The Global Airport Mobile Walkway Systems Market will be driven by the growing demand for Pallet Type Walkway Systems during the forecast period 2022-2027

Expert Market Research’s new report titled “Global Airport Moving Walk System Market Report and Forecast 2022-2027′, gives an in-depth analysis of the global airport moving walkway system, assessing the market based on its segments such as business type, system type, angle, speed, and main regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2017-2027)

  • Historical market size (2021): 2.27 billion USD
  • Forecast CAGR (2022-2027): 4.70%
  • Forecast market size (2027): USD 3.02 billion

The pallet type section of the airport moving walk system industry accounts for a significant portion based on the type. This is due to the high endurance and robustness of the product, which has led to its increased deployment at airports. Paddle-style conveyor belts are essentially flat elevators made up of a series of metal plates that are connected to form a continuous walkway that allows passengers to easily walk or stand.

Due to the increased emphasis on new airport establishment and airport expansion projects in the region, the Asia-Pacific region is expected to experience substantial growth over the projection period. This can be linked to the growing government investment in infrastructure development in the country. Furthermore, increasing air passenger traffic in major countries in the region such as China, India, and Japan is expected to drive the expansion of the market in the coming years.

Industry definition and major segments

A conveyor belt is a slow conveyor system that transports passengers a short to medium distance on a flat or inclined surface. An automatic walker, moving walkway, moving walkway, mover, or treadmill is another name for it. These lanes are found in high-traffic locations, such as airports, train stations, and metro stations. To facilitate round-trip mobility, these are frequently paired.

By Business Type, the market can be segmented into:

  • New facility
  • Modernization
  • Maintenance

Based on System Type, the market can be split into:

Based on the angle, the industry can be divided into:

The industry, based on speed, can be categorized into:

  • Constant Moving Gateways (CMW)
  • Accelerated Treadmills (AMW)

Regional markets for the product include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • the Middle East and Africa

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Market trends

Rising air passenger traffic due to expanding travel and tourism activities, along with increased globalization, is expected to fuel the growth of the airport moving walkway system industry. Global air passenger traffic is expected to reach 8.2 billion people by 2037, about double what it was in 2017. Another crucial driver of market growth is increased government attention to projects construction and extension of airports in the main countries of the world. With new airport construction and terminal development projects, investment in global airports is expected to exceed $45 billion by 2022.

The shorter travel time offered by airport moving walk systems is expected to drive demand across airport facilities over the projection period. Moreover, since airport accelerated treadmills (AMW) are simpler to manage than constant treadmills, they have attracted a lot of interest which is expected to fuel the expansion of the market in the coming years.

Main market players

The major market players are FUJITEC CO., LTD., Hitachi, Ltd., HyundaiElevator Co., Ltd., KONE Corporation, Schindler Elevator Corporation, TK Elevator GmbH, and Toshiba Elevator and Building Systems Corporation. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.

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