Currency Sorter Market Report 2025 (Global Edition)

Global Currency Sorter Market Report 2025 Market Size Split by Product (Note Counter, Coin Counter), by Size (Small-Sized Note Sorter, Medium-Sized Note Sorter, Large-Sized Note Sorter), by Enterpris...

Currency Sorter Market Report Description

We have various report editions of Currency Sorter Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Currency Sorter Market

Strategic initiatives including product developments, alliances, and mergers are implemented by key actors. Prioritizing R&D helps businesses develop innovative reagents and maintain a competitive edge. Sturdy distribution networks and a commitment to quality standards boost market presence and create an atmosphere where innovation and adaptability characterize industry leaders.

Recent Developments in the Currency Sorter Market

• Giesecke+Devrient and Netcetera formed a partnership on September 25, 2020, to use portfolio synergies, bolstering Netcetera's innovative capabilities, and exploring opportunities for worldwide expansion.
• GLORY introduced its next-generation Teller Cash Recyclers in August 2022.

Source- https://www.glory-global.com/en-us/news/2022/en-us/glory-launches-next-generation-teller-cash-recyclers/#:~:text=Lisle%2C%20Illinois%2030%20August%202022,)%20solutions%2C%20GLR%2D100. 

• In June 2022, Valid USA's payment and identification solutions division was acquired by Giesecke+Devrient (G+D), a worldwide security technology organization. As one of the biggest payment and identification markets in the world, G+D hopes to spur growth in the United States with this move. The increased company size will help G+D's clients in the face of ongoing supply chain difficulties that affect the whole sector.

 

Top Companies Market Share in Currency Sorter Industry: (In no particular order of Rank)

• Bcash Electronics Co
• Cummins-Allison Corp.
• De La Rue Plc
• Giesecke+Devrient GmbH
• Glory Global Solutions (International) Limited
• Grgbanking
• Julong Europe GmbH
• Kisan Electronics
• Laurel Bank Machines Co.LTD
• Toshiba Infrastructure Systems & Solutions Corporation
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Asia-Pacific is expected to hold the greatest market share over the projected period due to the large number of market players in the region and the growing awareness of note sorter machines in the retail and hospitality industries. The end-use industries operating in this region have a high potential and contribute to strong market demand because of the need for automated cash handling and the growth of businesses that are heavily dependent on cash. Companies are spending a lot of money to introduce innovative products to the market. The emergence of smart cities and the technical integration of smart gadgets present a huge opportunity for the Asia-Pacific note sorter market. Furthermore, it is expected that the growth of the retail industry will quicken the expansion of the market. 

In the global note sorter market, North America is anticipated to grow at a fast CAGR during the forecast period. North America is one of the major markets for automated cash handling in the globe because of the growing availability of retail outlets, which spurred the market's expansion in this region. Over the course of the projection period, improvements in sorting technologies are expected to drive technological developments and development in the R&D industry. Growth in the retail industry will continue to have a major impact on the note-sorter market. The need for note-sorting machines to manage end-of-day deposits that retail enterprises in the non-banking sector generate through cash payments is driven by the considerable cash flow. 
 

The current report Scope analyzes Currency Sorter Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Currency Sorter Market Analysis

Which Product Segment accounted for the largest market share in 2023?

The note sorter accounted for the largest market share in 2023. The note sorter and coin sorter segments of the global market are divided based on the product. Over the course of the projection period, the note sorter is anticipated to dominate the market. One kind of currency sorting device designed to handle and process paper money is called a note sorter. Other names for it include note sorter, bill counter/sorter, and banknote sorter. Banknotes can be efficiently sorted, authenticated, and counted with note sorters. They are a vital part of the business of money sorters. Note sorters are primarily used for counting, sorting, and verifying paper currency. They have the speed and accuracy to manage big sums of money. Note sorters are designed to help businesses and financial organizations handle currency more securely and efficiently. 

• Note Counter

• Coin Counter
   

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Currency Sorter Industry. Request a Free Sample PDF!

Which Size segment leads the Currency Sorter Market in terms of revenue share?

The market is led by the small-sized note sorter segment. Small note sorters are used by a lot of small enterprises that deal with modest numbers of notes in transit. Throughout the projected period, it is expected that the number of these devices—which typically have a 200-note processing capacity—will rise dramatically. Small-size note sorter machines can benefit banks and other organizations in several ways, such as by employing image processing to detect damaged notes, identifying coin serial numbers, providing multi-currency sorting services, and providing continuous money processing services. End users have been adopting small-size note sorters more frequently because of the ever-changing infrastructure requirements for handling money, their expanded application areas, the rise in the number of facilities with environments that require a lot of cash, and the growing acceptance of end-of-the-day deposit management solutions that allow for a reduction in time spent counting money, cash touch points, and administrative costs.

Medium-sized banknote sorters are capable of handling medium note volumes consistently, efficiently, and smoothly. These machines have a big-capacity hopper that can handle up to 500 bills for continuous feeding. Convenience stores, clothing stores, restaurants, delivery services, and other companies handling money employ these devices. The medium-sized note sorter machine has choices for counting and sorting currency for banks and retail establishments. It has sophisticated and thorough banknote identification technology that helps banks identify counterfeit money. Its design also incorporates optical character recognition and double-contact image scanning, which allow stores to identify damaged notes. 

• Small-Sized Note Sorter
• Medium-Sized Note Sorter
• Large-Sized Note Sorter
   

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Currency Sorter Enterprises Size Segment Analysis

Over the course of the projected period, the big enterprise category is anticipated to have the largest market share. Large firms are those that employ more than 1,000 people. Large enterprises have an increased need for note sorter machines due to the huge amount of cash transactions in these establishments. The use of note sorter machines has expanded in banking and fintech facilities due to the essential worry of human error in money counting and sorting. 

Small and medium-sized companies have less than 1,000 employees. The development of the economies of emerging nations is significantly influenced by small-company expansion. It is projected that SMEs will employ note sorters more frequently in the coming years to recognize, handle, and regulate different currencies. Note sorter machines are used by many SMEs in the banking and financial industries to automate time-consuming tasks, such as bundling large bundles of notes to eliminate the need for wasteful hand counting. It also prevents errors like improper note counting and section sorting. For this reason, it's quick and easy to arrange financial activities with a note sorter. Furthermore, several small and medium-sized enterprises (SMEs) are utilizing small note-sorting machines to expedite procedures and enhance customer satisfaction, hence generating lucrative prospects for market expansion. 
 

• Large Enterprises
• Small and Medium Enterprises (SMEs)

Currency Sorter End User Segment Analysis

The market's largest contributor, the BFSI category, is anticipated to lead the currency sorter market throughout the projected period. These industries are among the biggest users of note-sorting machines because of the increase in fake notes in the banking and insurance sectors and the resulting need to expedite the money-counting procedure in banks. Note-sorting machines have become increasingly common in banks and other financial institutions because of their various benefits, which include less time spent counting money, a lower risk of counterfeit fraud because bills are authenticated, a lower rate of cross-human error, and more. Since banks employ note-sorting machines to swiftly and almost eliminate mistakes in the detection, validation, and assessment of currency notes, the business is expanding. 
Retail is the sale of final goods or services to customers via a variety of distribution channels. The retail industry benefits from the note sorter machine's assistance in accurately counting several bundles at product-selling sites, leading to market expansion. Note-sorting machines reduce the amount of time required to manually process currency, increasing efficiency and removing the possibility of human error. With the expansion of the retail sector in emerging nations, there will likely be a greater need for note sorters to facilitate simple and hassle-free handling of currency. Major players in this industry are also introducing technologically advanced products, which creates numerous opportunities for market growth. 
 

• BFSI
• Retail
• Others

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

Author's Conclusion