Transit card or travel card is referred to the bus, train or metro ticket that allows the passenger to take unlimited trips in a fixed period of time or to take a certain number of pre purchased trips. The global transit cards market is expected to witness a robust growth rate during the forecast period due to the emerging trend of the use of contactless transit cards in transportation. Compared to the contact based cards, this contactless smart cards are easy and convenient to use. These contactless transit cards have become the preferred choice for transportation owing to the fact that they enable fast identification of the individual. It also allows fast fare payment allowing high passenger throughput in less time as these transit cards do not have to be swiped, inserted or scanned by the reader.
The increase in population and urbanization has resulted in the growing need for mobility. Public transportation has become the most preferred mode of transportation for people to avoid problems such as air pollution and traffic congestion. Traveling by buses, trains, and metros is often more comfortable, convenient, and cost-effective. To make traveling for people more convenient and comfortable, public transport systems use modern ticketing systems such as contactless ticketing, which allows high passenger throughput.
The APAC region was the market leader for transit cards in 2017. Factors contributing to the growth in this market are the presence of large transportation companies in this region, greater acceptance of contactless smart cards, and the growing penetration of transit cards in cities like Singapore and Hong Kong, and even in countries like Australia, Japan, and South Korea.
The Transit Cards market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Transit Cards.
This report presents the worldwide Transit Cards market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Transit Cards Breakdown Data by Type
Transit Cards Breakdown Data by Application
Transit Cards Production by Region
Transit Cards Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Transit Cards status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Transit Cards manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Transit Cards :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Transit Cards market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.