Press release
Global Transportation Ticket Vending Machine (TVM) Industry is projected to reach 180 Million US$ by 2025
In terms of production side, this report researches the Transportation Ticket Vending Machine (TVM) capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Transportation Ticket Vending Machine (TVM) by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
Transportation Ticket Vending Machine (TVM) is a convenient way to purchase one way and day passes. Ticket machines dispense train tickets at railway stations, transit tickets at metro stations and tram tickets at some tram stops and in some trams. The typical transaction consists of a user using the display interface to select the type and quantity of tickets and then choosing a payment method of cash, credit/debit card or smartcard. The ticket or tickets are printed and dispensed to the user.
In the coming years there is an increasing demand for Transportation Ticket Vending Machine (TVM) in the regions of North America and Europe that is expected to drive the market for more advanced Transportation Ticket Vending Machine (TVM). Growth in government budgets in the principal countries, increasing of subway stations fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Transportation Ticket Vending Machine (TVM) will drive growth in United States and Europe markets.
Globally, the Transportation Ticket Vending Machine (TVM) industry market is low concentrated as the manufacturing technology of Transportation Ticket Vending Machine (TVM) is relatively matures than some high-tech equipment. And some enterprises, like Parkeon, Xerox, Omron, Scheidt & Bachmann, etc. are well-known for the wonderful performance of their Transportation Ticket Vending Machine (TVM) and related services. At the same time, Europe, occupied 33.57% production market share in 2016, is remarkable in the global Transportation Ticket Vending Machine (TVM) industry.
The consumption volume of Transportation Ticket Vending Machine (TVM) is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Transportation Ticket Vending Machine (TVM) industry may not keep that fast. But it is surely forecasted that the market of Transportation Ticket Vending Machine (TVM) is still promising.
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The Transportation Ticket Vending Machine (TVM) market was valued at 130 Million US$ in 2017 and is projected to reach 180 Million US$ by 2025, at a CAGR of 3.9% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Transportation Ticket Vending Machine (TVM).
This report includes the following manufacturers; we can also add the other companies as you want.
Parkeon
Xerox
Omron
Scheidt & Bachmann
Wincor Nixdorf
Genfare
ICA Traffic
IER
DUCATI Energia
Sigma
GRG Banking
AEP
Beiyang
Potevio
Shanghai Huahong
Market Segment by Product Type
Non-cash Payment Type
Cash Payment Type
Market Segment by Application
Subway Stations
Railway Stations
Bus Stations
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