The global market for Automatic Fare Collection (AFC) Station Equipment was estimated to be worth US$ 5973 million in 2024 and is forecast to a readjusted size of US$ 9597 million by 2031 with a CAGR of 7.1% during the forecast period 2025-2031.
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 aims to provide a comprehensive presentation of the global market for Automatic Fare Collection (AFC) Station Equipment, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Automatic Fare Collection (AFC) Station Equipment by region & country, by Type, and by Application.
The Automatic Fare Collection (AFC) Station Equipment market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automatic Fare Collection (AFC) Station Equipment.
Market Segmentation
By Company
- 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
Segment by Type
- Fare Gates
- Ticket Vending Machine
- Ticket Checking Machine
- Booking Office Machine
- Other
Segment by Application
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Automatic Fare Collection (AFC) Station Equipment company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Automatic Fare Collection (AFC) Station Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Automatic Fare Collection (AFC) Station Equipment in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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 (2020-2031)
- 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 & Opportunity
- 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 (2024)
- 2.2 Global Automatic Fare Collection (AFC) Station Equipment Revenue by Company (2020-2025)
- 2.3 Key Companies Automatic Fare Collection (AFC) Station Equipment Manufacturing Base Distribution and Headquarters
- 2.4 Key Companies Automatic Fare Collection (AFC) Station Equipment Product Offered
- 2.5 Key Companies Time to Begin Mass Production of 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 (2020-2025)
- 2.6.2 Global 5 and 10 Largest Companies by Automatic Fare Collection (AFC) Station Equipment Revenue in 2024
- 2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Automatic Fare Collection (AFC) Station Equipment as of 2024)
- 2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 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
- 3.2 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Type
- 3.2.1 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Automatic Fare Collection (AFC) Station Equipment Sales Value, by Type (2020-2031)
- 3.2.3 Global Automatic Fare Collection (AFC) Station Equipment Sales Value, by Type (%) (2020-2031)
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 (2020 VS 2024 VS 2031)
- 4.2.2 Global Automatic Fare Collection (AFC) Station Equipment Sales Value, by Application (2020-2031)
- 4.2.3 Global Automatic Fare Collection (AFC) Station Equipment Sales Value, by Application (%) (2020-2031)
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: 2020 VS 2024 VS 2031
- 5.1.2 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Region (2020-2025)
- 5.1.3 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Region (2026-2031)
- 5.1.4 Global Automatic Fare Collection (AFC) Station Equipment Sales Value by Region (%), (2020-2031)
- 5.2 North America
- 5.2.1 North America Automatic Fare Collection (AFC) Station Equipment Sales Value, 2020-2031
- 5.2.2 North America Automatic Fare Collection (AFC) Station Equipment Sales Value by Country (%), 2024 VS 2031
- 5.3 Europe
- 5.3.1 Europe Automatic Fare Collection (AFC) Station Equipment Sales Value, 2020-2031
- 5.3.2 Europe Automatic Fare Collection (AFC) Station Equipment Sales Value by Country (%), 2024 VS 2031
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Automatic Fare Collection (AFC) Station Equipment Sales Value, 2020-2031
- 5.4.2 Asia Pacific Automatic Fare Collection (AFC) Station Equipment Sales Value by Region (%), 2024 VS 2031
- 5.5 South America
- 5.5.1 South America Automatic Fare Collection (AFC) Station Equipment Sales Value, 2020-2031
- 5.5.2 South America Automatic Fare Collection (AFC) Station Equipment Sales Value by Country (%), 2024 VS 2031
- 5.6 Middle East & Africa
- 5.6.1 Middle East & Africa Automatic Fare Collection (AFC) Station Equipment Sales Value, 2020-2031
- 5.6.2 Middle East & Africa Automatic Fare Collection (AFC) Station Equipment Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Automatic Fare Collection (AFC) Station Equipment Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Automatic Fare Collection (AFC) Station Equipment Sales Value, 2020-2031
- 6.3 United States
- 6.3.1 United States Automatic Fare Collection (AFC) Station Equipment Sales Value, 2020-2031
- 6.3.2 United States Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Automatic Fare Collection (AFC) Station Equipment Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Automatic Fare Collection (AFC) Station Equipment Sales Value, 2020-2031
- 6.4.2 Europe Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Automatic Fare Collection (AFC) Station Equipment Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Automatic Fare Collection (AFC) Station Equipment Sales Value, 2020-2031
- 6.5.2 China Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Automatic Fare Collection (AFC) Station Equipment Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Automatic Fare Collection (AFC) Station Equipment Sales Value, 2020-2031
- 6.6.2 Japan Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Automatic Fare Collection (AFC) Station Equipment Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Automatic Fare Collection (AFC) Station Equipment Sales Value, 2020-2031
- 6.7.2 South Korea Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Automatic Fare Collection (AFC) Station Equipment Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Automatic Fare Collection (AFC) Station Equipment Sales Value, 2020-2031
- 6.8.2 Southeast Asia Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Automatic Fare Collection (AFC) Station Equipment Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Automatic Fare Collection (AFC) Station Equipment Sales Value, 2020-2031
- 6.9.2 India Automatic Fare Collection (AFC) Station Equipment Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Automatic Fare Collection (AFC) Station Equipment Sales Value by Application, 2024 VS 2031
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) & (2020-2025)
- 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) & (2020-2025)
- 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) & (2020-2025)
- 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) & (2020-2025)
- 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) & (2020-2025)
- 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) & (2020-2025)
- 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) & (2020-2025)
- 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) & (2020-2025)
- 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) & (2020-2025)
- 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) & (2020-2025)
- 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) & (2020-2025)
- 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) & (2020-2025)
- 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) & (2020-2025)
- 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) & (2020-2025)
- 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) & (2020-2025)
- 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) & (2020-2025)
- 7.16.5 Haiputian Intelligent Technology Recent Developments
8 Industry Chain Analysis
- 8.1 Automatic Fare Collection (AFC) Station Equipment Industrial Chain
- 8.2 Automatic Fare Collection (AFC) Station Equipment Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Automatic Fare Collection (AFC) Station Equipment Sales Model
- 8.5.2 Sales Channel
- 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