The North America Coin Sorter Market would witness market growth of 7.6% CAGR during the forecast period (2022-2028).
Coins are not only of varying sizes but also of varying weights. The load cells utilize an electrical signal to precisely measure and compute the weight of the coins, comparing them with the denomination and currencies stored in the machine's memory to provide the user with an instant sum. A superior sorter is extremely durable, dependable, and user-friendly. Many are so straightforward that the user only needs to pour in coins and let the system do the work. More sophisticated ones can organize and count coins while sorting them by denomination. Many verify the legitimacy of the cash, removing counterfeit coins from circulation.
Coin sorters have the added benefit of exhibiting the coin value of the currency being counted. Therefore, instead of sorting and inserting single denominations into a currency sorter, these gadgets allow customers to insert a range of coins into the machine. Using color image sensors, each coin is scanned and recognized. Along with the total number of coins, the amount for every denomination is computed. Using various counterfeit detection technologies, such as Ultraviolet (UV), Magnetic (MG), and Infrared (IR), a coin is examined for fluorescent signs or brightening agents, which is impossible to determine with the human eye. Some of these devices have the additional capability of screening dust and dirt from used coins.
The retail sector of the region is expanding at a very rapid pace and is also anticipated to increase in the coming years. According to the Office of National Statistics, following a corrected 1.2% decline in March 2022, retail sales volumes increased 1.4% in April 2022. Sales volumes were nearly 4.1% above their pre-coronavirus condition. Moreover, food store sales volumes increased by 2.8% in April 2022, primarily due to increased expenditure on alcoholic beverages and tobacco products. Moreover, food sales in supermarkets remained largely stable.
The US market dominated the North America Coin Sorter Market by Country in 2021; thereby, achieving a market value of $1.56 billion by 2028. The Canada market is exhibiting a CAGR of 10.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 9.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Coin Sorter Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Coin Sorter Market, by Type
1.4.2 North America 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. North America Coin Sorter Market by Type
3.1 North America Small Size Coin Sorter Market by Country
3.2 North America Medium Size Coin Sorter Market by Country
3.3 North America Large Size Coin Sorter Market by Country
Chapter 4. North America Coin Sorter Market by Country
4.1 US Coin Sorter Market
4.1.1 US Coin Sorter Market by Type
4.2 Canada Coin Sorter Market
4.2.1 Canada Coin Sorter Market by Type
4.3 Mexico Coin Sorter Market
4.3.1 Mexico Coin Sorter Market by Type
4.4 Rest of North America Coin Sorter Market
4.4.1 Rest of North America 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 North America Coin Sorter Market, 2018 - 2021, USD Million
TABLE 2 North America Coin Sorter Market, 2022 - 2028, USD Million
TABLE 3 North America Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 4 North America Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 5 North America Small Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Small Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Medium Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Medium Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Large Size Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Large Size Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Coin Sorter Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Coin Sorter Market by Country, 2022 - 2028, USD Million
TABLE 13 US Coin Sorter Market, 2018 - 2021, USD Million
TABLE 14 US Coin Sorter Market, 2022 - 2028, USD Million
TABLE 15 US Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 16 US Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 17 Canada Coin Sorter Market, 2018 - 2021, USD Million
TABLE 18 Canada Coin Sorter Market, 2022 - 2028, USD Million
TABLE 19 Canada Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 20 Canada Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 21 Mexico Coin Sorter Market, 2018 - 2021, USD Million
TABLE 22 Mexico Coin Sorter Market, 2022 - 2028, USD Million
TABLE 23 Mexico Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 24 Mexico Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 25 Rest of North America Coin Sorter Market, 2018 - 2021, USD Million
TABLE 26 Rest of North America Coin Sorter Market, 2022 - 2028, USD Million
TABLE 27 Rest of North America Coin Sorter Market by Type, 2018 - 2021, USD Million
TABLE 28 Rest of North America Coin Sorter Market by Type, 2022 - 2028, USD Million
TABLE 29 Key Information – Glory Ltd.
TABLE 30 Key Information – Giesecke & Devrient GmbH
TABLE 31 Key Information – De La Rue PLC
TABLE 32 Key Information – Crane Payment Innovations, Inc.
TABLE 33 Key Information – Guangdong Baijia Baiter Co., Ltd.
TABLE 34 Key Information – Royal Sovereign International Inc.
TABLE 35 Key Information – Suzhou Ribao Technology Co., Ltd.
TABLE 36 Key Information – BCash
TABLE 37 Key Information – CTcoin A/S
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Glory Ltd.