China's ATM Market from 2011 to 2015
In 2011, the procurement of self-service equipment was continued to grow steadily in Chinas banking industry. According to statistics, the new-increased ATMs equipments were about 81,500 of the whole year. Generally speaking, the domestic banks will replace the ATMs every 7 to 10 years and the average replacement cycle is 8 years. In 2011, about 13,500 ATMs were replaced in China, the actual ATMs inventory amount throughout the year was newly increased 68,000 units minus the replacement amount. The inventory amount was increased from 301,000 of 2010 to 369,000 units by the end of 2011, with approximate 23% growth rate of the whole year, rebounding slightly from 21.9% growth last year. And China has become world second largest ATMs market after America.
Although it has kept the rapid growth in recent years with the ATM possession for per million people over doubled from 104 units of 2007 to 265 units by the end of 2011, it still has a wide gap with the global coverage of 343 units, far less than 1450 units of developed countries. Meanwhile, according to "Operation of the Overall Payment System in the Third Quarter of 2011, " from Peoples Bank of China released on November 24, 2011, there were 9072 bank cards operated on each ATM by the end of the third quarter of 2011, declined by 5.5 percent over the same period of 2010, far higher than 4000 bank cards of international setting standard, and the development of ATMs has lagged behind the bank cards.
During the period of "12th Five-Year Plan", its expected that the annual demand of ATM in China will be about 60,000 to 80,000 units with the rapid development of Chinese economy and urbanization. The ATM inventory amount in Chinese market will reach 550,000 to 600,000 units in 2015, that the ATMs market in China would surpass America and become world top largest market.
In 2011, the procurement of self-service equipment was continued to grow steadily in Chinas banking industry. According to statistics, the new-increased ATMs equipments were about 81,500 of the whole year. Generally speaking, the domestic banks will replace the ATMs every 7 to 10 years and the average replacement cycle is 8 years. In 2011, about 13,500 ATMs were replaced in China, the actual ATMs inventory amount throughout the year was newly increased 68,000 units minus the replacement amount. The inventory amount was increased from 301,000 of 2010 to 369,000 units by the end of 2011, with approximate 23% growth rate of the whole year, rebounding slightly from 21.9% growth last year. And China has become world second largest ATMs market after America.
Although it has kept the rapid growth in recent years with the ATM possession for per million people over doubled from 104 units of 2007 to 265 units by the end of 2011, it still has a wide gap with the global coverage of 343 units, far less than 1450 units of developed countries. Meanwhile, according to "Operation of the Overall Payment System in the Third Quarter of 2011, " from Peoples Bank of China released on November 24, 2011, there were 9072 bank cards operated on each ATM by the end of the third quarter of 2011, declined by 5.5 percent over the same period of 2010, far higher than 4000 bank cards of international setting standard, and the development of ATMs has lagged behind the bank cards.
During the period of "12th Five-Year Plan", its expected that the annual demand of ATM in China will be about 60,000 to 80,000 units with the rapid development of Chinese economy and urbanization. The ATM inventory amount in Chinese market will reach 550,000 to 600,000 units in 2015, that the ATMs market in China would surpass America and become world top largest market.
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