Coin Sorter Market 2024-2028: Size and Increased number of card transactions; growth driven by the Type, Some of key Companies Positioned Strategically

The coin sorter market size by Type (Small size coin sorter, Medium size coin sorter, and Large size coin sorter) and Geography (APAC, North America, Europe, South America, and Middle East and Africa), is forecast to increase by USD 1328.6 million. The market is expected to grow at a CAGR of   7.08% between 2024 and 2028.

• The shift towards cashless transactions, driven by the widespread use of debit and credit cards, has significantly impacted the coin sorter market. In 2023, over half of all global payment transactions were processed via cards. This trend is particularly prominent in retail and hospitality sectors, where consumers prefer the convenience of card payments. Consequently, banks and merchants have invested heavily in cashless technology, which is expected to hinder the growth of the global coin sorter machine market during the forecast period. The expansion of the retail e-commerce industry, fueled by online payments, further reinforces this trend.
• In the dynamic business landscape of automated coin sorting systems, the Coin Sorter Market represents a significant growth opportunity. This sector caters to businesses seeking efficient and accurate coin handling solutions. Market trends indicate a surge in demand for advanced technologies, such as AI and machine learning, to enhance sorting capabilities and streamline operations. Companies investing in this market can reap substantial rewards through increased productivity, cost savings, and improved customer experience.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• Arihant Maxsell Technologies Pvt. Ltd.
• BCASH ELECTRONICS CO. LTD.
• Crane Holdings Co.
• CTcoin AS
• De La Rue PLC
• Giesecke Devrient GmbH
• Glory Ltd.
• GRGBanking
• Hilton Trading Corp.
• International Business Machines Corp.
• Julong Co. Ltd.
• KLOPP Coin Inc.
• Nadex Coins
• Royalsovereign
• Safescan BV
• Semacon Business Machines Inc.
• Suzhou Ribao Technology Co. Ltd.
• SUZOHAPP
• TaskFile
• Teachers Choice

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