China Automatic Fare Collection System Market Worth CNY 6 Billion by 2017, Says a New Research Report at ReportsnReports.com

Analysis and Forecast of China AFC (Automatic Fare Collection System) Industry, 2013-2017 (http://www.reportsnreports.com/reports/267644-analysis-and-forecast-of-china-afc-automatic-fare-collection-system-industry-2013-2017.html) report says China’s AFC equipment market also ushers in a new round of rapid growth during 2011 to 2020.

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Dallas, Texas (PRWEB) August 27, 2013

"China’s AFC industry starts very late; the domestic AFC manufacturers are mainly distributed in Shanghai and Shenzhen, such as Shanghai Potevio Co., Ltd., Shanghai Huaming Intelligent Terminal Equipment Co., Ltd., Shanghai Huahong Jitong Smart System Co., Ltd. and Shenzhen Modern Computer Manufacturer Co., Ltd. Whereas, Beijing just beginning to step its foot into the industry. Compared with the products produced by the original international AFC manufacturers, the domestic AFC products still have certain gap in terms of system stability and reliance etc. and stay in the immature stage.

With the rapid development of the rail transit construction, the demand volume for AFC is larger and larger; as the investment cost of importing equipment is large and with the issuance of State Council’s requirement that 60% of the rail transit equipment should be localized, the domestic AFC companies will account for more market shares with promising prospects.

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During the 12th-Five-Year period, about 18,700 km of high-speed rail will be increased in China, which will need about 15,000 sets of ticket vending machines (TVMs) accounting by using 80 sets of TVMs per 100 km. In terms of the urban rail transit construction planning approved by the State Council, the total mileage of new increased domestic urban rail will exceed 2,500 km during the 12th-Five-Year period, which will need more than 20,000 sets of TVMs accounting by using 16 sets of TVMs per station and setting up one station per 2 km.

With the acceleration of subway and high-speed rail investment and construction in China, China’s AFC equipment market also ushers in a new round of rapid growth during 2011 to 2020. By 2015, the operating mileage of China’s rail transit will reach more than 3,000 km and will reach 6,000 km by 2020, which will need the investment amount of about CNY 3 trillion to CNY 4 trillion. In 2013, the market scale of AFC will reach CNY 4.2 billion and it will achieve CNY 6 billion by 2017, among which, the urban rail transit AFC application will be CNY 3.5 billion and the high-speed rail field will be CNY 2.5 billion. The market prospect is broad.

Complete report available @ http://www.reportsnreports.com/reports/267644-analysis-and-forecast-of-china-afc-automatic-fare-collection-system-industry-2013-2017.html .

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