Scope of the Study
Banknote Strapping Machines are packaging machines which use bands made of different material like steel, cordex or plastic packed tightly around the notes to secure them from any damage. The straps used in the strapping machines are used to improve the strength and secure them while loading. The banknote strapping machines are available as an automatic and semi-automatic strapping machine and can be heavy-duty machines or lightweight portable machine. As the need for faster and better productivity of notes is increasing, the demand for banknote strapping machine is increasing. The automatic strapping machines are on high demand due to its advanced technology for higher efficiency and reliability. However, the stringent regulatory standards can be the hindrance to global banknote strapping machines.
The market study is being classified by Type (Semi-Automatic Banknote Strapping Machine and Automatic Banknote Strapping Machine), by Application (Cash Management, Security and Others) and major geographies with country level break-up.
Glory Ltd. (Japan), PT Murni Solusindo Nusantara (Indonesia), Felins (United States), Yuil Banking & Security (South Korea), Hebei Huijin Electromechanical Co. Ltd. (China), Brother Packing Machinery Co. Ltd. (China), Kington Co. Ltd. (Taiwan), Dynaric, Inc (United States) and Chandra Enterprise (India) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Banknote Strapping Machine market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Banknote Strapping Machine market by Type, Application and Region.
On the basis of geography, the market of Banknote Strapping Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Demand for Productivity and Efficiency in Cash Management
- Need for Safety and Management of Banknotes in Banks
- Introduction of Portable Small Sized Banknote Strapping machines
- Automatic Banknote Strapping Machine Usage is High
- Problems Associated with Import and Export of Banknote Strapping Machine
- Safety-related Regulatory Standards
- Technological Advancement in the Banknote Strapping Machine For Better Performance and Reliability
- Complexities Involved with Handling Heavy Duty Banknote Scrapping Machine
According to government regulation of the United Kingdom, the safety principles include strap tension stating the Standard requires the use of two independent product detecting devices so that the operator cannot accidentally initiate a strapping operation or the use of two-hand controls, strap dispenser and feeding mechanism, strap sealing mechanism, Infeed and discharge apertures on machine. At present it is evident that some machines are less safe than others and so it is to be hoped that this Standard will encourage all manufacturers to make machines with equivalent standards of safety.
Key Target AudienceBanknote Strapping Machine Manufacturers, Banknote Strapping Machine Distributors and Suppliers, Banknote Strapping Machine International Traders, Research and Development Institutes, Regulatory Bodies, Potential Investors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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