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Global Banknote Industry Report: 2010 Edition

Global Banknote Industry Report: 2010 Edition

The global shipbuilding industry experienced a rapid decline in new shipbuilding orders in 2009 as backlogs remained high and the global economic downturn adversely affected the demand for new ships or vessels. Since 2004, the shipbuilding industry experienced a 3 year boom in terms of new shipbuilding orders, Thereafter, the recent economic downturn lead to a decline in shipbuilding activity from 2008-2009, however it is anticipated that the shipbuilding activity would grow at a CAGR of 26% for period spanning 2010-2013.

The demand for ships may either be incremental or replacement demand. The key factors such as growth in GDP, increase in oil demand, availability of shipping finance and other factors contribute to the demand for ships. The ships can broadly be classified into three major categories- tankers, bulkers and containers, among others. The above given three segments account for two-thirds of the world shipbuilding orderbook as in 2009, followed by other carriers like LNG carriers, LPG carriers and cruise ships, among others.

Global market environment in the shipbuilding industry has undergone fundamental changes. The present shipbuilding industry is dominated by Asian countries as the industry dominance shifted from Europe towards East since the past four decades. Of the Asian nations, Korea, China and Japan hold a majority share in terms of orderbook. The largest shipbuilding companies in terms of capacity are Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering and Samsung Heavy Industries (all Korean). In the last five years the emerging shipbuilding nations, like India, Vietnam, Philippines and Brazil, have acquired a dominant position posing as potential threat as well as opportunity for the existing shipbuilding nations.

The challenges posed by the global economic downturn have directed the shipbuilding companies to diversify their portfolio, make strategic investments in manufacturing and technical capabilities and develop offshore facilities and eco-friendly vessels, giving them a competitive advantage, to lead the industry in the future.

The report analyzes the global shipbuilding market with focus on Europe, Korea, Japan and China. It also discusses the major growth drivers and challenges for the shipbuilding market. The report presents the competitive structure of the industry and profiles major players with a discussion of their key business strategies.

By combining SPSS Inc.s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

"The central banks are responsible for the production and issuance of new banknotes and the destruction of unfit banknotes. The ultimate goal is to ensure public confidence in the currency, such that banknotes continue to be an effective payment mechanism and a secure store of wealth. The monetary policy of every country serves the purpose of designing strategies related to money supply in the economy.

Cash is the preferred method of payment all over the world over 50% of people prefer to pay with notes and coins. Despite predictions that currency as a means of exchange will become obsolete in an increasingly technological world, cash usage remains strong. Cheques, cards and electronic payment have not substantially reduced peoples reliance on cash.

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Global Banknote Industry Report: 2010 Edition