What is Passenger Ticket Vending Machine Market?
The passenger ticket vending machines is vending machines which generate tickets. The vending machines dispense tickets at various places such as railways stations, subways station, airports, bus stands and others. The ticket vending machines are access by the customers through cash, smart card or credit/debit cards. The passenger ticket vending machine is beneficial in providing innovative technologies and services that improve the payment gateway & real time solution. It has been observed that the introduction of touch screen based ticketing kiosks by the key players in passenger ticket vending machines is expected to flourish the global passenger ticket vending machines market in future. The ticket vending machine companies adding more rugged hardware and a stable Linux based firmware at different end user in Asia-Pacific countries as these countries are focused on automatic systems.
The market study is being classified by Type (Fully Automatic and Semi-Automatic), by Application (Railway Station , Subway Station , Bus Stop and Airport ) and major geographies with country level break-up.
Omron (Japan), Parkeon (France), Scheidt & Bachmann (United States), Xerox (United States), AEP (United States), DUCATI Energia (Italy), Genfare (United States), GRGBanking (China) and ICA (Belgium) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are IER (France), Sigma (United States) and Shanghai Huahong (China).
In April 2016, The Department of railway expands its service by introducing automatic ticket vending machines in railway stations which is beneficial in delivering general tickets to passengers before 3 hours of the arrival of respective trains. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Passenger Ticket Vending Machine market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Passenger Ticket Vending Machine market by Type, Application and Region.
On the basis of geography, the market of Passenger Ticket Vending Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increase in Demand at Railway Stations, Subway Stations, Bus Stations and Airports.
- Rise in Popularity of Cashless Vending Techniques.
Market Trend
- Upsurge demand due digitization of industries.
- Collaboration and Tie Up Of Leading Players
Restraints
- Maintenance Cost and Failure of Operating Network Hampers the Passenger Ticket Vending Machines.
- Adverse Impact in Passenger Tickets Vending Machine Service in Rural Places.
Opportunities
- Rise in Demand of Technological Advancements in Passenger Ticket Vending Machines.
- Increase in Retrofitting of Ticket Vending Machines Boosts The Market.
Challenges
- Lack of Professional Individuals for Installation of Passenger Ticket Vending Machines.
In July 2018, Scotland’s national rail operator ScotRails introduced a Rambus’ mobile ticketing solution which is beneficial in offering one point solution such as HCE Ticket Wallet Service, buy & download tickets with their smartphones.
Key Target Audience
Passenger Ticket Vending Machines Manufacturers, Passenger Ticket Vending Machines Traders, End-Use Market Participants of Different Segments of Passenger Ticket Vending Machines, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others