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Global Currency Counting Machine Market 2017-2021

About Currency Counting Machine

A currency counting machine is used either for counting or sorting or counterfeit detection or all the three, for banknotes and coins. The global currency counting machine market can be segmented by end-user into three segments: banking, financial services, and insurance (BFSI); retail; and commercial. The BFSI sector dominates the market, followed by the retail and commercial sectors. In terms of the market by region, APAC holds the largest share of the global market, followed by the Americas and EMEA. The increasing number of bank branches in the region drives the market growth in APAC.

Technavio’s analysts forecast the global currency counting machine market to grow at a CAGR of 3.94% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global currency counting machine market for 2017-2021. To calculate the market size, the report considers the end-user segments.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Currency Counting Machine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Giesecke & Devrient
  • Glory Global Solutions
  • Cummins-Allison
Other prominent vendors
  • BILLCON
  • GRGBanking
  • Guangdong Baijia Baiter Industry
  • Julong
  • Kisan Electronics
  • LAUREL BANK MACHINES
  • Maxsell
  • Royal Sovereign
  • Shenzhen Best Machinery Electronics
Market driver
  • Increase in fake currency
  • For a full, detailed list, view our report
Market challenge
  • Increased number of card transactions
  • For a full, detailed list, view our report
Market trend
  • Growing need for weight-based currency counting machines
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Currency Counting Machine Market 2017-2021

Technavio recognizes the following companies as the key players in the global currency counting machine market: Giesecke & Devrient, Glory Global Solutions, and Cummins-Allison.

Other Prominent Vendors in the market are: BILLCON, GRGBanking, Guangdong Baijia Baiter Industry, Julong, Kisan Electronics, LAUREL BANK MACHINES, Maxsell, Royal Sovereign, and Shenzhen Best Machinery Electronics.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing need for weight-based currency counting machines. The global shift toward polymers is compelling governments of various countries to adopt plastic bills. Polymer banknotes are 2.5 times more durable than the current cotton-based paper notes. These notes are manufactured using a transparent plastic film coated with an ink layer. It allows clear portions in designs and improves the security against counterfeits. The switch to polymer-based banknotes will lead to fewer rejections by cash processing machines and lower destruction rates, resulting in better ROI. In addition, the security features are enhanced in polymer-based banknotes to detect counterfeits.”

According to the report, one of the major drivers for this market is Increase in fake currency. The counterfeiting of currency is one of the oldest crimes in history. When the first coins were minted, their value was based on the intrinsic value of the metal. Forgers would scrap off small amounts of the metal from original coins and use it to make fake coins with inexpensive base metals. The fake currency market has become a big black market and is one of the biggest problems for governments. Counterfeit money poses a major threat to national security and can result in economic destabilization. For instance, according to the National Crime Agency, counterfeit Bank of England notes with a value of £8.05 million were taken out of circulation in 2014.

Further, the report states that one of the major factors hindering the growth of this market is Increased number of card transactions. There has been a significant increase in the use of debit and credit cards for payments. The rise in the number of cashless payment transactions by consumers poses a threat to currency counting machines. Consumers that shop at retail or hospitality business stores use their debit or credit cards for making payments as they are easy to handle. This encourages banks and merchants to invest in the technology and market, with the assurance that merchants and consumers will make payments through card transactions.



Companies Mentioned

Giesecke & Devrient, Glory Global Solutions, and Cummins-Allison. BILLCON, GRGBanking, Guangdong Baijia Baiter Industry, Julong, Kisan Electronics, LAUREL BANK MACHINES, Maxsell, Royal Sovereign, and Shenzhen Best Machinery Electronics.

  • EXECUTIVE SUMMARY
  • SCOPE OF THE REPORT
  • RESEARCH METHODOLOGY
  • INTRODUCTION
    • MARKET OUTLINE
      • Table ANTI-COUNTERFEITING MEASURES USED ON BANKNOTES
  • OVERVIEW OF CURRENCY ECOSYSTEM
    • Table TYPES OF ECONOMIES
    • Table IMPORTANT CASH-BASED ECONOMIES OF WORLD
    • Table IMPORTANT CASHLESS COUNTRIES IN WORLD
    • Table COMPARISON BETWEEN CASH, IMMEDIATE PAYMENT METHODS, AND CHEQUE
  • MARKET LANDSCAPE
    • MARKET OVERVIEW
      • Table GLOBAL CURRENCY COUNTING MACHINE MARKET: OVERVIEW
    • MARKET SIZE AND FORECAST
      • Table GLOBAL CURRENCY COUNTING MACHINE MARKET 2016-2021 ($ MILLIONS)
    • FIVE FORCES ANALYSIS
      • Table FIVE FORCES ANALYSIS
  • MARKET SEGMENTATION BY END-USER
    • MARKET OVERVIEW
      • Table GLOBAL CURRENCY COUNTING MACHINE MARKET BY END-USER (% SHARE)
      • Table GLOBAL CURRENCY COUNTING MACHINE MARKET BY END-USER 2016-2021 ($ MILLIONS)
    • GLOBAL CURRENCY COUNTING MACHINE MARKET IN BFSI SECTOR
      • Table GLOBAL CURRENCY COUNTING MACHINE MARKET IN BFSI SECTOR 2016-2021 ($ MILLIONS)
    • GLOBAL CURRENCY COUNTING MACHINE MARKET IN RETAIL SECTOR
      • Table GLOBAL CURRENCY COUNTING MACHINE MARKET IN RETAIL SECTOR 2016-2021 ($ MILLIONS)
    • GLOBAL CURRENCY COUNTING MACHINE MARKET IN COMMERCIAL SECTOR
      • Table GLOBAL CURRENCY COUNTING MACHINE MARKET IN COMMERCIAL SECTOR 2016-2021 ($ MILLIONS)
  • GEOGRAPHICAL SEGMENTATION
    • MARKET OVERVIEW
      • Table GLOBAL CURRENCY COUNTING MACHINE MARKET BY GEOGRAPHY 2016-2021 (% SHARE)
      • Table GLOBAL CURRENCY COUNTING MACHINE MARKET BY GEOGRAPHY 2016-2021 ($ MILLIONS)
    • CURRENCY COUNTING MACHINE MARKET IN APAC
      • Table CURRENCY COUNTING MACHINE MARKET IN APAC 2016-2021 ($ MILLIONS)
    • CURRENCY COUNTING MACHINE MARKET IN AMERICAS
      • Table CURRENCY COUNTING MACHINE MARKET IN AMERICAS 2016-2021 ($ MILLIONS)
    • CURRENCY COUNTING MACHINE MARKET IN EMEA
      • Table CURRENCY COUNTING MACHINE MARKET IN EMEA 2016-2021 ($ MILLIONS)
  • DECISION FRAMEWORK
  • DRIVERS AND CHALLENGES
    • MARKET DRIVERS
      • Table COMPARISON OF COMMERCIAL BRANCHES IN APAC COUNTRIES PER 100,000 ADULTS (NUMBER OF COMMERCIAL BANK BRANCHES)
    • MARKET CHALLENGES
      • Table PAYMENT TRANSACTION METHODS USED BY CONSUMERS GLOBALLY 2016 (% SHARE)
      • Table PAYMENT TRANSACTION METHODS USED BY CONSUMERS GLOBALLY 2021 (% SHARE)
  • MARKET TRENDS
    • GROWING NEED FOR WEIGHT-BASED CURRENCY COUNTING MACHINES
    • INCREASING USE OF MULTI-CURRENCY FOREX CARDS
    • DIGITIZATION OF PAYMENTS
  • VENDOR LANDSCAPE
    • COMPETITIVE SCENARIO
    • OTHER PROMINENT VENDORS
      • Table OTHER PROMINENT VENDORS
  • KEY VENDOR ANALYSIS
    • GIESECKE & DEVRIENT
    • GLORY GLOBAL SOLUTIONS
    • CUMMINS-ALLISON
      • Table CUMMINS-ALLISON: PRODUCTS
  • APPENDIX
    • LIST OF ABBREVIATION
  • EXPLORE TECHNAVIO

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