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Global Passenger Ticket Vending Machine (TVM) Market 2017-2021

Global Passenger Ticket Vending Machine (TVM) Market 2017-2021

About Passenger Ticket Vending Machine (TVM)

A ticket machine, also known as a Ticket Vending Machine (TVM), is a vending machine, which produces tickets. Passenger ticket machines dispense tickets at railway stations, subway stations, bus stations, and airports. A typical transaction in TVMs consists of a passenger user using the display interface to select the quantity and type of tickets. Following this, the passenger selects a payment method, which can be either cash, smartcard or credit/debit card. The tickets are printed and dispensed to the passenger user.

Technavio’s analysts forecast the global passenger ticket vending machine (TVM) market to grow at a CAGR of 4.06% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global passenger ticket vending machine (TVM) market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Passenger Ticket Vending Machine (TVM) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • innovation in traffic systems
  • Omron
  • Parkeon
  • Scheidt & Bachmann
  • Xerox
Other prominent vendors
  • AEP
  • DUCATI Energia
  • Genfare
  • GRGBanking
  • ICA
  • IER
  • Sigma
  • Shanghai Huahong
Market driver
  • Increasing cashless vending by NFC technology
  • For a full, detailed list, view our report
Market challenge
  • High initial investment in TVMs
  • For a full, detailed list, view our report
Market trend
  • Emergence of distinct connected TVM
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Passenger Ticket Vending Machine (TVM) Market 2017-2021

Technavio recognizes the following companies as the key players in the global passenger ticket vending machine (TVM) market: innovation in traffic systems, Omron, Parkeon, Scheidt & Bachmann, and Xerox.

Other Prominent Vendors in the market are: AEP, DUCATI Energia, Genfare, GRGBanking, ICA, IER, Sigma, and Shanghai Huahong.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of distinct connected TVM. Embedded system-based TVMs are a modified form of mechanical TVMs used for ticketing purposes. However, this creates problems at times. To ensure that passengers have no issues while handling a TVM, innovative technology is being developed, which incorporates Zigbee techniques and radio frequency identification (RFID) to provide tickets, that are vended using smart cards.”

According to the report, one driver in the market is increasing cashless vending by NFC technology. Cashless payments in vending machines increased at a significant rate of 35%-40% during 2014-2016. This growth is mainly due to the customers’ current preference to pay for their purchases by mobile devices or credit and debit cards instead of paying by cash. To increase their sales, companies are installing vending machines that accept credit or debit cards and mobile payments. In places, such as railway stations, metro stations, and subway stations, cashless TVMs are becoming popular. As a result, cashless vending is expected to drive the global passenger TVM market.

Further, the report states that one challenge in the market is high initial investment in TVMs. Transport operators require a huge capital investment for procuring the software and hardware of TVM. The TVM software and hardware are customized according to the needs of the end-users. Such customization is generally outsourced by vendors to various manufacturers and third-party software developers that involve huge costs. The cost of manufacturing a TVM is also high, as there is huge cost-based competition among vendors. To sustain and maintain their presence in the TVM manufacturing market, vendors must launch innovative products that require huge R&D investment.

Companies Mentioned

innovation in traffic systems, Omron, Parkeon, Scheidt & Bachmann, and Xerox, AEP, DUCATI Energia, Genfare, GRGBanking, ICA, IER, Sigma, and Shanghai Huahong.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global passenger TVM market overview
    • Market size and forecast
      • Table Global passenger TVM market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global passenger TVM market by type of application
      • Table Global passenger TVM market by type of application 2016-2021 (% revenue)
      • Table Global passenger TVM market 2017-2021 (Y-o-Y growth rate)
    • Global passenger TVM market by railway stations
      • Table Global passenger TVM market by railway stations 2016-2021 ($ millions)
      • Table Major railway stations or services comprising TVM in various countries
    • Global passenger TVM market by subway stations
      • Table Global passenger TVM market by subway stations 2016-2021 ($ millions)
      • Table Major subway stations or services comprising TVM in various countries
    • Global passenger TVM market by bus stations
      • Table Global passenger TVM market by bus stations 2016-2021 ($ millions)
      • Table Major bus station or services comprising TVM in various countries
    • Global passenger TVM market by airports
      • Table Global passenger TVM market by airports 2016-2021 ($ millions)
      • Table Major airports comprising of TVMs in various countries
  • Regional landscape
    • Geographical segmentation
      • Table Global passenger TVM market by geography 2016-2021 (% revenue)
      • Table Global passenger TVM market by geography 2017-2021 (Y-o-Y growth rate)
      • Table Regional comparison
    • Americas – market size and forecast
      • Table Americas – market size and forecast ($ millions)
      • Table Americas – Year-over-year growth
      • Table Top 3 countries in Americas
    • APAC – market size and forecast
      • Table APAC – market size and forecast ($ millions)
      • Table APAC- Year-over-year growth
      • Table Top 3 countries in APAC
    • EMEA – market size and forecast
      • Table EMEA – market size and forecast ($ millions)
      • Table EMEA – Year-over-year growth
      • Table Top 3 countries in EMEA
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Emergence of distinct connected TVM
    • Integration of TVM in automated fare collection (AFC) system
      • Table Automated fare collection (AFC) system
    • Retrofitting of TVMs
  • Key vendor analysis
    • Competitive scenario
    • innovation in traffic systems
      • Table innovation in traffic systems: Business segmentation
      • Table innovation in traffic systems: Geographical segmentation 2016 (% revenue)
    • Omron
      • Table Omron: Business segmentation 2016 (% revenue)
    • Parkeon
      • Table Parkeon: Business segmentation
      • Table Parkeon: Parking solutions
      • Table Parkeon: Transportation solutions
    • Scheidt & Bachmann
    • Xerox
      • Table Xerox: Geographical segmentation 2016 (% revenue)
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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