Spain ATM Market

Spain ATM Market Overview:

The Spain ATM market size reached USD 390.40 Million in 2024. The market is projected to reach USD 574.56 Million by 2033, exhibiting a growth rate (CAGR) of 3.94% during 2025-2033. The market is growing steadily due to the increasing demand for self-service banking, advanced ATM technologies, and a shift toward cashless transactions. As financial institutions and consumers embrace digital banking, the market is also expected to expand. Innovations like contactless payments, biometric authentication and cash-recycling ATMs, and evolving consumer preferences are further fueling the Spain ATM market share.

Spain ATM Market Trends:

Adoption of Advanced ATM Technologies

The Spanish ATM market is seeing strong migration towards higher technologies that enhance customer experience and security. Cash-recycling ATMs through which users can deposit as well as withdraw cash are becoming popular as they enable financial institutions to handle cash flow more efficiently and minimize physical cash replenishment requirements. Furthermore, biometric verification in the form of fingerprint and facial recognition is increasingly being used in ATMs as a safe and seamless method to authenticate user identity with reduced chances of fraud. Payment via contactless options is also expanding facilitating quicker and more convenient transactions without card insertion. These innovations streamline the ATM experience and offer enhanced security measures to protect user information and reduce fraud which in turn drives Spain ATM market growth. For instance, in June 2025, Revolut launched its first branded ATMs in Spain offering fee-free withdrawals, competitive FX rates, and card dispensing. The initial 50 machines located in Madrid and Barcelona modernize ATM experience cater to local customers and tourists and will later accept cash deposits. Expansion across Europe is planned for 2026. As banks and financial institutions continue to implement these technologies customers benefit from a more efficient, secure, and user-friendly ATM network.

Expansion in Rural Areas

In Spain, the expansion of ATMs in rural and underserved areas is gaining momentum as part of efforts to improve financial inclusion. For instance, in January 2024, CaixaBank announced that it has expanded its financial services to 484 new rural towns over the past two years, enhancing financial inclusion. This expansion includes the installation of ATMs and mobile branches in areas that previously lacked access to face-to-face banking. The initiative aligns with the efforts of banking associations to improve access to financial services across the country. As more individuals in rural areas get access to financial services, banks are placing ATMs in areas that were previously underserved, providing broader coverage. The ATMs offer basic services like cash deposit and withdrawal with other conveniences like bill pay and account access. The availability of ATMs in rural locations is lowering the necessity of individuals to go long distances to obtain basic banking services, hence enhancing convenience and stimulating local economies. The growth of mobile banking has also seen ATMs being merged with digital services, providing an undisturbed experience to customers who do not have access to traditional bank offices. This expansion is crucial to filling the financial gap and increasing access to banking services nationwide.

Spain ATM Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on solution, screen size, application, and ATM type.

Solution Insights:

• Deployment Solutions
  • Onsite ATMs
  • Offsite ATMs
  • Work Site ATMs
  • Mobile ATMs
• Managed Services

The report has provided a detailed breakup and analysis of the market based on the solution. This includes deployment solutions (onsite ATMs, offsite ATMs, work site ATMs, and mobile ATMs) and managed services.

Screen Size Insights:

• 15" and Below
• Above 15"

A detailed breakup and analysis of the market based on the screen size have also been provided in the report. This includes 15" and below and above 15.

Application Insights:

• Withdrawals
• Transfers
• Deposits

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes withdrawals, transfers, and deposits.

ATM Type Insights:

• Conventional/Bank ATMs
• Brown Label ATMs
• White Label ATMs
• Smart ATMs
• Cash Dispensers

A detailed breakup and analysis of the market based on the ATM type have also been provided in the report. This includes conventional/bank ATMs, brown label ATMs, white label ATMs, smart ATMs, and cash dispensers.

Regional Insights:

• Northern Spain
• Eastern Spain
• Southern Spain
• Central Spain

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Spain, Eastern Spain, Southern Spain, and Central Spain.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Spain ATM Market News:

• In June 2025, the Spanish government announced new ATMs designed to enhance accessibility for older adults and individuals with disabilities. These machines will feature larger text, audio guidance, and simplified menus. The changes are intended to make navigation easier and improve the overall user experience. Additionally, banks are required to train their staff and inform customers about the adapted ATMs.
• In February 2024, Banco Sabadell announced its partnership with NCR Atleos to enhance cash access for customers outside its branches in Spain. Customers will soon access over 1,400 Atleos ATMs located in retail venues. This collaboration aims to increase operational efficiency while improving customer experience in financial services accessibility.

Spain ATM Market Report Coverage:

Key Questions Answered in This Report:

• How has the Spain ATM market performed so far and how will it perform in the coming years?
• What is the breakup of the Spain ATM market on the basis of solution?
• What is the breakup of the Spain ATM market on the basis of screen size?
• What is the breakup of the Spain ATM market on the basis of application?
• What is the breakup of the Spain ATM market on the basis of ATM type?
• What is the breakup of the Spain ATM market on the basis of region?
• What are the various stages in the value chain of the Spain ATM market? 
• What are the key driving factors and challenges in the Spain ATM market?
• What is the structure of the Spain ATM market and who are the key players?
• What is the degree of competition in the Spain ATM market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Spain ATM market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Spain ATM market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Spain ATM industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.