Global ATM Slide Rails Market 2016-2020
About ATM Slide Rails
Slide rails have been an important part of the ATM hardware. They find their application in the pulling out the different mobile components of the ATM hardware components such as cash dispenser unit (CDU), cartridges, error box, deposit box, and also the front panel of the ATM. ATM slide rails come under the business head of the mechanical unit in most of the vendors as these slide rails allow an ATM’s components to have a mechanical movement.
Technavio’s analysts forecast the global ATM slide rails market to grow at a CAGR of 16% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global ATM slide rails market for 2016-2020. To calculate the market size, the report considers the unit shipments of the slide rails that are installed on a yearly basis in the ATMsThe market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global ATM Slide Rails Market 2016-2020
Technavio recognizes the following companies as the key players in the global ATM slide rails market: Sun Chain Metal, TAKACHIHO KOHEKI, and THK.
Other Prominent Vendors in the market are: Accuride, Chambrelan, Genmega, and Rollon.
Commenting on the report, an analyst from Technavio’s team said: “Improvement in manufacturing process will be a key trend for market growth. For the longevity of the slide rails, it is important that the components used for the manufacturing of the slide rails have a long life. Since the slide rails operation requires frequent to and fro motion, the longevity or durability of the slide rail products is measured in terms of the cycles the slide rail is expanded or closed. This expansion or closure process in slide rails is possible because of use of steel ball bearings. Vendors understand the importance of using high-quality steel ball bearings for the extended life of the end product. Therefore, firms such as Accuride, which have in-house steel ball bearing manufacturing facility, use the electroplating process to enable surface coating of the ball bearing. The electroplating process provides a slide rail ball bearing with superior resistance to corrosion and thereby helps improve the overall life of the slide rail.”
According to the report, the major driver for the ATM slide rails is the increase in demand for ATMs as an alternative to a bank branch. As the banking industry is growing and there is an increase in demand to address the growing banking-related services and queries, ATMs provide an alternative for such branches. ATMs are a fast way to avail banking facilities and services beyond the normal working hours of a bank. Due to this ATMs are kept inside the bank, off the branch, and at specific locations where there is no requirement for a new branch, and ATM is sufficient to cater to the needs of end-users.
Further, the report states that ATM slide rails are a major component of the cash dispenser unit (CDU) and an important part of the ATM. The challenges faced by the ATM market thus directly affect the market for slide rails. ATMs help the bank reduce the count of people to a branch by automating the cash dispensing and cash recycling, yet there are a number of factors that affect the wide adoption of the ATM machines. ATMs are an expense to a bank, in term of cost of the machine, monthly rental for space it occupies at a branch office or off sites (outside the bank premise), commercial electricity, the cost of security guard if kept. All such factors add up to the branch expense.
Sun Chain Metal, TAKACHIHO KOHEKI, THK, Accuride, Chambrelan, Genmega, Rollon.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook