Currency Count Machine Market Report 2026

The currency count machine market size has grown strongly in recent years. It will grow from $1.5 billion in 2025 to $1.63 billion in 2026 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to growth of cash transactions, expansion of banking networks, demand for efficient cash management, increase in counterfeit currency circulation, retail sector growth.

The currency count machine market size is expected to see strong growth in the next few years. It will grow to $2.24 billion in 2030 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to continued cash usage in emerging markets, demand for faster cash processing, advancements in detection technologies, growth of hospitality sector, adoption of compact machines. Major trends in the forecast period include growing demand for accurate cash handling, increasing adoption of counterfeit detection features, rising use in retail and banking sectors, expansion of portable counting devices, integration of multi currency recognition.

The rise in cash transactions is expected to drive the growth of the currency counting machine market going forward. Cash transactions refer to payments made using physical currency, such as banknotes and coins, for the exchange of goods and services. The increase in cash transactions is primarily driven by limited access to digital payment infrastructure in rural and semi-urban areas, where people rely more heavily on physical cash for daily transactions. Currency counting machines support cash transactions by quickly and accurately counting money, reducing manual errors, saving time, and providing counterfeit detection for secure handling in high-volume environments. For instance, in December 2024, the British Retail Consortium (BRC), a UK-based retail trade association, reported that cash usage rose for the second consecutive year to 19.9% of transactions in 2023, up from 18.8% in 2022. Debit cards remained the most widely used payment method, accounting for 62% of transactions (66.7% by spending). Therefore, the rise in cash transactions is driving the growth of the currency counting machine market.

Major companies operating in the currency counting machine market are focusing on developing advanced solutions, such as UV detection with 30x higher resolution, to improve banknote authentication. UV detection with 30x higher resolution enhances the currency counting machine’s capability by enabling more precise counterfeit detection and accurate banknote sorting, increasing security and operational efficiency in cash-handling processes. For example, in August 2023, Giesecke+Devrient (G+D) GmbH, a Germany-based security technology company, launched the next-generation BPS M evo series, a high-performance banknote processing system featuring upgraded software, enhanced sensor evaluation, a new stacker module, and a modernized interface. This system uses “SensorFusion,” combining optical, ultraviolet, infrared, magnetic, and ultrasound sensors to deliver high-precision banknote classification, counterfeit detection, and automated sort/count processes. The optional stacker module allows notes to be deposited in reusable trays instead of traditional banding or wrapping, improving efficiency, security, and sustainability in cash center operations. The BPS M evo supports very high throughput, reduces manual handling, and enhances accuracy compared with legacy processing systems.

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 companies operating in the currency count machine market are Glory Ltd., Giesecke+Devrient GmbH, Godrej Enterprises Group, GRG Banking Equipment Co. Ltd., AccuBANKER, Magner International, Ribao Technology Co. Ltd., LAUREL BANK MACHINES CO. LTD., Cassida Corporation, Hyundai MIB International, Daito Co. Ltd., Bcash Electronics Co. Ltd., Amrotec, Nexbill Co. Ltd., Lidix Innovation Pvt. Ltd., Cosmo Information Technology, Kisan Electronics Co. Ltd., Maxsell, Opteva, Safescan, Paycoin Systems, CountSure Technologies.

North America was the largest region in the currency count machine market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the currency count machine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the currency count machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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