Global Digital Fare Meters Market by Type (Meters With Printers, Meters With Without Printers), By Application (Auto Rickshaw, Taxi) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Digital Fare Meters Market size is projected to grow at a CAGR of 9.2% from 2021-2028. The growth in the market is attributed to the increased adoption of digital fare meters across various industries such as auto rickshaw and taxi service providers due to their ease of use and accuracy, which has led to increased demand for this type of meter.
Digital Fare Meters are devices that display the fare of a vehicle with an integrated printer to print receipts for both passengers and drivers. They are used in the Taxi Services, Auto Rickshaw industry.
On basis of Type, the market is segmented into Meters With Printers, and Meter Without Printers.
Meters With Printers:
This type of meter captures data from the transaction in a printed receipt that can be checked by passengers for authenticity while traveling on public transport or taxis.
Meter Without Printers:
This meter does not have printers installed and generates reports internally which allows officials to monitor a number of transactions without relying on receipts. These types are usually used in small-to-medium-sized taxi fleets because these fares are typically charged via a monthly ticket scheme rather than per mile or minute traveled, so there is less need to provide customers with individual receipts.
On basis of Application, the market is segmented into Auto Rickshaw, Taxi Services. The market has witnessed a significant shift in application towards Auto Rickshaw as a result of its increasing usage in India due to government incentives such as subsidies on purchase for electric auto-rickshaws and free travel for women drivers with low fuel costs among others. There has been an increase in awareness about hybrid vehicles which are derived from both gasoline-powered engines as well as electrical power generation systems that started rolling out across various cities.
On basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In terms of market share in 2019 among the regions covered by this report, North America is forecast to hold a significant chunk that is followed by Europe and APAC respectively.
There will be an increase in demand for digital fare meters from emerging markets such as India due to its low cost with more advanced features like GPS tracking and internet connectivity which can help generate revenue-based fares with minimal legal disputes whereas there has been a decline in demand from traditional markets mainly owing to lack of awareness about digitization coupled with a high level of illiteracy as well as an inability to understand English language which often leads customers into facing problems while using pay machines or ATM kiosk.
Up Market Research published a new report titled “Digital Fare Meters Market research report which is segmented by Types (Meters With Printers, Meters With Without Printers), By Applications (Auto Rickshaw, Taxi), By Players/Companies Sansui Electronics, Pulsar Technologies, Precision Electronic Instruments, Pricol, Super Meter, MIJO AUTO Meter, Superb Meter, Automotive Techno, National Meter, Maruti Meter, Unique Digital Meters, Srisenthilnathan Meter Works, Ar.Micro Equipment”.
Report Scope
Report Attributes | Report Details |
Report Title | Digital Fare Meters Market Research Report |
By Type | Meters With Printers, Meters With Without Printers |
By Application | Auto Rickshaw, Taxi |
By Companies | Sansui Electronics, Pulsar Technologies, Precision Electronic Instruments, Pricol, Super Meter, MIJO AUTO Meter, Superb Meter, Automotive Techno, National Meter, Maruti Meter, Unique Digital Meters, Srisenthilnathan Meter Works, Ar.Micro Equipment |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 207 |
Number of Tables & Figures | 145 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Digital Fare Meters Market Report Segments:
The market is segmented by Type Meters With Printers, Meters With Without Printers and By Application Auto Rickshaw, Taxi.
Some of the companies that are profiled in this report are:
- Sansui Electronics
- Pulsar Technologies
- Precision Electronic Instruments
- Pricol
- Super Meter
- MIJO AUTO Meter
- Superb Meter
- Automotive Techno
- National Meter
- Maruti Meter
- Unique Digital Meters
- Srisenthilnathan Meter Works
- Ar.Micro Equipment
Digital Fare Meters Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Digital Fare Meters Market
Overview of the regional outlook of the Digital Fare Meters Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Digital Fare Meters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Digital Fare Meters Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Meters With Printers
2. Meters With Without Printers
7. By Application:1. Auto Rickshaw
2. Taxi
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Fare Meters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Digital Fare Meters Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Fare Meters Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Fare Meters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Fare Meters Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Fare Meters Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Fare Meters Market Size & Forecast, 2018-2028
4.5.1 Digital Fare Meters Market Size and Y-o-Y Growth
4.5.2 Digital Fare Meters Market Absolute $ Opportunity
Chapter 5 Global Digital Fare Meters Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Digital Fare Meters Market Size Forecast by Type
5.2.1 Meters With Printers
5.2.2 Meters With Without Printers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digital Fare Meters Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Digital Fare Meters Market Size Forecast by Applications
6.2.1 Auto Rickshaw
6.2.2 Taxi
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Fare Meters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Fare Meters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Digital Fare Meters Analysis and Forecast
9.1 Introduction
9.2 North America Digital Fare Meters Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Digital Fare Meters Market Size Forecast by Type
9.6.1 Meters With Printers
9.6.2 Meters With Without Printers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Digital Fare Meters Market Size Forecast by Applications
9.10.1 Auto Rickshaw
9.10.2 Taxi
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Digital Fare Meters Analysis and Forecast
10.1 Introduction
10.2 Europe Digital Fare Meters Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Digital Fare Meters Market Size Forecast by Type
10.6.1 Meters With Printers
10.6.2 Meters With Without Printers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Digital Fare Meters Market Size Forecast by Applications
10.10.1 Auto Rickshaw
10.10.2 Taxi
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Digital Fare Meters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digital Fare Meters Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Digital Fare Meters Market Size Forecast by Type
11.6.1 Meters With Printers
11.6.2 Meters With Without Printers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Digital Fare Meters Market Size Forecast by Applications
11.10.1 Auto Rickshaw
11.10.2 Taxi
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Digital Fare Meters Analysis and Forecast
12.1 Introduction
12.2 Latin America Digital Fare Meters Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Digital Fare Meters Market Size Forecast by Type
12.6.1 Meters With Printers
12.6.2 Meters With Without Printers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Digital Fare Meters Market Size Forecast by Applications
12.10.1 Auto Rickshaw
12.10.2 Taxi
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Digital Fare Meters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digital Fare Meters Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Digital Fare Meters Market Size Forecast by Type
13.6.1 Meters With Printers
13.6.2 Meters With Without Printers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Digital Fare Meters Market Size Forecast by Applications
13.10.1 Auto Rickshaw
13.10.2 Taxi
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Fare Meters Market: Competitive Dashboard
14.2 Global Digital Fare Meters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sansui Electronics
14.3.2 Pulsar Technologies
14.3.3 Precision Electronic Instruments
14.3.4 Pricol
14.3.5 Super Meter
14.3.6 MIJO AUTO Meter
14.3.7 Superb Meter
14.3.8 Automotive Techno
14.3.9 National Meter
14.3.10 Maruti Meter
14.3.11 Unique Digital Meters
14.3.12 Srisenthilnathan Meter Works
14.3.13 Ar.Micro Equipment