Acumen Research and Consulting estimates that global automatic toll payment machine market is expected to reach the market value of around US$ 350 Mn by 2027 and is anticipated to grow at a CAGR of around 6% in terms of revenue during the forecast period 2020 – 2027.
Machines which are installed at the entrance or exit of the infrastructure are automated toll payment machines which allow the customers to make the payment on their toll without any workers. This automated system offers payment methods for cards and currency. The machine is made up of the LCD/LED display and buttons. The user may also insert the model and other appropriate fields and the measured toll will appear on the screen. In addition, the automatic toll payment system reduces the length of time and helps to effectively perform the payment operation at the toll stand.
The report provides analysis of global Automatic Toll Payment Machine market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Insights
A significant factor contributing to the growth of the global automatic toll payment machine market is the increase in demand for effective traffic control in toll collection centers. Furthermore, improvements in parking infrastructure are expected to promote market growth. However, higher installation and operational costs prevent the market growth of the automatic payment machine. The rise of automatic toll payment machines is anticipated to give players operating in the market of automatic toll payment machinery lucrative growth opportunities in developing countries.
Efficient Traffic Control Aspect Drives The Market
Proper and efficient traffic management ensures a smooth flow of traffic and saves time on the toll stand. The increase in domestic road traffic contributes to the extra congestion at interchangeable locations, which means loss of time and petrol. The new online pay-as-you-go program uses technology like RFID with an on-board device named tag, to directly pay to the pay-as-you-go wallet. In addition, it offers convenience to cross payment centers seamlessly, reducing traffic congestions. All of these factors jointly drive market growth.
Segmental Stance
In automatic toll payment machine, hardware plays a key role, making it responsible for displaying user content, cash acceptance and receipts. Market companies are focusing on developing advanced hardware for automated machines for toll payment, as a result of increased demand for those machines, which in turn gives players operating in the automatic toll payment machine market lucrative growth opportunities. In addition, toll calculations depending on the type of vehicle are carried out in the automatic machines equipped with the software and keep track of the toll collected. Computer toll estimation and service applications play a significant role in the target market. Moreover there is growing demand for car toll payment systems for specific purposes, such as tollinks, transport and parking, which in turn boosts the development of the market for automated electronic toll payment machines.
Report coverage
The market research study on “Automatic Toll Payment Machine Market (Automatic Toll Payment Machine Market By Type: Software, Hardware; Automatic Toll Payment Machine Market By Application: Urban Areas, Highways) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Automatic Toll Payment Machine market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Automatic Toll Payment Machine market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Automatic Toll Payment Machine market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Automatic Toll Payment Machine market is segmented as below:
Market Segmentation
Automatic Toll Payment Machine Market By Component
Software
Hardware
Automatic Toll Payment Machine Market By Application
Urban Areas
Highways
Automatic Toll Payment Machine Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players and Market Situation
Participants include major global players such Tecsidel, Indra, A-to-Be, KapschTraffic Com, ASELSAN A.?., G.E.A, SICE, VITRONIC, Sigma, and Others.
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Automatic Toll Payment Machine
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Automatic Toll Payment Machine Market By Component
1.2.2.1. Global Automatic Toll Payment Machine Market Revenue and Growth Rate Comparison By Component (2020-2027)
1.2.2.2. Global Automatic Toll Payment Machine Market Revenue Share By Component in 2019
1.2.2.2.1. Software
1.2.2.2.2. Hardware
1.2.3. Automatic Toll Payment Machine Market By Application
1.2.3.1. Urban Areas
1.2.3.2. Highways
1.2.4. Automatic Toll Payment Machine Market By Geography
1.2.4.1. Global Automatic Toll Payment Machine Market Revenue and Growth Rate Comparison by Geography (2020-2027)
1.2.4.2. North America Automatic Toll Payment Machine Market Revenue and Growth Rate(2020-2027)
1.2.4.3. Europe Automatic Toll Payment Machine Market Revenue and Growth Rate(2020-2027)
1.2.4.4. Asia-Pacific Automatic Toll Payment Machine Market Revenue and Growth Rate(2020-2027)
1.2.4.5. Latin America Automatic Toll Payment Machine Market Revenue and Growth Rate(2020-2027)
1.2.4.6. Middle East and Africa (MEA) Automatic Toll Payment Machine Market Revenue and Growth Rate(2020-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Pure Cashmere Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Pure Cashmere Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Pure Cashmere Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Pure Cashmere Major Manufacturers in 2019
CHAPTER 4. Automatic Toll Payment Machine MARKET By Component
4.1. Global Pure Cashmere Revenue By Component
4.2. Software
4.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.3. Hardware
4.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 5. Automatic Toll Payment Machine MARKET By Application
5.1. Global Pure Cashmere Revenue By Application
5.2. Urban Areas
5.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.3. Highways
5.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 6. NORTH AMERICA Automatic Toll Payment Machine MARKET BY COUNTRY
6.1. North America Automatic Toll Payment Machine Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.2. North America Automatic Toll Payment Machine Market Revenue Share Comparison, 2020 & 2027 (%)
6.3. U.S.
6.3.1. U.S. Automatic Toll Payment Machine Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
6.3.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
6.4.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
CHAPTER 7. EUROPE Automatic Toll Payment Machine MARKET BY COUNTRY
7.1. Europe Automatic Toll Payment Machine Market Revenue and Growth Rate, 2020 - 2027 ($Million)
7.2. Europe Automatic Toll Payment Machine Market Revenue Share Comparison, 2020 & 2027 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
7.5.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
7.6.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
7.7.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
CHAPTER 8. ASIA-PACIFIC Automatic Toll Payment Machine MARKET BY COUNTRY
8.1. Asia-Pacific Automatic Toll Payment Machine Market Revenue and Growth Rate, 2020 - 2027 ($Million)
8.2. Asia-Pacific Automatic Toll Payment Machine Market Revenue Share Comparison, 2020 & 2027 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
8.8.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
CHAPTER 9. LATIN AMERICA Automatic Toll Payment Machine MARKET BY COUNTRY
9.1. Latin America Automatic Toll Payment Machine Market Revenue and Growth Rate, 2020 - 2027 ($Million)
9.2. Latin America Automatic Toll Payment Machine Market Revenue Share Comparison, 2020 & 2027 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
CHAPTER 10. MIDDLE EAST & AFRICA Automatic Toll Payment Machine MARKET BY COUNTRY
10.1. Middle East & Africa Automatic Toll Payment Machine Market Revenue and Growth Rate, 2020 - 2027 ($Million)
10.2. Middle East& Africa Automatic Toll Payment Machine Market Revenue Share Comparison, 2020 & 2027 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
CHAPTER 11. COMPANY PROFILE
11.1. Tecsidel
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Indra
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. A-to-Be
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. KapschTraffic Com
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. ASELSAN A.?.
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. G.E.A
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. SICE
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. VITRONIC
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. Sigma
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. Key Developments
11.9.6. Strategies
11.10. Others
11.10.1. Company Snapshot
11.10.2. Overview
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. Key Developments
11.10.6. Strategies
CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
