The latest update of “Global Banknote Recycler Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Banknote Recycler Market.
Overview of the Banknote Recycler Market:
A banknote recycler is an automated machine that sorts banknotes into small denominations, enabling them to be recycled without the need for extra processing. This is a time-saving and efficient alternative to manually counting the notes. The note recycler is ideal for parking, retail, and ticketing applications that require maximum performance and uptime. In addition, it can accept up to four denominations and provide change in two to four denominations. The banknote recycler is designed to reduce labor costs. Its design allows for mixed denominations of banknotes, which is important for banks that use several currencies. This technology allows the device to store all denominations of one currency in a single unit, thereby reducing coin starvation and the need to maintain a high coin float level.
Drivers:
Growing demand from the BFSI (banking, financial services, and insurance) sector and retail outlets, where cash management is a critical issue, is expected to augment the growth of the global banknote recycler market during the forecast period. Furthermore, the rising demand for cash-handling solutions in banks to detect defective bills and redirect them to special recyclers is expected to further cushion the growth of the global banknote recycler market over the forecast period. For instance, in December 2021, KCB Uganda launched ATM Recycler machines across the banking halls of the country to automate the cash cycle and identify the validity of the banknotes.
Restraints:
The regular problems associated with software compatibility and errors are expected to limit the growth of the global banknote recycler market.
Regional Insights:
In geographic overview, North America has a commanding position in the global banknote recycler market on the heels of the increasing number of SMEs (small and medium enterprises) and rising investments in software-based solutions.
Another notable region is Asia Pacific, which is performing well in the global banknote recycler market due to high adoption across retail and ecommerce providers and a thriving SaaS (Software-as-a-Service) industry.
Competitive Landscape:
- Major companies contributing to the global banknote recycler market include Cash Phenix, Terumo, St. Jude Medical, Sorin, Medtronic, Boston Scientific, SUZOHAPP, MELLON GROUP OF COMPANIES, JCM Global, Innovative Technology, Currency Tech, and CI Tech Components.
- In September 2021, Yes Recycling, a plastic recycling firm, announced plans to build a 15,000 sq. ft. production facility in Scotland to focus on recycling banknotes and packaging films.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Banknote Recycler Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Banknote Recycler Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Boston Scientific
- Medtronic
- Sorin
- St. Jude Medical
- Terumo
- Cash Phenix
- CI Tech Components
- Currency Tech
- Innovative Technology
- JCM Global
- MELLON GROUP OF COMPANIES
- SUZOHAPP
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Banknote Recycler Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Stationary Type
- Portable Type
By Applications, the market is segmented into:
- Bank
- Transit Recharging Point
- Other
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Banknote Recycler Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Banknote Recycler Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Banknote Recycler Market
1.6.1 How the Covid-19 is Affecting the Banknote Recycler Market
1.6.1.1 Banknote Recycler Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Banknote Recycler Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Banknote Recycler Market Perspective (2015-2028)
2.2 Banknote Recycler Market Growth Trends by Regions
2.2.1 Banknote Recycler Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Banknote Recycler Market Historic Market Share by Regions (2015-2021)
2.2.3 Banknote Recycler Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Banknote Recycler Market Growth Strategy
2.3.6 Primary Interviews with Key Banknote Recycler Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Banknote Recycler Market Players by Market Size
3.1.1 Global Top Banknote Recycler Market Players by Revenue (2015-2021)
3.1.2 Global Banknote Recycler Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Banknote Recycler Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Banknote Recycler Market Concentration Ratio
3.2.1 Global Banknote Recycler Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Banknote Recycler Market Revenue in 2019
3.3 Banknote Recycler Market Key Players Head office and Area Served
3.4 Key Players Banknote Recycler Market Product Solution and Service
3.5 Date of entering into Banknote Recycler Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Banknote Recycler Market Historic Market Size by Type (2015-2021)
4.2 Global Banknote Recycler Market Forecasted Market Size by Type (2021-2028)
5 Banknote Recycler Market Breakdown Data by Application (2015-2028)
5.1 Global Banknote Recycler Market Size by Application (2015-2021)
5.2 Global Banknote Recycler Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Banknote Recycler Market Size (2015-2021)
6.2 Banknote Recycler Market Key Players in North America (2019-2021)
6.3 North America Banknote Recycler Market Size by Type (2015-2021)
6.4 North America Banknote Recycler Market Size by Application (2015-2021)
7 Europe
7.1 Europe Banknote Recycler Market Size (2015-2021)
7.2 Banknote Recycler Market Key Players in Europe (2019-2021)
7.3 Europe Banknote Recycler Market Size by Type (2015-2021)
7.4 Europe Banknote Recycler Market Size by Application (2015-2021)
8 China
8.1 China Banknote Recycler Market Size (2015-2021)
8.2 Banknote Recycler Market Key Players in China (2019-2021)
8.3 China Banknote Recycler Market Size by Type (2015-2021)
8.4 China Banknote Recycler Market Size by Application (2015-2021)
9 Japan
9.1 Japan Banknote Recycler Market Size (2015-2021)
9.2 Banknote Recycler Market Key Players in Japan (2019-2021)
9.3 Japan Banknote Recycler Market Size by Type (2015-2021)
9.4 Japan Banknote Recycler Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Banknote Recycler Market Size (2015-2021)
10.2 Banknote Recycler Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Banknote Recycler Market Size by Type (2015-2021)
10.4 Southeast Asia Banknote Recycler Market Size by Application (2015-2021)
11 India
11.1 India Banknote Recycler Market Size (2015-2021)
11.2 Banknote Recycler Market Key Players in India (2019-2021)
11.3 India Banknote Recycler Market Size by Type (2015-2021)
11.4 India Banknote Recycler Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Banknote Recycler Market Size (2015-2021)
12.2 Banknote Recycler Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Banknote Recycler Market Size by Type (2015-2021)
12.4 Central & South America Banknote Recycler Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Banknote Recycler Market Introduction
13.4 Banknote Recycler Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Banknote Recycler Market Key Market Segments
Table 2. Key Players Covered: Ranking by Banknote Recycler Market Revenue
Table 3. Ranking of Global Top Banknote Recycler Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Banknote Recycler Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Banknote Recycler Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Banknote Recycler Market Players to Combat Covid-19 Impact
Table 10. Global Banknote Recycler Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Banknote Recycler Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Banknote Recycler Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Banknote Recycler Market Share by Regions (2015-2021)
Table 14. Global Banknote Recycler Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Banknote Recycler Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Banknote Recycler Market Growth Strategy
Table 20. Main Points Interviewed from Key Banknote Recycler Market Players
Table 21. Global Banknote Recycler Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Banknote Recycler Market Share by Players (2015-2021)
Table 23. Global Top Banknote Recycler Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Banknote Recycler Market as of 2019)
Table 24. Global Banknote Recycler Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Banknote Recycler Market Product Solution and Service
Table 27. Date of entering into Banknote Recycler Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Banknote Recycler Market Size by Type (2015-2021) (Million US$)
Table 30. Global Banknote Recycler Market Size Share by Type (2015-2021)
Table 31. Global Banknote Recycler Market Revenue Market Share by Type (2021-2028)
Table 31. Global Banknote Recycler Market Size Share by Application (2015-2021)
Table 33. Global Banknote Recycler Market Size by Application (2015-2021) (Million US$)
Table 34. Global Banknote Recycler Market Size Share by Application (2021-2028)
Table 35. North America Key Players Banknote Recycler Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Banknote Recycler Market Share (2019-2021)
Table 37. North America Banknote Recycler Market Size by Type (2015-2021) (Million US$)
Table 38. North America Banknote Recycler Market Share by Type (2015-2021)
Table 39. North America Banknote Recycler Market Size by Application (2015-2021) (Million US$)
Table 40. North America Banknote Recycler Market Share by Application (2015-2021)
Table 41. Europe Key Players Banknote Recycler Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Banknote Recycler Market Share (2019-2021)
Table 43. Europe Banknote Recycler Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Banknote Recycler Market Share by Type (2015-2021)
Table 45. Europe Banknote Recycler Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Banknote Recycler Market Share by Application (2015-2021)
Table 47. China Key Players Banknote Recycler Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Banknote Recycler Market Share (2019-2021)
Table 49. China Banknote Recycler Market Size by Type (2015-2021) (Million US$)
Table 50. China Banknote Recycler Market Share by Type (2015-2021)
Table 51. China Banknote Recycler Market Size by Application (2015-2021) (Million US$)
Table 52. China Banknote Recycler Market Share by Application (2015-2021)
Table 53. Japan Key Players Banknote Recycler Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Banknote Recycler Market Share (2019-2021)
Table 55. Japan Banknote Recycler Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Banknote Recycler Market Share by Type (2015-2021)
Table 57. Japan Banknote Recycler Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Banknote Recycler Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Banknote Recycler Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Banknote Recycler Market Share (2019-2021)
Table 61. Southeast Asia Banknote Recycler Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Banknote Recycler Market Share by Type (2015-2021)
Table 63. Southeast Asia Banknote Recycler Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Banknote Recycler Market Share by Application (2015-2021)
Table 65. India Key Players Banknote Recycler Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Banknote Recycler Market Share (2019-2021)
Table 67. India Banknote Recycler Market Size by Type (2015-2021) (Million US$)
Table 68. India Banknote Recycler Market Share by Type (2015-2021)
Table 69. India Banknote Recycler Market Size by Application (2015-2021) (Million US$)
Table 70. India Banknote Recycler Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Banknote Recycler Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Banknote Recycler Market Share (2019-2021)
Table 73. Central & South America Banknote Recycler Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Banknote Recycler Market Share by Type (2015-2021)
Table 75. Central & South America Banknote Recycler Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Banknote Recycler Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Banknote Recycler Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Banknote Recycler Market Share by Type: 2021 VS 2028
Figure 2. Global Banknote Recycler Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Banknote Recycler Market Report Years Considered
Figure 8. Global Banknote Recycler Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Banknote Recycler Market Share by Regions: 2021 VS 2028
Figure 10. Global Banknote Recycler Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Banknote Recycler Market Share by Players in 2019
Figure 13. Global Top Banknote Recycler Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Banknote Recycler Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Banknote Recycler Market Revenue in 2019
Figure 15. North America Banknote Recycler Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Banknote Recycler Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Banknote Recycler Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Banknote Recycler Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Banknote Recycler Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Banknote Recycler Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Banknote Recycler Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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