Ticket machine which is also known as a ticket vending machine (TVM), is a machine that produces electronic or paper tickets or recharges a stored-value card or the user's mobile wallet or smart card, typically on a smartphone. Basically, ticket machines dispense train tickets at railway stations, tram tickets at some trams and in some tram stops, transit tickets at metro stations. The market of ticket machine is gaining opportunity due to the growing budgets of government and also increasing subway stations. While some of the factors like the emergence of e-tickets and high initial investment for the ticketing machine is hampering the overall market.This growth is primarily driven by Increasing of subway stations fields expenditures and Retrofitting and renovation of old technology.
Globally, a noticeable market trend is evident Increasing cashless vending by NFC technology
. Major Manufacturers, such as Parkeon (France), Xerox (United States), Omron (Japan), Scheidt & Bachmann (Germany), Wincor Nixdorf (Germany), Genfare (United States), ICA Traffic (Germany), IER (France), DUCATI Energia (Italy) and Sigma (Italy) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Increasing of subway stations fields expenditures
- Retrofitting and renovation of old technology
- Increasing cashless vending by NFC technology
- Emergence of distinct connected TVM
- Emergence of E-tickets lower down the ticket machine market
Growth in government budgets in the principal countries
High initial investment in a ticket machine
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