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The global airport moving walkway system market reached a value of US$ 2.21 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.95 Billion by 2027, exhibiting at a CAGR of 5.0% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
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) 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global airport moving walkway system market report, along with forecasts for growth at the global and regional level from 2022-2027. 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:
Breakup by Region:
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||2021|
|Segment Coverage||Business Type, Type, Angle, Speed, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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