SafeMars News
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2024
May / 13- Coin Sorter Market to See Major Growth Driven by Tech Advances and Efficiency Gains
- May 13, 2024 at 05:03 pm
- The global coin sorter market is projected to reach USD 9.0 Billion by 2032, exhibiting an 8.2% CAGR from 2023 to 2032. The increasing need for automated coin handling, integration with self-service kiosks, and the growth of vending machines fuel market expansion. Medium-sized coin sorters dominate the market, while banks remain the leading application segment due to their high volume of cash transactions. North America holds the largest market share, with the United States being a significant contributor. Technological advancements such as machine learning and computer vision enhance coin sorter accuracy and expand their applicability in various global markets.
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