The global airport moving walkways market size is expected to grow from $2.13 billion in 2021 to $2.21 billion in 2022 at a compound annual growth rate (CAGR) of 3.33%. The global airport moving walkways market size is expected to reach $2.59 billion in 2026 at a CAGR of 4.08%.
What is the Global Airport Moving Walkways Market?
The airport moving walkways market consists of sales of airport moving walkways by entities (organizations, sole traders, partnership) that are made up of slow-moving conveyor systems that transport 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 rolling with safety handrails alongside. They are also known as flat escalators or travelator machines.
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What drives the Global Airport Moving Walkways Market?
The growing number of air passengers is expected to propel the growth of the airport moving walkways market. The passengers at the airport carry heavy luggage with them and they are required to move to a distance, in such cases moving walkways acts as passageways between the terminals, within particularly long concourses, or, as access to a parking facility. For instance, according to the International Civil Aviation Organization (ICAO), a specialized agency of the United Nations, the global number of airline passengers is expected to reach 10.5 billion by the year 2040. Therefore, the growth in the number of airline passengers is driving the growth of the airport moving walkways market.
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Global Airport Moving Walkways Market Segments
The global airport moving walkways market is segmented:
By Type: Belt Type, Pallet Type
By Inclination Angle: Horizontal, Inclined
By Business Type: New Installation, Modernization, Maintenance
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.
Airport Moving Walkways Global Market Report 2022provides market size and growth forecasts for the global airport moving walkways market, global airport moving walkways market share, airport moving walkways market global segments and geographies, airport moving walkways global market competitive landscape including leading competitors’ revenues, profiles and market shares. The airport moving walkways market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Airport Moving Walkways Industry Playersinclude Fujitec Co. Ltd, Hitachi, Ltd., Hyundai Elevator Co. Ltd., Kone Corporation, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler, Stannah, Thyssenkrupp AG, Toshiba Elevator and Building Systems Corporation, United Technologies, Kleemann, Orona Group, VGSI ELEVATOR LLC, and Teknic Elevators PPG Pvt. Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
