The global coin sorter market size was US$ 4,521 million in 2021. The global coin sorter market is forecast to grow to US$ 7,901.20 million by 2030 by growing at a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2022 to 2030.

Factors Influencing the Market

The growing number of banks, retail stores, and commercial units will primarily drive the global coin sorter market forward. In addition, the rising demand for self-serving machines in order to save time and human effort will fuel the growth of the global coin sorter market during the analysis period.

The growing number of automated cash handling products and demand for self-service machines will escalate the growth of the global coin sorter market. In addition, coin sorter machines are lightweight, easily adjustable, and convenient. Thus, the global coin sorter market will grow at a substantial growth rate.

The growing shift towards digital transaction solutions may limit the growth of the global coin sorter market. On the contrary, the growing number of launches related to advanced technological features will offer ample growth opportunities for the market.

COVID-19 Impact Analysis

The coin sorter market witnessed significant loss due to the COVID-19 outbreak. During the pandemic, retail stores were forced to shut their doors on a temporary basis. Even medical and confectionary shops were allowed to operate for a limited time. As a result, it hampered the growth of the coin sorter market. In addition, the majority of the population adopted online payment methods to promote cashless deliveries. Prominent online stores also eliminated the cash-on-delivery services in order to curb the spread of the virus. Thus, it hampered the coin sorter market.

Manufacturers in the industry witnessed several challenges. Due to the pandemic, manufacturing companies had to halt their operations to comply with the stringent government regulations. Thus, it hampered overall supply chain flow. Furthermore, banks and fintech industries also began offering enhanced online payments options, which further impacted the growth of the coin sorter industry during the crisis.

Regional Analysis

The Asia-Pacific coin sorter market is forecast to grow at the highest growth rate. The growth of the market is attributed to the growing number of retail stores and the presence of emerging economies. In addition, the region is still witnessing a high demand for cash-on-delivery orders. Thus, it is contributing to the growth of the coin sorter market.

Competitors in the Market

Giesecke & Devrient
Glory Global Solutions Limited
Laurel
Delarue
Baija Baiter
Royal Sovereign
Cummins Allison
Suzhou Ribao Technology Co., Ltd.
BCash
CT Coin
Other Prominent Players
Market Segmentation

The global coin sorter market segmentation focuses on Type, Application, and Region.

Based on the type, the coin sorter market has been segmented into

Small Type
Mid Type
Large Type
Based on the applications, the coin sorter market has been segmented into

Bank
Retailing
Other
Based on the region, the coin sorter market has been segmented into

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America