Global Automatic Fare Collection (AFC) Station Equipment Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Automatic Fare Collection (AFC) Station Equipment Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Automatic Fare Collection (AFC) Station Equipment market size was valued at USD 5354.6 million in 2022 and is forecast to a readjusted size of USD 8488.7 million by 2029 with a CAGR of 6.8% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global key manufacturers of Automatic Fare Collection (AFC) equipment are Cubic Corporation, Thales Group, Omron Corporation, The Nippon Signal, Scheidt & Bachmann, GMV, Indra Company, and others. The top three manufacturers together hold 25% of the market share, with the largest manufacturer being Cubic Corporation at 10%. Global production sites are mainly distributed in North America, Europe, China and Japan. At the sales level, Asia Pacific has the largest market with a 40% market share. In terms of product categories, ticket vending machines have the largest market share with 30%, followed by fare gates and ticket checking machine with 25% and 15% respectively. In terms of applications, railway is the top application area with 55% of the market share, followed by bus with 30%.

Automatic Fare Collection System (AFC) 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.

This report is a detailed and comprehensive analysis for global Automatic Fare Collection (AFC) Station Equipment market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:

Global Automatic Fare Collection (AFC) Station Equipment market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (K USD/Unit), 2018-2029

Global Automatic Fare Collection (AFC) Station Equipment market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (K USD/Unit), 2018-2029

Global Automatic Fare Collection (AFC) Station Equipment market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (K USD/Unit), 2018-2029

Global Automatic Fare Collection (AFC) Station Equipment market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (K USD/Unit), 2018-2023

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Automatic Fare Collection (AFC) Station Equipment

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Automatic Fare Collection (AFC) Station Equipment market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Cubic Corporation, Thales Group, Omron Corporation, The Nippon Signal and Scheidt & Bachmann, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market Segmentation

Automatic Fare Collection (AFC) Station Equipment market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Fare Gates
Ticket Vending Machine
Ticket Checking Machine
Booking Office Machine
Other

Market segment by Application
Railway
Bus
Other

Major players covered
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

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Automatic Fare Collection (AFC) Station Equipment product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Automatic Fare Collection (AFC) Station Equipment, with price, sales, revenue and global market share of Automatic Fare Collection (AFC) Station Equipment from 2018 to 2023.

Chapter 3, the Automatic Fare Collection (AFC) Station Equipment competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Automatic Fare Collection (AFC) Station Equipment breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Automatic Fare Collection (AFC) Station Equipment market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of Automatic Fare Collection (AFC) Station Equipment.

Chapter 14 and 15, to describe Automatic Fare Collection (AFC) Station Equipment sales channel, distributors, customers, research findings and conclusion.