ATM Manufacturing in the US - Industry Market Research Report
Description
ATM Manufacturing in the US
Over the past five years, ATM manufacturers have faced a steady decline in demand that forced many manufacturers to permanently close up shop. Consumers are using cash less often than ever, making ATMs less needed in consumers' day-to-day lives. What little demand for ATMs remains is mostly being captured by imports, especially from South Korea and Mexico, as companies in these nations can leverage cheaper labor to undercut the prices of domestic manufacturers. This also puts tense price competition on the industry, compressing profit. Industry-wide revenue has been dropping at a CAGR of 3.4% over the past five years and is expected to total $354.5 million in 2023, when revenue is projected to sink 1.5%.
This industry manufactures automated teller machines (ATMs). An ATM is a computerized telecommunications device that provides the clients of financial institutions with access to financial transaction functionality without the need for a cashier or teller.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Over the past five years, ATM manufacturers have faced a steady decline in demand that forced many manufacturers to permanently close up shop. Consumers are using cash less often than ever, making ATMs less needed in consumers' day-to-day lives. What little demand for ATMs remains is mostly being captured by imports, especially from South Korea and Mexico, as companies in these nations can leverage cheaper labor to undercut the prices of domestic manufacturers. This also puts tense price competition on the industry, compressing profit. Industry-wide revenue has been dropping at a CAGR of 3.4% over the past five years and is expected to total $354.5 million in 2023, when revenue is projected to sink 1.5%.
This industry manufactures automated teller machines (ATMs). An ATM is a computerized telecommunications device that provides the clients of financial institutions with access to financial transaction functionality without the need for a cashier or teller.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
41 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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