Currency Counting Machines Market
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Global <strong>Currency</strong> <strong>Counting</strong><br />
<strong>Machines</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2016-2026<br />
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Report Description<br />
<strong>Currency</strong> <strong>Counting</strong> <strong>Machines</strong> are machines that aids in counting money, either loose coin<br />
collections or stacks of banknotes. These machines are available either as completely<br />
mechanical machines or completely electronic machines. The currency counting machine<br />
was first discovered in China in 1958 by a small time banker, Zhi Tian Sie. <strong>Currency</strong><br />
counting machines, provides a total count of all the currency, and also counts specific<br />
batch sizes for storage and wrapping.<br />
<strong>Currency</strong> counting machines finds application in a number of places such as banks,<br />
colleges, schools, hospitals, and business organizations, etc. have large amounts of<br />
currency to be handled and thus requires incorporation of currency counting machines<br />
for precise tallying of the money. The cash is put inside on to the machine which then<br />
counts numerous money folds in just a few seconds. Similarly, these machines also count<br />
coins and identify coin types according to their respective weights.<br />
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Global <strong>Currency</strong> <strong>Counting</strong> <strong>Machines</strong> <strong>Market</strong> Dynamics:<br />
The market for currency counting machines is anticipated to be driven by a number of<br />
factors such as increasing number of fake currency production globally, time-saving<br />
potential of the currency counting machines, rising consumer awareness regarding fake<br />
note detection, and various governmental regulations regarding placement of currency<br />
counting machines in places such as banks. Furthermore, rising demand for currency
Report Description<br />
counting machines in various business & financial organizations and retail stores is<br />
expected to drive market growth. However, factors such as requirement of continuous<br />
power supply, high machine cost, and requirement of human interpretation to operate<br />
the machines, etc. are expected to hinder the growth of the global currency counting<br />
machines market over the forecast period.<br />
Global <strong>Currency</strong> <strong>Counting</strong> <strong>Machines</strong> <strong>Market</strong> Segmentation:<br />
The global currency counting machines market is segmented on the basis of types, range,<br />
application and region. On the basis of types, the global currency counting machines<br />
market is segmented into loose note counting machines, bundle note counting machines<br />
and desktop model. On the basis of Range, the global currency counting machines are<br />
segmented into basic note counter, hi speed heavy duty cash counting and intelligent<br />
counting cum counterfeit detection machines. The global currency counting machines<br />
market is also segmented on the basis of application such as banks and financial<br />
institutions, business houses, hospitals, schools & colleges, airports, jewelers, retail<br />
outlets and showroom, hotels & restaurants and others.<br />
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Global <strong>Currency</strong> <strong>Counting</strong> <strong>Machines</strong> <strong>Market</strong>: Regional Outlook<br />
Geographically, the currency counting machines industry can be divided by major regions<br />
which include North America, Latin America, Western Europe, Eastern Europe, Asian-<br />
Pacific Excluding Japan (APEJ), Japan, and Middle-East & Africa (MEA). The currency
Report Description<br />
counting machines market is projected to witness a considerable growth in CAGR from<br />
2016 to 2026.<br />
Currently, North America and Western Europe are the matured market for currency<br />
counting machines. However, Asia-Pacific, and MEA are expected to become lucrative<br />
regional market for key players operating in the currency counting machines market. FMI<br />
forecasts, the market in Asia-Pacific region is expected to grow at fastest CAGR over the<br />
forecast period.<br />
Global <strong>Currency</strong> <strong>Counting</strong> <strong>Machines</strong> <strong>Market</strong> Players<br />
The key players identified across the value chain of global currency counting machines<br />
market include Maxsells, Web Sec Systems, Godrej, Mycica, Cannon Electronic Systems,<br />
RDS Group, Ktron Systems, Prompt Automation and many others. The global currency<br />
counting machines market is highly fragmented with a large number of local/small-scale<br />
manufacturers operating across the globe. Major companies are focused on new<br />
product development in order to maintain the competitive advantage in global currency<br />
counting machines market during the forecast period.<br />
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