Global Note Sorter
Market Report
2025
The global Note Sorter market size is USD 7826.6 million in 2024. The rise in cash-only establishments and the number of currency notes that are exchanged through them are expected to boost sales to USD 13413.41702 million by 2031, with a Compound Annual Growth Rate (CAGR) of 8.00% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Note Sorter market size will be USD 7826.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Note Sorter Market Sales Revenue | 121212 | $ 7826.6 | 121212 | 121212 | 121212 | 8% |
North America Note Sorter Market Sales Revenue | 121212 | $ 3130.64 | 121212 | 121212 | 121212 | 6.2% |
Mexico Note Sorter Market Sales Revenue | 121212 | $ 284.89 | 121212 | 121212 | 121212 | 6.7% |
Canada Note Sorter Market Sales Revenue | 121212 | $ 375.68 | 121212 | 121212 | 121212 | 7% |
United States Note Sorter Market Sales Revenue | 121212 | $ 2470.07 | 121212 | 121212 | 121212 | 6% |
Europe Note Sorter Market Sales Revenue | 121212 | $ 2347.98 | 121212 | 121212 | 121212 | 6.5% |
Italy Note Sorter Market Sales Revenue | 121212 | $ 201.93 | 121212 | 121212 | 121212 | 5.9% |
Germany Note Sorter Market Sales Revenue | 121212 | $ 464.9 | 121212 | 121212 | 121212 | 6.7% |
France Note Sorter Market Sales Revenue | 121212 | $ 216.01 | 121212 | 121212 | 121212 | 5.7% |
Spain Note Sorter Market Sales Revenue | 121212 | $ 192.53 | 121212 | 121212 | 121212 | 5.6% |
United Kingdom Note Sorter Market Sales Revenue | 121212 | $ 394.46 | 121212 | 121212 | 121212 | 7.3% |
Russia Note Sorter Market Sales Revenue | 121212 | $ 363.94 | 121212 | 121212 | 121212 | 5.5% |
Rest of Europe Note Sorter Market Sales Revenue | 121212 | $ 363.94 | 121212 | 121212 | 121212 | 5.2% |
Asia Pacific Note Sorter Market Sales Revenue | 121212 | $ 1800.12 | 121212 | 121212 | 121212 | 10% |
Korea Note Sorter Market Sales Revenue | 121212 | $ 180.01 | 121212 | 121212 | 121212 | 9.1% |
Japan Note Sorter Market Sales Revenue | 121212 | $ 248.42 | 121212 | 121212 | 121212 | 8.5% |
China Note Sorter Market Sales Revenue | 121212 | $ 810.05 | 121212 | 121212 | 121212 | 9.5% |
Australia Note Sorter Market Sales Revenue | 121212 | $ 93.61 | 121212 | 121212 | 121212 | 9.7% |
India Note Sorter Market Sales Revenue | 121212 | $ 216.01 | 121212 | 121212 | 121212 | 11.8% |
Rest of APAC Note Sorter Market Sales Revenue | 121212 | $ 127.81 | 121212 | 121212 | 121212 | 9.8% |
South America Note Sorter Market Sales Revenue | 121212 | $ 391.33 | 121212 | 121212 | 121212 | 7.4% |
Colombia Note Sorter Market Sales Revenue | 121212 | $ 34.83 | 121212 | 121212 | 121212 | 7.2% |
Argentina Note Sorter Market Sales Revenue | 121212 | $ 65.74 | 121212 | 121212 | 121212 | 8.3% |
Brazil Note Sorter Market Sales Revenue | 121212 | $ 167.49 | 121212 | 121212 | 121212 | 8% |
Chile Note Sorter Market Sales Revenue | 121212 | $ 28.18 | 121212 | 121212 | 121212 | 7.7% |
Peru Note Sorter Market Sales Revenue | 121212 | $ 32.09 | 121212 | 121212 | 121212 | 7.6% |
Rest of South America Note Sorter Market Sales Revenue | 121212 | $ 63 | 121212 | 121212 | 121212 | 6.5% |
Middle East and Africa Note Sorter Market Sales Revenue | 121212 | $ 156.53 | 121212 | 121212 | 121212 | 7.7% |
Egypt Note Sorter Market Sales Revenue | 121212 | $ 16.44 | 121212 | 121212 | 121212 | 8% |
Turkey Note Sorter Market Sales Revenue | 121212 | $ 13.46 | 121212 | 121212 | 121212 | 7.2% |
Rest of MEA Note Sorter Market Sales Revenue | 121212 | $ 18.47 | 121212 | 121212 | 121212 | 6.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Sorter type |
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Market Split by Device |
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Market Split by End-user |
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Market Split by Enterprise Size |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Note Sorter Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A note sorter is a device that efficiently sorts and bundles banknotes to streamline the cash management process. It offers more security, efficiency, and productivity and is convenient. It is extensively used in establishments that deal with big cash deposits, like banks, casinos, amusement parks, self-service kiosks, and transportation services. A modern, sophisticated, and dependable note sorter with integrated optical inspection and image processing technology to detect counterfeit currencies is being offered by a number of manufacturers these days. The need for easy note handling in emerging countries is growing, and note sorter machine usage in commercial banks and the retail sector is one of the main drivers propelling the worldwide note sorter market trends. Additionally, the note sorter market is growing due to the growing use of these machines by banks and other financial organizations. This may be attributed to their many advantages, including increased security and precision when counting currency and accuracy when accounting for it. For instance, in June 2022, the worldwide security technology group Giesecke+Devrient (G+D) announced that it had acquired Valid USA's payment and identification solutions division. As one of the biggest payment and identification markets in the world, G+D hopes to spur growth in the United States with this move. The increased company size will help G+D's clients in the face of ongoing supply chain difficulties that affect the whole sector. (Source: https://www.gi-de.com/en/group/press/press-releases/giesecke-devrient-acquires-valids-payment-and-identity-solutions-business-in-the-us )
With the expansion of commercial banks and the retail sector in developing nations, there will likely be a greater need for note sorters to be installed for the quick and easy processing of notes. In settings where cash is used often, such as the retail industry, note sorter machines are extremely necessary. The rise in demand for technologically advanced self-service machines and the proliferation of automated cash-handling goods are expected to augment the market potential in developing economies. Therefore, it is expected that these emerging countries with expanding bank populations will present a significant market for the producers of all the equipment that comprises the entire ecosystem of note machines. Furthermore, note sorter machines are becoming more and more popular in developing nations like China, India, and Japan because of their many benefits for the retail sector, which include automated cash counting services, faster cash counting procedures, and more accurate note computing.
The market for note sorters is anticipated to develop in the future due to the rising number of commercial banks. A commercial bank is a type of financial organization that provides services including overdraft protection, savings accounts, and loans to its clients. By imposing interest on the loans they make to clients, these banks generate revenue. Commercial banks use note sorters to verify the legitimacy and suitability of notes and to make note handling easier for cash. They assist in locating and classifying alleged fake currency. For instance, the number of worldwide commercial bank branches per 100,000 individuals increased from 10.7 banks in 2020 to 11.2 banks in 2021, according to World Bank Open Data, a US-based source of global development data. Furthermore, as of 2021, US commercial banks have roughly $18 trillion in total deposits. Thus, the market for note sorters is being driven by the rising expansion of commercial banks. (Source: https://databank.worldbank.org/metadataglossary/world-development-indicators/series/FB.CBK.BRCH.P5 )
The increasing inclination of customers towards digital and online transactions, including contactless payments, virtual currency, mobile wallets, and prepaid cards, is expected to limit the market's expansion. Furthermore, the increasing ubiquity of e-commerce and the cashless economy limit the market's growth. The key factor impeding the market's expansion is the determination of different developing-country governments to promote the adoption of a cashless society.
The global COVID-19 outbreak caused the economy to shift quickly. The necessity to limit in-person interactions and shutdowns contributed to an increase in demand for online and digital services. The pandemic-induced expansion of the e-commerce sector has accelerated the uptake of digital payment methods. Retailers are using these payment methods more and more because of how convenient they are. The market for note sorters is anticipated to grow more slowly as a result of the decline in cash transactions.
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The competitive landscape and the profiles of the leading companies in the global note sorter industry are shown. BCASH Electronics, De La Rue plc, Crane Payment Innovations (CPI) (Cummins Allison), Giesecke+Devrient GmbH, Glory Global Solutions Limited, and other leading companies are present in the note sorter market. In order to improve their market share and solidify their positions in the note sorter industry, these firms have implemented a variety of techniques. Major firms have made partnerships, acquisitions, and introduced new products as their main developmental strategies in an effort to expand their product offerings and establish a solid presence in the extended warranty market.
October 2023: Glory worked with Kinective to apply Glory's GLR-100, which includes cash recycling, to improve their operational security and efficiency. This technology reduces manual banknote counting time by up to 50% while increasing productivity, efficiency, and job satisfaction. Tellers can now give priority to cross-selling and client service as a result. (Source: https://www.businesswire.com/news/home/20231017547130/en/Glory-and-Kinective-Collaborate-to-Certify-Core-Integration-for-GLR-100-Teller-Cash-Recycler ) March 2023: The integrated kiosk ordering and cash payment processing solution from QikServe allows GLORY to improve operational efficiencies and reallocate labor into other operations. This allows customers to complete self-service and have several payment choices available at checkout. (Source: https://www.glory-global.com/en-us/news/2023/en-us/glory-partners-with-qikserve/ ) August 2022: Glory is pleased to present GLR-100, the first model in its new GLR line of Teller Cash Recycler (TCR) systems. Glory's portfolio is expanded by the new cassette-based recycling system with self-audit capabilities. It also helps retail financial institutions adapt to the shifting economics of branch banking and restructure their branch networks. (Source: https://www.glory-global.com/en-us/news/2022/en-us/glory-launches-next-generation-teller-cash-recyclers/ )
Top Companies Market Share in Note Sorter Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. In order to combat fake money, banks in this area are investing in enhancing their security systems. The region's supremacy has been aided by the enormous number of cash-based businesses there, as well as the volume of currency in circulation. The majority of the North American market for note sorters is anticipated to go to the United States. The increase in cash-based transactions for small-scale purchases and other commercial ventures in the nation is the reason for this.
Asia Pacific stands out as the fastest-growing region in the Note Sorter market. The BFSI industry in the area is increasingly using note sorters, which contributes to the region's rapid growth. It is anticipated that the region would increase as a result of the retail industry's increasing demand for note sorters. In the Asia Pacific market, China is anticipated to have the biggest share. The main drivers of the nation's growth are the increasing requirement for note counters to handle the nation's expanding banknote supply and the growing urgency of combating counterfeit cash.
The current report Scope analyzes Note Sorter Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Note Sorter market size was estimated at USD 7826.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3130.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
According to Cognitive Market Research, the global Note Sorter market size was estimated at USD 7826.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2347.98 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
According to Cognitive Market Research, the global Note Sorter market size was estimated at USD 7826.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1800.12 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
According to Cognitive Market Research, the global Note Sorter market size was estimated at USD 7826.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 391.33 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. .
According to Cognitive Market Research, the global Note Sorter market size was estimated at USD 7826.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 156.53 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031..
Global Note Sorter Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Note Sorter Industry growth. Note Sorter market has been segmented with the help of its Sorter type, Device End-user, and others. Note Sorter market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, small size stands out as the dominant category over the projected period. Small note sorters are used by a lot of small enterprises that deal with modest numbers of notes in transit. Over the course of the projected period, it is expected that the number of these devices—which have a 200-note processing capacity—will rise dramatically. Small-size note sorter machines can benefit banks and other organizations in a number of ways, such as by employing image processing to detect damaged notes, identifying coin serial numbers, offering multi-currency sorting services, and providing continuous money processing services.
Middle range emerges as the fastest-growing category in the Note Sorter market. Medium amounts of notes can be processed efficiently, consistently, and with ease using a medium-sized banknote sorter. For continuous feeding, these machines include a huge capacity hopper that can accommodate up to 500 bills. These gadgets are utilized by delivery services, restaurants, clothing retailers, convenience stores, and other establishments that handle cash. Banks and retail establishments can choose to sort and count their currency with this medium-sized note sorter machine. This technology has sophisticated and extensive banknote detection capabilities that help banks identify counterfeit money.
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According to Cognitive Market Research, the dominant category is discriminator because the business and banking sectors are increasingly in need of sophisticated counterfeit detection systems. Businesses and financial institutions are investing in discriminators that can precisely identify and segregate counterfeit notes in response to the growing threat of sophisticated counterfeit cash. This ensures operational security and integrity. The advancements in artificial intelligence and machine learning, which are increasing the precision and speed of these devices, are contributing to this category's rise.
The fastest-growing category in the Note Sorter market is banknote sorter. When handling huge amounts of cash, banknote sorters are used to organize the notes according to their denomination, orientation, and condition. The increasing use of these devices is being driven by the need to reduce human labor in cash handling procedures and increase operational efficiency. Furthermore, the incorporation of data management and reporting software solutions is adding value to banknote sorters and making them indispensable in high-traffic scenarios.
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According to Cognitive Market Research, the dominant category is banks driven by the rising need for solutions for effective cash management. Modern note sorting machines are being adopted by banks that handle large amounts of currency transactions on a daily basis in an effort to improve overall efficiency, decrease manual error rates, and streamline operations. Faster processing of currency notes is made possible by note sorters integrated with banks, which is crucial for handling big inflows and outflows of cash. Further driving market expansion in this category is banks' investment in high-end note sorters with counterfeit detection capabilities, which is encouraged by the increased emphasis on security and fraud detection.
The fastest-growing category in the Note Sorter market is Financial Institution. In the note sorter market, the Financial Institution category—which includes organizations like credit unions, insurance providers, and investment firms—is also anticipated to grow rapidly. Despite managing smaller amounts of currency than banks, these organizations are coming to understand how note sorting technology may improve accuracy and efficiency in their operations. Financial organizations have been using note sorters primarily to comply with regulations for cash handling and to verify the legitimacy of currency.
According to Cognitive Market Research, the dominant category is Large Enterprise. Large firms employ more than 1,000 people. Large enterprises have an increased need for note sorter machines due to the huge amount of cash transactions in these establishments. The use of note sorter machines has expanded in banking and fintech facilities due to the essential worry of human error in money counting and sorting.
The fastest-growing category in the Note Sorter market is Small and Medium-sized Enterprise. Small and medium-sized companies have less than 1,000 employees. The development of the economies of emerging nations is significantly influenced by small-company expansion. It is projected that SMEs will employ note sorters more frequently in the coming years in order to recognize, handle, and regulate different currencies. Note sorter machines are used by many SMEs in the banking and financial industries to automate time-consuming tasks, such as bundling large bundles of notes to eliminate the need for wasteful hand counting.
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Conclusion
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Sorter type | Small Size, Middle Range, Heavy Duty |
Device | Discriminator, Banknote Sorter |
End-user | Bank, Financial Institution, Cash-in-Transit (CIT), Retail, Casino |
Enterprise Size | Large Enterprise, Small and Medium-sized Enterprise |
List of Competitors | De La Rue plc, Glory Global Solutions, Kisan Electronics, GRG Banking, Hitachi Terminal Solutions, Toshiba Infrastructure Systems & Solutions Corporation, Cummins Allison Corp, BCASH Electronics Co, DoublePower, Laurel Bank Machines Co, Ltd, Masterwork Automodules, Giesecke+Devrient GmbH, Julong Europe GmbH |
This chapter will help you gain GLOBAL Market Analysis of Note Sorter. Further deep in this chapter, you will be able to review Global Note Sorter Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Note Sorter. Further deep in this chapter, you will be able to review North America Note Sorter Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Note Sorter. Further deep in this chapter, you will be able to review Europe Note Sorter Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Note Sorter. Further deep in this chapter, you will be able to review Asia Pacific Note Sorter Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Note Sorter. Further deep in this chapter, you will be able to review South America Note Sorter Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Note Sorter. Further deep in this chapter, you will be able to review Middle East and Africa Note Sorter Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Note Sorter. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Sorter type Analysis 2019 -2031, will provide market size split by Sorter type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Sorter type Analysis 2021 - 2033
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Chapter 11 Market Split by Device Analysis 2021 - 2033
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Chapter 12 Market Split by End-user Analysis 2021 - 2033
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Chapter 13 Market Split by Enterprise Size Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Note Sorter market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Small Size have a significant impact on Note Sorter market? |
What are the key factors affecting the Small Size and Middle Range of Note Sorter Market? |
What is the CAGR/Growth Rate of Discriminator during the forecast period? |
By type, which segment accounted for largest share of the global Note Sorter Market? |
Which region is expected to dominate the global Note Sorter Market within the forecast period? |
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