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Banknote Printing Machine market to Reach $29.7 Billion by 2031
NEW CASTLE, DE, UNITED STATES, October 22, 2024 /EINPresswire / -- Increase in cases of currency counterfeiting and
terrorist funding, surge in number of security breaches in banknote circulation, the emergence of big data analytics in banknote printing machine, and presence of
government regulations & policies regarding clean banknote policies are expected to drive the growth of the global banknote printing machine market . Lack of customer support, absences, difference in working patterns, and short-term orders for low volumes, as well as the ability to react to short delivery times during the pandemic, had a negative impact on the market.
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According to the report published by Allied Market Research, the global banknote printing machine market generated $11.3 billion in 2021, and is projected to reach $29.7 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
The report offers detailed segmentation of the global banknote printing machine market based on component, production process, end-user, and region.
Based on component, the solution segment held the largest market share in 2021, holding around two-thirds of the global market, and is expected to maintain its leadership status during the forecast period. The services segment, on the other hand, is expected to cite the fastest CAGR of 12.0% during the forecast period.
Based on production process, the offset printing segment held the dominating market share in 2021, holding nearly two-fifths of the global market. The intaglio printing segment, on the other hand, is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 12.1% during the forecast period.
Based on end user, the central banks segment held the largest market share in 2021, holding two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The government authorities and private enterprises segment, on the other hand, is expected to cite the fastest CAGR of 11.9% during the forecast period.
Based on region, the market across North America held the largest market share in 2021, holding nearly two-fifths of the global market. The Asia-Pacific region, on the other hand, is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 13.6% during the forecast period.
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The key players analyzed in the global banknote printing machine market report include Barry-Wehmiller Companies, Bobst Group SA, Cash Processing Solutions (CPS), Crane Holdings, Co., Flint Group, Focus Technology Co., Ltd., Goebel Capital GmbH, Heidelberger Druckmaschinen AG, Koenig & Bauer AG, Komori Corporation, Konica Minolta, Inc., Oumolat Security Printing LLC, Pasaban S.A., Security Printing & Minting Corporation of India Ltd., Shenzhen CBPM-KEXIN Banking Technology Co., Ltd, SPS TechnoScreen GmbH, and Tangem AG.
The report analyzes these key players in the global banknote printing machine market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.
Key Benefits for Stakeholders
The study provides an in-depth analysis of the global banknote printing machine market forecast along with current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global banknote printing machine market trends is provided in the report.
The Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The banknote printing machine market analysis from 2021 to 2031 is provided to determine the market potential.
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Key Market Segments
Component
Solution
Solution Type
Hybrid Substrates
Pure Polymer Substrates
Superior Carnishes and Coatings
Services
Service Type
Professional Service
Managed Service
Production Process
Offset Printing
Intaglio Printing
Letterpress Printing
Silk screen printing
End User
Government Authorities and Private Enterprises
Central Banks
By Region
North America (U.S., Canada)
Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Brazil, Mexico, UAE, Saudi Arabia, South Africa, Rest of LAMEA)
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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