Cash and Coin Recycling System Market Report 2025

The cash and coin recycling system market size has grown strongly in recent years. It will grow from $2.56 billion in 2024 to $2.8 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period was driven by the rise in cash transactions in emerging economies, the expansion of retail and supermarket chains, increasing demand for enhanced cash security, the growth of banking networks, and a focus on reducing operational costs.

The cash and coin recycling system market size is expected to see strong growth in the next few years. It will grow to $3.94 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. In the forecast period, growth is expected to be fueled by the rising need for real-time cash inventory management, increased adoption of cash recycling in public transport systems, a growing emphasis on reducing reliance on cash-in-transit services, continued urbanization and commercial development, and heightened demand for 24/7 cash handling solutions. Key trends anticipated include product development initiatives, strategic partnerships, technological advancements, the integration of artificial intelligence and machine learning algorithms, and the incorporation of mobile payment system capabilities.

The increasing penetration of retail is expected to drive the growth of the cash and coin recycling system market. Retail involves selling products or services directly to consumers for personal use through physical stores or digital platforms. This growth in retail penetration is being fueled by rising internet and smartphone usage, which enables more consumers to conveniently shop online. Cash and coin recycling systems support retail operations by automating cash handling, reducing manual counting errors, and improving staff efficiency at the point of sale. For example, in July 2025, the Office for National Statistics, a UK-based government agency, reported that retail sales volumes in June 2025 increased by 0.9% compared to the previous month, representing a 1.7% rise from June of the previous year. As a result, the expansion of retail activity is contributing to the growth of the cash and coin recycling system market.

Companies in cash and coin recycling system market are introducing innovative solutions, such as Android embedded systems, to improve user interface capabilities, enable real-time transaction processing, and facilitate seamless integration with digital banking services. An Android embedded system integrates the Android operating system into dedicated hardware to perform specialized functions. For instance, in August 2024, Hitachi Payment Services, an India-based digital payment solutions provider, launched the HPDx-BU01, an Android-based cash recycling machine (CRM) that also functions as a digital banking unit. It offers services such as QR-based UPI cash withdrawals and deposits, account opening, credit card issuance, loans, and insurance. This solution combines the flexibility of the Android platform with the operational benefits of traditional cash recycling systems.

In August 2022, Sesami Cash Management Technologies, a Canada-based software company, acquired ARCA Tech Systems LLC for an undisclosed amount. This acquisition positioned Sesami as the only comprehensive, technology-enabled, end-to-end cash ecosystem service provider for both banking institutions and consumer enterprises. ARCA Tech Systems LLC, based in the US, manufactures teller cash and coin recyclers and provides cash technology solutions to the banking sector.

Major players in the cash and coin recycling system market are Fujitsu Limited, Toshiba Corporation, NCR Corporation, Diebold Nixdorf Incorporated, Glory Global Solutions (International) Limited, GRG Banking Equipment Co. Ltd., KEBA AG, Suzohapp Group B.V., Tidel Engineering L.P., Banktech (Pty) Ltd, Hitachi Channel Solutions Corp., HESS Cash Systems GmbH & Co. KG, Kisan Electronics Co. Ltd., Brian Cummins Group Pty Ltd, CIMA S.p.A., Socal Safe Company, CTS Cashpro S.p.A., CashPhenix LLC, CashDev S.A.S., and Gunnebo AB.

North America was the largest region in the cash and coin recycling system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in cash and coin recycling system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cash and coin recycling system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

A cash and coin recycling system is an automated solution designed to accept, validate, sort, store, and recirculate physical currency within a closed-loop setup. It streamlines cash management by securely processing both banknotes and coins, reducing manual handling, and minimizing the frequency of cash replenishment.

The core components of cash and coin recycling systems include hardware, software, and services. Hardware covers the physical machines and devices - such as note recyclers, coin sorters, and safes - used in the process. These systems can be deployed either on-premises or via cloud-based models and are applied across various sectors, including banking, retail, hospitality, transportation, and more. End-users include financial institutions, retailers, casinos, and other organizations that handle significant volumes of cash.

The cash and coin recycling system market research report is one of a series of new reports that provides cash and coin recycling system market statistics, including the cash and coin recycling system industry global market size, regional shares, competitors with the cash and coin recycling system market share, detailed cash and coin recycling system market segments, market trends, and opportunities, and any further data you may need to thrive in the cash and coin recycling system industry. This cash and coin recycling system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The cash and coin recycling system market consists of revenues earned by entities by providing services such as installation and deployment, maintenance and technical support, system integration, cash management and monitoring services, managed services, or outsourcing. The market value includes the value of related goods sold by the service provider or included within the service offering. The cash and coin recycling system market also includes sales of smart safes, cash deposit machines (CDMs), and teller cash recyclers (TCRs). Values in this market are ‘factory gate’ values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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