Airport Moving Walkway System Market Report by Business Type (New Installation, Modernization, Maintenance), Type (Belt Type, Pallet Type), Angle (Horizontal, Inclined), Speed (Constant Moving Walkways (CMW), Accelerating Moving Walkways (AMW)), and Region 2024-2032
The global airport moving walkway system market size reached US$ 2.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.19% during 2024-2032.
Market Size in 2023
US$ 2.4 Billion
Market Forecast in 2032
US$ 3.6 Billion
Market Growth Rate 2024-2032
A moving walkway system is a pavement powered by motors used for transporting pedestrians. It is integral to an effective airport design as it ensures fast and easy movement of individuals to gates and throughout the entire complex. It also supports high passenger density and mobility, optimal traffic flow, and rapid and self-assisted movement of luggage across spaces. Nowadays, inclined moving walkway systems are widely being installed at airports to move passengers and heavy luggage speedily over long distances between concourses and the terminal to parking and transport stations.
Airport Moving Walkway System Market Trends:
The increasing air traffic around the world on account of the growing passenger and business travels and upliftment of lockdown restrictions in numerous countries represents one of the key factors catalysing the demand for airport moving walkway systems to improve the passenger experience. Moreover, rising investments in the expansion and development of airports with a primary focus on maximizing efficiencies in traffic flows, improving operational performance, and reducing costs and delays are offering lucrative growth opportunities to market players. Apart from this, governing authorities of various countries are promoting energy conservation. As a result, leading players are integrating light-emitting diode (LED) airport lighting and high-efficiency motors in moving walkway systems. Furthermore, the growing emphasis on airport automation is driving the adoption of moving walkway systems as they provide an effective strategy of directional crowd control and prevent congestion. Besides, as these walkway systems help elderly passengers with reduced mobility to travel comfortably with heavy luggage, a significant rise in the share of older air travellers is projected to contribute to the growth of the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global airport moving walkway systemmarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on business type, type, angle and speed.
Breakup by Business Type:
Breakup by Type:
Breakup by Angle:
Breakup by Speed:
Constant Moving Walkways (CMW)
Accelerating Moving Walkways (AMW)
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Analogue Holdings Limited (ATAL Engineering Limited), Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., KONE Corporation, Mitsubishi Electric Corporation, Otis Worldwide Corporation, Schindler Group, Stannah Lifts Holdings Ltd and ThyssenKrupp AG.
Base Year of the Analysis
Business Type, Type, Angle, Speed, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Analogue Holdings Limited (ATAL Engineering Limited), Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., KONE Corporation, Mitsubishi Electric Corporation, Otis Worldwide Corporation, Schindler Group, Stannah Lifts Holdings Ltd and ThyssenKrupp AG
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Key Questions Answered in This Report
The global airport moving walkway system market was valued at US$ 2.4 Billion in 2023.
We expect the global airport moving walkway system market to exhibit a CAGR of 4.19% during 2024-2032.
The development of airports with a focus on maximizing efficiencies in traffic flows, improving operational performance, and reducing costs and delays is primarily driving the global airport moving walkway system market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing demand for airport moving walkway systems to improve the passenger experience, owing to the growing passenger and business travels with the upliftment of lockdown restrictions across various nations.
Based on the business type, the global airport moving walkway system market can be segmented into new installation, modernization, and maintenance. Currently, new installation holds the majority of the total market share.
Based on the type, the global airport moving walkway system market has been divided into belt type and pallet type, where pallet type currently exhibits a clear dominance in the market.
Based on the angle, the global airport moving walkway system market can be categorized into horizontal and inclined. Currently, horizontal accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global airport moving walkway system market include Analogue Holdings Limited (ATAL Engineering Limited), Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., KONE Corporation, Mitsubishi Electric Corporation, Otis Worldwide Corporation, Schindler Group, Stannah Lifts Holdings Ltd, and ThyssenKrupp AG.
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