Global Currency Counting Machine Market 2017-2021 - Product Image

Global Currency Counting Machine Market 2017-2021

  • ID: 4332708
  • Report
  • Region: Global
  • 66 pages
  • TechNavio
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FEATURED COMPANIES

  • BILLCON
  • Cummins-Allison
  • Giesecke & Devrient
  • Glory Global Solutions
  • GRGBanking
  • Julong
  • MORE
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.

The 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
The 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 drivers
  • Increase in fake currency
  • For a full, detailed list, view the full report
Market challenges
  • Increased number of card transactions
  • For a full, detailed list, view the full report
Market trends
  • Growing need for weight-based currency counting machines
  • For a full, detailed list, view the full 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?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BILLCON
  • Cummins-Allison
  • Giesecke & Devrient
  • Glory Global Solutions
  • GRGBanking
  • Julong
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Overview of currency ecosystem

PART 06: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 07: Market segmentation by end-user
  • Market overview
  • Global currency counting machine market in BFSI sector
  • Global currency counting machine market in retail sector
  • Global currency counting machine market in commercial sector
PART 08: Geographical segmentation
  • Market overview
  • Currency counting machine market in APAC
  • Currency counting machine market in Americas
  • Currency counting machine market in EMEA
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Market challenges
PART 11: Market trends
  • Growing need for weight-based currency counting machines
  • Increasing use of multi-currency forex cards
  • Digitization of payments
PART 12: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 13: Key vendor analysis
  • Giesecke & Devrient
  • Glory Global Solutions
  • Cummins-Allison
PART 14: Appendix
  • List of abbreviation
List of Exhibits
Exhibit 01: Anti-counterfeiting measures used on banknotes
Exhibit 02: Types of economies
Exhibit 03: Important cash-based economies of world
Exhibit 04: Important cashless countries in world
Exhibit 05: Comparison between cash, immediate payment methods, and cheque
Exhibit 06: Global currency counting machine market: Overview
Exhibit 07: Global currency counting machine market 2016-2021 ($ millions)
Exhibit 08: Five forces analysis
Exhibit 09: Global currency counting machine market by end-user (% share)
Exhibit 10: Global currency counting machine market by end-user 2016-2021 ($ millions)
Exhibit 11: Global currency counting machine market in BFSI sector 2016-2021 ($ millions)
Exhibit 12: Global currency counting machine market in retail sector 2016-2021 ($ millions)
Exhibit 13: Global currency counting machine market in commercial sector 2016-2021 ($ millions)
Exhibit 14: Global currency counting machine market by geography 2016-2021 (% share)
Exhibit 15: Global currency counting machine market by geography 2016-2021 ($ millions)
Exhibit 16: Currency counting machine market in APAC 2016-2021 ($ millions)
Exhibit 17: Currency counting machine market in Americas 2016-2021 ($ millions)
Exhibit 18: Currency counting machine market in EMEA 2016-2021 ($ millions)
Exhibit 19: Comparison of commercial branches in APAC countries per 100,000 adults (number of commercial bank branches)
Exhibit 20: Payment transaction methods used by consumers globally 2016 (% share)
Exhibit 21: Payment transaction methods used by consumers globally 2021 (% share)
Exhibit 22: Other prominent vendors
Exhibit 23: Cummins-Allison: Products
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BILLCON
  • Cummins-Allison
  • Giesecke & Devrient
  • Glory Global Solutions
  • GRGBanking
  • Julong
  • MORE
New Report Released: – Global Currency Counting Machine Market 2017-2021

The author of the report 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 the research 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.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Giesecke & Devrient
  • Glory Global Solutions
  • Cummins-Allison
  • BILLCON
  • GRGBanking
  • Guangdong Baijia Baiter Industry
  • Julong
  • Kisan Electronics
  • LAUREL BANK MACHINES
  • Maxsell
  • Royal Sovereign
  • Shenzhen Best Machinery Electronics
Note: Product cover images may vary from those shown
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The methodology is available for download below.
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Note: Product cover images may vary from those shown
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