Wednesday, July 31, 2013

Market Overview: Development Prospect of Chinas ATM Market Share 2013-2017

At present, China is the world’s second largest ATM market; however, according to China’s official total population number of 1.354 billion in China in 2012, the ATM ownership was only 307 sets per million people; this number was higher than 265 sets per million people in 2011, and the level is close to the global level of 346 sets per million people; but there was still a relatively large gap compared with 786 sets per million people in Western European countries and 1,376 sets per million people in the United States.




According to the purchase statistics of the major banks, in 2012, the major state-owned commercial banks, joint-stock banks, postal savings, city commercial banks, rural commercial banks and other financial institutions have purchased about 100,700 sets of ATM equipments, increased by about 25,900 sets compared with 74,800 sets in 2011, and the growth rate was 34.75%. 

In 2012, GRGBanking ranked first place for five consecutive years with the annual sales volume of 20,170 sets, increased by 2,670 sets in 2011, accounting for about 20.01%. Hitachi ranked second with the sales volume of 19,100 sets, increased by 5,100 over 2011, accounting for 18.95%. Yihua ranked third with the sales volume of 14,200, increased by 7,000 over last year, accounting for 14.09%.

In China, the ATM distribution density is significantly uneven in different regions, the demand for cash transaction is huge, and the banks make more efforts to strengthen the self-service business; China’s ATM market will usher in a huge potential affected by these factors. It is estimated that this industry will continue to maintain double-digit growth in the next three to five years, and China’s ATM newly install capacity will account for more than a half of the global volume.



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