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Global POS Banknote Recycler Market 2017-2021

Global POS Banknote Recycler Market 2017-2021

About POS Banknote Recycler

A cash recycler is a machine that handles tasks like accepting and dispensing cash. It stores money, keeps an accurate account of cash-in-hand, and automates the cash cycle. The POS banknote recycler is designed to handle cash in an organized manner with increased security and cash management benefits. In the retail industry, POS banknote recyclers are used in self-checkout terminals. The market is segmented based on offline and online distribution channel.

Technavio’s analysts forecast the global POS banknote recycler market to grow at a CAGR of 7.51% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global POS banknote recycler market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global POS Banknote Recycler 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
  • Boston Scientific
  • Medtronic
  • Sorin
  • St. Jude Medical
  • Terumo
Other prominent vendors
  • Cash Phenix
  • CI Tech Components
  • Currency Tech
  • Innovative Technology
  • JCM Global
  • MELLON GROUP OF COMPANIES
  • SUZOHAPP
Market driver
  • Innovation in product technology
  • For a full, detailed list, view our report
Market challenge
  • Increase in adoption of cashless payment options
  • For a full, detailed list, view our report
Market trend
  • Growing self-checkout terminals market
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Global POS Banknote Recycler Market 2017-2021

Technavio recognizes the following companies as the key players in the global POS banknote recycler market: ARCA, Crane, Diebold Nixdorf, and Glory Global Solutions.

Other Prominent Vendors in the market are: Cash Phenix, CI Tech Components, Currency Tech, Innovative Technology, JCM Global, MELLON GROUP OF COMPANIES, and SUZOHAPP.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing self-checkout terminals market. Technological innovations in retail industries across the globe influence retailers to opt for self-checkout terminals. Technological innovations in the retail sector are expected to drive the global POS banknote recycler market's growth in the future. Self-checkout terminals ensure a high degree of customer satisfaction.”

According to the report, one driver in the market is innovation in product technology. Innovations in product technology and product design are the key drivers of the global POS banknote recycler market. Banknote recyclers impact the efficiency of staff and business operations in retail stores. By leveraging a banknote recycling system, tasks that had to be previously relegated to cashiers can now be managed by machines. This saves time, shortens shifts, and redeploys cash room attendants. Checking tills out to cashiers, checking tills back at the end of the shift, conducting till sweeps, investigating discrepancies, counting and recounting money, and reconciling till balances can be automated using banknote recyclers.

Further, the report states that one challenge in the market is increase in adoption of cashless payment options. There is an increase in the adoption of cashless payments options or cashless transactions across the globe. There are multiple apps that facilitate cashless payments through banking transactions. Such payments can also be routed through debit or credit cards. Some of the mobile wallets use cash, which is routed to the merchants. Apps such as PayPal use QR codes that are generated for each bill or each merchant. This mode of payment eliminates or reduces the need for physical cash transactions.

Companies Mentioned

ARCA, Crane, Diebold Nixdorf, Glory Global Solutions, Cash Phenix, CI Tech Components, Currency Tech, Innovative Technology, JCM Global, MELLON GROUP OF COMPANIES, and SUZOHAPP.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Global retail self-checkout terminals market 2016-2021 ($ billions)
  • Market landscape
    • Market overview
      • Table Global POS Banknote Recycler market
      • Table Benefits of using POS banknote recyclers
    • Market size and forecast
      • Table Global POS banknote recycler market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by distribution channel
    • Global POS banknote recycler market: Segmentation by distribution channel
      • Table Global POS banknote recycler market: Segmentation by distribution channel 2016 (% share of revenue)
  • Regional landscape
    • Geographical segmentation
      • Table Americas – market size & forecast 2016-2021 (% share of revenue)
    • Regional comparison
      • Table Regional comparison
    • Americas – market size & forecast
      • Table Americas – market size & forecast 2016-2021 ($ millions)
      • Table Americas – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • EMEA – market size & forecast
      • Table EMEA – market size & forecast 2016-2021 ($ millions)
      • Table EMEA – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • APAC – market size & forecast
      • Table APAC – market size & forecast 2016-2021 ($ millions)
      • Table APAC – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing self-checkout terminals market
    • Evolution of NFC technology
    • Technological advancements improving service
  • Vendor landscape
    • Competitive scenario
    • Key players in global POS banknote recycler market
      • Table Global POS banknote recycler market: Key players
    • Competitive assessment of top four vendors
      • Table Competitive assessment of top four vendors
  • Key vendor analysis
    • ARCA
      • Table ARCA: Product segmentation
      • Table ARCA in global POS banknote recycler market
    • Crane
      • Table Crane: Business segmentation by revenue 2016 (% share of revenue)
      • Table Crane: Geographical segmentation by revenue 2016 (% share of revenue)
      • Table Crane in global POS banknote recycler market
    • Diebold Nixdorf
      • Table Diebold Nixdorf: Business segmentation by revenue 2016 (% share of revenue)
      • Table Diebold Nixdorf: Geographical segmentation by revenue 2016 (% share of revenue)
      • Table Diebold Nixdorf in global POS banknote recycler market
    • Glory Global Solutions
      • Table Glory Global Solutions: Business segmentation by revenue 2016
      • Table Glory Global Solutions in POS banknote recycler market
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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