Press Release
Press Release
According to a new report by EMR titled, ‘Global Airport Moving Walkway System Market Report and Forecast 2024-2032’, the market attained a value of about USD 2.49 billion in 2023. The industry is further expected to grow at a CAGR of 4.80% in the forecast period of 2024-2032 to reach a value of USD 3.79 billion by 2032.
The rising air passenger traffic, fuelled by the growing consumer interest in travel and tourism activities, and the rapid globalisation are expected to spearhead the market growth of airport moving walkway system. Reportedly, the global air passenger traffic is estimated to reach 8.2 billion by 2037. This trend is further being fuelled by the growing airport construction and expansion projects across the globe. The shorter travel time of airport moving walkways is expected to fuel their demand over the forecast period. Furthermore, the rapid technological advancements and the growing investments by the leading market players in research and development of advanced and energy efficient moving walkways are expected to propel the industry growth in the forecast years.
The growing preference of consumers for air travelling and increased expenditure by the governments in the development of airports across the world are projected to support the market growth in the forecast period. For instance, in March 2019, Schindler Elevator Corporation (OTCMKTS: SHLRF) announced the construction of the longest moving walkway in China with a length of 93 metres at the Daxing International Airport. In addition, the company completed the construction of 62 moving walkways at the airport, which would help reduce the passenger travel time.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global airport moving walkway system market 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 comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.