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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.
Key Findings of the Report:
Market Analysis by Payment Type, Application and Region:
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