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China Automatic Teller Machine (ATM) Industry Report, 2016-2020

China Automatic Teller Machine (ATM) Industry Report, 2016-2020

Since 1985, when the first ATM was unveiled in China, the total ATM installations have showed a double-digit growth every year. As of the end of September 2015, the number of network-connected ATMs reached 840,800 units, up 44.1% year-on-year, with a CAGR of 27.2% during 2007-2015. It is projected that the figure would exceed 900,000 units by the end of 2015 and 1.5 million units by 2020.

Seen from market development, China’s ATM industry in 2015 was characterized by the following:
(1) A big gap with developed countries
Although the number of network-connected ATMs in China has increased rapidly in recent years, the ATM ownership per million people was only 626 units as of the end of 2015, hence a huge gap compared with 1,409 units (2014’s data for North America) in developed countries. The number of bank cards supported by each ATM was 6,246, far exceeding the international standard configuration of 4,000 bank cards by each ATM. In this sense, China’s ATM industry still has large market potential. This is particularly true of rural areas and urban communities, where financial outlets are so scarce that there would be a huge demand for ATMs.

(2) Cash recycling system (CRS) has become mainstream models
Cash recycling system (CRS) could maximize the use of ATM and thus has become the mainstream models when banks purchase machines. In 2014, major banks bought 70,655 units of CRS, accounting for 72.17% of the year’s added ATMs, almost doubling that in 2007.

(3) VTM has become market highlights
VTM equipment can deliver all-round financial services including public and private business, domestic and international business, domestic and foreign currency business, and wealth management. Its greatly expanded functions and higher cost-effectiveness ratio would make it a highlight in future self-service financial services market. Currently, major banks in China have begun to deploy this kind of equipment, with Bank of Communications, for example, having deployed 489 VTMs as of the end of June 2015.

From the perspective of competitive landscape:
At present, there are scores of ATM manufacturers in China, including homegrown brands like GRG Banking, Shenzhen Yihua Computer, Eastcom, KingTeller, and Cashway, European and American brands such as NCR, Diebold, and Wincor Nixdorf, and Japanese and South Korean brands like Hitachi, OKI, and Hyosung.

As the Chinese government attaches increasing importance to financial information security and poses more and more stringent requirements on independent control of information technology, some Chinese ATM brands with core technologies and intellectual property rights have sprung up, such as GRG Banking, KingTeller, etc. As a result, foreign ATM brands have been greatly restricted, and they have successively established joint ventures with second-line brands. For instance, Diebold, along with Inspur Software, and OKI, together with DCITS, have set up joint ventures. These partners such as Hiaward and OKI, Cashway and Hyosung, and Hitachi and CLP are conducting close contact. For some time to come, the industry tends to be reshuffled.

The report highlights the followings:
Overview of ATM industry, including definition, classification, industrial chain, market characteristics, operation mode, industry policy, and technology trends, etc.;
Overview of global ATM market, including market size, competitive landscape, market structure, and development prospects, etc.;
Overview of Chinese ATM market, including market size, competitive landscape, import and export, market structure, and development prospects, etc.;
China’s ATM market segments, including CRS, VTM, ATM operation markets, etc.;
Bank card market, including quantity of cards issued, IC card development, etc.;
Profile, operation, revenue structure, R&D costs, ATM business, and development strategy of 11 ATM manufacturers, including NCR, Diebold, Wincor Nixdorf, Hitachi, OKI, GRG Banking, KingTeller, Eastcom, DCITS, and Shenzhen Yihua Computer.

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1. Overview of ATM
1.1 Definition and Classification
1.1.1 Definition
1.1.2 Classification
1.2 Industry Chain
1.3 Operating Mode
1.3.1 Operation Mode of Foreign ATM Markets
1.3.2 Operation Mode of Chinese ATM Market
1.4 Industry Policy
1.5 Development Trend
1.5.1 Further-expanded Function of ATM
1.5.2 Developing toward Safer Direction
1.5.3 Wider Application of Biological Recognition Technology
1.5.4 Further Integration of Wireless Network Technology
1.5.5 Popularization of No-card Withdrawal
2. Global ATM Market
2.1 Banking IT Market
2.2 ATM Market
2.2.1 Quantity of ATM
2.2.2 ATM Installation Rate
2.3 Competition Pattern
2.3.1 Regional Competition
2.3.2 Corporate Competition
2.4 Development Outlook
3. Chinese ATM Market
3.1 Status Quo
3.2 Industrial Characteristics
3.2.1 Business Model
3.2.2 Regionality
3.2.3 Seasonality
3.3 Market Size
3.3.1 Quantity of ATM
3.3.2 ATM Installation Rate
3.3.3 ATM Purchase Volume of Banks
3.4 Competition Pattern
3.4.1 Manufacturers
3.4.2 Competition between ATM Buyers
3.5 Imports & Exports
3.5.1 Imports
3.5.2 Exports
3.6 Key Drivers and Prospect
4. Key Market Segments
4.1 Overview
4.2 CRS
4.2.1 Overview
4.2.2 Purchase Quantity and Ownership
4.2.3 Competitive Landscape
4.2.4 Forecast
4.3 Video Teller Machine (VTM or ITM)
4.3.1 Overview
4.3.2 Technical Proposal
4.3.3 Market Value
4.3.4 Competitive Landscape
4.4 ATM Outsourcing
5. Bank Card Business in China
5.1 Number of Issued Bank Cards
5.2 Withdrawal and Deposit
5.3 Financial IC Cards
5.3.1 Overview
5.3.2 Development Course
5.3.3 Market Size
5.3.4 EVM Deployment
6. Major ATM Clients in China
6.1 Agricultural Bank of China
6.1.1 Profile
6.1.2 Number of Issued Bank Cards
6.1.3 Quantity of ATM
6.2 Industrial and Commercial Bank of China
6.2.1 Profile
6.2.2 Number of Issued Bank Cards
6.2.3 Quantity of ATM
6.3 China Construction Bank
6.3.1 Profile
6.3.2 Number of Issued Bank Cards
6.3.3 Quantity of ATM
6.4 Bank of China
6.4.1 Profile
6.4.2 Number of Issued Bank Cards
6.4.3 Quantity of ATM
6.5 Bank of Communications
6.5.1 Profile
6.5.2 Number of Issued Bank Cards
6.5.3 Quantity of ATM
6.6 Some Joint-stock Commercial Banks
6.6.1 China Merchants Bank
6.6.2 China CITIC Bank
6.6.3 Shanghai Pudong Development Bank
7. Global Major ATM Manufacturers
7.1 NCR
7.1.1 Profile
7.1.2 Operating Performance
7.1.3 Revenue Structure
7.1.4 Gross Margin
7.1.5 R & D Expenditure
7.1.6 ATM Business
7.1.7 ATM Business in China
7.1.8 Omni-channel Technology
7.1.9 Cooperation in iTM between NCR and Vidyo
7.2 Diebold
7.2.1 Profile
7.2.2 Operating Performance
7.2.3 Revenue Structure
7.2.4 Gross Margin
7.2.5 R & D Expenditure
7.2.6 ATM Business
7.2.7 ATM Business in China
7.2.8 Strategic Planning
7.2.9 Merger with Wincor Nixdorf
7.2.10 Forming New Joint Venture with Inspur
7.3 Wincor Nixdorf
7.3.1 Profile
7.3.2 Operating Performance
7.3.3 Revenue Structure
7.3.4 Gross Margin
7.3.5 R & D Expenditure
7.3.6 ATM Business
7.3.7 ATM Business in China
7.4 Hitachi
7.4.1 Profile
7.4.2 Operating Performance
7.4.3 Revenue Structure
7.4.4 R & D Expenditure
7.4.5 ATM Business
7.4.6 Strategic Planning
7.4.7 ATM Business in China
7.5 OKI
7.5.1 Profile
7.5.2 Operating Performance
7.5.3 Revenue Structure
7.5.4 Gross Margin
7.5.5 R & D Expenditure
7.5.6 ATM Business
7.5.7 ATM Business in China
7.5.8 Strategic Planning
7.5.9 Forming Joint Venture with DCITS
8. Major Chinese ATM Manufacturers
8.1 GRG Banking
8.1.1 Profile
8.1.2 Operating Performance
8.1.3 Revenue Structure
8.1.4 Gross Margin
8.1.5 R & D Expenditure
8.1.6 Orders
8.1.7 ATM Business
8.1.8Construction of Financial Outsourcing Service Platform Nationwide
8.1.9 Development Prospect
8.2 Shenzhen Yihua Computer
8.2.1 Profile
8.2.2 Production and Sales
8.2.3 Major Clients
8.2.4 ATM Business
8.2.5 Latest Technological Achievements
8.2.6 Future Technology Trends
8.3 Eastcom
8.3.1 Profile
8.3.2 Operating Performance
8.3.3 Revenue Structure
8.3.4 Gross Margin
8.3.5 R & D Expenditure
8.3.6 ATM Business
8.3.7 Development Prospect
8.4 KingTeller
8.4.1 Profile
8.4.2 Operating Performance
8.4.3 Revenue Structure
8.4.4 Gross Margin
8.4.5 R & D Expenditure
8.4.7 ATM Business
8.4.8 Development Prospect
8.4.9 KingTeller Increases Capital to ATM Production Subsidiaries
8.5 Cashway
8.5.1 Profile
8.5.2 ATM Business
8.5.3 Financial Service Outsourcing Business
8.5.4 Shareholding Reform and Pre-listing Tutoring
8.6.1 Profile
8.6.2 Operating Performance
8.6.3 Revenue Structure
8.6.4 Gross Margin
8.6.5 R & D Expenditure
8.6.6 ATM Main Products and Solutions
8.6.7 GRGBanking Indirectly Controls DCITS
8.6.8 Development Prospect

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