Passenger Ticket Vending Machine TVM Market Insights Video

According to Cognitive Market Research, the global Passenger Ticket Vending Machine (TVM) market size was USD 1169.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 467.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 350.85 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 268.99 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 58.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 23.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
• The railway stations category held the highest Passenger Ticket Vending Machine (TVM) market revenue share in 2024.