The global automatic ticket vending machine market is anticipated to grow at a significant CAGR of 13.2% during the forecast period (2022-2028). To gain the competitive advantage, key players in the market are emphasizing on machine innovation and enhanced features with the help of technological developments. Owing to these developments, automatic ticket generation is attracting a larger number of passengers. Moreover, these technologies offer delivery speed, and reliability and reduces the chances of operational failure. The manufacturers are competing in the market and are introducing smart its fare payment solutions to facilitate public transportation.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/automatic-ticket-vending-machine-market
For instance, in 2022, Flowbird Transport Intelligence announced its plans to expand its fare payment solutions for Metro Transit, the public transportation operator in the Minneapolis-St. Paul area of Minnesota. The expansion includes 185 Strada StreetSmart Ticket Vending Machines (TVMs), including Flowbird’s cloud-based analytics platform, Flowbird Hub, that will service the agency’s new bus rapid transit (BRT) routes. The TVMs features an easy-to-read 9.7-inch touch screen and allow riders to conveniently purchase fare tickets on-site before boarding. Each machine is capable of accepting a variety of payment methods including coins, bills, credit and debit cards, and contactless payments. Riders are also given option to choose from several different language options.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Cubic Transportation Systems, FLOWBIRD, HID Global Corp., init innovation in traffic systems SE, Scheidt & Bachmann GmbH, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Automatic Ticket Vending Machine Market Report Segment
By Type
By Application
Global Automatic Ticket Vending Machine Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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