METRIC Group Ltd, Sigma S.p.A., Scheidt & Bachmann GmbH, and KIOSK Information Systems, among others, are the major players in the global ticket machine market.
The global ticket machine market is projected to grow at a CAGR of 9.4% in the forecast period of 2022-2027. As per the analysis of Expert Market Research, the market is expected to be driven by the growing demand for e-tickets.
The enhanced convenience provided by ticket vending machines is significantly bolstering their installation in the transportation sector. With the ease of payment, wide range of functions, durability, and reliability offered by ticket vending machines, their deployment is significantly increasing. Moreover, ticket machines reduce the requirement for a skilled workforce by automating accounting and ticketing, due to which their adoption is growing.
Consumers are increasingly preferring e-tickets owing to their advantages, which is anticipated to positively influence the market growth of ticket machine. In addition, the development of innovative ticket vending machines with expanded payment options such as credit cards and mobile wallets is expected to aid the market growth. Various leading manufacturers are introducing machines that can also provide information like real-time departure, arrival, or delays.
The introduction of modular, cloud-based, and end-to-end ticketing solutions that enable new types of services and digitises fare collection management while bolstering the flexibility of transport companies is supporting the market growth. Furthermore, the adoption of automatic ticket machines is significantly rising on account of their increased productivity and enhanced user satisfaction. For instance, in April 2021, SIGMA received an order for 100 automatic ticket machines (TVMs) from LG CNS. The installation of the machine was to enable consumers to buy multiple or single tickets while recharging their travel cards.
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|Headquarters:||Swindon, United Kingdom|
METRIC Group is a well-known manufacturer of parking and ticketing systems and automated service solutions based out of the United Kingdom. The company has installed over 60,000 parking terminals in more than 45 countries. With the growing popularity of electric vehicles, the company unveiled commercial EV charging solutions while investing to develop a cloud-based payment solution and offer cashless payment options for off and on street parking. In April 2021, METRIC launched a new AI- Gate Access Control System consisting of barrier gates with integrated ANPR cameras.
Sigma is a company that specialises in designing, manufacturing, delivering, and maintaining products and solutions in the areas of self-service payments and ticketing and banking automation. The company aims to enhance the accessibility of its innovative and technologically advanced solutions across the globe. In July 2021, it signed a contract worth $CAD 30,989,085.00 with METROLINX to supply, maintain, and install its automatic ticket vending machines, PRESTO, in the Canadian market.
Scheidt & Bachmann GmbH is a leading company engaged in the development of innovative system solutions for mobile living. Its systems are used by about 7 million people every day and the company’s solutions are integral in ensuring the safety of modern mobility infrastructure through its digital management systems. With an employee base of 3000 from 50 countries across the world, the company aims to revolutionise intelligent mobility.
|Headquarters:||Colorado, United States|
KIOSK is a major manufacturer of self-service solutions like modular software development, standard and custom solution design, flexible manufacturing, and turnkey field and managed services. The company has successfully deployed over 250,000 solutions in various end-use industries, including hospitality and retail, among others.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.