PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1309262
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1309262
Passenger Ticket Vending Machine Market Overview
According to SPER Market Research, 'Automatic Ticket Machine Market Size- By Application, By Component, By Input Type, By Payment Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Passenger Ticket Vending Machine Market is predicted to reach USD 1.27 billion by 2033 with a CAGR of 4.63%.
An Automated device known as a passenger ticket vending machine creates paper or electronic tickets utilising a variety of methods of payment, such as smart cards, cash, coins or NFC technology. These machines are commonly located at airports, train stations, bus stops, and subway stations, where they facilitate the issuance of fare tickets. They provide a fast and convenient ticketing solution, eliminating the requirement for lengthy queues at public transportation hubs and serving as an efficient alternative to conventional ticketing systems.
The COVID-19 pandemic has had a significant impact on the Passenger Ticket Vending Machine market. The lockdowns and reduced economic activity implemented by governments around the world led to a significant reduction in the supply chain execution, regulatory and policy changes, reliance on labour, working capital management, liquidity and solvency management, and liquidity and solvency management are the main risk concerns for market participants in passenger ticket vending machines.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Application, By Component, By Input Type, By Payment Type
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Scheldt & Bachmann GmbH, Xerox Corporation, OMRON CORPORATION, THALES GROUP, AEP Ticketing Solutions S.r.l., Init innovation in traffic systems SE, DUCATI ENERGIA SPA, Sigma S.p.A, ICA Chipkartensysteme GmbH & Co. KG, FLOWBIRD, Others.
Passenger Ticket Vending Machine Market Segmentation:
By Application: Based on the Application Method, Global Ticket Vending Machine Market is segmented as; Airports, Bus Station, Railway Station, Subway Station, Tram Stations, Ferry Terminals, Others.
By Component: Based on the Component, Global Passenger Ticket Vending Machine Market is segmented as; Hardware, Software, Services, Others.
By Input Type: Based on the Product, Global Passenger Ticket Vending Machine Market is segmented as; Smart Card, Near Field Communications.
By Payment Type: Based on the End User, Global Passenger Ticket Vending Machine Market is segmented as; Cash Payment, Cashless Payment.