Published Date: 2020-03-03 | Pages: 118 | Tables: 145 | Report ID: 7727 | Industry: Machinery & Equipment | Format :
The global banknote-printing machine market comprises few major authorised players operating across the globe. Some of the leading existing players in the global banknote-printing machine market includes KBA, Goebel, KOMORI and CBPM among others.
Higher Denomination Bank Notes – Bringing New Opportunities
Banknotes has an important role in offline payment system or financial transactions. Thus, increasing favourable economic conditions in terms of domestic & international trade, countries GDP and other related factors has led various developing nations to introduce higher denomination bank notes, which is supporting the banknote-printing machine market growth. On the other hand, the government of several countries are also introducing higher denomination bank notes primarily due to various security reasons and also, in order to control counterfeit of the nation’s currency. For instance, in 2019, Bank of Ghana introduced higher denominations bank notes to enhance their currency security.
● Intaglio Printing
● Offset Printing
● Silk Screen Printing
● Private Enterprise
● Central Bank
The demand for banknote-printing machine is also expected to attain a favourable growth due to increased international trades especially in developing nations. According to World Trade Organisation (WTO) the global trade growth is estimated to be approximately 3.0% in 2020. Moreover, volatile economic strategies is leading to continuous changes in currencies, is further expected to support banknote-printing machine market growth during the forecast period. For instance, recently in 2019, the Zimbabwe’s central bank introduced new currency note in the country. The new currency was introduced in order to address liquidity shortages and to regain monetary policy control after years of dollarization.
Europe & North America are expected to hold a major share in the global banknote-printing machine market. This is due to existence of largest bank notes printing manufacturers possess their printing facilities in these regions. De La Rue one of the largest bank notes producer prints cash for about 140 central banks across the globe. At the same time German company, Giesecke & Devrient produces notes for roughly 100 central banks across various regions.
Electronic Platforms Restraining The Market Growth
However, increasing penetration of electronic platforms such as mobile wallets, mobile payments, mobile billing etc is expected to restrain the banknote-printing machine market growth over the forecast period. Moreover, rising intervention of cryptocurrency such as bitcoins, ethereum, litecoin, ripple etc; for financial transaction is further expected to be major restraining factor in the global banknote-printing machine market.
The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.
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