Industry: Machinery & Equipment
Published Date: 2026-01-05
Pages: 134 Pages
Report ld: 5511801
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Automatic Fare Collection (AFC) Station Equipment Market Size(US$)

CAGR 2026-2032
7.1%
Market Size,2032
USD 10,210
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Automatic Fare Collection (AFC) Station Equipment was estimated to be worth US$ 6356 million in 2025 and is projected to reach US$ 10210 million, growing at a CAGR of 7.1% from 2026 to 2032.
Automatic Fare Collection (AFC) Station Equipment 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.
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.
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.
This report provides a comprehensive view of the global market for Automatic Fare Collection (AFC) Station Equipment, covering total sales revenue, the market share and ranking of key companies, along with analyses by region & country, by Type, and by Application.
The Automatic Fare Collection (AFC) Station Equipment market size, estimations, and forecasts are presented in terms of sales revenue ($ millions), with 2025 as the base year and historical and forecast data from 2021 to 2032. The report combines quantitative and qualitative analysis to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current marketplace, and make informed business decisions regarding Automatic Fare Collection (AFC) Station Equipment.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the scope of the report and the global market size (value). It also summarizes market dynamics and recent developments; identifies key drivers and restraints; outlines challenges and risks for players; reviews relevant industry policies.
Chapter 2: Provides a detailed analysis of the Automatic Fare Collection (AFC) Station Equipment companies' competitive landscape—including revenue shares, recent development plans, and mergers and acquisitions (M&A).
Chapter 3: Analyzes market segmentation by Type, presenting the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 4: Analyzes market segmentation by Application, presenting the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 5: Presents Automatic Fare Collection (AFC) Station Equipment revenue at the regional level. It offers a quantitative assessment of market size and growth potential by region and summarizes market development, future prospects, addressable space, and country-level market size worldwide.
Chapter 6: Presents Automatic Fare Collection (AFC) Station Equipment revenue at the country level. It provides segmented data by Type and by Application for each country/region.
Chapter 7: Profiles key players, detailing the main companies' product revenue, gross margin, product portfolios, recent developments, etc.
Chapter 8: Analysis of Value Chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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.
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We unpack rivals’ operation strategies for scattered and highly concentrated industries.
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TABLE OF CONTENTS
1 Market Overview
1.1 Automatic Fare Collection (AFC) Station Equipment Product Introduction
1.2 Global Automatic Fare Collection (AFC) Station Equipment Market Size Forecast (2021–2032)
1.3 Automatic Fare Collection (AFC) Station Equipment Market Trends & Drivers
1.3.1 Automatic Fare Collection (AFC) Station Equipment Industry Trends
1.3.2 Automatic Fare Collection (AFC) Station Equipment Market Drivers & Opportunities
1.3.3 Automatic Fare Collection (AFC) Station Equipment Market Challenges
1.3.4 Automatic Fare Collection (AFC) Station Equipment Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Automatic Fare Collection (AFC) Station Equipment Players Revenue Ranking (2025)
2.2 Global Automatic Fare Collection (AFC) Station Equipment Revenue by Company (2021–2026)
2.3 Key Companies’ R&D and Operations Footprint and Headquarters
2.4 Key Companies Automatic Fare Collection (AFC) Station Equipment Product Offerings
2.5 Key Companies General Availability (GA) Timeline for Automatic Fare Collection (AFC) Station Equipment
2.6 Automatic Fare Collection (AFC) Station Equipment Market Competitive Analysis
2.6.1 Automatic Fare Collection (AFC) Station Equipment Market Concentration Rate (2021–2026)
2.6.2 Top 5 and Top 10 Global Companies by Automatic Fare Collection (AFC) Station Equipment Revenue in 2025
2.6.3 Global Companies by Tier (Tier 1, Tier 2, Tier 3), based on Automatic Fare Collection (AFC) Station Equipment revenue, 2025
2.7 Mergers & Acquisitions and Expansion
3 Segmentation Automatic Fare Collection (AFC) Station Equipment Market Classification
3.1 Introduction by Type
3.1.1 Fare Gates
3.1.2 Ticket Vending Machine
3.1.3 Ticket Checking Machine
3.1.4 Booking Office Machine
3.1.5 Other
3.1.6 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Type
3.1.6.1 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (2021 vs 2025 vs 2032)
3.1.6.2 Global Automatic Fare Collection (AFC) Station Equipment Sales Value, by Type (2021–2032)
3.1.6.3 Global Automatic Fare Collection (AFC) Station Equipment Sales Value, by Type (%), 2021–2032
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Railway
4.1.2 Bus
4.1.3 Other
4.2 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Application
4.2.1 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Application (2021 vs 2025 vs 2032)
4.2.2 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Application (2021–2032)
4.2.3 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Application (%), 2021–2032
5 Segmentation by Region
5.1 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Region
5.1.1 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Region: 2021 vs 2025 vs 2032
5.1.2 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Region (2021–2026)
5.1.3 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Region (2027–2032)
5.1.4 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Region (%), 2021–2032
5.2 North America
5.2.1 North America Automatic Fare Collection (AFC) Station Equipment Sales Value, 2021–2032
5.2.2 North America Automatic Fare Collection (AFC) Station Equipment Sales Value by Country (%), 2025 vs 2032
5.3 Europe
5.3.1 Europe Automatic Fare Collection (AFC) Station Equipment Sales Value, 2021–2032
5.3.2 Europe Automatic Fare Collection (AFC) Station Equipment Sales Value by Country (%), 2025 vs 2032
5.4 Asia Pacific
5.4.1 Asia Pacific Automatic Fare Collection (AFC) Station Equipment Sales Value, 2021–2032
5.4.2 Asia Pacific Automatic Fare Collection (AFC) Station Equipment Sales Value by Subregion (%), 2025 vs 2032
5.5 South America
5.5.1 South America Automatic Fare Collection (AFC) Station Equipment Sales Value, 2021–2032
5.5.2 South America Automatic Fare Collection (AFC) Station Equipment Sales Value by Country (%), 2025 vs 2032
5.6 Middle East & Africa
5.6.1 Middle East & Africa Automatic Fare Collection (AFC) Station Equipment Sales Value, 2021–2032
5.6.2 Middle East & Africa Automatic Fare Collection (AFC) Station Equipment Sales Value by Country (%), 2025 vs 2032
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Automatic Fare Collection (AFC) Station Equipment Sales Value Growth Trends, 2021 vs 2025 vs 2032
6.2 Key Countries/Regions Automatic Fare Collection (AFC) Station Equipment Sales Value, 2021–2032
6.3 United States
6.3.1 United States Automatic Fare Collection (AFC) Station Equipment Sales Value, 2021–2032
6.3.2 United States Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (%), 2025 vs 2032
6.3.3 United States Automatic Fare Collection (AFC) Station Equipment Sales Value by Application, 2025 vs 2032
6.4 Europe
6.4.1 Europe Automatic Fare Collection (AFC) Station Equipment Sales Value, 2021–2032
6.4.2 Europe Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (%), 2025 vs 2032
6.4.3 Europe Automatic Fare Collection (AFC) Station Equipment Sales Value by Application, 2025 vs 2032
6.5 China
6.5.1 China Automatic Fare Collection (AFC) Station Equipment Sales Value, 2021–2032
6.5.2 China Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (%), 2025 vs 2032
6.5.3 China Automatic Fare Collection (AFC) Station Equipment Sales Value by Application, 2025 vs 2032
6.6 Japan
6.6.1 Japan Automatic Fare Collection (AFC) Station Equipment Sales Value, 2021–2032
6.6.2 Japan Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (%), 2025 vs 2032
6.6.3 Japan Automatic Fare Collection (AFC) Station Equipment Sales Value by Application, 2025 vs 2032
6.7 South Korea
6.7.1 South Korea Automatic Fare Collection (AFC) Station Equipment Sales Value, 2021–2032
6.7.2 South Korea Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (%), 2025 vs 2032
6.7.3 South Korea Automatic Fare Collection (AFC) Station Equipment Sales Value by Application, 2025 vs 2032
6.8 Southeast Asia
6.8.1 Southeast Asia Automatic Fare Collection (AFC) Station Equipment Sales Value, 2021–2032
6.8.2 Southeast Asia Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (%), 2025 vs 2032
6.8.3 Southeast Asia Automatic Fare Collection (AFC) Station Equipment Sales Value by Application, 2025 vs 2032
6.9 India
6.9.1 India Automatic Fare Collection (AFC) Station Equipment Sales Value, 2021–2032
6.9.2 India Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (%), 2025 vs 2032
6.9.3 India Automatic Fare Collection (AFC) Station Equipment Sales Value by Application, 2025 vs 2032
7 Company Profiles
7.1 Cubic Corporation
7.1.1 Cubic Corporation Profile
7.1.2 Cubic Corporation Main Business
7.1.3 Cubic Corporation Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.1.4 Cubic Corporation Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.1.5 Cubic Corporation Recent Developments
7.2 Thales Group
7.2.1 Thales Group Profile
7.2.2 Thales Group Main Business
7.2.3 Thales Group Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.2.4 Thales Group Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.2.5 Thales Group Recent Developments
7.3 Omron Corporation
7.3.1 Omron Corporation Profile
7.3.2 Omron Corporation Main Business
7.3.3 Omron Corporation Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.3.4 Omron Corporation Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.3.5 Omron Corporation Recent Developments
7.4 The Nippon Signal
7.4.1 The Nippon Signal Profile
7.4.2 The Nippon Signal Main Business
7.4.3 The Nippon Signal Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.4.4 The Nippon Signal Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.4.5 The Nippon Signal Recent Developments
7.5 Scheidt & Bachmann
7.5.1 Scheidt & Bachmann Profile
7.5.2 Scheidt & Bachmann Main Business
7.5.3 Scheidt & Bachmann Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.5.4 Scheidt & Bachmann Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.5.5 Scheidt & Bachmann Recent Developments
7.6 GMV
7.6.1 GMV Profile
7.6.2 GMV Main Business
7.6.3 GMV Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.6.4 GMV Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.6.5 GMV Recent Developments
7.7 Indra Company
7.7.1 Indra Company Profile
7.7.2 Indra Company Main Business
7.7.3 Indra Company Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.7.4 Indra Company Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.7.5 Indra Company Recent Developments
7.8 Gunnebo
7.8.1 Gunnebo Profile
7.8.2 Gunnebo Main Business
7.8.3 Gunnebo Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.8.4 Gunnebo Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.8.5 Gunnebo Recent Developments
7.9 LECIP Group
7.9.1 LECIP Group Profile
7.9.2 LECIP Group Main Business
7.9.3 LECIP Group Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.9.4 LECIP Group Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.9.5 LECIP Group Recent Developments
7.10 UniTTEC
7.10.1 UniTTEC Profile
7.10.2 UniTTEC Main Business
7.10.3 UniTTEC Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.10.4 UniTTEC Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.10.5 UniTTEC Recent Developments
7.11 Huaming
7.11.1 Huaming Profile
7.11.2 Huaming Main Business
7.11.3 Huaming Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.11.4 Huaming Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.11.5 Huaming Recent Developments
7.12 INIT
7.12.1 INIT Profile
7.12.2 INIT Main Business
7.12.3 INIT Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.12.4 INIT Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.12.5 INIT Recent Developments
7.13 Huahong Jitong
7.13.1 Huahong Jitong Profile
7.13.2 Huahong Jitong Main Business
7.13.3 Huahong Jitong Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.13.4 Huahong Jitong Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.13.5 Huahong Jitong Recent Developments
7.14 Genfare
7.14.1 Genfare Profile
7.14.2 Genfare Main Business
7.14.3 Genfare Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.14.4 Genfare Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.14.5 Genfare Recent Developments
7.15 Bonin Fortune Access Equipment
7.15.1 Bonin Fortune Access Equipment Profile
7.15.2 Bonin Fortune Access Equipment Main Business
7.15.3 Bonin Fortune Access Equipment Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.15.4 Bonin Fortune Access Equipment Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.15.5 Bonin Fortune Access Equipment Recent Developments
7.16 Haiputian Intelligent Technology
7.16.1 Haiputian Intelligent Technology Profile
7.16.2 Haiputian Intelligent Technology Main Business
7.16.3 Haiputian Intelligent Technology Automatic Fare Collection (AFC) Station Equipment Products, Services, and Solutions
7.16.4 Haiputian Intelligent Technology Automatic Fare Collection (AFC) Station Equipment Revenue (US$ Million), 2021–2026
7.16.5 Haiputian Intelligent Technology Recent Developments
8 Industry Chain Analysis
8.1 Automatic Fare Collection (AFC) Station Equipment Value Chain
8.2 Automatic Fare Collection (AFC) Station Equipment Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Key Suppliers of Raw Materials
8.2.3 Cost Structure
8.3 Midstream Analysis
8.4 Downstream (Customer) Analysis
8.5 Sales Model and Sales Channelss
8.5.1 Automatic Fare Collection (AFC) Station Equipment Sales Model
8.5.2 Sales Channels
8.5.3 Automatic Fare Collection (AFC) Station Equipment Distributors
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
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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