Global Automatic Fare Collection (AFC) Station Equipment Market Growth (Status and Outlook) 2025-2031

According to this study, the global Automatic Fare Collection (AFC) Station Equipment market size will reach US$ 9529 million by 2031.

Automatic Fare Collection (AFC) Station Equipment is a contactless smartcard-based end-to-end solution for fare collection and payment. AFC machine is the equipment used in the automatic fare collection system. The elements of AFC system are:Ticket vending machines (TVMs), where passengers can buy a ticket for their journey; Ticket office machines (TOMs), used by railway staff to issue tickets at stations; Fare gates, which form a barrier between the "unpaid" area of the station and the "paid" area where passengers must possess a valid ticket. The fare gate will read and release the gate when a valid ticket is presented.

Global key players of automatic fare collection (AFC) station equipment include Cubic Corporation, Thales Group, Omron Corporation, The Nippon Signal, Scheidt & Bachmann, etc. The top five players hold a share over 37%. Asia-Pacific is the largest market, has a share about 44%, followed by Europe, and North America, with share 27% and 21%, separately.

1. Rapid Urbanization and Rising Passenger Numbers

Urban centers are growing rapidly, with millions of people relying daily on metro, rail, bus, and other public transport networks. To manage increasing footfall efficiently, operators need robust machines that automate ticketing, top-ups, and access control. AFC Machines help reduce congestion at ticket counters and station gates, streamlining passenger flow.

2. Government Investments in Smart City and Smart Transport Projects

Many governments have launched smart city programs aimed at modernizing urban mobility. Automated fare collection is a core part of these programs, with AFC Machines playing a crucial role. Funding and policy support for digital ticketing, real-time passenger information, and integrated mobility solutions are driving demand for advanced machines.

3. Growing Adoption of Cashless and Contactless Payment Technologies

Passengers increasingly prefer tap-and-go payments using smart cards, mobile wallets, or contactless bank cards. AFC Machines have evolved to support these trends — modern ticket vending machines, gates, and validators can process mobile QR codes, NFC payments, and open-loop transactions. The shift away from cash reduces handling costs and supports hygiene.

4. Demand for Improved Revenue Protection and Fraud Reduction

Revenue leakage due to fare evasion and manual ticketing errors remains a significant issue for many transport operators. AFC Machines ensure proper fare validation, keep detailed electronic records, and minimize human error. Automatic gates prevent unpaid entry and exit, acting as a physical barrier against fare dodging.

LPI (LP Information)' newest research report, the “Automatic Fare Collection (AFC) Station Equipment Industry Forecast” looks at past sales and reviews total world Automatic Fare Collection (AFC) Station Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected Automatic Fare Collection (AFC) Station Equipment sales for 2025 through 2031. With Automatic Fare Collection (AFC) Station Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automatic Fare Collection (AFC) Station Equipment industry.

This Insight Report provides a comprehensive analysis of the global Automatic Fare Collection (AFC) Station Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Automatic Fare Collection (AFC) Station Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automatic Fare Collection (AFC) Station Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automatic Fare Collection (AFC) Station Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automatic Fare Collection (AFC) Station Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of Automatic Fare Collection (AFC) Station Equipment market by product type, application, key players and key regions and countries.

Segmentation by Type:
Fare Gates
Ticket Vending Machine
Ticket Checking Machine
Booking Office Machine
Other

Segmentation by Application:
Railway
Bus
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cubic Corporation
Thales Group
Omron Corporation
The Nippon Signal
Scheidt & Bachmann
GMV
Indra Company
Gunnebo
LECIP Group
UniTTEC
Huaming
INIT
Huahong Jitong
Genfare
Bonin Fortune Access Equipment
Haiputian Intelligent Technology

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