According to the report by Expert Market Research (EMR), the global airport moving walkway system market is projected to grow at a CAGR of 4.80% between 2024 and 2032. Aided by the growing demand for efficient passenger handling systems and the increasing emphasis on enhancing airport infrastructure, the market is expected to grow significantly by 2032.
Airport moving walkway systems have become an integral part of modern airport infrastructure, facilitating smooth and efficient passenger movement across terminals. These systems provide a quick, convenient, and efficient way for passengers to traverse long distances within airports, enhancing overall passenger experience and operational efficiency.
The booming global air travel industry has been instrumental in driving the airport moving walkway system market growth. With an increasing number of air passengers globally, airports are under pressure to enhance their infrastructure and services to accommodate the rising traffic. Moving walkway systems play a crucial role in this regard, offering a seamless and efficient solution for passenger movement.
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Moreover, the rising trend of airport modernization and expansion projects across the world is significantly contributing to the market growth. Governments and airport authorities are increasingly investing in upgrading existing airport facilities and constructing new ones, which includes the installation of advanced moving walkway systems. This trend is expected to continue, further boosting the market growth.
Another substantial driver that adds value to the airport moving walkway system market size is the continuous innovation in walkway technologies. Manufacturers are investing heavily in research and development to design advanced, energy-efficient, and user-friendly walkway systems. These innovations not only enhance passenger convenience but also align with the growing focus on sustainable and green airport infrastructure.
As per the airport moving walkway system market analysis, the growing focus on enhancing passenger convenience and experience is also providing significant thrust to the market. Moving walkways offer a comfortable and efficient solution for passengers, particularly those with reduced mobility, thereby enhancing the overall passenger experience. This focus on passenger convenience is expected to drive the market growth further.
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Market Segmentation
The market can be divided based on type, angle, speed, and region.
Market Breakup by Type
- Belt Type
- Pallet Type
Market Breakup by Angle
- Horizontal
- Inclined
Market Breakup by Speed
- Constant Speed
- Variable Speed
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global airport moving walkway system market. Some of the major players explored in the report by Expert Market Research are as follows:
- Otis Elevator Company
- Schindler Group
- KONE Corporation
- Thyssenkrupp AG
- Mitsubishi Electric Corporation
- Fujitec Co., Ltd.
- Hyundai Elevator Co., Ltd.
- Stannah Lifts Holdings Ltd
- Toshiba Corporation
- Hitachi, Ltd.
- Others.
Key Market Drivers
Increasing Air Passenger Traffic
The global air travel industry has witnessed significant growth over the past decade, leading to a surge in passenger traffic at airports. This increase in passenger traffic necessitates efficient passenger handling systems to ensure smooth and convenient movement across airport terminals. Airport moving walkway systems play a crucial role in managing passenger flow, reducing congestion, and enhancing the overall travel experience, thereby driving market growth.
Airport Modernization and Expansion Projects
Governments and airport authorities worldwide are increasingly investing in the modernization and expansion of airport infrastructure to accommodate the rising number of air passengers. This includes the installation of advanced moving walkway systems that facilitate efficient passenger movement. The growing number of airport modernization and expansion projects is expected to significantly contribute to the market growth.
Technological Advancements
Continuous advancements in walkway technologies are driving the airport moving walkway system market. Manufacturers are focusing on developing innovative, energy-efficient, and user-friendly walkway systems to meet the evolving needs of airports and passengers. These technological advancements enhance passenger convenience and align with the growing focus on sustainable airport infrastructure, further propelling market growth.
Market Challenges
High Installation and Maintenance Costs
One of the major challenges faced by the airport moving walkway system market is the high installation and maintenance costs associated with these systems. The initial investment required for the installation of advanced moving walkway systems can be substantial, and regular maintenance is necessary to ensure their efficient operation. These costs can pose a significant challenge, particularly for smaller airports with limited budgets.
Regulatory Compliance
Compliance with stringent regulatory standards is another challenge faced by the market. Airport moving walkway systems must adhere to various safety and operational regulations, which can vary across different regions. Ensuring compliance with these regulations can be complex and may impact the overall market dynamics.
Future Market Trends
Focus on Sustainable Solutions
The growing emphasis on sustainability and green airport infrastructure is expected to drive the development of energy-efficient and eco-friendly moving walkway systems. Manufacturers are likely to focus on designing systems that minimize energy consumption and reduce the environmental impact, aligning with the global trend towards sustainability.
Increased Investment in Emerging Markets
Emerging markets, particularly in Asia Pacific and Latin America, are witnessing significant growth in air travel and airport infrastructure development. Increased investment in these regions is expected to create substantial opportunities for the airport moving walkway system market. The expanding air travel industry and the growing focus on enhancing airport infrastructure in emerging markets are likely to drive market growth.
The global airport moving walkway system market is poised for substantial growth over the forecast period, driven by the increasing air passenger traffic, airport modernization and expansion projects, and continuous technological advancements. While high installation and maintenance costs and regulatory compliance pose challenges, the market is expected to overcome these hurdles through innovative and sustainable solutions.
As the air travel industry continues to grow and airports invest in enhancing their infrastructure, the demand for efficient passenger handling systems, including moving walkway systems, is expected to rise. By focusing on technological advancements and sustainability, the airport moving walkway system market can ensure long-term growth and relevance in the global transportation infrastructure industry.
