Crypto ATM Market (By Type: One Way, Two Way; By Offering: Hardware, Software; By Coin Type: Bitcoin, Dogecoin, Ethereum, Litecoin; By Application: Commercial Spaces, Restaurants & Other Hospitality Spaces, Transportation Hubs, Standalone Units) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030

Published Date : Jan 2022 | No. of Pages : 150+ Pages | Category : ICT

The global crypto ATM market size was valued at USD 78.01 million in 2020, and is predicted to be worth around USD 5.88 billion by 2030, registering a CAGR of 60.2% during the forecast period 2022 to 2030.

Crypto ATM Market Size 2022 to 2030

Growth Factors

The growth of the market can be attributed to the consistent increase in the number of new cryptocurrency users and the subsequent need for crypto ATMs to convert cryptocurrency into fiat money. According to the statistics provided by TripleA, a cryptocurrency payment company, there were about 300 million crypto owners worldwide as of 2021.

The growing penetration of smartphones worldwide is also one of the major factors accentuating the growth of the market. Smartphones allow cryptocurrency users to leverage the capabilities of crypto ATMs seamlessly. According to the statistics provided by Coin Dance, a cryptocurrency information provider, 35.45% of people across the globe used smartphones in March 2021 to buy and sell bitcoin. Efforts being pursued by various companies to incorporate enhanced security features in their crypto ATMs and ensure secured transactions for customers are also expected to open new opportunities for the growth of the market over the forecast period. 

Report Coverage

Report Scope Details
Market Size US$ 5.88 billion by 2030
Growth Rate CAGR of 60.2% From 2022 to 2030
Largest Market North America
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Type, Offering, Coin type, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned GENERAL BYTES s.r.o.; Genesis Coin Inc.; Lamassu Industries AG; Covault; Bitaccess Inc.; Coinme; Coinsource; Coin ATM Radar; Orderbob; Cryptomat

By Type Analysis

The one-way segment dominated the crypto ATM market in 2021 and accounted for a revenue share of over 69.0%. One-way crypto ATMs allow users to either purchase or sell cryptocurrency. The demand for these ATMs is particularly high because they facilitate the secure and seamless transfer of money.

The two-way segment is anticipated to register the fastest CAGR over the forecast period. Two-way crypto ATMs allow users to both sell and purchase cryptocurrencies. Various strategies, such as new product launches, being pursued by two-way crypto ATM providers are expected to drive the growth of the segment over the forecast period. 

By Offering Analysis

The hardware segment dominated the market in 2021 and accounted for a revenue share of over 79.0%. Crypto ATM manufacturers require different types of hardware components to manufacture crypto ATMs.

The software segment is expected to register the fastest CAGR over the forecast period. The software helps in ensuring seamless connectivity between the crypto ATM and the cloud.

By Coin Type Analysis

The bitcoin segment dominated the market in 2021 and accounted for a revenue share of over 30.0%. The growing acceptance of bitcoin as a payment method worldwide is driving the demand for bitcoin ATMs. 

The Litecoin segment is expected to register significant growth over the forecast period. The growing demand for Litecoin worldwide is particularly expected to accentuate the growth of the segment. Several crypto ATM providers are looking forward to deploying Litecoin-enabled ATMs, thereby driving the growth of the segment.

By Application Analysis

The restaurants and other hospitality spaces segment dominated the market in 2021 and accounted for a revenue share of over 33.0%. The installation of bitcoin ATMs in nightclubs worldwide has been gaining traction. 

The ATM allows customers to either purchase bitcoins or to withdraw cash. The installation of the crypto ATM was aimed at creating awareness about cryptocurrency among people across the U.S

The commercial spaces segment is expected to register the fastest growth over the forecast period. Various operators of commercial spaces are trying aggressively to provide crypto ATM services to their customers as part of the efforts to enhance their services.

By Regional Analysis

North America dominated the market for crypto ATM in 2021 and accounted for a revenue share of over 46.0%. North America is home to several prominent market players, such as Bitcoin Depot, Coin Cloud, and CoinFlip.

The Asia Pacific region is expected to emerge as the fastest-growing regional market over the forecast period. Continued installation of two-way crypto ATMs across Asia Pacific countries, such as the Philippines, is expected to drive the growth of the regional market over the forecast period. 

Key Players

  • GENERAL BYTES s.r.o.

  • Genesis Coin Inc.

  • Lamassu Industries AG

  • Covault

  • Bitaccess Inc.

  • Coinme

  • Coinsource

  • Coin ATM Radar

  • Orderbob

  • Cryptomat

Market Segmentation

  • By Type 

    • One Way

    • Two Way

  • By Offering 

    • Hardware

    • Software

  • By Coin Type 

    • Bitcoin

    • Dogecoin

    • Ethereum

    • Litecoin

    • Others

  • By Application 

    • Commercial Spaces

    • Restaurants & Other Hospitality Spaces

    • Transportation Hubs

    • Standalone Units

    • Others

  • Regional 

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • Australia

      • Thailand

      • Taiwan

    • Latin America

      • Brazil

    • Middle East & Africa

The crypto ATM market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of crypto ATM market for the base year 2021 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global crypto ATM market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the crypto ATM market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted crypto ATM market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the crypto ATM capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of crypto ATM by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global crypto ATM market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major crypto ATM market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of crypto ATM market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the crypto ATM industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

crypto ATM market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to crypto ATM market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of crypto ATM market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new crypto ATM market. These factors have benefited the growth of the global market for crypto ATM. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for crypto ATM. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of crypto ATM are as follows:

  • History Year: 2019-2020
  • Base Year: 2021
  • Forecast Year 2022  to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2019-2021) and forecast (2022-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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