The increasing dependence of urban commuters on metros will create a new growth avenue for this market, observes Fortune Business Insights™ in its recent report, titled “Automatic Ticket Machine Market Size, Share & Industry Analysis, By Payment Type (Smart Card Payment, Cash Payment, and Mobile Payment), By Application (Public Transport, Entertainment & Gaming, and Others), and Regional Forecast, 2020-2027”. According to the Belgium-based International Association of Public Transport (UITP), by the end of 2017, metro systems across 178 countries were carrying an average of 168 million passengers per day. The total yearly ridership in 2017 stood at 53,768 million passengers. The global automatic ticket machine market size is projected to reach USD 6.31 billion by 2027, exhibiting a CAGR of 13.2% during the forecast period. The surging number of passengers in urban areas will necessitate efficient systems powered by modern technologies to ensure that the flow of commuters is managed smoothly with minimal disruptions. In this respect, automatic ticket machines (ATMs) provide the optimal solution as they eliminate the need for human monitoring and intervention, freeing up resources for more productive uses.
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As per the findings of the report, the value of the market stood at USD 2.36 billion in 2019. The other highlights of the report include:
- -Accurate computation of market figures;
- -Comprehensive analysis of the factors, trends, and restraints shaping the size, share, and growth of the market;
- -A careful study of market segments; and
- -Detailed examination of the regional dynamics and competitive milieu of the market.
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Tie-ups between Players and Government Bodies to Characterize Market Competition
Competition in the market for automatic ticket vending machines is centered around the increasing number of collaborations among key players and government authorities. These tie-ups are enabling market players to strengthen their position, while governments are leveraging private sector capabilities to make transport systems more efficient.
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List of Companies Profiled in the Automatic Ticket Machine Market Report:
- SBB (Bern, Switzerland)
- HID Global Corporation/ASSA ABLOY AB (California, U.S.)
- Almex Transport (Durban, South Africa)
- Scheidt & Bachmann GmbH (Mönchengladbach, Germany)
- Infineon Technologies AG (Neubiberg, Germany)
- Xerox Corporation (Connecticut, U.S.)
- Diebold Nixdorf, Incorporated (Ohio, U.S.)
- Cubic Corporation (California, U.S.)
- Gemalto NV (Amsterdam, Netherlands)
- NXP Semiconductors (Eindhoven, Netherlands)
- CPI Card Group Inc. (Colorado, U.S.)
- Parkeon (Paris, France)
Table Of Content Automatic Ticket Machine Market
1.1 Definition, By Segment
1.2 Research Approach
2. Executive Summary
3. Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends
4. Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Forces Analysis
- COVID-19 Outbreak: Impact on Automatic Ticket Machine Industry
5. Global Automatic Ticket Machine Market Analysis, Insights and Forecast, 2016-2027
5.1 Key Findings / Summary
5.2 Market Size Estimates and Forecasts
5.3 By Payment Type
- Smart Card Payment
- Cash Payment
- Mobile Payment
5.4 By Application (Value)
- Public Transport (Air, Rail, Bus)
- Entertainment & Gaming
- Others (Bank, Parking Area)
5.5 By Region (Value)
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Key Research Objectives
- Automatic Ticket Machine Market size and growth rate by various segments at global and regional level for the 2015-2026 period, with 2015-2017 as historical data, 2018 as base year and 2019-2026 as forecast period
- Overall market size and growth rate for key countries for the 2015-2026 period
- Market dynamics – Market drivers, restraints, trends and opportunities
- Technological and market developments shaping the market
- Competitive analysis
- Profiles of key companies operating in the Automatic Ticket Machine Market
- Key insights
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