The Airport Moving Walkways Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Airport Moving Walkways Global Market Report 2024, 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 in the historic period can be attributed to increased passenger traffic and congestion in airports, integration with smart airport technologies, demand for contactless and hygienic travel solutions, urbanization and growth of mega-cities driving airport expansion, government initiatives and funding for 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 growth in the forecast period can be attributed to emphasis on passenger experience and terminal aesthetics, integration with smart airport technologies, demand for contactless and hygienic travel solutions, urbanization and growth of mega-cities driving airport expansion, government initiatives and funding for airport modernization. Major trends in the forecast period include energy-efficient and sustainable designs, technological advancements in moving walkway systems, incorporation of iot and smart connectivity, design customization and aesthetics, integration with airport information systems.
The growing number of air passengers is expected to propel the growth of the airport moving walkways market. In most cases, passengers at the airport carry heavy luggage with them, and they are required to move a distance. In such cases, moving walkways act as passageways between the terminals, within particularly long concourses, or as access to a parking facility. For instance, according to the International Civil Aviation Organization (ICAO), a specialised agency of the United Nations, the global number of airline passengers is expected to reach 10.5 billion by the year 2040. Therefore, the growth in the number of airline passengers is driving the growth of the airport moving walkways market.
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The airport moving walkways market covered in this report is segmented –
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
Partnership and collaboration are key trends gaining popularity in the airport-moving walkway market. The companies operating in the airport moving walkways market are partnering with research companies to improve the operational capabilities and performance of their existing products. For instance, in December 2021, Accessibility Standards Canada (ASC), a federal research organization, collaborated with the Canadian Standards Association (CSA) Group for the purpose of adding CSA B651, a new edition of a national accessibility standard for the built environment. The new edition will include updates on the exterior environment, circulation (including elevators, escalators, and moving walkways), tactile walking surface indicators, interior rooms (including washrooms and kitchens), and emergency egress.
The airport moving walkways market report table of contents includes:
1. Executive Summary
2. Airport Moving Walkways Market Characteristics
3. Airport Moving Walkways Market Trends And Strategies
4. Airport Moving Walkways Market – Macro Economic Scenario
5. Global Airport Moving Walkways Market Size and Growth
………………
31. Global Airport Moving Walkways Market Competitive Benchmarking
32. Global Airport Moving Walkways Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Airport Moving Walkways Market
34. Airport Moving Walkways Market Future Outlook and Potential Analysis
35. Appendix
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