a 0.2 percent rise from 2020. The expansion followed the relaxation of COVID-19 requirements and an increase in in-store shopping rates.
The Brazil market dominated the LAMEA Coin Sorter Market by Country in 2021; thereby, achieving a market value of $119.5 million by 2028. The Argentina market is estimated to grow at a CAGR of 11.5% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 10.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Coin Sorter Market is Predict to reach $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
- 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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Coin Sorter Market, by Type
1.4.2 LAMEA 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. LAMEA Coin Sorter Market by Type
3.1 LAMEA Small Size Coin Sorter Market by Country
3.2 LAMEA Medium Size Coin Sorter Market by Country
3.3 LAMEA Large Size Coin Sorter Market by Country
Chapter 4. LAMEA Coin Sorter Market by Country
4.1 Brazil Coin Sorter Market
4.1.1 Brazil Coin Sorter Market by Type
4.2 Argentina Coin Sorter Market
4.2.1 Argentina Coin Sorter Market by Type
4.3 UAE Coin Sorter Market
4.3.1 UAE Coin Sorter Market by Type
4.4 Saudi Arabia Coin Sorter Market
4.4.1 Saudi Arabia Coin Sorter Market by Type
4.5 South Africa Coin Sorter Market
4.5.1 South Africa Coin Sorter Market by Type
4.6 Nigeria Coin Sorter Market
4.6.1 Nigeria Coin Sorter Market by Type
4.7 Rest of LAMEA Coin Sorter Market
4.7.1 Rest of LAMEA 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 LAMEA Coin Sorter Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Coin Sorter Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 4 LAMEA Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 5 LAMEA Small Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Small Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Medium Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Medium Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Large Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Large Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 13 Brazil Coin Sorter Market, 2018 - 2021, USD Million
TABLE 14 Brazil Coin Sorter Market, 2022 - 2028, USD Million
TABLE 15 Brazil Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 16 Brazil Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 17 Argentina Coin Sorter Market, 2018 - 2021, USD Million
TABLE 18 Argentina Coin Sorter Market, 2022 - 2028, USD Million
TABLE 19 Argentina Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 20 Argentina Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 21 UAE Coin Sorter Market, 2018 - 2021, USD Million
TABLE 22 UAE Coin Sorter Market, 2022 - 2028, USD Million
TABLE 23 UAE Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 24 UAE Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 25 Saudi Arabia Coin Sorter Market, 2018 - 2021, USD Million
TABLE 26 Saudi Arabia Coin Sorter Market, 2022 - 2028, USD Million
TABLE 27 Saudi Arabia Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 28 Saudi Arabia Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 29 South Africa Coin Sorter Market, 2018 - 2021, USD Million
TABLE 30 South Africa Coin Sorter Market, 2022 - 2028, USD Million
TABLE 31 South Africa Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 32 South Africa Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 33 Nigeria Coin Sorter Market, 2018 - 2021, USD Million
TABLE 34 Nigeria Coin Sorter Market, 2022 - 2028, USD Million
TABLE 35 Nigeria Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 36 Nigeria Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 37 Rest of LAMEA Coin Sorter Market, 2018 - 2021, USD Million
TABLE 38 Rest of LAMEA Coin Sorter Market, 2022 - 2028, USD Million
TABLE 39 Rest of LAMEA Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 40 Rest of LAMEA 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.