Cash Sorting Machines Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Automatic, Semi-Automatic, Manual) By Product (Note, Coin, Combined Systems) By Technology (UV/IR, AI-Based, Optical, Weight) By Application (Banking, Retail, Gaming, CIT, Government) By End User (Financial Institutions, Retail, CIT, Hospitality, Public Sector) and Region Forecast 2020-2031

Cash Sorting Machines Market size was valued at US$ 4,186.7 million in 2024 and is projected to reach US$ 7,459.0 million by 2031 at a CAGR of 8.6% from 2025-2031. Cash sorting machines are automated systems that count, authenticate, and separate currency notes and coins for banks, retailers, casinos, and other cash-intensive businesses.

The market is propelled by a global shift toward automation in cash handling to enhance accuracy, security, and operational efficiency. Rising volumes of cash transactions in retail, banking, and gaming sectors demand solutions that minimize manual labor and human error. Enhanced compliance requirements for counterfeit detection, currency fitness, and audit traceability further support adoption. Technological leaps especially AI-enhanced recognition and multi-layer authentication are boosting system reliability.

However, high initial investments and ongoing maintenance costs can deter smaller operators. Additionally, a gradual decline in cash usage in developed economies, driven by digital payment adoption, poses a long-term restraint. Still, emerging economies and sectors like cash-in-transit, hospitality, and government demand durable sorting machines with high throughput and advanced security features, keeping the market healthy and evolving.

Facts & Figures

• Sorting Speed: High-end note sorting machines can process over 1,200 to 1,500 notes per minute, while advanced coin sorters can handle up to 2,000 coins per minute, depending on denomination and model.
• Error Reduction: Automated cash sorters reduce counting and authentication errors by up to 98% compared to manual handling, significantly enhancing reconciliation accuracy and security.
• Labor Savings: Use of cash sorting machines in bank back offices or retail chains can cut cash processing time by up to 60–70%, and reduce labor costs by 25–40% over time.
• Counterfeit Detection: Most modern machines offer multi-layer detection, including UV, IR, magnetic ink, and image recognition, achieving a detection accuracy of over 99.9% in controlled conditions.

Key Developments

• In June 2025, Glory Global Solutions introduced its next-gen high-speed cash sorting solution for central banks, featuring AI-powered counterfeit detection and smart diagnostics for predictive maintenance, with processing speeds exceeding 25 notes per second.
• In May 2025, Giesecke+Devrient expanded its compact modular sorting machine portfolio with enhanced remote monitoring, customizable stacker configurations, and multi-currency support tailored for Southeast Asian markets.
• In April 2025, Toshiba partnered with a leading Indian bank to deploy AI-integrated desktop sorters capable of cross-verifying multiple security layers in real time, with cloud synchronization for centralized oversight.
• In March 2025, Cummins Allison released a new range of dual-mode coin and note sorting kiosks for North American retailers, featuring self-cleaning modules and ergonomic design optimized for high footfall environments.

Cash Sorting Machines Market Segmentation

Based on the type

• Automatic Cash Sorting Machines
• Semi-Automatic Sorting Machines
• Manual Sorting Systems

Automatic cash sorting machines are widely adopted due to their ability to handle large volumes of currency with minimal human intervention. These systems are designed to sort, authenticate, and separate notes or coins by denomination, fitness, and authenticity—all at high speeds. They’re commonly used in central banks, CIT hubs, large retail chains, and casinos. Features often include advanced counterfeit detection using UV, IR, and magnetic sensors, multi-currency capability, and cloud connectivity for real-time monitoring. These machines significantly reduce processing time and labor costs, offering quick ROI for institutions with heavy cash flow. Their modular designs and stacker flexibility also allow for high customization based on operational needs, making them ideal for scaling businesses.

Based on the product

• Note Sorting Machines
• Coin Sorting Machines
• Combined Sorting Systems

Coin sorting machines play a vital role in environments where high volumes of loose coins are handled, such as vending machine operators, transport services, amusement parks, and coin-based laundromats. These machines can identify, count, and separate coins by denomination and size, reducing the need for manual handling and improving operational efficiency. Advanced models offer counterfeit detection using weight, diameter, and metal composition sensors. Some are portable and compact, while industrial-grade versions are integrated with coin wrappers or baggers for bulk operations. In many retail chains, coin sorters complement note sorting systems to provide an all-in-one cash automation solution. Their affordability, speed, and ease of use make them a practical investment in both developed and emerging markets.

Based on the technology

• UV/IR/Magnetic Detection
• AI-Based Recognition
• Optical Sorting
• Weight & Thickness Detection

AI-based recognition is transforming cash sorting by enabling machines to analyze and learn from large datasets of currency patterns, wear characteristics, and counterfeit techniques. Unlike traditional detection methods, AI can adapt to new threats and flag subtle anomalies that older systems might miss. These machines use image recognition, pattern analysis, and machine learning to verify authenticity and even predict maintenance issues. AI also helps optimize sorting speed and accuracy by reducing misclassification errors. Over time, the system improves through exposure to varied note conditions, making it especially useful in geographies with poor note quality or multiple circulating currencies. This technology is increasingly becoming a standard for banks and CIT providers focused on precision and fraud prevention.

Based on the application

• Banking
• Retail
• Casinos & Gaming
• Cash-in-Transit (CIT)
• Government Offices

Casinos and gaming establishments rely heavily on cash transactions, making accurate and secure cash sorting critical. In such environments, cash sorting machines are used for rapid processing of high volumes of mixed-denomination bills collected from slot machines, table games, and cashier counters. These machines help prevent revenue leakage by detecting counterfeit notes and ensuring accurate counts during shift changes or cash-outs. Speed is essential here some casinos run sorters around the clock in back-office rooms to maintain operations without interruptions. AI-integrated machines are increasingly used to spot patterns in note flow that might indicate tampering or fraud. The high-throughput, multi-currency capability, and security features make cash sorters indispensable in the high-stakes gaming sector.

Based on the end user

• Financial Institutions
• Retail Chains
• CIT Companies
• Hospitality Sector
• Public Sector

Cash-in-Transit (CIT) companies operate in highly sensitive environments where secure and rapid currency handling is paramount. Cash sorting machines used in CIT operations are typically compact, rugged, and designed for mobility often installed in cash vans or temporary vaults. They help authenticate and count money quickly after pickups from retail stores, banks, or ATMs, minimizing discrepancies and manual labor. AI-driven sorters are favored for their ability to adapt to worn or mixed-condition notes, and for detecting fakes in real time. Many CIT companies also leverage remote connectivity to transmit sorting data to headquarters, enhancing transparency and compliance. These machines reduce turnaround time, boost security, and support seamless cash logistics from pickup to processing.