ATM Manufacturing

The ATM Manufacturing industry operators provides Automated Teller Machines (ATMs) which play a vital role in consumers’ daily lives, providing convenient access to cash and banking services.

Despite increased online banking activity and greater use of credit cards, they have steadily been used by US consumers to facilitate the purchase of goods and services.

However, the ATM Manufacturing industry has experienced a sharp sales decline over the five years to 2020 including a COVID-19 (coronavirus) induced decline of 11.5% in 2020.

ATMs have a long useful life and the domestic market is highly saturated, so demand for new ATMs has been weak.

In addition, impending regulations have reduced sales over the past five years among downstream customers uncertain of the implications for their ATMs.

Also, imports have grown since 2015, hurting domestic manufacturers.

As a result, over the past five years, industry revenue is expected to drop at an annualized rate of 2.5% to $184.7 million, over the five years to 2020.

ATMs play a vital role in consumers’ daily lives, providing convenient access to cash and banking services.

Despite increased online banking activity and greater use of credit cards, they have steadily been used by US consumers to facilitate the purchase of goods and services.

However, the ATM Manufacturing industry has experienced a sharp sales decline over the five years to 2020, including a 11.5% COVID-19 (coronavirus) related decline in 2020.

During March of 2020, the World Health Organization characterized the outbreak of coronavirus a global pandemic and recommended actions in order to contain the outbreak.

This includes travel restrictions and stay at home measures.

This has led to volatility in the global economy, leading to declines for industry operators.

Over the five years to 2025, the ATM Manufacturing industry is expected to increase after a rebound from COVID-19 (coronavirus) related lows.

Although new security requirements are driving some investment in software, most ATMs can be brought up to new standards without substantial new hardware purchases.

Meanwhile, the diminishing role of cash in the economy, coupled with a saturated US ATM market, will limit demand for new machines.

Nevertheless, over the five years to 2025, industry revenue is projected to increase at an annualized rate of 0.9% to $193.5 million.

During the period, industry manufacturers are anticipated to continue struggling with profitability.

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.