Global Automatic Fare Collection (AFC) Station Equipment Market Growth 2023-2029

Global Automatic Fare Collection (AFC) Station Equipment Market Growth 2023-2029

The global Automatic Fare Collection (AFC) Station Equipment market size is projected to grow from US$ 5090.7 million in 2022 to US$ 8377.6 million in 2029; it is expected to grow at a CAGR of 8377.6 from 2023 to 2029.

Global key players of automatic fare collection (AFC) station equipment include Cubic Corporation, Thales Group, Omron Corporation, The Nippon Signal, Scheidt & Bachmann, etc. The top five players hold a share over 37%. Asia-Pacific is the largest market, has a share about 44%, followed by Europe, and North America, with share 27% and 21%, separately.

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.

LPI (LP Information)' newest research report, the “Automatic Fare Collection (AFC) Station Equipment Industry Forecast” looks at past sales and reviews total world Automatic Fare Collection (AFC) Station Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Automatic Fare Collection (AFC) Station Equipment sales for 2023 through 2029. With Automatic Fare Collection (AFC) Station Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automatic Fare Collection (AFC) Station Equipment industry.

This Insight Report provides a comprehensive analysis of the global Automatic Fare Collection (AFC) Station Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automatic Fare Collection (AFC) Station Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automatic Fare Collection (AFC) Station Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automatic Fare Collection (AFC) Station Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automatic Fare Collection (AFC) Station Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of Automatic Fare Collection (AFC) Station Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Fare Gates
Ticket Vending Machine
Ticket Checking Machine
Booking Office Machine
Other

Segmentation by application
Railway
Bus
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automatic Fare Collection (AFC) Station Equipment market?

What factors are driving Automatic Fare Collection (AFC) Station Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automatic Fare Collection (AFC) Station Equipment market opportunities vary by end market size?

How does Automatic Fare Collection (AFC) Station Equipment break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.