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, IMARC Group expects the market to reach US$ 3.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
A moving walkway system is a slow-moving conveyor mechanism powered by a motor to transport people across a horizontal or inclined plane. 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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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The global market is primarily driven by significant growth in the travel and tourism industry. 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.
Breakup by Business Type:
- New Installation
- Modernization
- Maintenance
Breakup by Type:
- Belt Type
- Pallet Type
Breakup by Angle:
- Horizontal
- Inclined
Breakup by Speed:
- Constant Moving Walkways (CMW)
- Accelerating Moving Walkways (AMW)
Breakup by Region
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 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.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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