Automatic Ticket Machine Market to Surge at 13.2% CAGR till 2027; Growing Pace of Urbanization Worldwide to Brighten Market Outlook

The global automatic ticket machine market size is projected to reach USD 6.31 billion by 2027, owing to increasing adoption of Artificial Intelligence-based smart ticketing solutions by governments across the globe. This analysis is shared by Fortune Business Insights™ in its report, titled “Automatic Ticket Machine Market Size, Share & Industry Analysis, By Payment Type (Smart Card Payment, Cash Payment and Mobile Payment), By Application (Public Transport, Entertainment & Gaming and Others), and Regional Forecast, 2020-2027”. The report states that the market value stood at USD 2.36 billion in 2019 and is anticipated to register a CAGR of 13.2% from 2020 to 2027.

HID Global Selected as the Official Ticket Producer for FIFA 2018

In May 2018, HID Global, the Swedish automated entrance solutions conglomerate ASSA ABLOY’s US-based secure identity solutions provider, was selected by the Fédération Internationale de Football Association (FIFA) to be the official ticket provider for the 2018 FIFA World Cup to be held in Russia. Under the contract, HID will deliver over 4 million Radio Frequency Identification (RFID) tickets for the 64 scheduled matches. The RFID-embedded tickets promise high security features to prevent forgery and illicit ticket trading. This contract would, therefore, empower HID to entrench its footprint in the market for automatic ticket machines (ATMs) and broaden its sales horizons globally.

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Corona virus Outbreak to Pose Grave Threat to Market Growth

National lockdowns and social distancing norms enforced by governments worldwide to contain the intensity of the COVID-19 pandemic have posed a major threat to the automatic ticket machine market growth. As a result of these measures, most of the activities, such as railways, that require passenger transport have come to a grinding halt, reducing their investment ability and thereby stemming the installation of ATMs in these facilities. For instance, in April 2020, the Indian Railways reported a staggering 41% drop in total earnings from goods in the first quarter of 2020. Similar losses are expected from passenger traffic as states have decided to extend their lockdowns. For example, the Indian Railway Catering and Tourism Corporation (IRCTC) reported that the daily online booking average stood at 51,175 this year, as opposed to 924,960 during the same time last year. Thus, severely diminished passenger movement through railways in India and elsewhere will inevitably dampen the growth prospects of this market.

Active Government Participation in the Market to Bolster Growth

Since automatic ticket machines are extensively utilized in optimizing public transport operations, it is only natural for governments to play an active role in enabling this transition to smart mobility. With rising emphasis on efficiency in public services, governments are taking a series of definitive steps to deliver superior transport services to citizens. This leading role of government bodies has also encourage private players to innovate and partner up with governments, which is allowing them to expand their presence in the market.

Industry Development:

• October 2019: Indian Railways introduced the “One-touch Automatic Ticket Vending Machines (One-touch ATVMs)” at 42 suburban stations operated by Central Railway. The new machines will offer fast-ticketing services to the millions of daily commuters in the Mumbai Suburban Network.

List of Key Players Covered in this Market Report:

• Diebold Nixdorf Incorporated (Ohio, U.S.)
• Cubic Corporation (California, U.S.)
• Gemalto NV (Amsterdam, Netherlands)
• NXP Semiconductors (Eindhoven, Netherlands)
• CPI Card Group Inc. (Colorado, U.S.)
• Parkeon (Paris, France)
• SBB (Bern, Switzerland)
• HID Global Corporation/ASSA ABLOY AB (California, U.S.)
• Almex Transport (Durban, South Africa)
• Scheidt & Bachmann GmbH (Mönchengladbach, Germany)
• Infineon Technologies AG (Neubiberg, Germany)
• Xerox Corporation (Connecticut, U.S.)

Further Report Findings:

• The mobile payment segment, which held a market share of 12.9% in 2019, is expected to showcase steady growth in the coming years as mobile payment tools remove the need for cash-handling and smart cards.
• With revenue generation of USD 0.75 billion in 2019, Asia-Pacific is set to command this market share in the near future, owing to heavy government investments in commercial infrastructure projects.
• The market in Latin America and the Middle East & Africa is also anticipated to grow considerably on account of rising focus on customer satisfaction in the public transport sector.

Table of Segmentation: