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The global airport moving walkway system market reached a value of about USD 2.49 billion in 2023. The market is further expected to grow at a CAGR of 4.80% in the forecast period of 2024-2032 to reach a value of approximately USD 3.79 billion by 2032.
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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:
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| Breakup by Business Type |
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| Breakup by System Type |
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| Breakup by Angle |
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| Breakup by Speed |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*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.*
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In 2023, the global airport moving walkway system market attained a value of nearly USD 2.49 billion.
The market is projected to grow at a CAGR of 4.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3.79 billion by 2032.
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.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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