ATM Manufacturing in the US - Industry Market Research Report

ATM Manufacturing in the US - Industry Market Research Report

ATM Manufacturing in the US

Over the past five years, ATM manufacturers have faced a steady decline in demand that forced many manufacturers to permanently close up shop. Consumers are using cash less often than ever, making ATMs less needed in consumers' day-to-day lives. What little demand for ATMs remains is mostly being captured by imports, especially from South Korea and Mexico, as companies in these nations can leverage cheaper labor to undercut the prices of domestic manufacturers. This also puts tense price competition on the industry, compressing profit. Industry-wide revenue has been dropping at a CAGR of 3.4% over the past five years and is expected to total $354.5 million in 2023, when revenue is projected to sink 1.5%.

This industry manufactures automated teller machines (ATMs). An ATM is a computerized telecommunications device that provides the clients of financial institutions with access to financial transaction functionality without the need for a cashier or teller.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.