Passenger Ticket Vending Machine (TVM) Market:
A ticket vending machine is a machine that generates and produces electronic tickets or automatically updates a smart card or a user’s e-wallet on a smartphone. Some examples where TVMs are used are at railway stations, bus stations, movie theatres, and metro stations. These machines either produce a paper-based ticket, a token or send an e-ticket to a user’s number and/or email address. Typically a transaction on these machines involves providing the required info over a user interface (keypad or touch). They are sometimes operated by an operator to produce a ticket to the user, or there can be unmanned vending machines (Automatic Ticket Vending Machines – ATVM) that can directly be used by users.
Most countries are moving towards automated ticket vending machines. Most companies today work on an honour system, where the ticket is automatically generated and validated manually by a human immediately before its use or during, although there are automated validation machines as well. Most transit methods in the US follow the honour system.
One drawback of using an automatic vending machine can be it is prone to downtime (since it is electronic, it is inevitable) which causes an inconvenience. Another is, in the case of unmanned automatic ticket vending machines, these machines need to be pre-loaded with cash to tender change (if they are types of machines that accept hard cash) and in case they run out of change, it becomes an inconvenience.
The rapid improvement in technology is fostering the move towards ticket vending machines in all fields, however small (like parking and circus tickets).
This Passenger Ticket Vending Machine report targets the volume and value of TVMs on a global level, regional level, and company level. It provides insights into the size of the Passenger Ticket Vending Machine (TVM) market by studying historical data and future projections. To prepare this report, the manufacturing sites, capacity, production, ex-factory price, revenue and market share data was collected on a global level, from these TVM players:
- Innovation in traffic systems
- Scheidt & Bachmann
- DUCATI Energia
- Shanghai Huahong
The report is further segmented by type:
- Civil Aviation Self-Service Ticket Machines
- Train Ticket Vending Machine
- Ticket Vending Machines
And also, by application:
- Railway Stations
- Subway Stations
- Bus Stations
This market report is segmented geographically based on the production, apparent consumption, export and import of Passenger Ticket Vending Machine (TVM) in the following regions:
- North America
- Southeast Asia
India has one of the most intricate and most used railway systems in the world. The Indian government recently launched ‘One-touch ATVM’ at 42 suburban stations of the Central Railway in order to facilitate faster ticket dispensing for millions of commuters over the Mumbai Suburban Network. The Indian government aims to drastically bring down queues and wait times at railway stations through these ATVMs.
For further information on this report, visit – https://www.wiseguyreports.com/reports/4416002-global-passenger-ticket-vending-machine-tvm-market-professional-survey-report-2019
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349