Airport Moving Walkway System Market Share, Size, Growth, Industry Trend and Forecast 2027
The global airport moving walkway system market reached a value of US$ 2.21 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.95 Billion by 2027, exhibiting at a CAGR of 5.0% during 2022-2027.
According to the latest report by IMARC Group, titled “Airport Moving Walkway System Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027,” the market to reach US$ 2.95 Billion by 2027, exhibiting at a CAGR of 5.0% during 2022-2027.
A moving walkway system is a slow-moving conveyor mechanism powered by a motor to transport people across a horizontal or inclined plane. It ensures smooth and easy movement of passengers and luggage across the airport. Nowadays, moving walkways are commonly used in large airports to assist passengers with heavy luggage in the passageways between concourses and the terminal or as an easy access to the parking area.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Airport Moving Walkway System Market Trends:
The global market is primarily driven by significant growth in the travel and tourism industry. Since these moving walkaway systems offer enhanced convenience to the passengers, they are widely being deployed across numerous national and international airports across the globe. Additionally, the increasing air passenger traffic has also impelled the demand for better infrastructure and transportation facilities, thus creating a positive outlook for the market. Moreover, rising investments by numerous public and private agencies and the enhanced focus toward airport expansion activities are facilitating the adoption of moving walkway system across airports.
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Airport Moving Walkway System Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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 and ThyssenKrupp AG.
The report has segmented the market on the basis on region, disc type, material type and end user.
Breakup by Business Type:
- New Installation
Breakup by Type:
- Belt Type
- Pallet Type
Breakup by Angle:
Breakup by Speed:
- Constant Moving Walkways (CMW)
- Accelerating Moving Walkways (AMW)
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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