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Airport Moving Walkways Market Size, Share Global Analysis Report, 2020–2026
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 Forecast 2020–2026
Industry Insights
[189+ Pages Report] According to the report published by Facts Factors, the global airport moving walkways market size was worth around USD 2 billion in 2019 and is predicted to grow to around USD 6 billionby 2026 with a compound annual growth rate (CAGR) of roughly 3% between 2020 and 2026. The report analyzes the global airport moving walkways market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the airport moving walkways market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Airport Moving Walkways industry. The report analyzes and declares the historical and current trends analysis of the Airport Moving Walkways industry and subsequently recommends the projected trends anticipated to be observed in the Airport Moving Walkways market during the upcoming years.
The Airport Moving Walkways market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Airport Moving Walkways market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per the primary research details shared by our primary respondents, the airport moving walkway market is expected to grow at a CAGR of around 3%.
- Through these details of primary research it was established that the airport moving walkways market was valued at around USD 2 Billion in 2019.
- The “Pallet Type” category, based on type segmentation, is expected to share the maximum revenue in the year 2019.
- Based on the inclination angle, the “horizontal” category is anticipated to lead the market share in 2019.
- As per the speed segmentation, the “Accelerating moving walkways (AMW)” category is expected to have the maximum share in the market.
Key Recommendations from Analysts
- As per our analysts, the market for the airport moving walkways would be in huge demand owing to the rising tourism industry and growing industrialization across the globe.
- Owing to the high pricing of the parts required for these moving walkways and its high maintenance cost, it provides various opportunities for the manufacturers in manufacturing these parts that are economical and doesn’t require frequent maintenance.
- As the market is growing at a CAGR of around 3%, it provides various opportunities for all the investors in gaining huge returns from their investments in the forecasted period.
- Huge investment chances are available in the region of Asia Pacific as many countries of this region are considered to be the leading growing economies and governments are providing various opportunities for foreign investors to invest in their countries for the development of infrastructure with leading modern amenities.
- Owing to the abundance availability of natural resources and raw materials required for manufacturing the parts of these walkways, the manufacturers can set up their plants in these regions and can sell their products at a very economical price and gain good market share and profit.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Airport Moving Walkways industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Airport Moving Walkways industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Airport Moving Walkways market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Airport Moving Walkways industry. The Airport Moving Walkways market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Airport Moving Walkways sector. Key strategic developments in the Airport Moving Walkways market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Airport Moving Walkways market are appropriately highlighted in the report.
A moving walkway, often discussed with other names like moving pavement, tourist, the auto walk is a conveyor system that takes people from one end to the other on a set of horizontal or inclined metal plates that are attached in a short time. Such walkways can either be used by standing or walking on them, and they are always built-in pairs, one for each direction. Thanks to the rising tourism and travel industry along with rapid industrialization around the globe, the increasing demand for air passengers is pushing the need for moving walkways at the airport. Big US, European and U.A.E nations are growing their focus on developing their world-class airports and are preparing expansion projects.
The Airport Moving Walkways market research report delivers an acute valuation and taxonomy of the Airport Moving Walkways industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Airport Moving Walkways industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Airport Moving Walkways industry is provided for the leading economies of the world.
The Airport Moving Walkways market is segmented based on Type, Inclination Angle, and Speed. On the basis of type segmentation, the market is classified into Pallet Type and Belt Type. In terms of inclination angle segmentation, the market is bifurcated into horizontal and inclined. In terms of speed segmentation, the market is divided into Constant moving walkways (CMW) and Accelerating moving walkways (AMW).
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
The taxonomy of the Airport Moving Walkways Market by its scope and segmentation is as follows:
By Type Segmentation Analysis
- Pallet Type
- Belt Type
By Inclination Angle Segmentation Analysis
- Horizontal
- Inclined
By Speed Segmentation Analysis
- Constant moving walkways (CMW)
- Accelerating moving walkways (AMW)
By Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- 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
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Kone Corporation
- Otis Elevator Company
- Schindler Group
- Thyssenkrupp AG
- Hitachi
- Hyundai Elevator Company
- Mitsubishi Electric
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