According to Cognitive Market Research, the global Banknote Printing Machine market size will be USD 12524.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.80% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 9911.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3757.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2880.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 626.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 250.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031.
The government authorities and private enterprises represent the dominant end-user category. Government authorities, such as national treasuries and finance ministries, are responsible for the issuance of currency and often collaborate with private enterprises to meet their printing needs
