ATM Slide Rails Market size to grow by USD 283.15 million from 2022 to 2027 | Self-service cash recycling will drive growth -Technavio
NEW YORK, Aug. 25, 2023 /PRNewswire/ -- The ATM slide rails market is estimated to grow at a CAGR of 12.77% between 2022 and 2027. The market size is forecast to increase by USD 283.15 million, according to Technavio - Download a free Sample Report
ATM Slide Rails Market Insights -
- Companies: 15+, Including Accuride International Inc., Chambrelan, Sun Chain Metal Industry Co. Ltd., Takachiho Koheki Co. Ltd., The Timken Co., and THK Co. Ltd., among others
- Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and company landscape; company product insights and recent developments; key companies; and market positioning of companies
- Segments: type (full extension, partial extension, and overextension), material (stainless steel, steel, and aluminum), and geography (North America, Europe, APAC, South America, and Middle East and Africa)
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ATM Slide Rails Market - Company Insights
The growing competition in the market is compelling companies to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market companies, including - Accuride International Inc., Chambrelan, Sun Chain Metal Industry Co. Ltd., Takachiho Koheki Co. Ltd., The Timken Co., and THK Co. Ltd.
ATM Slide Rails Market – Market Dynamics
Key Driver
Self-service cash recycling is a key factor driving market growth.
Major Trend
Better customer experience is a major trend in the market. With the expansion of the banking sector and the growing demand for banking services and requirements, ATMs offer a solution. They provide a faster way to access banking services outside of regular business hours. Furthermore, ATMs are versatile and handle different tasks, both financial and non-financial. Found in hospitals, malls, airports, and more, ATMs offer convenient cash withdrawals. Thus, the multifaceted capabilities of ATMs have fueled the global popularity of these machines. Hence, such factors are expected to drive market growth during the forecast period.
Significant Challenge
The gradual shift towards online banking is a significant challenge restricting market growth.
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The automated teller machine (ATM) market size is estimated to grow at a CAGR of 4.56% between 2022 and 2027. The market size is forecast to increase by USD 5,641.95 million.
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ATM Slide Rails Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.77% |
Market growth 2023-2027 |
USD 283.15 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
12.34 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 54% |
Key countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Accuride International Inc., Chambrelan, Sun Chain Metal Industry Co. Ltd., Takachiho Koheki Co. Ltd., The Timken Co., and THK Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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