The latest update of “Global Banknote Strapping Machine Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Banknote Strapping Machine Market.
Overview of the Banknote Strapping Machine Market:
A banknote strapping machine is a high-tech machine that is used to secure money. It is time-tested technology provides trouble-free operation. Its compact size and easy operation make it a popular option among treasuries. The banknote strapping machine is able to securely strap thousands of bills at a time. The machine uses high-grade polyethylene tape for tight and secure strapping, and its high-speed allows for up to 20 strapping operations per hour. In addition to being a convenient and cost-efficient money handling device, the banknote strapping unit also helps prevent money laundering. It is a useful tool for companies involved in the financial industry. Its ability to wrap and protect notes is an important factor for business owners.
Drivers:
Growing demand from the BFSI (banking, financial services, and insurance) sector and retail outlets, where cash management is a critical issue, is expected to augment the growth of the global banknote strapping machine market during the forecast period. Furthermore, the rising demand for cash-handling solutions in banks to detect defective bills and redirect them to special recyclers is expected to further cushion the growth of the global banknote strapping machine market over the forecast period. For instance, in September 2021, Yes Recycling, a plastic recycling firm, announced plans to build a 15,000 sq. ft. production facility in Scotland to focus on recycling banknotes and packaging films.
Restraints:
The regular problems associated with software compatibility and errors are expected to limit the growth of the global banknote strapping machine market.
Regional Insights:
In terms of geography, North America has a commanding position in the global banknote strapping machine market, owing to rising adoption in local banks and rising investments in software-based solutions.
Another notable region is Asia Pacific, which is performing well in the global banknote strapping machine market due to high adoption across retail and ecommerce providers and a booming SaaS (Software-as-a-Service) industry.
Competitive Landscape:
- Major companies contributing to the global banknote strapping machine market include Hebei Huijin Electromechanical, PT Murni Solusindo Nusantara, Kington, Konexindo, Yuil Banking & Security, CITIC Feiyue Financial Equipment, Julong, Felins, Canny Sijia Corporation, and Shanghai Kuko Packing Machinery.
- In December 2021, KCB Uganda launched ATM Recycler machines across the banking halls of the country to automate the cash cycle and identify the validity of the banknotes.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Banknote Strapping Machine Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Banknote Strapping Machine Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Yuil Banking & Security
- Konexindo
- Kington
- PT Murni Solusindo Nusantara
- Hebei Huijin Electromechanical
- Shanghai Kuko Packing Machinery
- Canny Sijia Corporation
- Felins
- Julong
- CITIC Feiyue Financial Equipment
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Banknote Strapping Machine Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Semi-Automatic Banknote Strapping Machine
- Automatic Banknote Strapping Machine
By Applications, the market is segmented into:
- Bank
- Securities Company
- Insurance Company
- Trust Investment Company
- Fund Management Company
- Other
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Banknote Strapping Machine Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Banknote Strapping Machine Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Banknote Strapping Machine Market
1.6.1 How the Covid-19 is Affecting the Banknote Strapping Machine Market
1.6.1.1 Banknote Strapping Machine Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Banknote Strapping Machine Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Banknote Strapping Machine Market Perspective (2015-2028)
2.2 Banknote Strapping Machine Market Growth Trends by Regions
2.2.1 Banknote Strapping Machine Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Banknote Strapping Machine Market Historic Market Share by Regions (2015-2021)
2.2.3 Banknote Strapping Machine Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Banknote Strapping Machine Market Growth Strategy
2.3.6 Primary Interviews with Key Banknote Strapping Machine Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Banknote Strapping Machine Market Players by Market Size
3.1.1 Global Top Banknote Strapping Machine Market Players by Revenue (2015-2021)
3.1.2 Global Banknote Strapping Machine Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Banknote Strapping Machine Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Banknote Strapping Machine Market Concentration Ratio
3.2.1 Global Banknote Strapping Machine Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Banknote Strapping Machine Market Revenue in 2019
3.3 Banknote Strapping Machine Market Key Players Head office and Area Served
3.4 Key Players Banknote Strapping Machine Market Product Solution and Service
3.5 Date of entering into Banknote Strapping Machine Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Banknote Strapping Machine Market Historic Market Size by Type (2015-2021)
4.2 Global Banknote Strapping Machine Market Forecasted Market Size by Type (2021-2028)
5 Banknote Strapping Machine Market Breakdown Data by Application (2015-2028)
5.1 Global Banknote Strapping Machine Market Size by Application (2015-2021)
5.2 Global Banknote Strapping Machine Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Banknote Strapping Machine Market Size (2015-2021)
6.2 Banknote Strapping Machine Market Key Players in North America (2019-2021)
6.3 North America Banknote Strapping Machine Market Size by Type (2015-2021)
6.4 North America Banknote Strapping Machine Market Size by Application (2015-2021)
7 Europe
7.1 Europe Banknote Strapping Machine Market Size (2015-2021)
7.2 Banknote Strapping Machine Market Key Players in Europe (2019-2021)
7.3 Europe Banknote Strapping Machine Market Size by Type (2015-2021)
7.4 Europe Banknote Strapping Machine Market Size by Application (2015-2021)
8 China
8.1 China Banknote Strapping Machine Market Size (2015-2021)
8.2 Banknote Strapping Machine Market Key Players in China (2019-2021)
8.3 China Banknote Strapping Machine Market Size by Type (2015-2021)
8.4 China Banknote Strapping Machine Market Size by Application (2015-2021)
9 Japan
9.1 Japan Banknote Strapping Machine Market Size (2015-2021)
9.2 Banknote Strapping Machine Market Key Players in Japan (2019-2021)
9.3 Japan Banknote Strapping Machine Market Size by Type (2015-2021)
9.4 Japan Banknote Strapping Machine Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Banknote Strapping Machine Market Size (2015-2021)
10.2 Banknote Strapping Machine Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Banknote Strapping Machine Market Size by Type (2015-2021)
10.4 Southeast Asia Banknote Strapping Machine Market Size by Application (2015-2021)
11 India
11.1 India Banknote Strapping Machine Market Size (2015-2021)
11.2 Banknote Strapping Machine Market Key Players in India (2019-2021)
11.3 India Banknote Strapping Machine Market Size by Type (2015-2021)
11.4 India Banknote Strapping Machine Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Banknote Strapping Machine Market Size (2015-2021)
12.2 Banknote Strapping Machine Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Banknote Strapping Machine Market Size by Type (2015-2021)
12.4 Central & South America Banknote Strapping Machine Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Banknote Strapping Machine Market Introduction
13.4 Banknote Strapping Machine Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Banknote Strapping Machine Market Key Market Segments
Table 2. Key Players Covered: Ranking by Banknote Strapping Machine Market Revenue
Table 3. Ranking of Global Top Banknote Strapping Machine Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Banknote Strapping Machine Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Banknote Strapping Machine Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Banknote Strapping Machine Market Players to Combat Covid-19 Impact
Table 10. Global Banknote Strapping Machine Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Banknote Strapping Machine Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Banknote Strapping Machine Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Banknote Strapping Machine Market Share by Regions (2015-2021)
Table 14. Global Banknote Strapping Machine Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Banknote Strapping Machine Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Banknote Strapping Machine Market Growth Strategy
Table 20. Main Points Interviewed from Key Banknote Strapping Machine Market Players
Table 21. Global Banknote Strapping Machine Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Banknote Strapping Machine Market Share by Players (2015-2021)
Table 23. Global Top Banknote Strapping Machine Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Banknote Strapping Machine Market as of 2019)
Table 24. Global Banknote Strapping Machine Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Banknote Strapping Machine Market Product Solution and Service
Table 27. Date of entering into Banknote Strapping Machine Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Banknote Strapping Machine Market Size by Type (2015-2021) (Million US$)
Table 30. Global Banknote Strapping Machine Market Size Share by Type (2015-2021)
Table 31. Global Banknote Strapping Machine Market Revenue Market Share by Type (2021-2028)
Table 31. Global Banknote Strapping Machine Market Size Share by Application (2015-2021)
Table 33. Global Banknote Strapping Machine Market Size by Application (2015-2021) (Million US$)
Table 34. Global Banknote Strapping Machine Market Size Share by Application (2021-2028)
Table 35. North America Key Players Banknote Strapping Machine Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Banknote Strapping Machine Market Share (2019-2021)
Table 37. North America Banknote Strapping Machine Market Size by Type (2015-2021) (Million US$)
Table 38. North America Banknote Strapping Machine Market Share by Type (2015-2021)
Table 39. North America Banknote Strapping Machine Market Size by Application (2015-2021) (Million US$)
Table 40. North America Banknote Strapping Machine Market Share by Application (2015-2021)
Table 41. Europe Key Players Banknote Strapping Machine Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Banknote Strapping Machine Market Share (2019-2021)
Table 43. Europe Banknote Strapping Machine Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Banknote Strapping Machine Market Share by Type (2015-2021)
Table 45. Europe Banknote Strapping Machine Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Banknote Strapping Machine Market Share by Application (2015-2021)
Table 47. China Key Players Banknote Strapping Machine Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Banknote Strapping Machine Market Share (2019-2021)
Table 49. China Banknote Strapping Machine Market Size by Type (2015-2021) (Million US$)
Table 50. China Banknote Strapping Machine Market Share by Type (2015-2021)
Table 51. China Banknote Strapping Machine Market Size by Application (2015-2021) (Million US$)
Table 52. China Banknote Strapping Machine Market Share by Application (2015-2021)
Table 53. Japan Key Players Banknote Strapping Machine Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Banknote Strapping Machine Market Share (2019-2021)
Table 55. Japan Banknote Strapping Machine Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Banknote Strapping Machine Market Share by Type (2015-2021)
Table 57. Japan Banknote Strapping Machine Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Banknote Strapping Machine Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Banknote Strapping Machine Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Banknote Strapping Machine Market Share (2019-2021)
Table 61. Southeast Asia Banknote Strapping Machine Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Banknote Strapping Machine Market Share by Type (2015-2021)
Table 63. Southeast Asia Banknote Strapping Machine Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Banknote Strapping Machine Market Share by Application (2015-2021)
Table 65. India Key Players Banknote Strapping Machine Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Banknote Strapping Machine Market Share (2019-2021)
Table 67. India Banknote Strapping Machine Market Size by Type (2015-2021) (Million US$)
Table 68. India Banknote Strapping Machine Market Share by Type (2015-2021)
Table 69. India Banknote Strapping Machine Market Size by Application (2015-2021) (Million US$)
Table 70. India Banknote Strapping Machine Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Banknote Strapping Machine Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Banknote Strapping Machine Market Share (2019-2021)
Table 73. Central & South America Banknote Strapping Machine Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Banknote Strapping Machine Market Share by Type (2015-2021)
Table 75. Central & South America Banknote Strapping Machine Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Banknote Strapping Machine Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Banknote Strapping Machine Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Banknote Strapping Machine Market Share by Type: 2021 VS 2028
Figure 2. Global Banknote Strapping Machine Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Banknote Strapping Machine Market Report Years Considered
Figure 8. Global Banknote Strapping Machine Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Banknote Strapping Machine Market Share by Regions: 2021 VS 2028
Figure 10. Global Banknote Strapping Machine Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Banknote Strapping Machine Market Share by Players in 2019
Figure 13. Global Top Banknote Strapping Machine Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Banknote Strapping Machine Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Banknote Strapping Machine Market Revenue in 2019
Figure 15. North America Banknote Strapping Machine Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Banknote Strapping Machine Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Banknote Strapping Machine Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Banknote Strapping Machine Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Banknote Strapping Machine Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Banknote Strapping Machine Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Banknote Strapping Machine Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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