Currency Count Machine Market Report 2025

The currency count machine market size has grown strongly in recent years. It will grow from $1.38 billion in 2024 to $1.5 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth observed during the historic period is driven by rising investments in banking infrastructure, an increase in ATM installations, a growing number of commercial banks, higher demand from casinos, and the expansion of banking services.

The currency count machine market size is expected to see strong growth in the next few years. It will grow to $2.07 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The projected growth during the forecast period is driven by the increasing circulation of counterfeit notes, rising demand for compact and multi currency machines, expanding government initiatives, growing demand for remote services, and the expansion of the gaming industry. Key trends expected in this period include advancements in portable currency count machines, development of smart currency count machines, integration into multifunctional banking devices, enhanced detection and sorting systems, and the adoption of AI powered technologies for counterfeit prevention.

The growing use of cash transactions is expected to drive the currency count machine market in the coming years. Cash transactions involve payments made with physical currency, such as banknotes and coins, for goods and services. This increase is largely driven by limited access to digital payment infrastructure in rural and semi urban areas, where people depend more on cash for daily transactions. Currency count machines support cash transactions by quickly and accurately counting money, reducing manual errors, saving time, and detecting counterfeit notes for secure handling in high volume environments. For example, in September 2023, UK Finance reported that the total number of cash transactions in the UK increased to 6.4 billion in 2022, up from 6 billion in 2021. Consequently, the rise in cash transactions is fueling growth in the currency count machine market.

Leading companies in the currency count machine market are developing advanced solutions such as contact image sensor based currency counting machines to improve counterfeit detection accuracy and enable faster, more reliable cash processing. CIS based currency counting machines use a contact image sensor for precise scanning, allowing accurate counting, denomination identification, and counterfeit detection through high resolution image capture. For example, in February 2022, Godrej Security Solutions, an India based integrated security solutions company, launched Valumatic. This machine sets a new industry standard by combining advanced denomination recognition with high precision counterfeit detection using contact image sensor technology. Valumatic includes features such as multi currency support, serial number capture, denomination wise value counting, ultraviolet, magnetic, infrared, or CIS based counterfeit detection, and firmware upgrade capability, making it ideal for cash intensive environments in BFSI, retail, and commercial sectors.

In July 2023, BS/2, a Lithuania based banking technology company, partnered with Magner International for an undisclosed amount. The partnership aims to expand global reach and enhance cash management solutions while allowing both companies to continue operating independently with their existing teams and client networks. Magner International is a US based manufacturer of currency counting machines.

Major players in the currency count machine market are Giesecke+Devrient GmbH, Glory Ltd., Godrej Enterprises Group, Shanghai Guao Electronic Technology Co. Ltd., Kisan Electronics Co. Ltd., Maxsell, AccuBANKER, Magner International, Ribao Technology Co. Ltd., LAUREL BANK MACHINES CO. LTD., Cassida Corporation, Hyundai MIB International, Daito Co. Ltd., Ambika Sewing Machine Co Private Limited, Bcash Electronics Co. Ltd., GRG Banking Equipment Co. Ltd., Amrotec, Nexbill Co. Ltd., Lidix Innovation Pvt. Ltd., Cosmo Information Technology.

North America was the largest region in the currency count machine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in currency count machine report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the currency count machine 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 swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the machinery sector by increasing costs for steel, hydraulic systems, and precision bearings critical components often imported from tariff-affected regions. Manufacturers of construction, agricultural, and industrial machinery now face squeezed margins, as many long-term contracts prevent immediate price adjustments. The uncertainty has also delayed investment in automation and smart machinery technologies, slowing productivity gains. To adapt, firms are accelerating local supplier development, redesigning products to use alternative materials, and leveraging predictive maintenance to extend equipment lifespans amid higher replacement costs.

A currency count machine is a specialized electronic device designed to quickly and accurately count coins or banknotes. It improves cash management by detecting counterfeit notes, sorting different denominations, and reducing human errors. The machine is essential for ensuring secure, precise, and efficient financial transactions across multiple sectors.

The primary types of currency count machines are desktop currency count machines and portable currency count machines. Desktop currency count machines are high speed, stationary devices built for accurate counting, sorting, and counterfeit detection in high cash environments. They employ various technologies, including optical recognition, magnetic recognition, and ultrasonic detection, and are used in applications such as banking, retail, security, hospitality, transportation, research, and consumer goods.

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

The currency count machine market consists of revenues earned by entities by providing services such as accurate cash counting, batching and stacking, and denomination sorting. The market value includes the value of related goods sold by the service provider or included within the service offering. The currency count machine market includes sales of accurate cash counting, batching, and stacking, and denomination sorting. 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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