The global airport moving walkway system market accounted for $4,155.6 million in 2019 and is expected to reach $5,135.6 million by 2027, registering a CAGR of 3.0% from 2020 to 2027. Airport moving walkway systems are used to move people from one place to another within the airport premises, from parking to the terminals or from lobby to the terminals or from one terminal to another. Horizontal type of moving walkway is used to move along the flat surface whereas inclined type of moving walkway is used to climb across the different floors. Belt type or pallet type of moving walkways are used depending the purpose of installation. For instance, pallet type is preferred to carry both luggage and human load at the same time.
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- Analogue Holdings Limited (ATAL Engineering Group)
- Fujitec Co., Ltd
- Thyssenkrupp AG
- Hitachi, Ltd.
- Hyundai Elevator Co., Ltd.
- Kone Corporation
- Mitsubishi Electric Corporation
- United Technologies
The Global Airport Moving Walkway System Market research report offers an in-depth analysis of the global market, providing relevant information for the new market entrants or well-established players. Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.
Rise in preference for air travel amongst the travelers in the last few years has increased the need to build new airports and expand or renovate the old airports as well. For instance, Airport Company of South Africa in January 2019 announced expansion and modernization of six different airport of South Africa in the next eight years. This will give rise to airport moving walkway system market in the forecast period. Also, Japan’s Kansai International Airport has planned to invest $911 million to upgrade the airport with additional terminal till 2025.
Thus, new constructions, expansions, or renovation of airports are giving rise to the airport moving walkway systems. For instance, Otis installed moving walkway systems in the Shanghai International Airport during the expansion process that was expected to complete in November 2019. Similarly, the maintenance of the moving walkways has to be done timely for its smooth working and avoid failure. For instance, Otis has signed a contract with London Gatwick Airport in February 2019 for the maintenance of 340 units of elevators, escalators and moving walkways for the period of five years
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Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy and rest of Europe), Asia-Pacific (China, Japan, South Korea, India and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2019, Asia-Pacific contributed the highest airport moving walkway system market share and is anticipated to secure the leading position during the forecast period, due to rise in new installation of airport moving walkway system market in Asia-Pacific.