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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Automatic Ticket Machine Market Outlook
The global automatic ticket machine market is expected to grow at a CAGR of 11.8% during the period 2024-2032. Advancements in technology, developments in infrastructure, modernization of transportation systems, and increasing number of travellers are major drivers of the global automatic ticket machine market.
| Global Automatic Ticket Machine Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | XX |
| Market Size 2032 | USD Billion | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 11.8% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 12.2% |
| CAGR 2024-2032 - Market by Country | India | 14.0% |
| CAGR 2024-2032 - Market by Country | China | 11.7% |
| CAGR 2024-2032 - Market by Payment Type | Mobile Payment | 13.2% |
| CAGR 2024-2032 - Market by Application | Entertainment and Gaming | 12.6% |
| Market Share by Country 2023 | India | 6.1% |
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Global Market Likely to be Driven by Modernization of Transportation Systems
Automatic ticket machines are devised to provide electronic tickets to purchasers. These machines eliminate the need for manual work and cut costs by employing smart cards and cash. Automatic ticket machines are generally set up at airports, railway stations, bus stations and subway stations. The automatic, economical and time-saving solutions replace conventional ticket dispensing methods. Advantages of automatic ticket machines include enhanced security, reduced labour costs, decreased operational time, and efficient transport infrastructure. North America, Europe and Asia are expected to be key markets. However, high installation costs and issues related to network connectivity may hinder market growth.
Solutions that are Convenient, Secure and Speedily Deliver Services Expected to Drive the Global Automatic Ticket Machine Market
Speed, efficiency, security and convenience are the major parameters against which automatic ticket machines are assessed. Multi-modal services accessible through one form factor (smart card, chip paper ticket, mobile phone or wearable) would be essential to meet market needs in future. Such multi-purpose devices would be required to combine security features, payment applications, speed and performance of contactless ticketing systems. Thus, novel, faster and reliable solutions with security features offering greater protection with respect to user data would drive the market.
Smart, Scalable Solutions Based on Open Standards Likely to Boost the Market
Authorities are increasingly adopting open standard based platforms over proprietary platforms to enhance efficiency, performance and interoperability. Independent bodies give certification to open standard products and all players in the industry may join the standardization body to contribute to the standardization process. Open standards, therefore, abide by equal and transparent terms and conditions. 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.
Developing Nations Like India Likely to Contribute to Global Automatic Ticket Machine Market Growth
In developing countries like India, automatic ticket machines are being increasingly adopted to decrease passenger queues at ticket counters at establishments such as railway stations. In 2023, it was announced that Indian Railway Catering and Tourism Corporation (IRCTC) joined hands with e-payment company Paytm to offer ticketing services through automatic ticket vending machines at railway stations in India. It was reported that the service had already commenced across automatic ticket vending machines at different railway stations in India.
| 2023 Market Share by | Country |
| India | 6.1% |
| USA | XX% |
| Canada | XX% |
Market Segmentation
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| CAGR 2024-2032 - Market by | Payment Type |
| Mobile Payment | 13.2% |
| Smart Card Payment | 12.4% |
| Cash Payment | XX% |
| A14 | XX% |
| A15 | XX% |
| A16 | XX% |
By payment type, the market is segmented into:
- Smart Card Payment
- Cash Payment
- Mobile Payment
| CAGR 2024-2032 - Market by | Application |
| Entertainment and Gaming | 12.6% |
| Public Transport | XX% |
| Others | XX% |
By application, the market is classified into:
- Public Transport
- Entertainment and Gaming
- Others
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 12.2% |
| North America | 9.7% |
| Europe | XX% |
| Latin America | XX% |
| Middle East and Africa | XX% |
By region, the market is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Global Automatic Ticket Machine Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Parkeon
- Xerox Corporation
- CPI Card Group Inc.
- Infineon Technologies AG
- NXP Semiconductors
- Scheidt and Bachmann GmbH
- Gemalto NV
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| CAGR 2024-2032 - Market by | Country |
| India | 14.0% |
| China | 11.7% |
| Canada | 11.1% |
| USA | 9.6% |
| Australia | 8.3% |
| UK | XX% |
| Germany | XX% |
| France | XX% |
| Italy | XX% |
| Japan | 7.3% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Payment Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Automatic Ticket Machine Market Report Snapshots
Automatic Ticket Machine Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global automatic ticket machine market is projected to grow at a CAGR of 11.8% between 2024 and 2032.
The major drivers of the market include the modernisation of transportation systems, increasing number of travellers, a surging number of passengers in urban areas, and increasing preference for public transport.
Advancements in technology and developments in infrastructure are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of payments include smart card payment, cash payment, and mobile payment.
The significant applications are public transport, entertainment and gaming, among others.
The major players in the industry are Parkeon, Xerox Corporation, CPI Card Group Inc., Infineon Technologies AG, NXP Semiconductors, Scheidt and Bachmann GmbH, and Gemalto NV, among others.
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