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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Automatic Ticket Machine Market Growth
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.
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.
Automatic Ticket Machine Market Report Snapshots
Automatic Ticket Machine Market Size
Automatic Ticket Machine Market Growth
Automatic Ticket Machine Companies
*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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