The global airport moving walkway system market size reached US$ 2.4 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 3.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2023-2032. The market market is majorly driven by the strong focus on passenger convenience, efficient airport operations, sustainability initiatives, safety and accessibility compliance, and the competitive advantage these systems offer to airports in enhancing traveller experiences and optimizing infrastructure utilization.
Major Market Drivers: Passenger convenience is a primary driver, with airports seeking to enhance traveller experiences by reducing walking distances and improving overall satisfaction. Sustainability initiatives are fueling demand as airports aim to reduce carbon emissions and energy consumption through energy-efficient moving walkway systems.
Technological Advancements: Technological innovations include smart features, AI-driven maintenance, and energy-efficient designs, enhancing system reliability and passenger experience. Data analytics and IoT integration allow for remote monitoring and predictive maintenance.
Industry Applications: Airport moving walkway systems are integral for passenger mobility within terminals, concourses, and corridors, optimizing passenger flow and minimizing congestion.
Key Market Trends: Customization and flexibility in system design to suit specific airport layouts and passenger needs. Emphasis on eco-friendly solutions, promoting sustainability and energy efficiency. Adoption of inclined and accelerating moving walkway systems for specialized applications.
Geographical Trends: Asia Pacific dominates the market due to extensive airport construction and expansion projects, followed by North America and Europe.
Competitive Landscape: Key players are investing in R&D, customization, and technology integration to maintain market leadership. Partnerships with airport authorities and infrastructure firms are securing long-term contracts.
Challenges and Opportunities: Challenges include increasing competition and the need to meet stringent safety and accessibility standards. Opportunities lie in emerging markets, smart technology integration, and eco-friendly solutions that align with sustainability goals.
New installations represent the largest segment in the walkway system market. This segment encompasses the installation of brand-new moving walkway systems in airports that are either expanding their infrastructure or renovating existing terminals. The demand for new installations is driven by airport's efforts to enhance passenger convenience, improve operational efficiency, and meet sustainability goals. Airport operators are investing significantly in these systems to accommodate the growing number of travelers and provide a seamless experience within modern airport facilities.
On the other hand, the modernization segment involves the upgrading and refurbishment of existing moving walkway systems in airports. As these systems age, airports seek to enhance their performance, safety features, and energy efficiency. Modernization projects include replacing outdated components, improving accessibility for passengers with disabilities, and integrating advanced technology to extend the lifespan of existing systems.
Furthermore, maintenance services constitute a crucial segment in the moving walkway system market. Airport operators prioritize the regular upkeep and servicing of moving walkway systems to ensure their reliability, safety, and efficiency. In addition to this, maintenance contracts encompass routine inspections, repairs, and preventive measures to minimize downtime and ensure uninterrupted passenger flow.
Pallet-type moving walkway systems dominate the market as the largest segment. These systems feature a series of interconnected pallets or platforms that passengers stand or walk on. Pallet-type walkways are known for their durability, high weight-bearing capacity, and ability to accommodate large numbers of passengers simultaneously. They are widely preferred in airports due to their versatility in handling diverse passenger loads, including passengers with luggage and those with reduced mobility. The robust design and reliability of pallet-type systems make them the preferred choice for many airport operators.
On the other hand, belt-type moving walkway systems are another segment of the market, offering a different design approach. These systems consist of a continuous belt that moves passengers along a flat surface. While not as common as pallet-type systems, belt-type walkways have their niche applications, particularly in smaller airports or areas with lighter passenger traffic.
Horizontal moving walkway systems are the dominant segment in the global market. These systems are designed to move passengers in a horizontal, flat direction, making them ideal for covering long distances within airport terminals, concourses, and corridors. Horizontal moving walkways are widely adopted due to their versatility in accommodating passengers, luggage, and carts, offering a convenient means of transportation on a single level. They are integral to improving passenger flow, reducing walking time, and enhancing the overall airport experience.
On the other hand, inclined moving walkway systems represent a specialized segment of the market. These systems are designed to transport passengers along an inclined or sloped path, commonly found in areas with varying terrain or elevation changes within the airport. Inclined walkways are particularly useful for connecting different levels, such as arrivals and departures, or for providing accessibility in areas where ramps or elevators may not be practical.
Constant moving walkway systems maintain a consistent, uniform speed from the moment passenger's step onto the walkway until they reach the end. CMWs are widely used in airports to facilitate passenger transportation over moderate distances within terminals and concourses. They are known for their reliability, simplicity, and ease of use. Passengers can confidently step onto a CMW, knowing that the speed will remain constant throughout their journey. This predictability is valuable for providing a seamless and stress-free travel experience, making CMWs a staple in airport infrastructure.
On the other hand, accelerating moving walkway systems represent a more specialized segment. These systems start at a slower speed when passengers step onto the walkway and gradually increase their speed to a predetermined maximum as passengers move forward. AMWs are designed for covering longer distances efficiently and are often used in larger airports or terminals with extensive concourses.
Asia Pacific stands out as the largest regional segment in the market. This dynamic region has witnessed significant growth in air travel, with a rise in airport construction and expansion projects. Airports in countries, including China, India, and Southeast Asian nations have been investing heavily in modernizing their infrastructure to accommodate the increasing number of passengers. The demand for moving walkway systems is driven by the region's commitment to enhancing passenger experiences, improving airport efficiency, and meeting sustainability goals. The robust expansion of airports and the sheer volume of travelers in Asia Pacific make it the leading market for airport moving walkway systems.
Moreover, North America represents a substantial market for systems, driven by the presence of major international airports and a growing emphasis on passenger convenience. Airports in the United States and Canada continually invest in upgrading their terminals and integrating modern amenities to provide efficient and enjoyable travel experiences. The adoption of moving walkway systems is prominent, especially in large airports and those undergoing expansion or renovation.
Additionally, Europe is a significant segment within the market, characterized by a well-developed airport infrastructure and a strong focus on passenger satisfaction. European airports recognize the importance of moving walkway systems in streamlining passenger flow and minimizing walking distances within terminals. As airports in the region cater to both domestic and international travelers, the demand for these systems remains steady, making Europe a notable market.
Furthermore, Latin America showcases a growing market for moving walkway systems, propelled by airport modernization efforts and increased air travel. Airports in countries, such as Brazil and Mexico are investing in infrastructure enhancements, including the installation of moving walkway systems, to keep pace with the rising passenger numbers. The region's commitment to providing a seamless and comfortable travel experience contributes to the adoption of these systems.
On the contrary, the Middle East and Africa represent an emerging segment in the market. Airports in the Middle East, particularly in the United Arab Emirates, have gained global recognition for their ambitious expansion projects and state-of-the-art facilities. As these airports continue to grow and accommodate international travelers, the demand for moving walkway systems as a means of enhancing passenger mobility and convenience is on the rise. In Africa, select airports are also investing in these systems to improve the travel experience for passengers.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
2. What is the expected growth rate of the global airport moving walkway system market during 2024-2032?
3. What are the key factors driving the global airport moving walkway system market?
4. What has been the impact of COVID-19 on the global airport moving walkway system market?
5. What is the breakup of the global airport moving walkway system market based on the business type?
6. What is the breakup of the global airport moving walkway system market based on the type?
7. What is the breakup of the global airport moving walkway system market based on the angle?
8. What are the key regions in the global airport moving walkway system market?
9. Who are the key players/companies in the global airport moving walkway system market?
Airport Moving Walkway System Market Analysis:
Market Growth and Size: The global market is experiencing robust growth, driven by increasing air travel and airport expansion projects worldwide. The market size is substantial, with Asia Pacific leading as the largest region due to its rapid airport infrastructure development.Major Market Drivers: Passenger convenience is a primary driver, with airports seeking to enhance traveller experiences by reducing walking distances and improving overall satisfaction. Sustainability initiatives are fueling demand as airports aim to reduce carbon emissions and energy consumption through energy-efficient moving walkway systems.
Technological Advancements: Technological innovations include smart features, AI-driven maintenance, and energy-efficient designs, enhancing system reliability and passenger experience. Data analytics and IoT integration allow for remote monitoring and predictive maintenance.
Industry Applications: Airport moving walkway systems are integral for passenger mobility within terminals, concourses, and corridors, optimizing passenger flow and minimizing congestion.
Key Market Trends: Customization and flexibility in system design to suit specific airport layouts and passenger needs. Emphasis on eco-friendly solutions, promoting sustainability and energy efficiency. Adoption of inclined and accelerating moving walkway systems for specialized applications.
Geographical Trends: Asia Pacific dominates the market due to extensive airport construction and expansion projects, followed by North America and Europe.
Competitive Landscape: Key players are investing in R&D, customization, and technology integration to maintain market leadership. Partnerships with airport authorities and infrastructure firms are securing long-term contracts.
Challenges and Opportunities: Challenges include increasing competition and the need to meet stringent safety and accessibility standards. Opportunities lie in emerging markets, smart technology integration, and eco-friendly solutions that align with sustainability goals.
Airport Moving Walkway System Market Trends:
Passenger convenience
The primary driver of the market is the emphasis on enhancing passenger convenience at airports. These systems significantly reduce walking distances within terminals, making it more convenient for travelers to traverse large airport complexes. This is especially beneficial for passengers with tight connecting flights, elderly individuals, and those with reduced mobility. By improving passenger flow and reducing travel times, airport moving walkway systems enhance overall customer satisfaction. This convenience-driven approach aligns with airport's efforts to provide a seamless and stress-free travel experience. As a result, airport operators are increasingly investing in these systems to meet the changing expectations of travelers, thereby positioning them as a crucial element in modern airport infrastructure development.Sustainability initiatives
Airport moving walkway systems are designed with energy-efficient features to minimize their environmental footprint. They often incorporate sensors that activate the walkway when passengers step on, conserving energy during periods of inactivity. This energy-conscious design aligns with airport's efforts to reduce their carbon emissions and energy consumption, contributing to their sustainability goals. By promoting the use of moving walkway systems, airports can reduce the need for passengers to rely on shuttle services or internal combustion engine-powered vehicles within terminals. This reduction in vehicle emissions supports airports' commitment to environmental sustainability and cleaner air quality in and around the airport premises.Safety and accessibility compliance
Moving walkway systems are subject to rigorous safety standards and regulations. These standards include features such as emergency stop buttons, handrails, and sensors that detect obstructions. Compliance with these safety measures ensures that passengers can use the walkways with confidence, reducing the risk of accidents or injuries within the airport environment. Moreover, ensuring accessibility for all passengers, including those with disabilities, is a critical aspect of airport operations. Airport moving walkway systems are designed to be wheelchair-friendly, with smooth and even surfaces to accommodate mobility aids. This commitment to accessibility compliance enhances the overall inclusivity of airport facilities.Airport Moving Walkway System Industry Segmentation:
The publisher provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. The report has categorized the market based on business type, type, angle, and speed.Breakup by Business Type:
- New Installation
- Modernization
- Maintenance
New installation accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the business type. This includes new installation, modernization, and maintenance. According to the report, new installation represented the largest segment.New installations represent the largest segment in the walkway system market. This segment encompasses the installation of brand-new moving walkway systems in airports that are either expanding their infrastructure or renovating existing terminals. The demand for new installations is driven by airport's efforts to enhance passenger convenience, improve operational efficiency, and meet sustainability goals. Airport operators are investing significantly in these systems to accommodate the growing number of travelers and provide a seamless experience within modern airport facilities.
On the other hand, the modernization segment involves the upgrading and refurbishment of existing moving walkway systems in airports. As these systems age, airports seek to enhance their performance, safety features, and energy efficiency. Modernization projects include replacing outdated components, improving accessibility for passengers with disabilities, and integrating advanced technology to extend the lifespan of existing systems.
Furthermore, maintenance services constitute a crucial segment in the moving walkway system market. Airport operators prioritize the regular upkeep and servicing of moving walkway systems to ensure their reliability, safety, and efficiency. In addition to this, maintenance contracts encompass routine inspections, repairs, and preventive measures to minimize downtime and ensure uninterrupted passenger flow.
Breakup by Type:
- Belt Type
- Pallet Type
Pallet type holds the largest share in the industry
A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes belt type and pallet type. According to the report, pallet type accounted for the largest market share.Pallet-type moving walkway systems dominate the market as the largest segment. These systems feature a series of interconnected pallets or platforms that passengers stand or walk on. Pallet-type walkways are known for their durability, high weight-bearing capacity, and ability to accommodate large numbers of passengers simultaneously. They are widely preferred in airports due to their versatility in handling diverse passenger loads, including passengers with luggage and those with reduced mobility. The robust design and reliability of pallet-type systems make them the preferred choice for many airport operators.
On the other hand, belt-type moving walkway systems are another segment of the market, offering a different design approach. These systems consist of a continuous belt that moves passengers along a flat surface. While not as common as pallet-type systems, belt-type walkways have their niche applications, particularly in smaller airports or areas with lighter passenger traffic.
Breakup by Angle:
- Horizontal
- Inclined
Horizontal represents the leading market segment
The report has provided a detailed breakup and analysis of the market based on the angle. This includes horizontal and inclined. According to the report, horizontal represented the largest segment.Horizontal moving walkway systems are the dominant segment in the global market. These systems are designed to move passengers in a horizontal, flat direction, making them ideal for covering long distances within airport terminals, concourses, and corridors. Horizontal moving walkways are widely adopted due to their versatility in accommodating passengers, luggage, and carts, offering a convenient means of transportation on a single level. They are integral to improving passenger flow, reducing walking time, and enhancing the overall airport experience.
On the other hand, inclined moving walkway systems represent a specialized segment of the market. These systems are designed to transport passengers along an inclined or sloped path, commonly found in areas with varying terrain or elevation changes within the airport. Inclined walkways are particularly useful for connecting different levels, such as arrivals and departures, or for providing accessibility in areas where ramps or elevators may not be practical.
Breakup by Speed:
- Constant Moving Walkways (CMW)
- Accelerating Moving Walkways (AMW)
Constant moving walkway systems maintain a consistent, uniform speed from the moment passenger's step onto the walkway until they reach the end. CMWs are widely used in airports to facilitate passenger transportation over moderate distances within terminals and concourses. They are known for their reliability, simplicity, and ease of use. Passengers can confidently step onto a CMW, knowing that the speed will remain constant throughout their journey. This predictability is valuable for providing a seamless and stress-free travel experience, making CMWs a staple in airport infrastructure.
On the other hand, accelerating moving walkway systems represent a more specialized segment. These systems start at a slower speed when passengers step onto the walkway and gradually increase their speed to a predetermined maximum as passengers move forward. AMWs are designed for covering longer distances efficiently and are often used in larger airports or terminals with extensive concourses.
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
Asia Pacific leads the market, accounting for the largest airport moving walkway system market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.Asia Pacific stands out as the largest regional segment in the market. This dynamic region has witnessed significant growth in air travel, with a rise in airport construction and expansion projects. Airports in countries, including China, India, and Southeast Asian nations have been investing heavily in modernizing their infrastructure to accommodate the increasing number of passengers. The demand for moving walkway systems is driven by the region's commitment to enhancing passenger experiences, improving airport efficiency, and meeting sustainability goals. The robust expansion of airports and the sheer volume of travelers in Asia Pacific make it the leading market for airport moving walkway systems.
Moreover, North America represents a substantial market for systems, driven by the presence of major international airports and a growing emphasis on passenger convenience. Airports in the United States and Canada continually invest in upgrading their terminals and integrating modern amenities to provide efficient and enjoyable travel experiences. The adoption of moving walkway systems is prominent, especially in large airports and those undergoing expansion or renovation.
Additionally, Europe is a significant segment within the market, characterized by a well-developed airport infrastructure and a strong focus on passenger satisfaction. European airports recognize the importance of moving walkway systems in streamlining passenger flow and minimizing walking distances within terminals. As airports in the region cater to both domestic and international travelers, the demand for these systems remains steady, making Europe a notable market.
Furthermore, Latin America showcases a growing market for moving walkway systems, propelled by airport modernization efforts and increased air travel. Airports in countries, such as Brazil and Mexico are investing in infrastructure enhancements, including the installation of moving walkway systems, to keep pace with the rising passenger numbers. The region's commitment to providing a seamless and comfortable travel experience contributes to the adoption of these systems.
On the contrary, the Middle East and Africa represent an emerging segment in the market. Airports in the Middle East, particularly in the United Arab Emirates, have gained global recognition for their ambitious expansion projects and state-of-the-art facilities. As these airports continue to grow and accommodate international travelers, the demand for moving walkway systems as a means of enhancing passenger mobility and convenience is on the rise. In Africa, select airports are also investing in these systems to improve the travel experience for passengers.
Leading Key Players in the Airport Moving Walkway System Industry:
The key players in the global market are actively engaged in several strategic initiatives to maintain and expand their market presence. These initiatives include ongoing research and development efforts to introduce more energy-efficient and technologically advanced moving walkway systems that align with sustainability goals. They are also focusing on expanding their global reach by participating in airport infrastructure projects worldwide, particularly in regions with high growth potential such as Asia Pacific. Additionally, key players are enhancing their maintenance and servicing capabilities to provide comprehensive support to airport operators, ensuring the continued reliability and efficiency of installed systems.The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
- 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
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Latest News:
- 19 September 2022: Hitachi Ltd. develops touchless operating panel for elevators. The newly developed touchless operating panel replaces the floor buttons normally found in an elevator car and enables elevator users to register a destination floor just by passing a finger over the floor displayed on the panel (LCD monitor), enabling the touchless use of the elevator.
- 18 October 2023: In October 2023, Anlev Elevator Group, a global brand of lifts, escalators, and moving walkways under ATAL Engineering Group, completed the acquisition of two lift companies in the United Kingdom.
- 16 March 2021: Schindler Group has completed the installation of 126 units, including 65 elevators, 31 escalators, and 30 moving walks at the redeveloped Salt Lake City International Airport. The contract also includes an additional 43 units that will be installed in the construction that is still currently underway.
Key Questions Answered in This Report
1. What was the size of the global airport moving walkway system market in 2023?2. What is the expected growth rate of the global airport moving walkway system market during 2024-2032?
3. What are the key factors driving the global airport moving walkway system market?
4. What has been the impact of COVID-19 on the global airport moving walkway system market?
5. What is the breakup of the global airport moving walkway system market based on the business type?
6. What is the breakup of the global airport moving walkway system market based on the type?
7. What is the breakup of the global airport moving walkway system market based on the angle?
8. What are the key regions in the global airport moving walkway system market?
9. Who are the key players/companies in the global airport moving walkway system market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Airport Moving Walkway System Market
6 Market Breakup by Business Type
7 Market Breakup by Type
8 Market Breakup by Angle
9 Market Breakup by Speed
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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.
Methodology
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