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.
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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.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , 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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