The global automatic ticket vending machine market is anticipated to grow at a significant CAGR of 13.2% during the forecast period (2022-2028). To gain the competitive advantage, key players in the market are emphasizing on machine innovation and enhanced features with the help of technological developments. Owing to these developments, automatic ticket generation is attracting a larger number of passengers. Moreover, these technologies offer delivery speed, and reliability and reduces the chances of operational failure. The manufacturers are competing in the market and are introducing smart its fare payment solutions to facilitate public transportation.
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For instance, in 2022, Flowbird Transport Intelligence announced its plans to expand its fare payment solutions for Metro Transit, the public transportation operator in the Minneapolis-St. Paul area of Minnesota. The expansion includes 185 Strada StreetSmart Ticket Vending Machines (TVMs), including Flowbird’s cloud-based analytics platform, Flowbird Hub, that will service the agency’s new bus rapid transit (BRT) routes. The TVMs features an easy-to-read 9.7-inch touch screen and allow riders to conveniently purchase fare tickets on-site before boarding. Each machine is capable of accepting a variety of payment methods including coins, bills, credit and debit cards, and contactless payments. Riders are also given option to choose from several different language options.
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- 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
Global Automatic Ticket Vending Machine Market Report Segment
By Type
- Cash Payment Type
- Non-Cash Payment Type
By Application
- Cinema
- Railway Stations
- Subway Stations
- Bus Stations
- Airport
- Others
Global Automatic Ticket Vending Machine Market Report Segment by Region
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
- Latin America
- Middle East & Africa
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.
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