Industry: Machinery & Equipment
Published Date: 2025-09-06
Pages: 106 Pages
Report ld: 4775873
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Automatic Fare Collection Machine Market Size(US$)

CAGR 2025-2031
7.1%
Market Size,2031
USD 9,190
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Automatic Fare Collection Machine market size was US$ 5614 million in 2024 and is forecast to a readjusted size of US$ 9190 million by 2031 with a CAGR of 7.1% during the forecast period 2025-2031.
An Automatic Fare Collection (AFC) Machine is a self-service device used in public transportation systems to automate ticketing, fare payment, and fare validation processes. It is a key component within a broader Automated Fare Collection System, which includes various machines, gates, software, and back-end management tools.
1. Rapid Urbanization and Rising Passenger Numbers
Urban centers are growing rapidly, with millions of people relying daily on metro, rail, bus, and other public transport networks. To manage increasing footfall efficiently, operators need robust machines that automate ticketing, top-ups, and access control. AFC Machines help reduce congestion at ticket counters and station gates, streamlining passenger flow.
2. Government Investments in Smart City and Smart Transport Projects
Many governments have launched smart city programs aimed at modernizing urban mobility. Automated fare collection is a core part of these programs, with AFC Machines playing a crucial role. Funding and policy support for digital ticketing, real-time passenger information, and integrated mobility solutions are driving demand for advanced machines.
3. Growing Adoption of Cashless and Contactless Payment Technologies
Passengers increasingly prefer tap-and-go payments using smart cards, mobile wallets, or contactless bank cards. AFC Machines have evolved to support these trends — modern ticket vending machines, gates, and validators can process mobile QR codes, NFC payments, and open-loop transactions. The shift away from cash reduces handling costs and supports hygiene.
4. Demand for Improved Revenue Protection and Fraud Reduction
Revenue leakage due to fare evasion and manual ticketing errors remains a significant issue for many transport operators. AFC Machines ensure proper fare validation, keep detailed electronic records, and minimize human error. Automatic gates prevent unpaid entry and exit, acting as a physical barrier against fare dodging.
The global Automatic Fare Collection Machine market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on revenue and forecasts across regions, by Type, and by Application for 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Automatic Fare Collection Machine market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Ticket Vending Machine in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Bus in India).
Chapter 6: Regional revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Automatic Fare Collection Machine value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Report Overview
1.1 Study Scope
1.2 Market by Type
1.2.1 Global Market Size Growth by Type: 2020 VS 2024 VS 2031
1.2.2 Fare Gates
1.2.3 Ticket Vending Machine
1.2.4 Ticket Checking Machine
1.2.5 Booking Office Machine
1.2.6 Other
1.3 Market by Application
1.3.1 Global Market Share by Application: 2020 VS 2024 VS 2031
1.3.2 Railway
1.3.3 Bus
1.3.4 Other
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Automatic Fare Collection Machine Market Perspective (2020-2031)
2.2 Global Market Size by Region: 2020 VS 2024 VS 2031
2.3 Global Automatic Fare Collection Machine Revenue Market Share by Region (2020-2025)
2.4 Global Automatic Fare Collection Machine Revenue Forecast by Region (2026-2031)
2.5 Major Region and Emerging Market Analysis
2.5.1 North America Automatic Fare Collection Machine Market Size and Prospective (2020-2031)
2.5.2 Europe Automatic Fare Collection Machine Market Size and Prospective (2020-2031)
2.5.3 China Automatic Fare Collection Machine Market Size and Prospective (2020-2031)
2.5.4 Japan Automatic Fare Collection Machine Market Size and Prospective (2020-2031)
3 Breakdown Data by Type
3.1 Global Automatic Fare Collection Machine Historic Market Size by Type (2020-2025)
3.2 Global Automatic Fare Collection Machine Forecasted Market Size by Type (2026-2031)
3.3 Different Types Automatic Fare Collection Machine Representative Players
4 Breakdown Data by Application
4.1 Global Automatic Fare Collection Machine Historic Market Size by Application (2020-2025)
4.2 Global Automatic Fare Collection Machine Forecasted Market Size by Application (2026-2031)
4.3 New Sources of Growth in Automatic Fare Collection Machine Application
5 Competition Landscape by Players
5.1 Global Top Players by Revenue
5.1.1 Global Top Automatic Fare Collection Machine Players by Revenue (2020-2025)
5.1.2 Global Automatic Fare Collection Machine Revenue Market Share by Players (2020-2025)
5.2 Global Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
5.3 Players Covered: Ranking by Automatic Fare Collection Machine Revenue
5.4 Global Automatic Fare Collection Machine Market Concentration Analysis
5.4.1 Global Automatic Fare Collection Machine Market Concentration Ratio (CR5 and HHI)
5.4.2 Global Top 10 and Top 5 Companies by Automatic Fare Collection Machine Revenue in 2024
5.5 Global Key Players of Automatic Fare Collection Machine Head office and Area Served
5.6 Global Key Players of Automatic Fare Collection Machine, Product and Application
5.7 Global Key Players of Automatic Fare Collection Machine, Date of Enter into This Industry
5.8 Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments and Downstream
6.1.1 North America Automatic Fare Collection Machine Revenue by Company (2020-2025)
6.1.2 North America Market Size by Type
6.1.2.1 North America Automatic Fare Collection Machine Market Size by Type (2020-2025)
6.1.2.2 North America Automatic Fare Collection Machine Market Share by Type (2020-2025)
6.1.3 North America Market Size by Application
6.1.3.1 North America Automatic Fare Collection Machine Market Size by Application (2020-2025)
6.1.3.2 North America Automatic Fare Collection Machine Market Share by Application (2020-2025)
6.1.4 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments and Downstream
6.2.1 Europe Automatic Fare Collection Machine Revenue by Company (2020-2025)
6.2.2 Europe Market Size by Type
6.2.2.1 Europe Automatic Fare Collection Machine Market Size by Type (2020-2025)
6.2.2.2 Europe Automatic Fare Collection Machine Market Share by Type (2020-2025)
6.2.3 Europe Market Size by Application
6.2.3.1 Europe Automatic Fare Collection Machine Market Size by Application (2020-2025)
6.2.3.2 Europe Automatic Fare Collection Machine Market Share by Application (2020-2025)
6.2.4 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments and Downstream
6.3.1 China Automatic Fare Collection Machine Revenue by Company (2020-2025)
6.3.2 China Market Size by Type
6.3.2.1 China Automatic Fare Collection Machine Market Size by Type (2020-2025)
6.3.2.2 China Automatic Fare Collection Machine Market Share by Type (2020-2025)
6.3.3 China Market Size by Application
6.3.3.1 China Automatic Fare Collection Machine Market Size by Application (2020-2025)
6.3.3.2 China Automatic Fare Collection Machine Market Share by Application (2020-2025)
6.3.4 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments and Downstream
6.4.1 Japan Automatic Fare Collection Machine Revenue by Company (2020-2025)
6.4.2 Japan Market Size by Type
6.4.2.1 Japan Automatic Fare Collection Machine Market Size by Type (2020-2025)
6.4.2.2 Japan Automatic Fare Collection Machine Market Share by Type (2020-2025)
6.4.3 Japan Market Size by Application
6.4.3.1 Japan Automatic Fare Collection Machine Market Size by Application (2020-2025)
6.4.3.2 Japan Automatic Fare Collection Machine Market Share by Application (2020-2025)
6.4.4 Japan Market Trend and Opportunities
7 Key Players Profiles
7.1 Cubic Corporation
7.1.1 Cubic Corporation Company Details
7.1.2 Cubic Corporation Business Overview
7.1.3 Cubic Corporation Automatic Fare Collection Machine Introduction
7.1.4 Cubic Corporation Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.1.5 Cubic Corporation Recent Development
7.2 Thales Group
7.2.1 Thales Group Company Details
7.2.2 Thales Group Business Overview
7.2.3 Thales Group Automatic Fare Collection Machine Introduction
7.2.4 Thales Group Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.2.5 Thales Group Recent Development
7.3 Omron Corporation
7.3.1 Omron Corporation Company Details
7.3.2 Omron Corporation Business Overview
7.3.3 Omron Corporation Automatic Fare Collection Machine Introduction
7.3.4 Omron Corporation Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.3.5 Omron Corporation Recent Development
7.4 The Nippon Signal
7.4.1 The Nippon Signal Company Details
7.4.2 The Nippon Signal Business Overview
7.4.3 The Nippon Signal Automatic Fare Collection Machine Introduction
7.4.4 The Nippon Signal Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.4.5 The Nippon Signal Recent Development
7.5 Scheidt & Bachmann
7.5.1 Scheidt & Bachmann Company Details
7.5.2 Scheidt & Bachmann Business Overview
7.5.3 Scheidt & Bachmann Automatic Fare Collection Machine Introduction
7.5.4 Scheidt & Bachmann Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.5.5 Scheidt & Bachmann Recent Development
7.6 GMV
7.6.1 GMV Company Details
7.6.2 GMV Business Overview
7.6.3 GMV Automatic Fare Collection Machine Introduction
7.6.4 GMV Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.6.5 GMV Recent Development
7.7 Indra Company
7.7.1 Indra Company Company Details
7.7.2 Indra Company Business Overview
7.7.3 Indra Company Automatic Fare Collection Machine Introduction
7.7.4 Indra Company Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.7.5 Indra Company Recent Development
7.8 Gunnebo
7.8.1 Gunnebo Company Details
7.8.2 Gunnebo Business Overview
7.8.3 Gunnebo Automatic Fare Collection Machine Introduction
7.8.4 Gunnebo Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.8.5 Gunnebo Recent Development
7.9 LECIP Group
7.9.1 LECIP Group Company Details
7.9.2 LECIP Group Business Overview
7.9.3 LECIP Group Automatic Fare Collection Machine Introduction
7.9.4 LECIP Group Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.9.5 LECIP Group Recent Development
7.10 UniTTEC
7.10.1 UniTTEC Company Details
7.10.2 UniTTEC Business Overview
7.10.3 UniTTEC Automatic Fare Collection Machine Introduction
7.10.4 UniTTEC Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.10.5 UniTTEC Recent Development
7.11 Huaming
7.11.1 Huaming Company Details
7.11.2 Huaming Business Overview
7.11.3 Huaming Automatic Fare Collection Machine Introduction
7.11.4 Huaming Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.11.5 Huaming Recent Development
7.12 INIT
7.12.1 INIT Company Details
7.12.2 INIT Business Overview
7.12.3 INIT Automatic Fare Collection Machine Introduction
7.12.4 INIT Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.12.5 INIT Recent Development
7.13 Huahong Jitong
7.13.1 Huahong Jitong Company Details
7.13.2 Huahong Jitong Business Overview
7.13.3 Huahong Jitong Automatic Fare Collection Machine Introduction
7.13.4 Huahong Jitong Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.13.5 Huahong Jitong Recent Development
7.14 Genfare
7.14.1 Genfare Company Details
7.14.2 Genfare Business Overview
7.14.3 Genfare Automatic Fare Collection Machine Introduction
7.14.4 Genfare Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.14.5 Genfare Recent Development
7.15 Bonin Fortune Access Equipment
7.15.1 Bonin Fortune Access Equipment Company Details
7.15.2 Bonin Fortune Access Equipment Business Overview
7.15.3 Bonin Fortune Access Equipment Automatic Fare Collection Machine Introduction
7.15.4 Bonin Fortune Access Equipment Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.15.5 Bonin Fortune Access Equipment Recent Development
7.16 Haiputian Intelligent Technology
7.16.1 Haiputian Intelligent Technology Company Details
7.16.2 Haiputian Intelligent Technology Business Overview
7.16.3 Haiputian Intelligent Technology Automatic Fare Collection Machine Introduction
7.16.4 Haiputian Intelligent Technology Revenue in Automatic Fare Collection Machine Business (2020-2025)
7.16.5 Haiputian Intelligent Technology Recent Development
8 Automatic Fare Collection Machine Market Dynamics
8.1 Automatic Fare Collection Machine Industry Trends
8.2 Automatic Fare Collection Machine Market Drivers
8.3 Automatic Fare Collection Machine Market Challenges
8.4 Automatic Fare Collection Machine Market Restraints
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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