Market Overview

The Spain ATM market size was USD 390.40 Million in 2024 and is projected to grow to USD 574.56 Million by 2033, registering a CAGR of 3.94% during the forecast period of 2025-2033. The growth is driven by rising demand for self-service banking, advanced ATM technologies like contactless payments and biometric authentication, and a shift toward cashless transactions, enhancing user convenience and security across Spain.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Spain ATM Market Key Takeaways

• Current Market Size: USD 390.40 Million (2024)
• CAGR: 3.94%
• Forecast Period: 2025-2033
• The market is expanding due to increased adoption of advanced ATM technologies such as cash-recycling, biometric verification, and contactless payments.
• Expansion of ATMs into rural and underserved areas is improving financial inclusion and access to banking services.
• Financial institutions are increasingly integrating digital services with ATMs for enhanced customer experience.
• New ATM launches, like Revolut's branded ATMs in major cities, are modernizing the ATM ecosystem.
• Banks and government initiatives support ATM accessibility improvements for older adults and individuals with disabilities.

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Spain ATM Market Growth Factors

The Spain ATM market is being driven by the increased demand for self-service banking and technological advancements. Cash-recycling ATMs, with the ability to enable users to deposit and withdraw cash simultaneously, are gaining traction. These cash-recycling ATMs help banks manage their cash more effectively and reduce the frequency for cash replenishment, thus contributing to market growth. Adoption of biometric authentication tools such as fingerprinting and facial recognition is expected to reduce fraud, improve security and improve consumer experience. The use of contactless payment methods is also expected to expand for faster cardless payment.

ATM networks are seen as another potential source of growth. For example, CaixaBank has extended financial services to 484 new rural towns over the past two years, including ATMs. ATM expansion in rural and unbanked areas increases financial inclusion by providing the basic services of deposit, withdrawal of cash, bill payment and access to accounts in places where previously one had to travel to a bank branch. This eases local economic growth. As mobile banking has grown in prevalence, ATMs have increasingly been linked to mobile banking services, thus providing banking services in branchless areas. 

Revolut launched its branded ATMs in Madrid and Barcelona in June 2025. These ATMs do not charge a withdrawal fee, and offer competitive FX rates. Tourists visiting Spain can also use them to dispense cards. In June 2025, the government announced new ATMs that older people and those with disabilities can use easily. These machines have larger text, audio assistance, and simplified menus. With technology that improves accessibility now well established, such as the partnership between Banco Sabadell and NCR Atleos in deploying over 1400 ATMs in retail premises, such a move is now usually more efficient and accessible.

Spain ATM Market Segmentation

Solution Insights:

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

The market segments deployment solutions including onsite, offsite, work site, and mobile ATMs, along with managed services, analyzing their usage and adoption.

Screen Size Insights:

• 15" and Below
• Above 15"

Segments based on screen sizes differentiate ATM types by display sizes, focusing on those 15 inches and below and those above 15 inches.

Application Insights:

• Withdrawals
• Transfers
• Deposits

Application-based segmentation covers primary ATM functions including cash withdrawals, transferring money, and deposits.

ATM Type Insights:

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

This classification considers different ATM types such as conventional bank machines, brown label, white label, smart ATMs, and cash dispensers.

Regional Insights:

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

The report provides a comprehensive regional analysis across major Spanish regions highlighting market trends.

Recent Developments & News

• In June 2025, the Spanish government announced new ATMs featuring larger text, audio guidance, and simplified menus to improve accessibility for older adults and individuals with disabilities. Banks are mandated to train staff and inform customers about these updated machines.
• In February 2024, Banco Sabadell partnered with NCR Atleos to provide customers access to over 1,400 ATMs located in retail venues across Spain, aiming to boost cash access, operational efficiency, and customer service.

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Customization Note:

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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