Report : Asia Pacific Sorting Cash Machine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Banknote Sorter and Coins Sorter) and Application (Bank, Supermarket, and Others)
Bank Segment to Dominate APAC sorting cash machine Market During 2021–2028
According to a new market research study on “APAC sorting cash machine Market to 2028 – COVID-19 Impact Analysis and Forecast by Type, Application, and Country” is expected to reach US$ 547.38 million by 2028 from US$ 392.67 million in 2021. The market is estimated to grow at a CAGR of 4.9% from 2021 to 2028. The report provides trends prevailing in the APAC sorting cash machine market along with the drivers and restraints pertaining to the market growth. Growing demand from different end-use industries and several benefits offered by cash sorting machines are the major factor driving the growth of the APAC sorting cash machine market. However, infiltration of digital transaction solutions hinders the growth of APAC sorting cash machine market.
The APAC sorting cash machine market is segmented based on type, application, and country. Based on type, the APAC sorting cash machine market is segmented into banknote sorter and coins sorter. The banknote sorter segment dominated the APAC sorting cash machine market in 2020. Based on application, the APAC sorting cash machine market is segmented into bank, supermarket, and others. The bank segment dominated the APAC sorting cash machine market in 2020. Based on country, the APAC sorting cash machine market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. The China segment dominated the APAC sorting cash machine market in 2020.
CUMMINS ALLISON; BCASH, ELECTRONICS CO; De La Rue PLC; Giesecke Devrient GmbH; GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED; GRG Banking; Toshiba Infrastructure Systems and Solutions Corporation; Kisan Electronics Co Ltd; and Laurel Bank Machines Co Ltd. are among the leading companies in the APAC sorting cash machine market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2022, De La Rue plc has entered into agreement with De La Rue Pension Trustee Limited (the “Trustee”) to bring forward an actuarial valuation of the De La Rue Pension Scheme.
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