Global Cash Sorting Machine Market Insights, Size, and Forecast By End Use (Commercial, Industrial, Financial Institutions), By Operation Mode (Automatic, Semi-Automatic), By Application (Banking, Retail, Transport and Logistics, Government, Gaming), By Product Type (Coin Sorters, Note Sorters, Mixed Sorters), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Key Companies, Competitive Analysis, Trends, and Projections for 2026-2035
Key Market Insights
Global Cash Sorting Machine Market is projected to grow from USD 9.8 Billion in 2025 to USD 15.2 Billion by 2035, reflecting a compound annual growth rate of 4.7% from 2026 through 2035. Cash sorting machines are sophisticated devices designed to efficiently count, authenticate, and sort banknotes based on denomination, fitness, and authenticity. This market encompasses a range of solutions from compact desktop sorters to large-scale, high-speed modular systems utilized across various sectors. The primary drivers propelling market expansion include the increasing demand for automation in cash handling processes, driven by the need for enhanced accuracy, reduced labor costs, and improved security against counterfeit currency. The global rise in cash transactions, particularly in developing economies, coupled with stricter regulatory compliance requirements for financial institutions, further fuels the adoption of these machines. Additionally, technological advancements such as artificial intelligence and machine learning integration for advanced counterfeit detection and predictive maintenance are shaping the market landscape. However, the initial high capital investment associated with acquiring and maintaining these machines, alongside the growing shift towards digital payment methods in certain regions, presents notable restraints to market growth.
Global Cash Sorting Machine Market Value (USD Billion) Analysis, 2025-2035
2025 - 2035
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A significant trend observed in the Global Cash Sorting Machine Market is the increasing integration of advanced features like multi-currency processing, serial number capturing, and seamless connectivity with back-office systems for comprehensive data analytics. There is also a growing emphasis on user-friendly interfaces and modular designs that allow for scalability and customization based on evolving operational needs. Opportunities abound in emerging markets with underdeveloped cash infrastructure and a high volume of cash transactions, presenting a substantial untapped customer base. Furthermore, the development of subscription-based models or 'as-a-service' offerings for cash sorting machines could mitigate upfront costs and accelerate adoption, particularly among smaller businesses. The Banking sector stands as the leading segment, consistently investing in state-of-the-art cash sorting solutions to manage vast quantities of currency, ensure regulatory compliance, and optimize operational efficiency in branches and cash centers.
Asia Pacific dominates the global market, primarily due to its large population, high volume of cash transactions, and rapid economic growth driving significant investments in banking infrastructure and retail expansion. This region is also the fastest-growing market, propelled by increasing financial inclusion initiatives, the continued reliance on cash in many economies, and the expanding presence of both local and international financial institutions. Key players such as CPI, Triton, and SBM Technology are actively pursuing strategies focused on product innovation, expanding their distribution networks in high-growth regions, and forming strategic partnerships to offer integrated cash management solutions. Companies like Loomis and G4S, specializing in cash logistics, are also playing a crucial role by leveraging cash sorting technology to enhance their service offerings. The competitive landscape is characterized by continuous research and development efforts aimed at improving machine intelligence, speed, and counterfeit detection capabilities, alongside efforts to provide comprehensive after-sales support and service.
Quick Stats
Market Size (2025):
USD 9.8 BillionProjected Market Size (2035):
USD 15.2 BillionLeading Segment:
Banking (42.8% Share)Dominant Region (2025):
Asia Pacific (38.2% Share)CAGR (2026-2035):
4.7%
What is Cash Sorting Machine?
A cash sorting machine automates the processing of banknotes, distinguishing between different denominations and fitness levels. It identifies worn, torn, or counterfeit currency, separating unfit notes for destruction while stacking usable ones. This technology significantly enhances efficiency and accuracy in cash handling for banks, casinos, and retail businesses. By reducing manual effort and human error, it streamlines cash management, improves security, and ensures only high-quality notes reenter circulation. Its core function is rapid, automated authentication and categorization of physical cash, revolutionizing how large volumes of currency are handled and maintained within financial ecosystems.
What are the Trends in Global Cash Sorting Machine Market
AI Powered Counterfeit Detection Evolution
Modular Design For Customization Demand
Software Integration Beyond Basic Sorting
Sustainable Practices In Cash Handling
IOT Enhanced Predictive Maintenance
AI Powered Counterfeit Detection Evolution
Global cash sorting machines are undergoing a significant transformation due to advancements in AI powered counterfeit detection. Previously, these machines relied on rule based algorithms and preprogrammed parameters to identify fake currency, often struggling with new and sophisticated counterfeits. The trend now is towards integrating deep learning and machine vision capabilities. AI algorithms are trained on vast datasets of both genuine and counterfeit currency, learning to identify subtle deviations in paper quality, security threads, watermarks, and printing inconsistencies that human eyes or older systems might miss. This allows machines to autonomously adapt to evolving counterfeit techniques, continuously improving detection accuracy and reducing false positives. The evolution means faster, more reliable, and future proof counterfeit detection within the cash processing ecosystem.
Modular Design For Customization Demand
The global cash sorting machine market is experiencing a significant shift towards modular design, driven by a growing demand for customization. Financial institutions, faced with evolving currency specifications, varied processing volumes, and the need to integrate with diverse existing systems, are actively seeking solutions that offer adaptability. Modular components allow banks and other cash handling entities to select specific functions such as counterfeit detection, denomination recognition, fitness sorting, or strapping modules, tailoring machines to their precise operational requirements. This approach avoids the inefficiency and cost of purchasing oversized or functionally limited monolithic machines. It also facilitates easier upgrades and maintenance, as individual modules can be replaced or enhanced without overhauling the entire system, ensuring future proofing and operational flexibility in a dynamic cash processing landscape.
What are the Key Drivers Shaping the Global Cash Sorting Machine Market
Rising Demand for Cash Automation & Efficiency Across Sectors
Growing Need for Counterfeit Detection and Security Enhancement
Expansion of Retail, Banking, and Casino Industries in Emerging Economies
Technological Advancements in Image Processing and AI for Cash Handling
Increasing Focus on Operational Cost Reduction and Error Minimization
Rising Demand for Cash Automation & Efficiency Across Sectors
Businesses and financial institutions globally are facing increasing pressure to optimize cash handling processes. This surge in demand stems from a need to reduce operational costs associated with manual counting and sorting, minimize human error, and enhance overall efficiency. As transaction volumes grow, both banks and retailers are seeking automated solutions to accelerate cash processing, detect counterfeit currency more effectively, and improve cash flow management. The pursuit of greater accuracy, security, and speed in cash operations is driving the adoption of cash sorting machines across diverse sectors, including banking, retail, and transportation, all aiming for streamlined workflows and enhanced productivity.
Growing Need for Counterfeit Detection and Security Enhancement
The increasing prevalence of counterfeit currency and the sophisticated methods employed by counterfeiters are driving a significant demand for advanced cash sorting machines. Financial institutions and businesses worldwide face substantial losses due to fraudulent banknotes, necessitating robust detection capabilities. This growing need for security enhancement extends beyond mere detection to include authenticating various denominations and currencies, identifying suspect notes, and ensuring compliance with anti money laundering regulations. Modern cash sorters offer enhanced sensors and software that accurately identify counterfeits, significantly improving operational security and reducing financial risk. This imperative for accurate and rapid counterfeit detection, coupled with the desire for improved security protocols, is a key factor propelling the expansion of the global cash sorting machine market.
Expansion of Retail, Banking, and Casino Industries in Emerging Economies
The growth of retail, banking, and casino industries in emerging economies directly fuels the global cash sorting machine market. As these economies develop, consumer spending increases, leading to a proliferation of supermarkets, convenience stores, and specialized retail outlets. Banks expand their branch networks to serve this growing population and facilitate business transactions. Concurrently, the entertainment sector, particularly casinos and integrated resorts, expands to cater to rising disposable incomes. All these institutions process significant volumes of cash daily. Manual sorting is inefficient, time-consuming, and prone to errors and fraud. Cash sorting machines automate this process, enhancing accuracy, speed, and security for high volume cash handling. This expansion therefore creates a fundamental need for robust and efficient cash processing infrastructure, driving demand for these machines.
Global Cash Sorting Machine Market Restraints
High Initial Investment and Maintenance Costs
High initial investment and maintenance costs significantly restrict the Global Cash Sorting Machine Market. Acquiring these advanced machines demands substantial capital outlay, deterring many small and medium sized businesses from adopting them. The technology involved, including sophisticated sensors and software, contributes to this elevated price point. Beyond the initial purchase, the machines require regular servicing, parts replacement, and software updates to ensure accuracy and longevity. These ongoing maintenance expenses further burden businesses, increasing their operational costs. The specialized nature of the components and the technical expertise needed for repairs often translate to higher service fees. This combined financial pressure makes it difficult for potential buyers to justify the investment, slowing market penetration and adoption rates globally.
Lack of Awareness and Reluctance to Adopt Automation in Emerging Economies
Emerging economies often face a significant hurdle in embracing automation for cash sorting. This restraint stems from a dual challenge: a pervasive lack of awareness regarding the transformative benefits of automated cash handling, coupled with a deep-seated reluctance to adopt new technologies. Many financial institutions and cash intensive businesses in these regions operate with traditional manual processes, unaware of the efficiency gains, error reduction, and enhanced security that automated cash sorting machines offer. The perceived high initial investment and a lack of understanding of the long term return on investment further contribute to this reluctance, hindering market penetration and slowing the natural transition towards modern cash management solutions in these potentially lucrative markets.
Global Cash Sorting Machine Market Opportunities
Streamlining Cash Operations: Unlocking Efficiency and Cost Savings for Diverse Businesses
The opportunity Streamlining Cash Operations involves empowering diverse businesses to overcome inefficiencies inherent in manual cash handling. Retailers, banks, casinos, and transit operators globally face challenges like slow processing, human errors, and security risks. Cash sorting machines present a crucial solution, automating the counting, authentication, and sorting of banknotes with unparalleled speed and accuracy. This automation dramatically unlocks operational efficiency by freeing up valuable staff time, reducing labor costs, and minimizing financial discrepancies. Furthermore, enhanced data collection and audit trails bolster security and compliance, mitigating fraud and loss. The rapid economic expansion and modernizing financial landscapes in regions such as Asia Pacific are fueling an immense demand for these technological upgrades. Businesses there, from bustling urban markets to expanding rural economies, are eager to adopt advanced tools that optimize their cash management workflows. This creates a significant market for cash sorting machine providers to deliver transformative efficiency and substantial cost savings across a multitude of sectors.
Advanced Security & Compliance: Addressing Counterfeit Threats and Evolving Regulatory Needs
The global cash sorting machine market offers a crucial opportunity in enhancing advanced security and compliance functionalities. Financial institutions globally, particularly within rapidly developing regions, confront increasingly sophisticated counterfeit threats. This mandates a new generation of cash sorting machines equipped with state of the art detection technologies, featuring enhanced sensor arrays and intelligent recognition algorithms capable of identifying even the most intricate fakes.
Simultaneously, the regulatory environment is continuously evolving. Central banks and financial authorities are implementing stricter anti money laundering and counter terrorist financing protocols. This fuels demand for machines that accurately count, authenticate, and provide comprehensive audit trails, denomination breakdowns, and serial number capturing capabilities compliant with these new mandates. Machines offering seamless integration with bank reporting systems for regulatory adherence will achieve a competitive advantage. This strategic pivot towards intelligent, compliant sorting solutions creates a robust pathway for innovation and market expansion.
Global Cash Sorting Machine Market Segmentation Analysis
Key Market Segments
By Application
- •Banking
- •Retail
- •Transport and Logistics
- •Government
- •Gaming
By Product Type
- •Coin Sorters
- •Note Sorters
- •Mixed Sorters
By End Use
- •Commercial
- •Industrial
- •Financial Institutions
By Operation Mode
- •Automatic
- •Semi-Automatic
Segment Share By Application
Share, By Application, 2025 (%)
- Banking
- Retail
- Transport and Logistics
- Gaming
- Government
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Why is Banking dominating the Global Cash Sorting Machine Market?
The banking sector leads significantly in the application of cash sorting machines due to its intrinsic need for high volume, accurate, and secure cash processing. Financial institutions handle vast quantities of banknotes and coins daily, requiring efficient solutions for counting, authenticating, denominating, and sorting currency for deposits, withdrawals, and inter branch transfers. The stringent regulatory requirements and the need to minimize human error and fraud also drive the high adoption rate within banks, making them the largest consumer of these advanced systems.
Which product types are most critical for cash handling efficiency?
Within the product type segment, note sorters and mixed sorters are particularly critical for enhancing overall cash handling efficiency across diverse applications. Note sorters are essential for high speed processing of banknotes, including counterfeit detection and fitness sorting, which is vital for banks and large retailers. Mixed sorters offer versatility by handling both notes and coins simultaneously, providing comprehensive solutions for businesses with varied cash flows, thereby streamlining operations and reducing manual effort in cash management tasks.
How does operation mode influence market adoption?
The operation mode significantly influences market adoption, with automatic cash sorting machines increasingly preferred across commercial and financial institutions. Automatic sorters offer superior speed, accuracy, and reduced labor requirements compared to semi automatic models, making them ideal for high volume environments like financial institutions and large retail chains. Their ability to process large batches of currency with minimal human intervention not only boosts operational efficiency but also enhances security and reduces the potential for human error, aligning with modern business demands for automated solutions.
What Regulatory and Policy Factors Shape the Global Cash Sorting Machine Market
The global cash sorting machine market operates within a complex web of financial regulations primarily driven by anti money laundering AML and counter terrorist financing CTF initiatives. Central banks worldwide dictate strict currency fitness standards, mandating advanced counterfeit detection and authentication capabilities in these machines to ensure integrity of circulating cash. Compliance with these national and international financial crime prevention policies is paramount, influencing machine design, software updates, and operational protocols. Data privacy regulations, such as GDPR and CCPA, indirectly impact data logging and storage features, especially when machines integrate with banking systems handling transactional data. Furthermore, evolving national currency exchange policies and the push for greater financial inclusion in developing economies shape demand and require machines to adapt to diverse currency denominations and security features. Adherence to these varying global and regional mandates ensures market access and drives continuous technological innovation in the sector.
What New Technologies are Shaping Global Cash Sorting Machine Market?
The Global Cash Sorting Machine Market is rapidly evolving with significant technological advancements. Artificial intelligence and machine learning are paramount, delivering superior counterfeit detection accuracy and predictive maintenance capabilities, ensuring operational uptime and reduced manual oversight. Internet of Things integration transforms cash management by enabling real time data analytics, remote monitoring, and seamless connection with banking infrastructure and retail systems. Advanced sensor technologies, including multispectral imaging and ultrasonic detection, further enhance note authentication and fitness sorting, accommodating diverse global currencies with improved precision. Modular designs and enhanced software integration offer greater customization and efficiency, while robotic automation is increasingly used for high volume processing, streamlining cash logistics. These innovations collectively boost efficiency, security, and the overall intelligence of cash handling operations.
Global Cash Sorting Machine Market Regional Analysis
Global Cash Sorting Machine Market
Trends, by Region
Asia-Pacific Market
Revenue Share, 2025
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Dominant Region
Asia Pacific · 38.2% share
Asia Pacific dominates the global cash sorting machine market, holding a substantial 38.2% market share. This dominance stems from the region's burgeoning economies and rapid urbanization, particularly in emerging markets like India and Southeast Asia. The widespread adoption of advanced banking technologies and a strong emphasis on financial inclusion initiatives contribute significantly. Increased transaction volumes, coupled with the need for enhanced efficiency and accuracy in cash handling within banking, retail, and hospitality sectors, further propel demand. Governments across the region are also implementing stricter anti money laundering regulations, necessitating sophisticated cash sorting solutions. The growing preference for automated systems to reduce manual labor and improve operational throughput solidifies Asia Pacific's leading position.
Fastest Growing Region
Asia Pacific · 7.9% CAGR
Asia Pacific is projected to be the fastest growing region in the Global Cash Sorting Machine Market, registering an impressive CAGR of 7.9% during the forecast period of 2026 to 2035. This accelerated growth is primarily fueled by rapid economic development across emerging nations in the region. Increasing automation in banking and retail sectors, coupled with a surge in cash transactions, drives demand for efficient cash handling solutions. Furthermore, government initiatives promoting digital transformation and the expansion of financial inclusion programs contribute significantly to the adoption of cash sorting machines. The rising need for enhanced security and accuracy in cash management by financial institutions and large retailers further propels this remarkable regional expansion.
Top Countries Overview
The U.S. plays a pivotal role in the global cash sorting machine market, driven by its expansive financial sector and retail industry. High labor costs and demand for efficiency fuel adoption of advanced sorting technologies. Domestic manufacturers and international players compete fiercely, innovating to meet evolving security and speed requirements. The market here often sets trends for global development.
China's role in the Global Cash Sorting Machine Market is multifaceted. It's a key manufacturing hub, producing machines for domestic and international markets. Rapid modernization drives internal demand for efficient cash handling. Chinese brands increasingly compete globally, though established international players still dominate higher-end segments. The market balances domestic innovation with reliance on foreign technologies, adapting to evolving financial landscapes and digital payment trends.
India is a crucial component in the global cash sorting machine market, experiencing robust demand driven by financial inclusion initiatives and a large population. Domestic manufacturing is expanding, although imports still play a significant role. The market benefits from ongoing currency management needs, bank modernization, and the increasing push for automation in cash handling, positioning India as a key growth driver in the global landscape.
Impact of Geopolitical and Macroeconomic Factors
Geopolitical tensions and rising interest rates significantly influence the global cash sorting machine market. Geopolitical instability often drives demand for physical cash as a store of value, particularly in emerging economies experiencing currency volatility or sanctions. This necessitates more efficient cash processing solutions. Simultaneously, heightened regulatory scrutiny regarding anti money laundering AML and countering the financing of terrorism CFT in politically sensitive regions pushes financial institutions and central banks to invest in advanced sorting machines with enhanced counterfeit detection and serial number tracking capabilities.
Macroeconomic factors further shape market dynamics. Persistent inflation in many regions encourages individuals and businesses to hold less physical cash in bank accounts, but it also necessitates efficient processing of the cash still in circulation. Developed economies with robust digital payment infrastructures still rely on cash for specific transactions, and the need for efficient cash handling remains. Developing nations, with lower rates of financial inclusion and higher reliance on cash transactions, present significant growth opportunities, particularly as their economies expand and the volume of cash in circulation increases.
Recent Developments
- March 2025
CPI (Crane Payment Innovations) announced a strategic partnership with a major European financial institution to integrate their latest high-speed cash sorting machines into the institution's branch network. This collaboration aims to enhance operational efficiency and reduce manual cash handling errors across hundreds of locations.
- January 2025
SBM Technology launched its new 'QuantumSort 500' series, featuring advanced AI-driven counterfeit detection and automated denomination recognition. This product is designed to cater to the increasing demand for secure and efficient cash processing solutions in emerging markets.
- November 2024
Triton completed the acquisition of 'SecureCash Solutions,' a leading software provider specializing in cash management and reconciliation platforms. This acquisition will allow Triton to offer a more comprehensive, integrated hardware and software solution to its global client base.
- February 2025
G4S expanded its 'Cash 360' service offering in Asia, incorporating advanced cash sorting and processing machines from CINEO. This initiative focuses on providing end-to-end secure cash logistics and management for large retail chains and financial institutions in the region.
- April 2025
Wintriss Engineering announced a breakthrough in material science for their cash sorting machines, introducing a new durable polymer for critical sorting components that significantly extends machine lifespan and reduces maintenance costs. This innovation is expected to set a new industry standard for reliability and longevity.
Key Players Analysis
The Global Cash Sorting Machine market sees key players like CPI and Crane Payment Innovations leading with their advanced sorting and validation technologies, crucial for currency processing efficiency and accuracy. Triton and CINEO focus on integrated banking solutions, expanding their presence through strategic partnerships and enhancing software capabilities. SBM Technology and Talaris are recognized for their high volume capacity machines and robust security features, meeting the growing demand for counterfeit detection. Loomis and G4S, while primarily cash management service providers, influence the market through their adoption of sophisticated sorting machines, driving demand for innovative and reliable equipment across financial institutions and retail sectors. Wintriss Engineering's specialized sorting solutions and CIT Group's financing options also contribute to market dynamics by facilitating access to and deployment of these essential machines.
List of Key Companies:
- CPI
- Triton
- CIT Group
- Wintriss Engineering
- SBM Technology
- Loomis
- G4S
- CINEO
- Talaris
- Crane Payment Innovations
- Nixdorf
- Giesecke+Devrient
- KUKA
- Glory Global Solutions
- Diebold Nixdorf
Report Scope and Segmentation
| Report Component | Description |
|---|---|
| Market Size (2025) | USD 9.8 Billion |
| Forecast Value (2035) | USD 15.2 Billion |
| CAGR (2026-2035) | 4.7% |
| Base Year | 2025 |
| Historical Period | 2020-2025 |
| Forecast Period | 2026-2035 |
| Segments Covered |
|
| Regional Analysis |
|
Table of Contents:
List of Figures
List of Tables
Table 1: Global Cash Sorting Machine Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 2: Global Cash Sorting Machine Market Revenue (USD billion) Forecast, by Product Type, 2020-2035
Table 3: Global Cash Sorting Machine Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 4: Global Cash Sorting Machine Market Revenue (USD billion) Forecast, by Operation Mode, 2020-2035
Table 5: Global Cash Sorting Machine Market Revenue (USD billion) Forecast, by Region, 2020-2035
Table 6: North America Cash Sorting Machine Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 7: North America Cash Sorting Machine Market Revenue (USD billion) Forecast, by Product Type, 2020-2035
Table 8: North America Cash Sorting Machine Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 9: North America Cash Sorting Machine Market Revenue (USD billion) Forecast, by Operation Mode, 2020-2035
Table 10: North America Cash Sorting Machine Market Revenue (USD billion) Forecast, by Country, 2020-2035
Table 11: Europe Cash Sorting Machine Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 12: Europe Cash Sorting Machine Market Revenue (USD billion) Forecast, by Product Type, 2020-2035
Table 13: Europe Cash Sorting Machine Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 14: Europe Cash Sorting Machine Market Revenue (USD billion) Forecast, by Operation Mode, 2020-2035
Table 15: Europe Cash Sorting Machine Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 16: Asia Pacific Cash Sorting Machine Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 17: Asia Pacific Cash Sorting Machine Market Revenue (USD billion) Forecast, by Product Type, 2020-2035
Table 18: Asia Pacific Cash Sorting Machine Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 19: Asia Pacific Cash Sorting Machine Market Revenue (USD billion) Forecast, by Operation Mode, 2020-2035
Table 20: Asia Pacific Cash Sorting Machine Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 21: Latin America Cash Sorting Machine Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 22: Latin America Cash Sorting Machine Market Revenue (USD billion) Forecast, by Product Type, 2020-2035
Table 23: Latin America Cash Sorting Machine Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 24: Latin America Cash Sorting Machine Market Revenue (USD billion) Forecast, by Operation Mode, 2020-2035
Table 25: Latin America Cash Sorting Machine Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 26: Middle East & Africa Cash Sorting Machine Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 27: Middle East & Africa Cash Sorting Machine Market Revenue (USD billion) Forecast, by Product Type, 2020-2035
Table 28: Middle East & Africa Cash Sorting Machine Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 29: Middle East & Africa Cash Sorting Machine Market Revenue (USD billion) Forecast, by Operation Mode, 2020-2035
Table 30: Middle East & Africa Cash Sorting Machine Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035