Global Automatic Ticket Machine Market to Grow at a CAGR of 11.8% During the Period 2024-2032, Driven by Advancements in Technology and Modernization of Transportation Systems

The global automatic ticket machine market is expected to be driven by advances in technology, developments in infrastructure, modernization of transportation systems, and rising number of travellers. It is estimated that by 2050, nearly seventy percent of the global population would reside in cities, and the citizens of such cities would require safe, smart, sustainable, accessible, contactless and secure solutions. Solutions that are secure, convenient, efficient and quick would witness greater demand. Multi-modal services combining security features, payment applications, speed and performance of contactless ticketing systems would be likely to become more popular. North America, Europe and Asia are projected to be key markets.

Automatic ticket machines have been witnessing rapid adoption across the globe. Administrators have been installing such machines to offer secure and reliable services to users while decreasing the need for manual activities. For example, in 2020, Egypt’s National Authority for Tunnels announced that a French company had secured the tender to supply automatic machines (worth LE 76 million) to dispense automatic metro tickets. The new machines would serve stations of first and second lines entirely, and function with coin, paper currency and bank credit cards.

In 2019, Scheidt & Bachmann was awarded a contract by Stuttgarter Straßenbahnen AG to supply a new fare collection system; the 390 FareGo Sales ST|50 ticket vending machines assisted by the FareGo Data back office would replace existing FAA2000. The new fare collection system was to commence operations in Stuttgart in 2020.

Indian Railways introduced automatic ticket vending machines (ATVM) across several railway stations in the country to decrease passenger queues at ticket counters. The automatic ticket vending machines are touch screen-based ticketing kiosks operated using Smart Cards. The Smart Cards may be recharged at the ticket counters.

Leading companies today look to offer multi-modal, easy to use and advanced solutions to reduce costs and optimize efficiency and performance.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Findings of the Report:

• Developments in technology and infrastructure and growing number of travellers are expected to boost the market. 

• Solutions that are competitive, interoperable, non-proprietary, based on open standards and scalable, and have the capability to include ticketing, identification, micropayment and mobile payment are expected to stimulate market growth.

• North America, Europe and Asia are likely to be key markets.

Market Analysis by Payment Type, Application and Region:

• By payment type, the market is segmented into Smart Card Payment, Cash Payment and Mobile Payment.

• By application, the market is classified into Public Transport, Entertainment and Gaming and Others.

• By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*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.