The Procurement Resource Ticket Machine industry report gives a complete analysis of the ticket machine market trends, drivers, developments, and other important attributes.
The global Ticket Machine market size obtained a total value of about USD 7905.00 million in the year 2021. The market share is expected to grow over the forecast period of 2022–2027 at a CAGR of around 9.40 percent, reaching a value of nearly USD 13550.00 million by 2027.
The increased efficiency offered by the machine system is propelling the Ticket Machine market development.
Regionally North America is the highest category spender, driving the demand for the Ticket Machine industry.
Ticket machines are utilised to create tickets to provide to the people mechanically on the spot. The ticket machine market includes the payment stored and building component, the operational equipment, the ticket printer, and the device unit. Some are used to collect money by selling lottery tickets or railway tickets; others dispense bus passes, and their uses vary worldwide.
The Ticket Machine market comprises segments by Component (Software, Hardware), Payment Type (Smart Card Payment, Cash Payment and Mobile Payment, Others), Application (Buses, Railways, Sports, Entertainment, Parking Area, Others), Product Type (Vending Machine, Kiosk Counter, Handheld Electronic Machine, Others), and Region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
By eliminating the need to print tickets, the ticket machine also removed the necessity of overhead transportation and account teams to oversee local operations, giving the ticket machine market in North America region the most significant stake in the global market.
As it is time-efficient and self-operated, there is a considerable ticket machines market demand that is propelling the industry. In addition, the high demand for ticketing services from the sports, entertainment, and tourism sectors is furthering the industry's Ticket Machine expansion market.
The sector is growing due to several important causes, including increased adoption of blockchain technology, machine-assisted, low-cost access to rapid transportation, and the removal of the need for printed tickets due to the invention of the ticket machine. This is in turn impacting the ticket machine market price.
However, the operational network's failure, paired with high initial investments, is hampering the market growth.
Ticket machines are often used for amusement parks, movie theatres, parking garages, and those that issue free tickets — for instance, virtual queueing. Ticket machines that gave paper tickets or tokens each had a value of one fare.
Then, the fair value is placed onto stored-value cards. The quantity that passengers load need not match any fee; it might be any amount that falls inside a range. The cards may be topped off with any amount of money that fell within a specific range until the day they expired.
The industry is being propelled by the properties of the machine being time-saving and self-operating. Moreover, the lowered liability of transferring costs and the accountancy workforce to follow the procedure further boost the market growth.
The data gets delivered to the ticket machines prior, and the ticket machines are organised at the warehouse or location at the close of the day since the ticket machine operates not including any worker and provides accessibility, subsequently improving the requirement for ticket devices.
An e-ticket is delivered by various ticket machines, which provides benefits without concern of losing or ticketing. It eliminates the need to carry a basic ticket because it is accessible in an automated layout. Owing to this, the Ticket Machine market is observing a significant level of expansion.
The regional markets in the industry are Latin America, North America, South Africa, the Asia Pacific, the Middle East, and Europe.
The key participants in the Ticket Machine market are focusing their efforts on market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, and other initiatives.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Ticket Machine Market Analysis
8.1 Key Industry Highlights
8.2 Global Ticket Machine Historical Market (2017-2021)
8.3 Global Ticket Machine Market Forecast (2022-2027)
8.4 Global Ticket Machine Market by Component
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.5 Global Ticket Machine Market by Product Type
8.5.1 Vending Machine
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.5.2 Handheld Electronic Machine
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.5.3 Kiosk Counter
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.6 Global Ticket Machine Market by Payment Type
8.6.1 Smart Card Payment
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.6.2 Cash Payment
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.6.3 Mobile Payment
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.7 Global Ticket Machine Market by Application
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.7.5 Parking Area
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.8 Global Ticket Machine Market by Region
8.8.1 Market Share
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
22.214.171.124 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 METRIC Group Ltd
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.2 Sigma S.p.A.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.3 Scheidt & Bachmann GmbH
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.4 KIOSK Information Systems
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13 Industry Events and Developments
The global market size was valued at around USD 7905.00 million in 2021.
In the ticket machine market forecast period of 2022-2027, it is projected to grow at a CAGR of 9.40%.
The significant demand for e-tickets is one of the essential drivers of the Ticket Machine market growth.
METRIC Group Ltd, Sigma S.p.A., KIOSK Information Systems, Scheidt & Bachmann GmbH, and others are some of the most significant Ticket Machine Market Key Players.
North American region holds a major part of the ticket machine market share.
The global Ticket Machine market gained a value of USD 7905.00 million in 2021 as the ticket machine as it saves time and is self-operated. Other crucial aspects such as an affordable approach to fast transportation with the support of a device, heightened use of blockchain technology, and the reduced requirement to print the tickets due to the launch of the ticket machine are all contributing to the industry's growth.
Aided by the properties of the device being time-saving and self-operating, the market is estimated to see additional expansion in the predicted years between 2022-2027, growing at a CAGR of 9.40%. The market is estimated to achieve USD 13550.00 million by 2027.
Some of the leading players in the industry are Sigma S.p.A., METRIC Group Ltd, KIOSK Information Systems, Scheidt & Bachmann GmbH and Others.
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