According to the latest report by IMARC Group, titled “Airport Moving Walkway System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global airport moving walkway system market size reached US$ 2.3 Billion in 2022. Looking forward, the market expected to reach US$ 3.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
A motor-driven, slow-moving conveyor system known as a moving walkway system carries passengers across flat or incline surfaces. It ensures smooth and easy movement of passengers and luggage across the airport. Nowadays, moving walkways are commonly used in large airports to assist passengers with heavy luggage in the passageways between concourses and the terminal or as an easy access to the parking area.
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Global Airport Moving Walkway System Market Trends and Drivers:
The travel and tourism sector’s rapid expansion is what essentially drives the global market. Since these moving walkaway systems offer enhanced convenience to the passengers, they are widely being deployed across numerous national and international airports across the globe. Additionally, the increasing air passenger traffic has also impelled the demand for better infrastructure and transportation facilities, thus creating a positive outlook for the market. Moreover, rising investments by numerous public and private agencies and the enhanced focus toward airport expansion activities are facilitating the adoption of moving walkway system across airports.
Airport Moving Walkway System Market 2023-2028 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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
- ThyssenKrupp AG.
The report has segmented the market on the basis on region, business type, type, angle and speed.
Breakup by Business Type:
- New Installation
Breakup by Type:
- Belt Type
- Pallet Type
Breakup by Angle:
Breakup by Speed:
- Constant Moving Walkways (CMW)
- Accelerating Moving Walkways (AMW)
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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