Airport moving walkways are slow-moving conveyor systems designed to transport people over horizontal or inclined planes, facilitating their movement over shorter distances within airports. Installed in pairs with opposite directions of roll, these walkways feature safety handrails alongside for passenger support. They are also commonly known as flat escalators or travelators.
The main types of airport moving walkways include belt-type and pallet-type. Belt-type moving walkways are constructed with mesh metal belts or rubber walking surfaces over metal rollers. These can be either inclined or flat and find applications in airports, metro terminals, or shopping malls. The inclination angles of airport moving walkways can vary, categorized into horizontal and inclined types, with different business applications including new installations, modernization, and maintenance. The speed types for airport moving walkways include constant moving walkways (CMW) and accelerating moving walkways.
The airport moving walkways market research report is one of a series of new reports that provides airport moving walkways market statistics, including airport moving walkways industry global market size, regional shares, competitors with an airport moving walkways market share, detailed airport moving walkways market segments, market trends and opportunities, and any further data you may need to thrive in the airport moving walkways industry. This airport moving walkways market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. `
The airport moving walkways market size has grown strongly in recent years. It will grow from $2.32 billion in 2023 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth observed in the historical period can be attributed to factors such as increased passenger traffic and congestion in airports, integration with smart airport technologies, demand for contactless and hygienic travel solutions, urbanization leading to the growth of mega-cities and subsequent airport expansion, as well as government initiatives and funding aimed at airport modernization.
The airport moving walkways market size is expected to see strong growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be attributed to a focus on enhancing passenger experience and terminal aesthetics, continued integration with smart airport technologies, sustained demand for contactless and hygienic travel solutions, urbanization leading to airport expansion in mega-cities, and government initiatives and funding supporting airport modernization. Key trends expected in this forecast period include the adoption of energy-efficient and sustainable designs, technological advancements in moving walkway systems, incorporation of IoT (Internet of Things) and smart connectivity features, customization of designs for aesthetics, and integration with airport information systems.
The rise in the number of air passengers is expected to drive the growth of the airport moving walkways market. As travelers frequently carry heavy luggage at airports, moving walkways act as convenient pathways between terminals, extended concourses, or parking facilities. According to the International Civil Aviation Organization (ICAO), global airline passenger numbers are projected to reach 10.5 billion by 2040. Consequently, the growing number of air passengers is a driving factor for the expansion of the airport moving walkways market.
The increased demand for tourism is anticipated to contribute to the growth of the airport-moving walkways market. Tourism involves spending time away from home for leisure, relaxation, and recreation while using commercial services. Moving walkways, commonly found in larger airports and extended concourses, provide travelers with an easier and less effort-intensive way to reach their gates. The United Nations World Tourism Organization predicts foreign tourist receipts to surpass $1 trillion in 2022, marking a 50% real-term increase from 2021 due to a significant resurgence in foreign travel. Therefore, the growing need for tourism is a significant driver behind the growth of the airport moving walkways market.
Another emerging trend in the airport-moving walkway market is partnerships and collaborations between companies and research organizations. These collaborations aim to enhance the operational capabilities and performance of existing products. For example, Accessibility Standards Canada (ASC), a federal research organization, partnered with the Canadian Standards Association (CSA) Group in December 2021 to introduce CSA B651, a revised national accessibility standard for the built environment. This updated edition incorporates improvements in various areas such as the exterior environment, circulation (including elevators, escalators, and moving walkways), tactile walking surface indicators, interior rooms (including washrooms and kitchens), and emergency egress. This collaboration is a step towards promoting and ensuring accessible and improved infrastructure in the built environment, including airport facilities.
The investment in airport moving walkways is a focal point for major companies aiming to enhance airport infrastructure and improve passenger experiences. Norfolk International Airport in the United States received an investment of $5.4 million in March 2023 to construct a moving walkway. The moving sidewalk will be installed on the pedestrian bridge connecting the departures and arrivals terminal buildings. This development is intended to offer faster and more efficient transportation within the airport, reducing wait times and enhancing the overall experience for travelers.
In January 2021, Prysmian Group, an Italy-based company specializing in electrical cables for the energy and telecom sectors, acquired EHC Global. This acquisition aligns with Prysmian Group's strategy to expand and strengthen its value-added businesses. EHC Global, based in Canada, is a manufacturer of handrails, rollers, and lift components for escalators, elevators, and moving walks. This acquisition aims to bolster Prysmian Group's portfolio in related sectors, potentially contributing to innovations and improvements in moving walkway technology and components.
Major companies operating in the airport moving walkways market include 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.
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 are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the airport moving walkways market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The airport moving walkways market consists of sales of walkway system, motors, controls, and lighting, truss, tracks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The main types of airport moving walkways include belt-type and pallet-type. Belt-type moving walkways are constructed with mesh metal belts or rubber walking surfaces over metal rollers. These can be either inclined or flat and find applications in airports, metro terminals, or shopping malls. The inclination angles of airport moving walkways can vary, categorized into horizontal and inclined types, with different business applications including new installations, modernization, and maintenance. The speed types for airport moving walkways include constant moving walkways (CMW) and accelerating moving walkways.
The airport moving walkways market research report is one of a series of new reports that provides airport moving walkways market statistics, including airport moving walkways industry global market size, regional shares, competitors with an airport moving walkways market share, detailed airport moving walkways market segments, market trends and opportunities, and any further data you may need to thrive in the airport moving walkways industry. This airport moving walkways market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. `
The airport moving walkways market size has grown strongly in recent years. It will grow from $2.32 billion in 2023 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth observed in the historical period can be attributed to factors such as increased passenger traffic and congestion in airports, integration with smart airport technologies, demand for contactless and hygienic travel solutions, urbanization leading to the growth of mega-cities and subsequent airport expansion, as well as government initiatives and funding aimed at airport modernization.
The airport moving walkways market size is expected to see strong growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be attributed to a focus on enhancing passenger experience and terminal aesthetics, continued integration with smart airport technologies, sustained demand for contactless and hygienic travel solutions, urbanization leading to airport expansion in mega-cities, and government initiatives and funding supporting airport modernization. Key trends expected in this forecast period include the adoption of energy-efficient and sustainable designs, technological advancements in moving walkway systems, incorporation of IoT (Internet of Things) and smart connectivity features, customization of designs for aesthetics, and integration with airport information systems.
The rise in the number of air passengers is expected to drive the growth of the airport moving walkways market. As travelers frequently carry heavy luggage at airports, moving walkways act as convenient pathways between terminals, extended concourses, or parking facilities. According to the International Civil Aviation Organization (ICAO), global airline passenger numbers are projected to reach 10.5 billion by 2040. Consequently, the growing number of air passengers is a driving factor for the expansion of the airport moving walkways market.
The increased demand for tourism is anticipated to contribute to the growth of the airport-moving walkways market. Tourism involves spending time away from home for leisure, relaxation, and recreation while using commercial services. Moving walkways, commonly found in larger airports and extended concourses, provide travelers with an easier and less effort-intensive way to reach their gates. The United Nations World Tourism Organization predicts foreign tourist receipts to surpass $1 trillion in 2022, marking a 50% real-term increase from 2021 due to a significant resurgence in foreign travel. Therefore, the growing need for tourism is a significant driver behind the growth of the airport moving walkways market.
Another emerging trend in the airport-moving walkway market is partnerships and collaborations between companies and research organizations. These collaborations aim to enhance the operational capabilities and performance of existing products. For example, Accessibility Standards Canada (ASC), a federal research organization, partnered with the Canadian Standards Association (CSA) Group in December 2021 to introduce CSA B651, a revised national accessibility standard for the built environment. This updated edition incorporates improvements in various areas such as the exterior environment, circulation (including elevators, escalators, and moving walkways), tactile walking surface indicators, interior rooms (including washrooms and kitchens), and emergency egress. This collaboration is a step towards promoting and ensuring accessible and improved infrastructure in the built environment, including airport facilities.
The investment in airport moving walkways is a focal point for major companies aiming to enhance airport infrastructure and improve passenger experiences. Norfolk International Airport in the United States received an investment of $5.4 million in March 2023 to construct a moving walkway. The moving sidewalk will be installed on the pedestrian bridge connecting the departures and arrivals terminal buildings. This development is intended to offer faster and more efficient transportation within the airport, reducing wait times and enhancing the overall experience for travelers.
In January 2021, Prysmian Group, an Italy-based company specializing in electrical cables for the energy and telecom sectors, acquired EHC Global. This acquisition aligns with Prysmian Group's strategy to expand and strengthen its value-added businesses. EHC Global, based in Canada, is a manufacturer of handrails, rollers, and lift components for escalators, elevators, and moving walks. This acquisition aims to bolster Prysmian Group's portfolio in related sectors, potentially contributing to innovations and improvements in moving walkway technology and components.
Major companies operating in the airport moving walkways market include 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.
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 are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the airport moving walkways market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The airport moving walkways market consists of sales of walkway system, motors, controls, and lighting, truss, tracks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Airport Moving Walkways Market Characteristics3. Airport Moving Walkways Market Trends And Strategies31. Global Airport Moving Walkways Market Competitive Benchmarking32. Global Airport Moving Walkways Market Competitive Dashboard33. Key Mergers And Acquisitions In The Airport Moving Walkways Market
4. Airport Moving Walkways Market - Macro Economic Scenario
5. Global Airport Moving Walkways Market Size and Growth
6. Airport Moving Walkways Market Segmentation
7. Airport Moving Walkways Market Regional And Country Analysis
8. Asia-Pacific Airport Moving Walkways Market
9. China Airport Moving Walkways Market
10. India Airport Moving Walkways Market
11. Japan Airport Moving Walkways Market
12. Australia Airport Moving Walkways Market
13. Indonesia Airport Moving Walkways Market
14. South Korea Airport Moving Walkways Market
15. Western Europe Airport Moving Walkways Market
16. UK Airport Moving Walkways Market
17. Germany Airport Moving Walkways Market
18. France Airport Moving Walkways Market
19. Italy Airport Moving Walkways Market
20. Spain Airport Moving Walkways Market
21. Eastern Europe Airport Moving Walkways Market
22. Russia Airport Moving Walkways Market
23. North America Airport Moving Walkways Market
24. USA Airport Moving Walkways Market
25. Canada Airport Moving Walkways Market
26. South America Airport Moving Walkways Market
27. Brazil Airport Moving Walkways Market
28. Middle East Airport Moving Walkways Market
29. Africa Airport Moving Walkways Market
30. Airport Moving Walkways Market Competitive Landscape And Company Profiles
34. Airport Moving Walkways Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Airport Moving Walkways Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on airport moving walkways market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description:
Where is the largest and fastest growing market for airport moving walkways? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
- Markets Covered: 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
- Companies Mentioned: Fujitec Co. Ltd; Hitachi Ltd.; Hyundai Elevator Co. Ltd.; Kone Corporation; Mitsubishi Electric Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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.