Airport Moving Walkway Systems Market By Business Type (New Installation, Maintenance, Modernization), By Type (Belt, Pallet), By Angle (Horizontal, Inclined): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global airport moving walkway systems market was valued at $2,200.8 million in 2021, and is projected to reach $3,406.9 million by 2031, registering a CAGR of 4.4% from 2022 to 2031. Airport moving walkway system is used to move people from one place to another within the airport premises, from parking to the terminals or from lobby to the terminals or from one terminal to another. Horizontal type of moving walkway is used to move along the flat surface, whereas inclined type of moving walkway is used to climb across the different floors. Belt type or pallet type of moving walkways are used depending on the purpose of installation. For instance, pallet type is preferred to carry both luggage and human load at the same time.
Rise in preference for air travel among travelers in the last few years has increased the need to build new airports and expand or renovate the old airports as well. For instance, Airport Company of South Africa in January 2019 announced expansion and modernization of six different airport of South Africa in the next eight years. This is expected to help in the airport moving walkway systems market growth during the forecast period. Moreover, Japan's Kansai International Airport has planned to invest $911 million to upgrade the airport with additional terminal till 2025.
Thus, new constructions, expansions, or renovation of airports are expected to offer remunerative opportunities for the expansion of the airport moving walkway systems market. For instance, in October 2022, Alstom signed five-year contract with Jeddah Airports Company to provide operation and maintenance for King Abdulaziz International Airport Terminal 1. All the existing walkway systems need timely maintenance, thus currently driving the market growth. Furthermore, increase in number of installation and usage of the moving walkway systems on airports boost the growth of the maintenance market during the forecast period.
The airport moving walkway system market is segmented on the basis of business type, type, angle, and region. By business type, the market is divided into new installation, modernization, and maintenance. By type, the market is bifurcated into belt type and pallet type. By angle, the market is fragmented into horizontal and inclined. Region wise, the airport moving walkway systems market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy and rest of Europe), Asia-Pacific (China, Japan, South Korea, India and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
The major players profiled in the airport moving walkway systems market are Analogue Holdings Limited (ATAL Engineering Group), Fujitec Co., Ltd, Toshiba Elevator and Building Systems Corporation, Hitachi, Ltd., Hyundai Elevator Co., Ltd., Kone Corporation, Mitsubishi Electric Corporation, Raytheon Technologies Corporation, Schindler, and Stannah. Major companies in the market have adopted acquisition and product launch as their key developmental strategies to offer better products and services to customers in the airport moving walkway systems market.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the airport moving walkway systems market analysis from 2021 to 2031 to identify the prevailing airport moving walkway systems market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the airport moving walkway systems market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global airport moving walkway systems market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Business Type
New Installation
Maintenance
Modernization
By Type
Belt
Pallet
By Angle
Horizontal
Inclined
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Mitsubishi Electric Corporation
Kone Corporation
Hitachi, Ltd.
Schindler
Raytheon Technologies Corporation
Stannah
Hyundai Elevator Ltd
Toshiba Elevator and Building Systems Corporation
Fujitec Co., Ltd
Analogue Holdings Limited (ATAL Engineering Group)
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