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China ATM Industry to Maintain Steady Growth Rate Till 2018
  • USA - English


News provided by

Market Research Reports

Dec 23, 2014, 05:20 ET

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Albany, NY (PRWEB) December 23, 2014 -- According to the research report, China’s ATM market is expected to register an annual growth rate of approximately 20% during the forecast period of 2014 to 2018 and the nation is projected to maintain this pace for the next three to five years.

View Full Report at http://www.marketresearchreports.biz/analysis/235076

The report studies the global as well as Chinese ATM market and tracks its progress at various stages. In terms of the global ATM industry, along with a comprehensive overview, the report also provides insightful data on the historical as well as current status of the ATM industry and trends impacting it, with special reference to European and American markets. While assessing the Chinese ATM market, the research study examines the competitive landscape, market size, the operation industry, and purchase of ATMs by major banks in China.

According to the report, China has earned its position of being the largest ATM market across the globe, surpassing even America. By the end of 2013, there were 520,000 ATM sets in the banking network in China, compared to previous year’s 415,600 ATM sets. In terms of growth rate, in 2013, the China market registered a 25.12% CAGR, in contrast to previous year’s 24.21%.

Download Detail Report With Complete TOC at http://www.marketresearchreports.biz/sample/sample/235076

As far as ATM per capita is concerned – keeping in mind China’s 1.36 billion population – 307 ATM sets were allocated per million people in 2012, which rose to 382 sets. This number is much greater than the global average of 346 ATM sets per million. Despite this, China still lags behind America and Europe. While Europe allocates 786 ATM sets per million, America has 1,376 sets for every million people.

Highlighting the dominant players within the China ATM industry, the research report divides the competitive landscape section into key global ATM manufacturing companies and major Chinese ATM manufacturing enterprises.

The leading global ATM vendors analyzed in the report are Hitachi, Ltd., Anxun (Beijing) Financial Equipment System Co., Ltd., Wincor Nixdorf International GmbH, Diebold Financial Equipment Co., Ltd., and Oki Electric Industry Co., Ltd. These enterprises are evaluated on aspects such as company profile, business performance, ATM business in China, and business revenue composition.

Explore All Banking Market Research Reports at http://www.marketresearchreports.biz/category/159

In terms of domestic ATM manufacturing companies, the prominent players mentioned in the report are Eastcom Communications Co., Ltd, Cashway Technology Co., Ltd, Shenzhen Yihua Computer Co., Ltd, Digital China Jinxin Technology Co., Ltd, GRG Banking Equipment Co., Ltd, and Guangzhou King Teller Technology Co., Ltd. The Chinese ATM market report assesses these companies in terms of company profile, operation conditions, business profile, main business composition, and ATM business development.

According to the research report, Yihua Computer, GRG Banking, NCR, Hitachi, and Diebold dominated the Chinese ATM market in 2013 in terms of sales. Among these, GRG Banking led the pack, accounting for 23.28% of the Chinese market and selling 19,940 units in 2013 alone. The company is expected to maintain its leading position like it has for the last six years.

View All Latest China Market Research Reports at http://www.marketresearchreports.biz/country/China

About MarketResearchReports.biz

Marketresearchreports.biz is the most comprehensive collection of market research reports, supporting clients’ market intelligence needs with over 100,000 market research reports, company profiles, data books, and regional market profits in its repository. We also offer consulting support for custom market research needs.

Our document database is updated by the hour, which means that our customers always have access to fresh data spanning over 300 industries. From Fortune 500 companies to SMEs, Marketresearchreports.biz has built a veritable reputation for fulfilling the most exacting market research needs.

Michell Thoras, Market Research Reports, http://www.marketresearchreports.biz/, +1 (518) 618-1030, [email protected]

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