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The global airport moving walkway system market reached a value of about USD 2.27 billion in 2021. The market is further expected to grow at a CAGR of 4.70% in the forecast period of 2024-2032 to reach a value of approximately USD 3.01 billion by 2027.
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Based on type, the pallet type segment accounts for a significant share in the airport moving walkway system industry. This can be attributed to the high durability and robustness of the product, which is leading to its increased deployment at airports. Pallet style travelators are essentially flat elevators that consist of a series of metal plates connected to each other to create a continuous walkway that allows passengers to walk or stand easily.
Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period due to an increased emphasis on building new airports and airport development projects across the region. This can be associated with the growing government expenditure in the expansion of the country’s infrastructure. Furthermore, the rising air passenger traffic in major countries of the region such as China, India, and Japan is also expected to support the market growth in the forecast years.
A moving walkway is a slow-moving conveyor mechanism that moves people across a horizontal or inclined plane over a short to medium distance. It is also known as an autowalk, moving pavement, moving sidewalk, people-mover, or travelator. These walkways are installed in areas that receive a high foot traffic such as airports, railway stations, and metros, among others. These are usually installed in pairs to assist the to and fro movement.
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By business type, the market can be segmented into:
Based on system type, the market can be segregated into:
On the basis of angle, the industry can be bifurcated into:
The industry, based on speed, can be categorised into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The growth of the airport moving walkway system industry is estimated to be fuelled by the surging air passenger traffic as a result of the expanding travel and tourism industry, as well as the rising globalisation. It is estimated that by 2037, global air passenger traffic would hit an 8.2 billion mark, almost double of what it was in 2017. Another important factor adding to the market growth is the rising focus of the governments in airport development and expansion projects in major countries worldwide. By 2023, global airport investments are expected to exceed USD 45 billion, with new airport construction and terminal expansion projects.
Over the forecast period, the shorter travel time offered by airport moving walkway systems is expected to bolster their demand across the airport facilities. Moreover, since accelerating airport moving walkways (AMW) are easier to operate than constant moving walkways, they have gained a lot of traction, which is also predicted to support the market growth in the coming years.
The report gives a detailed analysis of the following key players in the global airport moving walkway system market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
---|---|
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Business Type, System Type, Angle, Speed, Region |
Breakup by Business Type | New Installation, Modernisation, Maintenance |
Breakup by System Type | Belt, Pallet |
Breakup by Angle | Horizontal, Inclined |
Breakup by Speed | Constant Moving Walkways (CMW), Accelerating Moving Walkways (AMW) |
Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
Companies Covered | FUJITEC CO., LTD., Hitachi, Ltd., HyundaiElevator Co.,Ltd., KONE Corporation, Schindler Elevator Corporation, TK Elevator GmbH, Toshiba Elevator and Building System Corporation, Others |
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format |
Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Airport Moving Walkway System Market Analysis
8.1 Key Industry Highlights
8.2 Global Airport Moving Walkway System Historical Market (2018-2023)
8.3 Global Airport Moving Walkway System Market Forecast (2024-2032)
8.4 Global Airport Moving Walkway System Market by Business Type
8.4.1 New Installation
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Modernisation
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Maintenance
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Airport Moving Walkway System Market by System Type
8.5.1 Belt
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Pallet
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Airport Moving Walkway System Market by Angle
8.6.1 Horizontal
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Inclined
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Airport Moving Walkway System Market by Speed
8.7.1 Constant Moving Walkways (CMW)
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Accelerating Moving Walkways (AMW)
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Airport Moving Walkway System Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Airport Moving Walkway System Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Airport Moving Walkway System Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Airport Moving Walkway System Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Airport Moving Walkway System Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Airport Moving Walkway System Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 FUJITEC CO., LTD.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Hitachi, Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 HyundaiElevator Co.,Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 KONE Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Schindler Elevator Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 TK Elevator GmbH
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Toshiba Elevator and Building System Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Airport Moving Walkway System Market: Key Industry Highlights, 2018 and 2032
2. Global Airport Moving Walkway System Historical Market: Breakup by Business Type (USD Billion), 2018-2023
3. Global Airport Moving Walkway System Market Forecast: Breakup by Business Type (USD Billion), 2024-2032
4. Global Airport Moving Walkway System Historical Market: Breakup by System Type (USD Billion), 2018-2023
5. Global Airport Moving Walkway System Market Forecast: Breakup by System Type (USD Billion), 2024-2032
6. Global Airport Moving Walkway System Historical Market: Breakup by Angle (USD Billion), 2018-2023
7. Global Airport Moving Walkway System Market Forecast: Breakup by Angle (USD Billion), 2024-2032
8. Global Airport Moving Walkway System Historical Market: Breakup by Speed (USD Billion), 2018-2023
9. Global Airport Moving Walkway System Market Forecast: Breakup by Speed (USD Billion), 2024-2032
10. Global Airport Moving Walkway System Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Airport Moving Walkway System Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Airport Moving Walkway System Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Airport Moving Walkway System Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Airport Moving Walkway System Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Airport Moving Walkway System Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Airport Moving Walkway System Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Airport Moving Walkway System Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Airport Moving Walkway System Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Airport Moving Walkway System Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Airport Moving Walkway System Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Airport Moving Walkway System Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Airport Moving Walkway System Market Structure
In 2021, the global airport moving walkway system market attained a value of nearly USD 2.27 billion.
The market is projected to grow at a CAGR of 4.70% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3.01 billion by 2027.
The major drivers of the market include the rising air passenger count, growing investments by the government in airport expansion projects, rising disposable incomes, and the rapidly expanding tourism industry.
The rapid globalisation is the key industry trend propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major market divisions, based on business type, include new installation, modernisation, and maintenance.
The significant market segments, on the basis of system type, include belt and pallet.
The different market divisions, based on angle, include horizontal and inclined.
The major market segments, on the basis of speed, include constant moving walkways (CMW) and accelerating moving walkways (AMW).
The major players in the industry are FUJITEC CO., LTD., Hitachi, Ltd., HyundaiElevator Co.,Ltd., KONE Corporation, Schindler Elevator Corporation, TK Elevator GmbH, Toshiba Elevator and Building Systems Corporation, and others.
The global airport moving walkway system market attained a value of USD 2.27 billion in 2021, driven by the rising air passenger traffic. Aided by the rapid globalisation, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.70%. The market is projected to reach USD 3.01 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By business type, the market can be segmented into new installation, modernisation, and maintenance. Based on system type, the industry can be segregated into belt and pallet. On the basis of angle, the market can be categorised into horizontal and inclined. The industry, based on speed, can be bifurcated into constant moving walkways (CMW) and accelerating moving walkways (AMW). The major regional markets for airport moving walkway system are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include FUJITEC CO., LTD., Hitachi, Ltd., HyundaiElevator Co.,Ltd., KONE Corporation, Schindler Elevator Corporation, TK Elevator GmbH, Toshiba Elevator and Building Systems Corporation, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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