Automatic Ticket Machine Market Size, Share, Growth Analysis, By Payment Type(Smart Card Payment, Cash Payment, Others), By Application(Public Transport, Entertainment, Gaming, Others), By Region - Industry Forecast 2024-2031

Asia Pacific dominated the global market in 2021. The continually increasing investment in commercial real estate in China and India, developing nations, is one of the main factors contributing to the region's dominant position on the market. Additionally, the region's accelerating urbanization and rising demand for public transportation are both positive signs for the local market. Increasing train passenger numbers and rising financial support for airport and commercial infrastructure renovations governmental bodies in this region are making significant investments in infrastructure projects and choosing to form alliances to obtain a competitive edge in the market. For instance, the Indian Railways introduced the one-touch ATVM at 42 suburban stations in October 2019 to enable quick ticketing for commuters in the Mumbai Suburban Network. The ATVMs run Linux-based software. For the replacement of ATVM machines, the union budget for 2022–2023 has set aside about USD 640 million. More than 1,000 ATVMs that were purchased in phases are present on both zonal railways.

Due to the significant presence of manufacturers of ticket vending machines in the member states of the European Union (EU), significant growth is anticipated in Europe. On the other hand, due to the rising demand for smart ticketing systems from the rural areas of the US and Canada, the North American market is anticipated to have a period of strong expansion.