0
2021
Airport Moving Walkway Systems Market

Airport Moving Walkway Systems Market

by Business Type (New Installation, Modernization, and Maintenance), Type (Belt Type and Pallet Type), and Angle (Horizontal and Inclined): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A06194
Pages: 230
Nov 2021 | 5550 Views
Author(s) : Digvijay Pawar
Tables: 115
Charts: 71
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COVID-19

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The global airport moving walkway systems market was valued at $1,952.5 million in 2020, and is expected to reach $2,959.2 million by 2030, registering a CAGR of 4.0% from 2021 to 2030. Moving walkway or moving sidewalk, also called as travelator, is a transport system that uses conveyor. The moving walkways move people safely and slowly over a short distance along the ground level or inclined between two floors of the building. Escalators and walkways have similar applications. People walk or stand on the conveyor and it starts to roll. Walkways are installed in pairs with opposite direction of rolling, and have moving safety handrails alongside. These handrails roll into end comb-plate as the walkway ends. 

The airport moving walkway systems market was hampered during the outbreak of COVID-19 pandemic, owing to restrictions of travelling activities. In addition, the sales of moving walkway systems was hampered owing to limited construction and renovation activities of the airports.

Development of the airport moving walkway systems industry due to increase in number of air travelers at airports is a key factor propelling the market growth. In case of large airports where number of flights operated are more, the number of travelers is high. Therefore, smooth and safe commute of travelers from one place to another inside the airport itself is extremely important. Further, many airports are expanding their current infrastructure, which will drive the growth of the airport moving walkway systems market share.

Airport-Moving-Walkway-Systems-Market-2021-2030

Modernization of airports in developed and developing countries has led to rise in installation of moving walkways, thus leading to airport moving walkway systems market growth in the last few decades.

Technological developments have made airport moving walkway systems efficient due to the use of energy-efficient components such as motors and LEDs. These factors drive the growth of the walkway systems market. However, the installation cost of walkways is high and the maintenance to replace any damaged component is expensive. If the walkway fails to operate or stops while operating, then the whole line will halt. This can cause delay in movement of passengers, thus affecting the growth of the market, as some architects do not prefer moving walkways due to the mentioned reasons. However, rise in number of travelers through air makes the airport crowded, and hence fast and safe commute of passengers is necessary. In addition, facilities provided in airports are advanced, and governments have started spending large amount on advanced technologies such as moving walkways to be installed in airports. This boosts the growth of the airport moving walkway systems market during the forecast period.

Furthermore, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. Construction and transportation activities, along with their supply chains, were hampered on a global level. This led to decline in manufacturing of cone crushers as well as their demand in the market, thereby restraining growth of the airport moving walkway systems market. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of airport moving walkway systems companies at their full-scale capacities, which is expected to help the airport moving walkway systems markets to recover by the end of 2021.

Airport Moving Walkway Systems Market
By Business Type

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Maintenance segment is projected to grow at a significant CAGR

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The market for airport moving walkway systems market is segmented into business type, type, angle, and region. Depending on business type, the market is categorized into new installation, modernization, and maintenance. By type, it is segregated into belt type and pallet type. On the basis of angle, it is bifurcated into horizontal and inclined. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By business type, the new installation segment dominated the airport moving walkway systems market in 2020, in terms of revenue, and maintenance segment is expected to grow at a higher CAGR during the forecast period. On the basis of type, the pallet type market is expected to lead the market during the forecast period. Depending on angle, the horizontal segment exhibited the highest growth, however, the inclined segment is expected to lead the market during the forecast period.

Airport Moving Walkway Systems Market
By System Type

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Belt segment is expected to grow at a significant rate during the forecast period.

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Region wise, the airport moving walkway systems market analysis is across North America, Europe, Asia-Pacific, and LAMEA. In 2020, Asia-Pacific contributed the highest airport moving walkway systems market share, and is anticipated to secure the leading position during the forecast period, due to rise in new installation of airport moving walkway systems market in Asia-Pacific.

Competition Analysis

Competitive analysis and profiles of the major players in the airport moving walkway systems market such as Analogue Holdings Limited (ATAL Engineering Group), Fujitec Co., Ltd, Toshiba Elevator and Building Systems Corporation, Hitachi, Ltd., Hyundai Elevator Co., Ltd., Kone Corporation, Mitsubishi Electric Corporation, Raytheon Technologies Corporation, Schindler, and Stannah are provided in this report. The key strategies adopted by key players include product launches, acquisitions, and joint ventures. For instance, Nippon Otis Elevator Company announced its merger with Otis Elevator Service, a fully owned subsidiary of Nippon Otis. Nippon Otis will remain as the surviving company. Thus, such strategies will give airport moving walkway systems market opportunity for growth in the forecast period.

Airport Moving Walkway Systems Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and LAMEA is expected to grow at a highest rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current trends, future estimations, and dynamics of the airport moving walkway systems market. 
  • In-depth airport moving walkway systems market analysis is conducted by estimations for the key segments between 2021 and 2030. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
  • The market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the market industry.

Airport Moving Walkway Systems Market Report Highlights

Aspects Details
By Business Type
  • New Installation
  • Modernization
  • Maintenance
By Type
  • Belt Type
  • Pallet Type
By Angle
  • Horizontal
  • Inclined
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, The UK, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, South Korea, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
By KEY PLAYERS
  • Analogue Holdings Limited (ATAL Engineering Group)
  • Fujitec Co., Ltd
  • Toshiba Elevator and Building Systems Corporation
  • Hitachi, Ltd.
  • Hyundai Elevator Co., Ltd.
  • Kone Corporation
  • Mitsubishi Electric Corporation
  • Raytheon Technologies Corporation
  • Schindler
  • Stannah
 

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The airport moving walkway systems market holds high potential in the maintenance segment. Further, various types of airport moving walkway systems are available in the market, however, choosing the right type of airport moving walkway systems is imperative. While selecting airport moving walkway systems, industries focus on parameters such as the complexity of the project, material, cost, quality, time, and safety.

Airport moving walkway systems is specially designed machinery for transport system, which uses conveyor. The moving walkway systems move travelers or commuters safely and slowly over a medium to long distance along the ground level or inclined between two floors of the airport building.

The global airport moving walkway systems market covers different segments such as business type, type, and angle.

Asia-Pacific has secured the highest share in the airport moving walkway systems market in the past few years, and is expected to dominate the market during the forecast period, owing to increase in demand for new construction and maintenance of moving walkways.

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FREQUENTLY ASKED QUESTIONS?

A. The global airport moving walkway system market size was valued at $1,952.5 million in 2020, and is projected to reach $2,959.2 million by 2030, growing at a CAGR of 4.0% from 2021 to 2030.

A. The forecast period considered for the global airport moving walkway system market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.

A. To get latest version of global airport moving walkway system market report can be obtained on demand from the website.

A. The base year considered in the global airport moving walkway system market report is 2020.

A. The top companies holding the market share in the global airport moving walkway system market report include Analogue Holdings Limited (ATAL Engineering Group), Fujitec Co., Ltd, Toshiba Elevator and Building Systems Corporation, Hitachi, Ltd., Hyundai Elevator Co., Ltd., Kone Corporation, Mitsubishi Electric Corporation, Raytheon Technologies Corporation, Schindler, and Stannah.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. By business type, the new installation segment dominated the global airport moving walkway system market, in terms of revenue and is expected to maintain this trend during the forecast period.

A. By type, the belt type segment is the highest share holder of global airport moving walkway system market.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. The market value of the global airport moving walkway system market is $2,079.4 million in 2021.

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