Global Airport Moving Walkways global market 2024, Forecast To 2033

24 Jan, 2024

The airport moving walkways market has experienced robust growth, expanding from $2.32 billion in 2023 to $2.44 billion in 2024 at a CAGR of 5.1%. This growth in the historic period is attributed to increased passenger traffic, congestion in airports, integration with smart airport technologies, demand for contactless and hygienic travel solutions, urbanization, and the growth of mega-cities driving airport expansion, supported by government initiatives and funding. Looking ahead to 2028, the market is expected to achieve strong growth, reaching $2.99 billion at a CAGR of 5.2%. The forecasted growth is driven by an emphasis on passenger experience, terminal aesthetics, integration with smart airport technologies, demand for contactless and hygienic travel solutions, urbanization, and the growth of mega-cities driving airport expansion, with major trends focusing on energy-efficient and sustainable designs, technological advancements in moving walkway systems, incorporation of IoT and smart connectivity, design customization and aesthetics, as well as integration with airport information systems.

Global Airport Moving Walkways Market Key Driver

The airport moving walkways market is set to grow with the increasing number of air passengers globally, projected to reach 10.5 billion by 2040, according to the International Civil Aviation Organization (ICAO). These walkways serve as essential passageways within airports, facilitating the movement of passengers, especially those carrying heavy luggage. The rise in the number of airline passengers is a driving force behind the growth of the airport moving walkways market.

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Global Airport Moving Walkways Market Segments

The global airport moving walkways market covered in this report is segmented –
1) By Type: Belt Type, Pallet Type
2) By Inclination Angle: Horizontal, Inclined
3) By Business Type: New Installation, Modernization, Maintenance
4) By Speed: Constant Moving Walkways (CMW), Accelerating Moving Walkways
By Geography: The regions covered in the Airport Moving Walkways market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Asia-Pacific was the largest region in the airport moving walkways market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport moving walkways market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major Airport Moving Walkways Industry Players

Fujitec Co. Ltd, Hitachi Ltd., Hyundai Elevator Co. Ltd., Kone Corporation, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler Holding AG, Stannah Lifts Holdings Ltd., Thyssenkrupp AG, Toshiba Elevator and Building Systems Corporation, United Technologies Corporation, Wirtgen Group, Orona Group S. Coop., VGSI Elevator LLC., Teknic Elevators PPG Pvt. Ltd., Sigma Elevator Company, Wittur Group, Canny Elevator Co. Ltd., IFE Elevators Co. Ltd., Doppler S.A., SJEC Corporation, Wittur Group S.p.A., Aljo Elevator, Express Lift Co. Ltd., Shanghai STEP Electric Corporation, ZIEHL-ABEGG SE, LEHYER GmbH, VDA Group, Luceco Electric Company Ltd., Ningbo Xinda Group Co. Ltd.

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Airport Moving Walkways Market Overview

The airport moving walkway is a slow-moving conveyor system that transports people over horizontal or inclined planes over a shorter distance and assist people in reaching the desired location at airports. They are installed in pairs with opposite directions of roll, with safety handrails alongside. They are also known as flat escalators or travelator machines.

Airport Moving Walkways Global Market Report 2023 provides data on the global airport moving walkways market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The airport moving walkways market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.