Note Sorter Market Report 2025 (Global Edition)

Global Note Sorter Market Report 2025 Market Size Split by Sorter type (Small Size, Middle Range, Heavy Duty), by Device (Discriminator, Banknote Sorter), by End-user (Bank, Financial Institution, Cas...

Note Sorter Market Report Description

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Note Sorter Market Insights Video

Competitive Landscape of the Note Sorter Market

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)

• 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
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Note Sorter Market

Which Region Dominates the Note Sorter Market in 2024?

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.

Which Region is Expanding at the Fastest CAGR?

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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Note Sorter Market Analysis

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 US had a major share in the Note Sorter market with a market size of USD 2470.07 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period as a result of large investments made by companies and financial institutions.
• The Canada Note Sorter market had a market share of USD 375.68 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. A solid basis for market expansion is created by the well-established banking and financial services industry (BFSI) and the rising demand for sophisticated cash handling systems.
• The Mexico Note Sorter market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 284.89 million in 2024.

Europe Note Sorter Market Analysis

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.

• The United Kingdom Note Sorter market had a market share of USD 394.46 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period due to a number of factors, including rising per capita income, quick industrialization, the expansion of the BSFI industry, unexplored market potential presented by developing nations, and—most significantly—an increase in banknote counterfeiting incidents in this nation.
• The France Note Sorter market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 216.01 million in 2024.
• According to Cognitive Market Research, the German Note Sorter market size was valued at USD 464.90 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period attributed to the nation's thriving BFSI industry, cutting-edge technology solutions for cast handling systems, and the existence of major market players.
• The Italy Note Sorter market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 201.93 million in 2024.
• The Russia Note Sorter market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 363.94 million in 2024.
• The Spain Note Sorter market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 192.53 million in 2024
• The Luxembourg Note Sorter market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 72.79 million in 2024.
• The Portugal Note Sorter market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 49.31 million in 2024.
• The Greece Note Sorter market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 28.18 million in 2024.
• Rest of Europe's Note Sorter market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 363.94 million in 2024.

Asia Pacific Note Sorter Market Analysis

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 China Note Sorter market size was valued at USD 810.05 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period due to substantial investments made by businesses and financial organizations.
• The Japan Note Sorter market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 248.42 million in 2024.
• The India Note Sorter market had a market share of USD 216.01 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. The established banking and financial services industry (BFSI) and the growing need for advanced cash handling systems provide a strong foundation for market expansion.
• The South Korean Note Sorter market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 180.01 million in 2024.
• The Australian Note Sorter market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 93.61 million in 2024.
• The South East Asia Note Sorter market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 124.21 million in 2024.
• The Rest of Asia Pacific Note Sorter market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 127.81 million in 2024.

South America Note Sorter Market Analysis

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 Brazil Note Sorter market size was valued at USD 167.49 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period as a result of several elements, such as growing per capita income, rapid industrialization, the growth of the BSFI sector, the untapped market potential offered by developing countries, and—most importantly—a rise in banknote counterfeiting events in this country.
• Argentina's Note Sorter market had a market share of USD 65.74 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period due to the presence of significant market participants, the country's booming BFSI industry, and state-of-the-art technological solutions for cast handling systems.
• Colombia Note Sorter market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 34.83 million in 2024.
• Peru Note Sorter market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 32.09 million in 2024.
• Chile Note Sorter market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 28.18 million in 2024.
• The Rest of Latin America's Note Sorter market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 63.00 million in 2024.

Middle East Note Sorter Market Analysis

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..

• The GCC Countries Note Sorter market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 67.00 million in 2024 as a result of large investments made by financial institutions and enterprises.
• The Egypt Note Sorter market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 16.44 million in 2024.
• The South Africa Note Sorter market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 24.73 million in 2024 because of the large number of market players, the nation's thriving BFSI sector, and cutting-edge cast handling system technological solutions.
• The Turkey Note Sorter market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 13.46 million in 2024.
• The Nigeria Note Sorter market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 16.44 million in 2024.
• The Rest of MEA Note Sorter market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 18.47 million in 2024.

Note Sorter Market Analysis

Note Sorter Market Sorter Type Segment Analysis

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.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Note Sorter Industry. Request a Free Sample PDF!

Note Sorter Market Device Segment Analysis

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.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Note Sorter End-user Segment Analysis

Note Sorter Market End-user Segment Analysis

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.

• Bank
• Financial Institution
• Cash-in-Transit (CIT)
• Retail
• Casino

Note Sorter Enterprise Size Segment Analysis

Note Sorter Market Enterprise Size Segment Analysis

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.

• Large Enterprise
• Small and Medium-sized Enterprise

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

Author's Conclusion