The global automatic ticket vending machine market is anticipated to grow at a significant CAGR of 13.2% during the forecast period. The rise in the introduction of automatic ticket vending machines (ATVMs) by governmental bodies to minimize public gatherings and reduce the transaction time and waiting time of passengers to bolster the market growth. For instance, in 2019, the Government of India, Ministry of Railways, launched a One-touch ticketing facility through ATVMSs in 486 ATVMs over Western Railway and 92 ATVMs over Central Railway in Mumbai Suburban Railway Network. In One-touch ATVMs, unreserved tickets can be bought for 20 select destination stations and passengers can get the ticket within 6 seconds. These initiatives taken by governmental bodies for the introduction of ATVMs to render fast ticketing are driving the growth of the global automatic ticket vending machine market.
Get Free Sample link @ https://www.omrglobal.com/request-sample/automatic-ticket-vending-machine-market
The COVID-19 pandemic has caused complete disorder in global supply chains which resulted in several trade barriers all over the world. The spread of the COVID-19 pandemic has negatively impacted the global Automatic Ticket Vending Machine Market, due to restrictions imposed by the government of different regions. Due to supply chain execution and stoppage of public transport ATVM machines were suspended for a brief period. However, the upliftment of lockdown and relaxation of restrictions has restarted the service again to make the ticketing process convenient for commuters.
A full report of Global Automatic Ticket Vending Machine Market available @ https://www.omrglobal.com/industry-reports/automatic-ticket-vending-machine-market
- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Automatic Ticket Vending Machine Market by Type
- Cash Payment Type
- Non-Cash Payment Type
Global Automatic Ticket Vending Machine Market by Application
- Cinema
- Railway Stations
- Subway Stations
- Bus Stations
- Airport
- Others
Regional Analysis
- 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
Company Profiles
- AEP Ticketing Solutions
- Almex Transport Solutions
- Crane Payment Innovations
- DUCATI Energia S.p.A.
- Diebold Nixdorf, Inc.
- GRGBanking
- ICA chip card systems GmbH & Co. KG
- Infineon Technologies AG
- NXP Semiconductors N.V.
- OMRON SOFTWARE Co., Ltd.
- SBB
- Sigma S.p.A
- SPX Corp.
- THALES Group
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automatic ticket vending machine market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automatic-ticket-vending-machine-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
