Market Overview:
The global Automatic Fare Collection (AFC) Machine market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for AFC machines in the rail & transit solution and entertainment solution applications. North America is expected to hold the largest share of the global AFC machine market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific is projected to witness highest growth during the forecast period owing to rising adoption of AFC machines in countries such as China and India.
 Machine Industry Outlook.svg)
Product Definition:
An Automatic Fare Collection (AFC) Machine is a machine that is used to collect fares from passengers using public transportation. The importance of Automatic Fare Collection (AFC) Machines is that it speeds up the process of paying for fares, which allows passengers to board public transportation more quickly.
Ticket Vending Machine:
Ticket vending machines, also known as smart card or contactless ticket machine, are used by public transportation agencies for the purpose of automatic fare collection. These machines constitute a significant share in the global market and have been witnessing rapid growth over the past few years owing to several benefits offered by them such as reduced operating costs and increased passenger safety.
Ticket Office Machine:
Ticket Office Machine (TOM) is a device used in an AFC machine for the collection of fares. It is also known as a ticket reader or validator. The main function of TOM is to validate the transit pass and return it with validated value back to the source from where it came.
Application Insights:
The rail & transit solution segment dominated the global automatic fare collection (AFC) machine market in 2017, accounting for over 60.0% share of the overall revenue. The segment is projected to expand further at a steady CAGR from 2018 to 2030 owing to increasing investments in railways across various regions coupled with rising passenger traffic on account of economic growth and urbanization will drive demand for AFC machines.
The entertainment solution segment accounted for a significant share in the global automatic fare collection (AFC) machine market and is expected to grow at an anticipated CAGR over the forecast period due to growing consumer preference towards convenience along with cost-effectiveness and ease of use as compared with manual ticketing systems. Furthermore, introduction of smart card technology that enables customers access into entertainment areas such as sports stadiums will boost industry growth further.
Other applications include railway stations, airports.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in metro and rapid transit systems, high usage of electronic tickets, presence of large travel and tourism industry as well as favorable government regulations & policies regarding fare collection machines.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing adoption of AFC machines by mass transport operators for collecting fares on a large scale at low cost while simultaneously providing services with minimal staff requirement thus making it an ideal solution for such operators. Furthermore, growing trend toward automation across various industries will drive demand further especially in developing countries such as India & China which are also major manufacturing hubs for these solutions thereby driving regional market growth over the forecast period.
Growth Factors:
- Increasing demand for AFC machines from the transportation sector as it offers convenience and security to passengers
- Growing demand for AFC machines from the retail sector as it helps in reducing queue time and improving customer satisfaction
- Rising adoption of NFC-based payments, which is benefiting the AFC machine market
- Proliferation of smart cities, which is leading to an increase in investments in AFC systems
- The increasing number of tourists worldwide is also propelling the growth of the global AFC machine market
Scope Of The Report
Report Attributes
Report Details
Report Title
Automatic Fare Collection (AFC) Machine Market Research Report
By Type
Ticket Vending Machine, Ticket Office Machine, Fare Gates
By Application
Rail & Transit Solution, Entertainment Solution, Others
By Companies
Cubic, Thales, Omron, Samsung SDS, The Nippon Signal, ST Electronics, Gunnebo, Scheidt & Bachmann, Indra Company, Shanghai Potevio Company Limited, NXP Semiconductors, United, Huaming, Advance Cards Systems, Huahong Jitong, GaoXin Modern, LECIP Group, GRG Banking, Easyway, KML Engineering Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Automatic Fare Collection (AFC) Machine Market Report Segments:
The global Automatic Fare Collection (AFC) Machine market is segmented on the basis of:
Types
Ticket Vending Machine, Ticket Office Machine, Fare Gates
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Rail & Transit Solution, Entertainment Solution, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cubic
- Thales
- Omron
- Samsung SDS
- The Nippon Signal
- ST Electronics
- Gunnebo
- Scheidt & Bachmann
- Indra Company
- Shanghai Potevio Company Limited
- NXP Semiconductors
- United
- Huaming
- Advance Cards Systems
- Huahong Jitong
- GaoXin Modern
- LECIP Group
- GRG Banking
- Easyway
- KML Engineering Limited
 Machine Market Overview.svg)
Highlights of The Automatic Fare Collection (AFC) Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ticket Vending Machine
- Ticket Office Machine
- Fare Gates
- By Application:
- Rail & Transit Solution
- Entertainment Solution
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automatic Fare Collection (AFC) Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An Automatic Fare Collection Machine (AFC) is a machine used to automatically collect fares from passengers boarding buses, trains and other modes of transportation.
Some of the major companies in the automatic fare collection (afc) machine market are Cubic, Thales, Omron, Samsung SDS, The Nippon Signal, ST Electronics, Gunnebo, Scheidt & Bachmann, Indra Company, Shanghai Potevio Company Limited, NXP Semiconductors, United, Huaming, Advance Cards Systems, Huahong Jitong, GaoXin Modern, LECIP Group, GRG Banking, Easyway, KML Engineering Limited.
The automatic fare collection (afc) machine market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automatic Fare Collection (AFC) Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automatic Fare Collection (AFC) Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automatic Fare Collection (AFC) Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automatic Fare Collection (AFC) Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automatic Fare Collection (AFC) Machine Market Size & Forecast, 2018-2028
4.5.1 Automatic Fare Collection (AFC) Machine Market Size and Y-o-Y Growth
4.5.2 Automatic Fare Collection (AFC) Machine Market Absolute $ Opportunity
Chapter 5 Global Automatic Fare Collection (AFC) Machine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automatic Fare Collection (AFC) Machine Market Size Forecast by Type
5.2.1 Ticket Vending Machine
5.2.2 Ticket Office Machine
5.2.3 Fare Gates
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automatic Fare Collection (AFC) Machine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automatic Fare Collection (AFC) Machine Market Size Forecast by Applications
6.2.1 Rail & Transit Solution
6.2.2 Entertainment Solution
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automatic Fare Collection (AFC) Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automatic Fare Collection (AFC) Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automatic Fare Collection (AFC) Machine Analysis and Forecast
9.1 Introduction
9.2 North America Automatic Fare Collection (AFC) Machine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automatic Fare Collection (AFC) Machine Market Size Forecast by Type
9.6.1 Ticket Vending Machine
9.6.2 Ticket Office Machine
9.6.3 Fare Gates
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automatic Fare Collection (AFC) Machine Market Size Forecast by Applications
9.10.1 Rail & Transit Solution
9.10.2 Entertainment Solution
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automatic Fare Collection (AFC) Machine Analysis and Forecast
10.1 Introduction
10.2 Europe Automatic Fare Collection (AFC) Machine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automatic Fare Collection (AFC) Machine Market Size Forecast by Type
10.6.1 Ticket Vending Machine
10.6.2 Ticket Office Machine
10.6.3 Fare Gates
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automatic Fare Collection (AFC) Machine Market Size Forecast by Applications
10.10.1 Rail & Transit Solution
10.10.2 Entertainment Solution
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automatic Fare Collection (AFC) Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automatic Fare Collection (AFC) Machine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automatic Fare Collection (AFC) Machine Market Size Forecast by Type
11.6.1 Ticket Vending Machine
11.6.2 Ticket Office Machine
11.6.3 Fare Gates
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automatic Fare Collection (AFC) Machine Market Size Forecast by Applications
11.10.1 Rail & Transit Solution
11.10.2 Entertainment Solution
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automatic Fare Collection (AFC) Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America Automatic Fare Collection (AFC) Machine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automatic Fare Collection (AFC) Machine Market Size Forecast by Type
12.6.1 Ticket Vending Machine
12.6.2 Ticket Office Machine
12.6.3 Fare Gates
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automatic Fare Collection (AFC) Machine Market Size Forecast by Applications
12.10.1 Rail & Transit Solution
12.10.2 Entertainment Solution
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automatic Fare Collection (AFC) Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automatic Fare Collection (AFC) Machine Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automatic Fare Collection (AFC) Machine Market Size Forecast by Type
13.6.1 Ticket Vending Machine
13.6.2 Ticket Office Machine
13.6.3 Fare Gates
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automatic Fare Collection (AFC) Machine Market Size Forecast by Applications
13.10.1 Rail & Transit Solution
13.10.2 Entertainment Solution
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automatic Fare Collection (AFC) Machine Market: Competitive Dashboard
14.2 Global Automatic Fare Collection (AFC) Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cubic
14.3.2 Thales
14.3.3 Omron
14.3.4 Samsung SDS
14.3.5 The Nippon Signal
14.3.6 ST Electronics
14.3.7 Gunnebo
14.3.8 Scheidt & Bachmann
14.3.9 Indra Company
14.3.10 Shanghai Potevio Company Limited
14.3.11 NXP Semiconductors
14.3.12 United
14.3.13 Huaming
14.3.14 Advance Cards Systems
14.3.15 Huahong Jitong
14.3.16 GaoXin Modern
14.3.17 LECIP Group
14.3.18 GRG Banking
14.3.19 Easyway
14.3.20 KML Engineering Limited
