01-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Airport Moving Walkways Market By Type (Pallet Type, Belt Type) By Inclination Angle (Horizontal, Inclined) and By Speed (Constant moving walkways (CMW), Accelerating moving walkways (AMW)): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Airport Moving Walkways market in 2019 was around USD 2 billion. The market is expected to grow at a CAGR of 3% and is anticipated to reach around USD 6 billion by 2026.
A moving walkway, also addressed with other names such as moving pavement, travelator, the auto walk is a conveyor mechanism that transports people from one end to another on a series of horizontal or inclined metal plates that are connected in a short period. These walkways can be used either by standing or walking on them and are always installed in pairs, one for each direction. Such walkways are installed at airports, train stations, and shopping malls.
Browse the full “Airport Moving Walkways Market By Type (Pallet Type, Belt Type) By Inclination Angle (Horizontal, Inclined) and By Speed (Constant moving walkways (CMW), Accelerating moving walkways (AMW)): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/airport-moving-walkways-market-by-type-pallet-type-1043
The increasing demand for air passengers owing to the growing tourism and travel industry along with the rapid industrialization across the globe is driving the airport moving walkways market. Major countries across the U.S.A, the European countries, and U.A.E are increasing their focus towards the improvement of their world-class airports and are planning in expansion projects. However, the high capital required for these walkways including the high maintenance cost is restricting the growth of the moving walkways market.
Components like metal tracks, step chain, handrail, braking system, and safety devices increase the purchasing cost for the airport authorities. Such products require regular periodic maintenance for its reliable functionality and any kind of delay can cause huge losses. Nevertheless, there are huge opportunities for technological advancements that would help in reducing the congestion of passengers at busy airports.
As per the type analysis, the pallet type moving walkways are expected to show dominance in the market. These pallet types elevators which are flat elevators are made up of series of metal plates that are connected and forms a continuous walkway as these are considered to be highly durable as well as robust in nature. In case of breakage of any pallet, it is not required to change the complete system and only the malfunctioned part can be replaced.
As per the inclination angle analysis, the horizontal moving walkways are predicted to dominate the market as it is widely used at the airports for transporting people between two terminals. They have an inclination angle that ranges between 0º to 6º. As per the speed analysis, Accelerating moving walkways (AMW) is expected to stimulate the demand for the market they can be operated very easily as compared with the constant moving walkways. These walkways provide facilities like acceleration and deceleration which gives flexibility for the passengers standing at the start and endpoint of the walkways. These walkways as compared with the conventional walkways provide good speed, thus reducing the time of passengers at the airport.
As per the regional analysis, the Asia Pacific region is predicted to dominate the market owing to the rapid industrialization and commercial growth in the region and the growing need for commercial flights for transportation of people and goods across various countries in the region for trade and business. The encouragement for tourism from these countries has also resulted in the increase of tourist visitors along with the increase in the air passenger traffic in the region which has in turn triggered the demand for airport moving walkways.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 2 Billion |
Projected Market Size in 2026 |
USD 6 Billion |
CAGR Growth Rate |
3% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Kone Corporation, Otis Elevator Company, Schindler Group, Thyssenkrupp AG, Hitachi, Hyundai Elevator Company, Mitsubishi Electric, and Others. |
Key Segment |
By Type, By Inclination Angle, By Speed, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
Kone Corporation, Otis Elevator Company, Schindler Group, Thyssenkrupp AG, Hitachi, Hyundai Elevator Company, Mitsubishi Electric, Others
This report segments the Airport Moving Walkways market as follows:
By Type Segmentation Analysis
By Inclination Angle Segmentation Analysis
By Speed Segmentation Analysis
- Constant moving walkways (CMW)
- Accelerating moving walkways (AMW)
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Rest of Middle East & Africa
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