Coin Sorter Market Insights

Global Coin Sorter Market size was valued at USD 2.6 Billion in 2023 and is poised to grow from USD 2.7 Billion in 2024 to USD 4.1 Billion

The global Coin Sorter market size is expected to reach USD 2.6 billion in 2023 and is projected to grow from USD 2.7 billion in 2024 to USD 4.1 billion by 2032, exhibiting a CAGR of 5.3% during the forecast period.

Coin sorters are used by banks, retail chains, amusement parks, casinos, and vending machine operators to sort and count coins. They are also used by businesses that accept a high volume of cash, such as laundromats and parking garages.

The market is segmented by product type, capacity, end user, and region. By product type, the market is segmented into standalone coin sorters, countertop coin sorters, and portable coin sorters. By capacity, the market is segmented into small capacity (up to 1000 coins), medium capacity (1000-5000 coins), and large capacity (over 5000 coins). Based on end user, the market is segmented into retail stores, financial institutions, vending companies, casinos, and others. By region, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

The major players in the global coin sorter market are focusing on technological advancements and expanding their geographical footprint. Companies like Glory Global Solutions and Cummins Allison are investing heavily in upgrading their products to create coin sorting machines that are efficient, accurate, and durable. For instance, Glory has introduced the "Glory 6000" series, a coin sorter with advanced imaging technology for superior sorting accuracy, specifically designed for the banking and retail sectors seeking solutions for speed and volume. These companies are also expanding their international presence in promising markets like India and China, which have robust retail and banking industries.

Some of the key players in the market include Glory Global Solutions, Cummins Allison, HI-TECH LOGISTICS, and TOKI.

The coin sorter market is expected to continue to grow in the coming years as businesses increasingly seek out ways to automate their cash handling tasks. The demand for coin sorters is expected to be particularly strong in emerging markets, where the cash economy is still prevalent.

The global coin sorter market size is expected to reach USD 2.6 billion in 2023 and is projected to grow from USD 2.7 billion in 2024 to USD 4.1 billion by 2032, exhibiting a CAGR of 5.3% during the forecast period.

Coin sorters are used by banks, retail chains, amusement parks, casinos, and vending machine operators to sort and count coins. They are also used by businesses that accept a high volume of cash, such as laundromats and parking garages.

The market is segmented by product type, capacity, end user, and region. By product type, the market is segmented into standalone coin sorters, countertop coin sorters, and portable coin sorters. By capacity, the market is segmented into small capacity (up to 1000 coins), medium capacity (1000-5000 coins), and large capacity (over 5000 coins). Based on end user, the market is segmented into retail stores, financial institutions, vending companies, casinos, and others. By region, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

The major players in the global coin sorter market are focusing on technological advancements and expanding their geographical footprint. Companies like Glory Global Solutions and Cummins Allison are investing heavily in upgrading their products to create coin sorting machines that are efficient, accurate, and durable. For instance, Glory has introduced the "Glory 6000" series, a coin sorter with advanced imaging technology for superior sorting accuracy, specifically designed for the banking and retail sectors seeking solutions for speed and volume. These companies are also expanding their international presence in promising markets like India and China, which have robust retail and banking industries.

Some of the key players in the market include Glory Global Solutions, Cummins Allison, HI-TECH LOGISTICS, and TOKI.

The coin sorter market is expected to continue to grow in the coming years as businesses increasingly seek out ways to automate their cash handling tasks. The demand for coin sorters is expected to be particularly strong in emerging markets, where the cash economy is still prevalent.