Published Date : Nov 14, 2016
ALBANY, NY, Nov 14, 2016: The report is titled, “Global ATM Slide Rails Market 2016–2020.” The report presents a comprehensive overview of the historical growth trajectory, present scenario, and the future growth prospects of the global automated teller machine (ATM) slide rails market.
The study presents an evaluation of the factors that are likely to impact the growth of the global ATM slide rails market in a positive or negative manner. An overview of the prevalent trends has also been provided in the report. The report further projects the volume and revenue growth of the global ATM slide rails market. An reports of the key strategies, products, and shares of the leading companies has also been offered in the report along with information on the degree of barriers to entry and exit.
According to the report, the global ATM slide rails market is likely to exhibit a CAGR of 16% between 2016 and 2020. The research report recognizes the rising demand for Bitcoin payment systems as one of the key factors driving the growth of the global ATM slide rails market. As compared to payment gateways, Bitcoin payment systems offer advantages such as a greater degree of freedom while making transactions, elimination of interruptions from third party, and user anonymity. Bitcoin transactions restrict the involvement of intermediaries, thus reducing the cost of foreign transactions and eliminating sales tax. As a result of this, the deployment of Bitcoin ATM machines is likely to increase over the forthcoming years, hence boosting the demand for ATM slide rails.
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Slide rails find applications in the extension of ATM components such as front panel of the ATM, deposit box, error box, cartridges, and cash dispenser unit (CDU). Based on product type, the global ATM slide rails market is classified into full extension, partial extension, and over extension. Among the mentioned product types, full extension emerged as the most deployed in ATM machines. This trend is expected to continue during the forecast period. In terms of material, stainless emerged dominant and is expected to retain a lead until 2020. The growing consumption of stainless steel can be attributed to the fact that it is corrosion or rust resistant and can be used for a longer period of time. The other materials used for the manufacturing of ATM slide rails are steel and aluminum.
Region-wise, Asia Pacific emerged as the leading revenue contributor to the automated teller machine slide rail market. The growth of the market in the region is primarily driven by the growing demand from countries such as Pakistan, Bangladesh, India, Indonesia, and China. Furthermore, the presence of leading companies such as TK and THK in China, Japan, and South Korea is likely to further bolster the growth of the global ATM slide rails market. To increase their consumer base, key vendors are setting up manufacturing facilities near the areas where the demand for ATM slide rails is extensively high. Some of the key players are THK, TAKACHIHO KOHEKI (TK), and Sun Chain Metal.
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