Coin Counting Machine Market Expected To Register CAGR of 3.54% over 2016-2020

Date: 2016-09-11

For sake of convenience, in recent years, the market for self-service coin counting machines has increased significantly around the world. U.S. retailers and banks have witnessed relentless consumer demand for a convenient method to dispose of the more than $7 billion dollars worth of loose coin estimated by the U.S. Mint to be stored in piggy banks, cans and bottles as well as billions per year from recurring daily coin transactions. The existing installed base of nearly 13,000 coin counting machines in the U.S. are candidates for replacement with newer equipment and tens of thousands of additional retail and bank locations are also well suited for these machines.

According to research, the global Coin Counting Machine market is expected to register CAGR of 3.54% over 2016-2020, the North America stay the largest market across world followed by Europe, and the ACPC is expected to grow at a highest growth rate as the many emerging market where low per capita income people use coins more frequently daily, those counties such as China, India, and the other southeast counties like Thailand, Vietnam, Philippine, Malaysia and so on.    

Coin Counting Machine or Coin sorters are machines designed to automate the process of sorting coins according to their denominations. Most coin sorters have a coin counting capability which means they count the coins, and then sort them accordingly. With regard to the counting aspect, most of them are capable of giving grand totals, and some of them go further giving subtotals (for the different denominations counted and sorted). Some of the products in this category include, Cassida Coin Sorters, Magner Coin Sorters, Billcon Coin Sorters, Accubanker Mixed Coin Sorter, Amrotec Coin Sorter and Semacon Coin Sorters.

Coin Counting Machine market share by region as following:


Read Full Report:

Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 001-510-400-8520


Contact With Us
Join templatemonster at google+
Customized Research
Request Sample