Automatic Ticket Vending Machine Market
Global Automatic Ticket Vending Machine Market Size, Share &Trends Analysis Report by Type (Cash Payment Type, and Non-Cash Payment Type), and by Application (Cinema, Railway Stations, Subway Stations, Bus Stations, Airport, and Others) Forecast Period (2022-2028)
The global automatic ticket vending machine market is anticipated to grow at a significant CAGR of 13.2% during the forecast period. The rise in the introduction of automatic ticket vending machines (ATVMs) by governmental bodies to minimize public gatherings and reduce the transaction time and waiting time of passengers to bolster the market growth. For instance, in 2019, the Government of India, Ministry of Railways, launched a One-touch ticketing facility through ATVMSs in 486 ATVMs over Western Railway and 92 ATVMs over Central Railway in Mumbai Suburban Railway Network. In One-touch ATVMs, unreserved tickets can be bought for 20 select destination stations and passengers can get the ticket within 6 seconds. These initiatives taken by governmental bodies for the introduction of ATVMs to render fast ticketing are driving the growth of the global automatic ticket vending machine market.
Impact of COVID-19 Pandemic on Global Automatic Ticket Vending Machine Market
The COVID-19 pandemic has caused complete disorder in global supply chains which resulted in several trade barriers all over the world. The spread of the COVID-19 pandemic has negatively impacted the global Automatic Ticket Vending Machine Market, due to restrictions imposed by the government of different regions. Due to supply chain execution and stoppage of public transport ATVM machines were suspended for a brief period. However, the upliftment of lockdown and relaxation of restrictions has restarted the service again to make the ticketing process convenient for commuters.
Segmental Outlook
The global automatic ticket vending machine market is segmented based on the type, and application. Based on the type, the market is segmented into cash payment types and non-cash payment types. Further, based on application, the market is sub-segmented into cinema, railway stations, subway stations, bus stations, airports, and others. Among the application segment, the railway stations sub-segment is expected to cater to a prominent market share over the forecast period. However, the bus stations segment is showing lucrative growth in the market.
Global Automatic Ticket Vending Machine Market Share by Application, 2021 (%)
The Railway Stations Sub-Segment is anticipated to Hold a Prominent Share in the Global Automatic Ticket Vending Machine Market
Railway stations are increasingly installing ATVMs with smart card payment options which is driving the segmental growth. High usage of public transport, expansion of railways, in developed and developing economies, and increasing tourism are some key factors boosting the demand for ATVMs on railway stations. These machines deployed at railway stations enable potential passengers to easily purchase tickets, either by inserting cash or through the use of payment cards. Advancements in digital technology and the rising need for easy and fast ticketing systems due to a large number of passengers are boosting segment growth.
Moreover, the bus stations segment is expected to witness significant growth during the forecast period. The operators of the public transportation system are installing ATVMs that offer faster transaction times and contactless payment options, which is further escalating segment growth. For instance, in 2021, a total of 558 ticket vending machines (TVMs) were installed by New Jersey Transit (NJ Transit) throughout the system. The new customer-friendly TVMs are a part of NJ TRANSIT’s entire fare collection system which includes handheld mobile devices for train crews, onboard bus validators, and many new mobile ticketing options. The new TVMs come with improved features which make them quicker and easier to use, are easier for people with disabilities to use, and include audible as well as visual instructions.
Regional Outlooks
The global automatic ticket vending machine market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia-Pacific regional market is expected to cater to prominent growth over the forecast period. However, the European region is projected to experience considerable growth in the Automatic Ticket Vending Machine market
Global Automatic Ticket Vending Machine Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold a Prominent Share in the Global Automatic Ticket Vending Machine Market
The Asia-Pacific region is expected to hold a prominent share in the global automatic ticket vending machine market owing to rising railway passenger traffic and increasing investment in renovation projects regarding airports and commercial infrastructure. Governmental authorities in this region are profoundly investing in infrastructural projects and are opting for partnerships to gain a competitive advantage in the market. For instance, in October 2019, the Indian Railways launched the one-touch ATVM at 42 suburban stations to facilitate fast ticketing for commuters in Mumbai Suburban Network. The ATVMs work on Linux software. In addition, the union budget for 2022-2023 has allocated around $ 640 million for the replacement of ATVM machines. Both the zonal railways have more than 1,000 ATVM machines that were procured phase-wise.
Market Players Outlook
The major companies serving the global automatic ticket vending machine market include Cubic Transportation Systems, FLOWBIRD, HID Global Corp., init innovation in traffic systems SE, Scheidt & Bachmann GmbH, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2019, the Metropolitan Transit System (MTS) signed a contract with INIT Innovations in Transportation, Inc. for the delivery of an account-based, open architecture electronic fare system in San Diego. INIT will also provide more than 100 cash and about 70 cashless Ticket Vending Machines (TVM) to facilitate the convenient purchase of tickets and fare media.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automatic ticket vending machine market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Automatic Ticket Vending Machine Market
• Recovery Scenario of Global Automatic Ticket Vending Machine Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Cubic Transportation Systems
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. FLOWBIRD
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. HID Global Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. init innovation in traffic systems SE
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Scheidt & Bachmann GmbH
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
3.8. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Automatic Ticket Vending Machine Market by Type
4.1.1. Cash Payment Type
4.1.2. Non-Cash Payment Type
4.2. Global Automatic Ticket Vending Machine Market by Application
4.2.1. Cinema
4.2.2. Railway Stations
4.2.3. Subway Stations
4.2.4. Bus Stations
4.2.5. Airport
4.2.6. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AEP Ticketing Solutions
6.2. Almex Transport Solutions
6.3. Crane Payment Innovations
6.4. DUCATI Energia S.p.A.
6.5. Diebold Nixdorf, Inc.
6.6. GRGBanking
6.7. ICA chip card systems GmbH & Co. KG
6.8. Infineon Technologies AG
6.9. NXP Semiconductors N.V.
6.10. OMRON SOFTWARE Co., Ltd.
6.11. SBB
6.12. Sigma S.p.A
6.13. SPX Corp.
6.14. THALES Group
1. GLOBAL AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL CASH PAYMENT TYPE AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL NON-CASH PAYMENT TYPE AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
5. GLOBAL AUTOMATIC TICKET VENDING MACHINE IN CINEMA MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL AUTOMATIC TICKET VENDING MACHINE IN RAILWAY STATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL AUTOMATIC TICKET VENDING MACHINE IN SUBWAY STATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL AUTOMATIC TICKET VENDING MACHINE IN BUS STATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL AUTOMATIC TICKET VENDING MACHINE IN AIRPORT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL AUTOMATIC TICKET VENDING MACHINE IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
15. EUROPEAN AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. EUROPEAN AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
17. EUROPEAN AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. REST OF THE WORLD AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. REST OF THE WORLD AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
23. REST OF THE WORLD AUTOMATIC TICKET VENDING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL AUTOMATIC TICKET VENDING MACHINE MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL AUTOMATIC TICKET VENDING MACHINE MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL AUTOMATIC TICKET VENDING MACHINE MARKET, 2022-2028 (%)
4. GLOBAL AUTOMATIC TICKET VENDING MACHINE MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL CASH PAYMENT TYPE AUTOMATIC TICKET VENDING MACHINE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL NON-CASH PAYMENT TYPE AUTOMATIC TICKET VENDING MACHINE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL AUTOMATIC TICKET VENDING MACHINE MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
8. GLOBAL AUTOMATIC TICKET VENDING MACHINE IN CINEMA MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL AUTOMATIC TICKET VENDING MACHINE IN RAILWAY STATIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL AUTOMATIC TICKET VENDING MACHINE IN SUBWAY STATIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL AUTOMATIC TICKET VENDING MACHINE IN BUS STATIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL AUTOMATIC TICKET VENDING MACHINE IN AIRPORT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL AUTOMATIC TICKET VENDING MACHINE IN OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL AUTOMATIC TICKET VENDING MACHINE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. US AUTOMATIC TICKET VENDING MACHINE MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA AUTOMATIC TICKET VENDING MACHINE MARKET SIZE, 2021-2028 ($ MILLION)
17. UK AUTOMATIC TICKET VENDING MACHINE MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE AUTOMATIC TICKET VENDING MACHINE MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY AUTOMATIC TICKET VENDING MACHINE MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY AUTOMATIC TICKET VENDING MACHINE MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN AUTOMATIC TICKET VENDING MACHINE MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE AUTOMATIC TICKET VENDING MACHINE MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA AUTOMATIC TICKET VENDING MACHINE MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA AUTOMATIC TICKET VENDING MACHINE MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN AUTOMATIC TICKET VENDING MACHINE MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA AUTOMATIC TICKET VENDING MACHINE MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC AUTOMATIC TICKET VENDING MACHINE MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD AUTOMATIC TICKET VENDING MACHINE MARKET SIZE, 2021-2028 ($ MILLION)
