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Global Automatic Fare Collection (AFC) Station Equipment Market Research Report 2025
Published Date: March 2025
|
Report Code: QYRE-Auto-3S7285
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Global Automatic Fare Collection AFC Station Equipment Market Insights and Forecast to 2028
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Global Automatic Fare Collection (AFC) Station Equipment Market Research Report 2025

Code: QYRE-Auto-3S7285
Report
March 2025
Pages:106
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Automatic Fare Collection (AFC) Station Equipment Market Size

The global market for Automatic Fare Collection (AFC) Station Equipment was valued at US$ 5973 million in the year 2024 and is projected to reach a revised size of US$ 9597 million by 2031, growing at a CAGR of 7.1% during the forecast period.

Automatic Fare Collection (AFC) Station Equipment Market

Automatic Fare Collection (AFC) Station Equipment Market

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.
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.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Automatic Fare Collection (AFC) Station Equipment, 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.
The Automatic Fare Collection (AFC) Station Equipment market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Automatic Fare Collection (AFC) Station Equipment market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automatic Fare Collection (AFC) Station Equipment manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation

Scope of Automatic Fare Collection (AFC) Station Equipment Market Report

Report Metric Details
Report Name Automatic Fare Collection (AFC) Station Equipment Market
Accounted market size in year US$ 5973 million
Forecasted market size in 2031 US$ 9597 million
CAGR 7.1%
Base Year year
Forecasted years 2025 - 2031
by Type
  • Fare Gates
  • Ticket Vending Machine
  • Ticket Checking Machine
  • Booking Office Machine
  • Other
by Application
  • Railway
  • Bus
  • Other
Production by Region
  • North America
  • Europe
  • China
  • Japan
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
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
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Detailed analysis of Automatic Fare Collection (AFC) Station Equipment manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 3: Production/output, value of Automatic Fare Collection (AFC) Station Equipment by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
  • Chapter 4: Consumption of Automatic Fare Collection (AFC) Station Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
  • Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
  • Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
  • Chapter 9: Introduces 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 10: The main points and conclusions of the report.

FAQ for this report

How fast is Automatic Fare Collection (AFC) Station Equipment Market growing?

Ans: The Automatic Fare Collection (AFC) Station Equipment Market witnessing a CAGR of 7.1% during the forecast period 2025-2031.

What is the Automatic Fare Collection (AFC) Station Equipment Market size in 2031?

Ans: The Automatic Fare Collection (AFC) Station Equipment Market size in 2031 will be US$ 9597 million.

What is the market share of major companies in Automatic Fare Collection (AFC) Station Equipment Market?

Ans: The top five players hold a share over 37%.

What is the Automatic Fare Collection (AFC) Station Equipment Market share by region?

Ans: Asia-Pacific is the largest market, has a share about 44%, followed by Europe, and North America, with share 27% and 21%, separately.

Who are the main players in the Automatic Fare Collection (AFC) Station Equipment Market report?

Ans: The main players in the Automatic Fare Collection (AFC) Station Equipment Market are 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

What are the Application segmentation covered in the Automatic Fare Collection (AFC) Station Equipment Market report?

Ans: The Applications covered in the Automatic Fare Collection (AFC) Station Equipment Market report are Railway, Bus, Other

What are the Type segmentation covered in the Automatic Fare Collection (AFC) Station Equipment Market report?

Ans: The Types covered in the Automatic Fare Collection (AFC) Station Equipment Market report are Fare Gates, Ticket Vending Machine, Ticket Checking Machine, Booking Office Machine, Other

1 Automatic Fare Collection (AFC) Station Equipment Market Overview
1.1 Product Definition
1.2 Automatic Fare Collection (AFC) Station Equipment by Type
1.2.1 Global Automatic Fare Collection (AFC) Station Equipment Market Value Growth Rate Analysis by Type: 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 Automatic Fare Collection (AFC) Station Equipment by Application
1.3.1 Global Automatic Fare Collection (AFC) Station Equipment Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Railway
1.3.3 Bus
1.3.4 Other
1.4 Global Market Growth Prospects
1.4.1 Global Automatic Fare Collection (AFC) Station Equipment Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Automatic Fare Collection (AFC) Station Equipment Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Automatic Fare Collection (AFC) Station Equipment Production Estimates and Forecasts (2020-2031)
1.4.4 Global Automatic Fare Collection (AFC) Station Equipment Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Automatic Fare Collection (AFC) Station Equipment Production Market Share by Manufacturers (2020-2025)
2.2 Global Automatic Fare Collection (AFC) Station Equipment Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Automatic Fare Collection (AFC) Station Equipment, Industry Ranking, 2023 VS 2024
2.4 Global Automatic Fare Collection (AFC) Station Equipment Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Automatic Fare Collection (AFC) Station Equipment Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Automatic Fare Collection (AFC) Station Equipment, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Automatic Fare Collection (AFC) Station Equipment, Product Offered and Application
2.8 Global Key Manufacturers of Automatic Fare Collection (AFC) Station Equipment, Date of Enter into This Industry
2.9 Automatic Fare Collection (AFC) Station Equipment Market Competitive Situation and Trends
2.9.1 Automatic Fare Collection (AFC) Station Equipment Market Concentration Rate
2.9.2 Global 5 and 10 Largest Automatic Fare Collection (AFC) Station Equipment Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Automatic Fare Collection (AFC) Station Equipment Production by Region
3.1 Global Automatic Fare Collection (AFC) Station Equipment Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Automatic Fare Collection (AFC) Station Equipment Production Value by Region (2020-2031)
3.2.1 Global Automatic Fare Collection (AFC) Station Equipment Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Automatic Fare Collection (AFC) Station Equipment by Region (2026-2031)
3.3 Global Automatic Fare Collection (AFC) Station Equipment Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Automatic Fare Collection (AFC) Station Equipment Production Volume by Region (2020-2031)
3.4.1 Global Automatic Fare Collection (AFC) Station Equipment Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Automatic Fare Collection (AFC) Station Equipment by Region (2026-2031)
3.5 Global Automatic Fare Collection (AFC) Station Equipment Market Price Analysis by Region (2020-2025)
3.6 Global Automatic Fare Collection (AFC) Station Equipment Production and Value, Year-over-Year Growth
3.6.1 North America Automatic Fare Collection (AFC) Station Equipment Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Automatic Fare Collection (AFC) Station Equipment Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Automatic Fare Collection (AFC) Station Equipment Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Automatic Fare Collection (AFC) Station Equipment Production Value Estimates and Forecasts (2020-2031)
4 Automatic Fare Collection (AFC) Station Equipment Consumption by Region
4.1 Global Automatic Fare Collection (AFC) Station Equipment Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Automatic Fare Collection (AFC) Station Equipment Consumption by Region (2020-2031)
4.2.1 Global Automatic Fare Collection (AFC) Station Equipment Consumption by Region (2020-2025)
4.2.2 Global Automatic Fare Collection (AFC) Station Equipment Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Automatic Fare Collection (AFC) Station Equipment Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Automatic Fare Collection (AFC) Station Equipment Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Automatic Fare Collection (AFC) Station Equipment Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Automatic Fare Collection (AFC) Station Equipment Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Automatic Fare Collection (AFC) Station Equipment Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Automatic Fare Collection (AFC) Station Equipment Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Automatic Fare Collection (AFC) Station Equipment Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Automatic Fare Collection (AFC) Station Equipment Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Automatic Fare Collection (AFC) Station Equipment Production by Type (2020-2031)
5.1.1 Global Automatic Fare Collection (AFC) Station Equipment Production by Type (2020-2025)
5.1.2 Global Automatic Fare Collection (AFC) Station Equipment Production by Type (2026-2031)
5.1.3 Global Automatic Fare Collection (AFC) Station Equipment Production Market Share by Type (2020-2031)
5.2 Global Automatic Fare Collection (AFC) Station Equipment Production Value by Type (2020-2031)
5.2.1 Global Automatic Fare Collection (AFC) Station Equipment Production Value by Type (2020-2025)
5.2.2 Global Automatic Fare Collection (AFC) Station Equipment Production Value by Type (2026-2031)
5.2.3 Global Automatic Fare Collection (AFC) Station Equipment Production Value Market Share by Type (2020-2031)
5.3 Global Automatic Fare Collection (AFC) Station Equipment Price by Type (2020-2031)
6 Segment by Application
6.1 Global Automatic Fare Collection (AFC) Station Equipment Production by Application (2020-2031)
6.1.1 Global Automatic Fare Collection (AFC) Station Equipment Production by Application (2020-2025)
6.1.2 Global Automatic Fare Collection (AFC) Station Equipment Production by Application (2026-2031)
6.1.3 Global Automatic Fare Collection (AFC) Station Equipment Production Market Share by Application (2020-2031)
6.2 Global Automatic Fare Collection (AFC) Station Equipment Production Value by Application (2020-2031)
6.2.1 Global Automatic Fare Collection (AFC) Station Equipment Production Value by Application (2020-2025)
6.2.2 Global Automatic Fare Collection (AFC) Station Equipment Production Value by Application (2026-2031)
6.2.3 Global Automatic Fare Collection (AFC) Station Equipment Production Value Market Share by Application (2020-2031)
6.3 Global Automatic Fare Collection (AFC) Station Equipment Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Cubic Corporation
7.1.1 Cubic Corporation Automatic Fare Collection (AFC) Station Equipment Company Information
7.1.2 Cubic Corporation Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.1.3 Cubic Corporation Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Cubic Corporation Main Business and Markets Served
7.1.5 Cubic Corporation Recent Developments/Updates
7.2 Thales Group
7.2.1 Thales Group Automatic Fare Collection (AFC) Station Equipment Company Information
7.2.2 Thales Group Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.2.3 Thales Group Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Thales Group Main Business and Markets Served
7.2.5 Thales Group Recent Developments/Updates
7.3 Omron Corporation
7.3.1 Omron Corporation Automatic Fare Collection (AFC) Station Equipment Company Information
7.3.2 Omron Corporation Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.3.3 Omron Corporation Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Omron Corporation Main Business and Markets Served
7.3.5 Omron Corporation Recent Developments/Updates
7.4 The Nippon Signal
7.4.1 The Nippon Signal Automatic Fare Collection (AFC) Station Equipment Company Information
7.4.2 The Nippon Signal Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.4.3 The Nippon Signal Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.4.4 The Nippon Signal Main Business and Markets Served
7.4.5 The Nippon Signal Recent Developments/Updates
7.5 Scheidt & Bachmann
7.5.1 Scheidt & Bachmann Automatic Fare Collection (AFC) Station Equipment Company Information
7.5.2 Scheidt & Bachmann Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.5.3 Scheidt & Bachmann Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Scheidt & Bachmann Main Business and Markets Served
7.5.5 Scheidt & Bachmann Recent Developments/Updates
7.6 GMV
7.6.1 GMV Automatic Fare Collection (AFC) Station Equipment Company Information
7.6.2 GMV Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.6.3 GMV Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.6.4 GMV Main Business and Markets Served
7.6.5 GMV Recent Developments/Updates
7.7 Indra Company
7.7.1 Indra Company Automatic Fare Collection (AFC) Station Equipment Company Information
7.7.2 Indra Company Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.7.3 Indra Company Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Indra Company Main Business and Markets Served
7.7.5 Indra Company Recent Developments/Updates
7.8 Gunnebo
7.8.1 Gunnebo Automatic Fare Collection (AFC) Station Equipment Company Information
7.8.2 Gunnebo Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.8.3 Gunnebo Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Gunnebo Main Business and Markets Served
7.8.5 Gunnebo Recent Developments/Updates
7.9 LECIP Group
7.9.1 LECIP Group Automatic Fare Collection (AFC) Station Equipment Company Information
7.9.2 LECIP Group Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.9.3 LECIP Group Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.9.4 LECIP Group Main Business and Markets Served
7.9.5 LECIP Group Recent Developments/Updates
7.10 UniTTEC
7.10.1 UniTTEC Automatic Fare Collection (AFC) Station Equipment Company Information
7.10.2 UniTTEC Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.10.3 UniTTEC Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.10.4 UniTTEC Main Business and Markets Served
7.10.5 UniTTEC Recent Developments/Updates
7.11 Huaming
7.11.1 Huaming Automatic Fare Collection (AFC) Station Equipment Company Information
7.11.2 Huaming Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.11.3 Huaming Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Huaming Main Business and Markets Served
7.11.5 Huaming Recent Developments/Updates
7.12 INIT
7.12.1 INIT Automatic Fare Collection (AFC) Station Equipment Company Information
7.12.2 INIT Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.12.3 INIT Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.12.4 INIT Main Business and Markets Served
7.12.5 INIT Recent Developments/Updates
7.13 Huahong Jitong
7.13.1 Huahong Jitong Automatic Fare Collection (AFC) Station Equipment Company Information
7.13.2 Huahong Jitong Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.13.3 Huahong Jitong Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Huahong Jitong Main Business and Markets Served
7.13.5 Huahong Jitong Recent Developments/Updates
7.14 Genfare
7.14.1 Genfare Automatic Fare Collection (AFC) Station Equipment Company Information
7.14.2 Genfare Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.14.3 Genfare Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Genfare Main Business and Markets Served
7.14.5 Genfare Recent Developments/Updates
7.15 Bonin Fortune Access Equipment
7.15.1 Bonin Fortune Access Equipment Automatic Fare Collection (AFC) Station Equipment Company Information
7.15.2 Bonin Fortune Access Equipment Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.15.3 Bonin Fortune Access Equipment Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Bonin Fortune Access Equipment Main Business and Markets Served
7.15.5 Bonin Fortune Access Equipment Recent Developments/Updates
7.16 Haiputian Intelligent Technology
7.16.1 Haiputian Intelligent Technology Automatic Fare Collection (AFC) Station Equipment Company Information
7.16.2 Haiputian Intelligent Technology Automatic Fare Collection (AFC) Station Equipment Product Portfolio
7.16.3 Haiputian Intelligent Technology Automatic Fare Collection (AFC) Station Equipment Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Haiputian Intelligent Technology Main Business and Markets Served
7.16.5 Haiputian Intelligent Technology Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Automatic Fare Collection (AFC) Station Equipment Industry Chain Analysis
8.2 Automatic Fare Collection (AFC) Station Equipment Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Automatic Fare Collection (AFC) Station Equipment Production Mode & Process Analysis
8.4 Automatic Fare Collection (AFC) Station Equipment Sales and Marketing
8.4.1 Automatic Fare Collection (AFC) Station Equipment Sales Channels
8.4.2 Automatic Fare Collection (AFC) Station Equipment Distributors
8.5 Automatic Fare Collection (AFC) Station Equipment Customer Analysis
9 Automatic Fare Collection (AFC) Station Equipment Market Dynamics
9.1 Automatic Fare Collection (AFC) Station Equipment Industry Trends
9.2 Automatic Fare Collection (AFC) Station Equipment Market Drivers
9.3 Automatic Fare Collection (AFC) Station Equipment Market Challenges
9.4 Automatic Fare Collection (AFC) Station Equipment Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
List of Tables
 Table 1. Global Automatic Fare Collection (AFC) Station Equipment Market Value by Type, (US$ Million) & (2024 VS 2031)
 Table 2. Global Automatic Fare Collection (AFC) Station Equipment Market Value by Application, (US$ Million) & (2024 VS 2031)
 Table 3. Global Automatic Fare Collection (AFC) Station Equipment Production Capacity (K Units) by Manufacturers in 2024
 Table 4. Global Automatic Fare Collection (AFC) Station Equipment Production by Manufacturers (2020-2025) & (K Units)
 Table 5. Global Automatic Fare Collection (AFC) Station Equipment Production Market Share by Manufacturers (2020-2025)
 Table 6. Global Automatic Fare Collection (AFC) Station Equipment Production Value by Manufacturers (2020-2025) & (US$ Million)
 Table 7. Global Automatic Fare Collection (AFC) Station Equipment Production Value Share by Manufacturers (2020-2025)
 Table 8. Global Key Players of Automatic Fare Collection (AFC) Station Equipment, Industry Ranking, 2023 VS 2024
 Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Automatic Fare Collection (AFC) Station Equipment as of 2024)
 Table 10. Global Market Automatic Fare Collection (AFC) Station Equipment Average Price by Manufacturers (US$/Unit) & (2020-2025)
 Table 11. Global Key Manufacturers of Automatic Fare Collection (AFC) Station Equipment, Manufacturing Base Distribution and Headquarters
 Table 12. Global Key Manufacturers of Automatic Fare Collection (AFC) Station Equipment, Product Offered and Application
 Table 13. Global Key Manufacturers of Automatic Fare Collection (AFC) Station Equipment, Date of Enter into This Industry
 Table 14. Global Automatic Fare Collection (AFC) Station Equipment Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 15. Mergers & Acquisitions, Expansion Plans
 Table 16. Global Automatic Fare Collection (AFC) Station Equipment Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 17. Global Automatic Fare Collection (AFC) Station Equipment Production Value (US$ Million) by Region (2020-2025)
 Table 18. Global Automatic Fare Collection (AFC) Station Equipment Production Value Market Share by Region (2020-2025)
 Table 19. Global Automatic Fare Collection (AFC) Station Equipment Production Value (US$ Million) Forecast by Region (2026-2031)
 Table 20. Global Automatic Fare Collection (AFC) Station Equipment Production Value Market Share Forecast by Region (2026-2031)
 Table 21. Global Automatic Fare Collection (AFC) Station Equipment Production Comparison by Region: 2020 VS 2024 VS 2031 (K Units)
 Table 22. Global Automatic Fare Collection (AFC) Station Equipment Production (K Units) by Region (2020-2025)
 Table 23. Global Automatic Fare Collection (AFC) Station Equipment Production Market Share by Region (2020-2025)
 Table 24. Global Automatic Fare Collection (AFC) Station Equipment Production (K Units) Forecast by Region (2026-2031)
 Table 25. Global Automatic Fare Collection (AFC) Station Equipment Production Market Share Forecast by Region (2026-2031)
 Table 26. Global Automatic Fare Collection (AFC) Station Equipment Market Average Price (US$/Unit) by Region (2020-2025)
 Table 27. Global Automatic Fare Collection (AFC) Station Equipment Market Average Price (US$/Unit) by Region (2026-2031)
 Table 28. Global Automatic Fare Collection (AFC) Station Equipment Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K Units)
 Table 29. Global Automatic Fare Collection (AFC) Station Equipment Consumption by Region (2020-2025) & (K Units)
 Table 30. Global Automatic Fare Collection (AFC) Station Equipment Consumption Market Share by Region (2020-2025)
 Table 31. Global Automatic Fare Collection (AFC) Station Equipment Forecasted Consumption by Region (2026-2031) & (K Units)
 Table 32. Global Automatic Fare Collection (AFC) Station Equipment Forecasted Consumption Market Share by Region (2026-2031)
 Table 33. North America Automatic Fare Collection (AFC) Station Equipment Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)
 Table 34. North America Automatic Fare Collection (AFC) Station Equipment Consumption by Country (2020-2025) & (K Units)
 Table 35. North America Automatic Fare Collection (AFC) Station Equipment Consumption by Country (2026-2031) & (K Units)
 Table 36. Europe Automatic Fare Collection (AFC) Station Equipment Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)
 Table 37. Europe Automatic Fare Collection (AFC) Station Equipment Consumption by Country (2020-2025) & (K Units)
 Table 38. Europe Automatic Fare Collection (AFC) Station Equipment Consumption by Country (2026-2031) & (K Units)
 Table 39. Asia Pacific Automatic Fare Collection (AFC) Station Equipment Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K Units)
 Table 40. Asia Pacific Automatic Fare Collection (AFC) Station Equipment Consumption by Region (2020-2025) & (K Units)
 Table 41. Asia Pacific Automatic Fare Collection (AFC) Station Equipment Consumption by Region (2026-2031) & (K Units)
 Table 42. Latin America, Middle East & Africa Automatic Fare Collection (AFC) Station Equipment Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)
 Table 43. Latin America, Middle East & Africa Automatic Fare Collection (AFC) Station Equipment Consumption by Country (2020-2025) & (K Units)
 Table 44. Latin America, Middle East & Africa Automatic Fare Collection (AFC) Station Equipment Consumption by Country (2026-2031) & (K Units)
 Table 45. Global Automatic Fare Collection (AFC) Station Equipment Production (K Units) by Type (2020-2025)
 Table 46. Global Automatic Fare Collection (AFC) Station Equipment Production (K Units) by Type (2026-2031)
 Table 47. Global Automatic Fare Collection (AFC) Station Equipment Production Market Share by Type (2020-2025)
 Table 48. Global Automatic Fare Collection (AFC) Station Equipment Production Market Share by Type (2026-2031)
 Table 49. Global Automatic Fare Collection (AFC) Station Equipment Production Value (US$ Million) by Type (2020-2025)
 Table 50. Global Automatic Fare Collection (AFC) Station Equipment Production Value (US$ Million) by Type (2026-2031)
 Table 51. Global Automatic Fare Collection (AFC) Station Equipment Production Value Market Share by Type (2020-2025)
 Table 52. Global Automatic Fare Collection (AFC) Station Equipment Production Value Market Share by Type (2026-2031)
 Table 53. Global Automatic Fare Collection (AFC) Station Equipment Price (US$/Unit) by Type (2020-2025)
 Table 54. Global Automatic Fare Collection (AFC) Station Equipment Price (US$/Unit) by Type (2026-2031)
 Table 55. Global Automatic Fare Collection (AFC) Station Equipment Production (K Units) by Application (2020-2025)
 Table 56. Global Automatic Fare Collection (AFC) Station Equipment Production (K Units) by Application (2026-2031)
 Table 57. Global Automatic Fare Collection (AFC) Station Equipment Production Market Share by Application (2020-2025)
 Table 58. Global Automatic Fare Collection (AFC) Station Equipment Production Market Share by Application (2026-2031)
 Table 59. Global Automatic Fare Collection (AFC) Station Equipment Production Value (US$ Million) by Application (2020-2025)
 Table 60. Global Automatic Fare Collection (AFC) Station Equipment Production Value (US$ Million) by Application (2026-2031)
 Table 61. Global Automatic Fare Collection (AFC) Station Equipment Production Value Market Share by Application (2020-2025)
 Table 62. Global Automatic Fare Collection (AFC) Station Equipment Production Value Market Share by Application (2026-2031)
 Table 63. Global Automatic Fare Collection (AFC) Station Equipment Price (US$/Unit) by Application (2020-2025)
 Table 64. Global Automatic Fare Collection (AFC) Station Equipment Price (US$/Unit) by Application (2026-2031)
 Table 65. Cubic Corporation Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 66. Cubic Corporation Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 67. Cubic Corporation Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 68. Cubic Corporation Main Business and Markets Served
 Table 69. Cubic Corporation Recent Developments/Updates
 Table 70. Thales Group Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 71. Thales Group Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 72. Thales Group Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 73. Thales Group Main Business and Markets Served
 Table 74. Thales Group Recent Developments/Updates
 Table 75. Omron Corporation Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 76. Omron Corporation Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 77. Omron Corporation Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 78. Omron Corporation Main Business and Markets Served
 Table 79. Omron Corporation Recent Developments/Updates
 Table 80. The Nippon Signal Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 81. The Nippon Signal Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 82. The Nippon Signal Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 83. The Nippon Signal Main Business and Markets Served
 Table 84. The Nippon Signal Recent Developments/Updates
 Table 85. Scheidt & Bachmann Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 86. Scheidt & Bachmann Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 87. Scheidt & Bachmann Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 88. Scheidt & Bachmann Main Business and Markets Served
 Table 89. Scheidt & Bachmann Recent Developments/Updates
 Table 90. GMV Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 91. GMV Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 92. GMV Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 93. GMV Main Business and Markets Served
 Table 94. GMV Recent Developments/Updates
 Table 95. Indra Company Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 96. Indra Company Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 97. Indra Company Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 98. Indra Company Main Business and Markets Served
 Table 99. Indra Company Recent Developments/Updates
 Table 100. Gunnebo Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 101. Gunnebo Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 102. Gunnebo Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 103. Gunnebo Main Business and Markets Served
 Table 104. Gunnebo Recent Developments/Updates
 Table 105. LECIP Group Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 106. LECIP Group Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 107. LECIP Group Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 108. LECIP Group Main Business and Markets Served
 Table 109. LECIP Group Recent Developments/Updates
 Table 110. UniTTEC Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 111. UniTTEC Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 112. UniTTEC Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 113. UniTTEC Main Business and Markets Served
 Table 114. UniTTEC Recent Developments/Updates
 Table 115. Huaming Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 116. Huaming Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 117. Huaming Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 118. Huaming Main Business and Markets Served
 Table 119. Huaming Recent Developments/Updates
 Table 120. INIT Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 121. INIT Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 122. INIT Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 123. INIT Main Business and Markets Served
 Table 124. INIT Recent Developments/Updates
 Table 125. Huahong Jitong Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 126. Huahong Jitong Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 127. Huahong Jitong Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 128. Huahong Jitong Main Business and Markets Served
 Table 129. Huahong Jitong Recent Developments/Updates
 Table 130. Genfare Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 131. Genfare Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 132. Genfare Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 133. Genfare Main Business and Markets Served
 Table 134. Genfare Recent Developments/Updates
 Table 135. Bonin Fortune Access Equipment Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 136. Bonin Fortune Access Equipment Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 137. Bonin Fortune Access Equipment Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 138. Bonin Fortune Access Equipment Main Business and Markets Served
 Table 139. Bonin Fortune Access Equipment Recent Developments/Updates
 Table 140. Haiputian Intelligent Technology Automatic Fare Collection (AFC) Station Equipment Company Information
 Table 141. Haiputian Intelligent Technology Automatic Fare Collection (AFC) Station Equipment Specification and Application
 Table 142. Haiputian Intelligent Technology Automatic Fare Collection (AFC) Station Equipment Production (K Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 143. Haiputian Intelligent Technology Main Business and Markets Served
 Table 144. Haiputian Intelligent Technology Recent Developments/Updates
 Table 145. Key Raw Materials Lists
 Table 146. Raw Materials Key Suppliers Lists
 Table 147. Automatic Fare Collection (AFC) Station Equipment Distributors List
 Table 148. Automatic Fare Collection (AFC) Station Equipment Customers List
 Table 149. Automatic Fare Collection (AFC) Station Equipment Market Trends
 Table 150. Automatic Fare Collection (AFC) Station Equipment Market Drivers
 Table 151. Automatic Fare Collection (AFC) Station Equipment Market Challenges
 Table 152. Automatic Fare Collection (AFC) Station Equipment Market Restraints
 Table 153. Research Programs/Design for This Report
 Table 154. Key Data Information from Secondary Sources
 Table 155. Key Data Information from Primary Sources
 Table 156. Authors List of This Report


List of Figures
 Figure 1. Product Picture of Automatic Fare Collection (AFC) Station Equipment
 Figure 2. Global Automatic Fare Collection (AFC) Station Equipment Market Value by Type, (US$ Million) & (2020-2031)
 Figure 3. Global Automatic Fare Collection (AFC) Station Equipment Market Share by Type: 2024 VS 2031
 Figure 4. Fare Gates Product Picture
 Figure 5. Ticket Vending Machine Product Picture
 Figure 6. Ticket Checking Machine Product Picture
 Figure 7. Booking Office Machine Product Picture
 Figure 8. Other Product Picture
 Figure 9. Global Automatic Fare Collection (AFC) Station Equipment Market Value by Application, (US$ Million) & (2020-2031)
 Figure 10. Global Automatic Fare Collection (AFC) Station Equipment Market Share by Application: 2024 VS 2031
 Figure 11. Railway
 Figure 12. Bus
 Figure 13. Other
 Figure 14. Global Automatic Fare Collection (AFC) Station Equipment Production Value (US$ Million), 2020 VS 2024 VS 2031
 Figure 15. Global Automatic Fare Collection (AFC) Station Equipment Production Value (US$ Million) & (2020-2031)
 Figure 16. Global Automatic Fare Collection (AFC) Station Equipment Production Capacity (K Units) & (2020-2031)
 Figure 17. Global Automatic Fare Collection (AFC) Station Equipment Production (K Units) & (2020-2031)
 Figure 18. Global Automatic Fare Collection (AFC) Station Equipment Average Price (US$/Unit) & (2020-2031)
 Figure 19. Automatic Fare Collection (AFC) Station Equipment Report Years Considered
 Figure 20. Automatic Fare Collection (AFC) Station Equipment Production Share by Manufacturers in 2024
 Figure 21. Global Automatic Fare Collection (AFC) Station Equipment Production Value Share by Manufacturers (2024)
 Figure 22. Automatic Fare Collection (AFC) Station Equipment Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 23. The Global 5 and 10 Largest Players: Market Share by Automatic Fare Collection (AFC) Station Equipment Revenue in 2024
 Figure 24. Global Automatic Fare Collection (AFC) Station Equipment Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 25. Global Automatic Fare Collection (AFC) Station Equipment Production Value Market Share by Region: 2020 VS 2024 VS 2031
 Figure 26. Global Automatic Fare Collection (AFC) Station Equipment Production Comparison by Region: 2020 VS 2024 VS 2031 (K Units)
 Figure 27. Global Automatic Fare Collection (AFC) Station Equipment Production Market Share by Region: 2020 VS 2024 VS 2031
 Figure 28. North America Automatic Fare Collection (AFC) Station Equipment Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 29. Europe Automatic Fare Collection (AFC) Station Equipment Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 30. China Automatic Fare Collection (AFC) Station Equipment Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 31. Japan Automatic Fare Collection (AFC) Station Equipment Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 32. Global Automatic Fare Collection (AFC) Station Equipment Consumption by Region: 2020 VS 2024 VS 2031 (K Units)
 Figure 33. Global Automatic Fare Collection (AFC) Station Equipment Consumption Market Share by Region: 2020 VS 2024 VS 2031
 Figure 34. North America Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 35. North America Automatic Fare Collection (AFC) Station Equipment Consumption Market Share by Country (2020-2031)
 Figure 36. U.S. Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 37. Canada Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 38. Europe Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 39. Europe Automatic Fare Collection (AFC) Station Equipment Consumption Market Share by Country (2020-2031)
 Figure 40. Germany Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 41. France Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 42. U.K. Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 43. Italy Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 44. Netherlands Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 45. Asia Pacific Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 46. Asia Pacific Automatic Fare Collection (AFC) Station Equipment Consumption Market Share by Region (2020-2031)
 Figure 47. China Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 48. Japan Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 49. South Korea Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 50. China Taiwan Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 51. Southeast Asia Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 52. India Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 53. Latin America, Middle East & Africa Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 54. Latin America, Middle East & Africa Automatic Fare Collection (AFC) Station Equipment Consumption Market Share by Country (2020-2031)
 Figure 55. Mexico Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 56. Brazil Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 57. Turkey Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 58. GCC Countries Automatic Fare Collection (AFC) Station Equipment Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 59. Global Production Market Share of Automatic Fare Collection (AFC) Station Equipment by Type (2020-2031)
 Figure 60. Global Production Value Market Share of Automatic Fare Collection (AFC) Station Equipment by Type (2020-2031)
 Figure 61. Global Automatic Fare Collection (AFC) Station Equipment Price (US$/Unit) by Type (2020-2031)
 Figure 62. Global Production Market Share of Automatic Fare Collection (AFC) Station Equipment by Application (2020-2031)
 Figure 63. Global Production Value Market Share of Automatic Fare Collection (AFC) Station Equipment by Application (2020-2031)
 Figure 64. Global Automatic Fare Collection (AFC) Station Equipment Price (US$/Unit) by Application (2020-2031)
 Figure 65. Automatic Fare Collection (AFC) Station Equipment Value Chain
 Figure 66. Channels of Distribution (Direct Vs Distribution)
 Figure 67. Bottom-up and Top-down Approaches for This Report
 Figure 68. Data Triangulation
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