Airport Moving Walkways Market Size By Type (Belt Type, Pallet Type), By Inclination Angle (Horizontal, Inclined), By Speed (Constant Moving Walkways, Accelerating Moving Walkways), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Published Date: Feb 2020  |  Report ID: GMI4566  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 139   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Airport Moving Walkways Market size surpassed USD 2 billion in 2019 and is estimated to exhibit growth of over 3% from 2019 to 2026. Globalization and increasing travel & tourism demand across the world will propel the market growth.
 

Airport Moving Walkways Market

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Airport moving walkways (MW) also known as travelators are trending in commercial places such as airports, supermarkets & hypermarkets, train stations, etc. owing to its key advantages of time saving. These products have been made functional in the airports before 1950’s and are still gaining prominence in many public places across the world. Moving walkways are composed of slow-moving conveyor system that transport people over horizontal or inclined plane over shorter distance and assist people in reaching at desired location at airports.
 

Airport Moving Walkways Market Report Coverage
Report Coverage Details
Base Year:2019
Market Size in 2019:2.19 Billion (USD)
Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:3.4%
2026 Value Projection:2.76 Billion (USD)
Historical Data for:2016 to 2019
No. of Pages:139
Tables, Charts & Figures:146
Segments covered:Type, Inclination Angle, Speed, Region
Growth Drivers:
  • Escalating passenger traffic at airports
  • Swelling product demand in the Middle East &Africa
  • Increasing investment for airport construction & improvement
Pitfalls & Challenges:
  • High capital & maintenance cost

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Rise in air passenger traffic driving popularity of travelators at airports

Increasing air passenger demand due to growing need for travel and tourism as well as globalization trends will propel the airport moving walkways market growth. Globally air passenger traffic has been estimated to reach at 8.2 billion people by 2037, which is almost double than that of 2017. This will create need for better infrastructure and transportation in near future, which will further develop the market.
 

Another key growth enabling factor is increasing focus towards airport improvement and expansion projects across major countries. Global airport investment is likely to reach at more than USD 45 billion by 2022, which includes both new airport construction and terminal expansion projects.
 

For instance, Manchester Airport, which is UK’s third largest business airport has planned to expand its terminal 2 by investing USD 1.3 billion in 2019. Such trends will provide key opportunity to the travelator manufacturers in the coming years.
 

Although autowalks are gaining popularity in major airports across the world, the challenges associated with their higher set up and maintenance cost will slow down the market. High cost of components such as truss, handrail, tracks, safety devices, step chain, braking system, etc. increases the purchasing cost of the airport owners significantly.
 

These products also require considerable periodic maintenance in order to ensure reliable functioning of the system. However, growing product usage at airports in order to manage the passenger traffic effectively will stipulate airport moving walkways industry demand.
 

Long lasting nature and reliable operation of pallet type MW will increase the segment popularity

Pallet type airport moving walkways will account for more than 80% market share throughout the forecast period. The key properties of high durability as well as robust nature is propelling the product demand at the airports. Pallet type travelators consist of series of metal plates connected to each other to form a continuous walkway and are basically flat elevators.
 

Growing need for effortless commute between terminals will drive sales of horizontal airport moving walkways market

Global Horizontal Airport Moving Walkways Market

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Horizontal MWs will be expanding at a CAGR of 3.5% till 2026 due to its growing usage at the airports for transporting people between two terminals or concourses. This type of product possesses an inclination angle ranging between 0º to 6º. Growing passenger traffic at airport terminals will further drive the need for these products.
 

Shorter travel time of AMW will be trending in future

Accelerating airport moving walkways (AMW) have found huge prominence at airports owing to its ease of operation than that of constant MW. These walkways possess mix of acceleration and deceleration stages, which offers great flexibility to passengers at the starting and ending point of the autowalks. Further, these product moves at slightly higher speed than the conventional products which significantly reduces the time of passengers at the airport terminals.
 

Focus toward building new airports in Asia Pacific will stipulate product sales

Global Moving Walkways For Airports Market By Region

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Asia Pacific will account for more than 40% of the global airport moving walkways market share through 2026 due to increasing focus towards building new airports and airport improvement projects across the region.
 

Major countries including China, India, Japan, etc. have reported an increase in the number of air travel passengers over the past few years. These trends are propelling the demand for new airports in the Asia Pacific, which will further drive the market revenue.
 

Growing airport expansion & improvement projects creating vital opportunity for industry players

Key participants in the airport moving walkways market includes, Kone Corporation, Otis Elevator Company, Schindler Group, Thyssenkrupp AG, Hitachi, Hyundai Elevator Company, Mitsubishi Electric, etc.
 

These players use different strategies including acquisitions, expansion, product development, etc. to remain competitive in the market. Furthermore, the industry is at nascent stage and is dominated by very few players owing to high operational and production cost involved.
 

Major companies have also received airport expansion and improvement contracts from various airports across the world in the past, which will further drive the market demand in near future. For instance, Schindler completed an installation of 62 moving walkways at Daxing International Airports (China) in 2019, which will further lessen the passenger travel time in near future.
 

Market by Type

  • Belt type
  • Pallet type

Market by Inclination Angle

  • Horizontal
  • Inclined

Market by Speed

  • Constant moving walkways (CMW)
  • Accelerating moving walkways (AMW)

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Turkey
       

Frequently Asked Questions (FAQ) :

The market size of airport moving walkways was surpassed USD 2 billion in 2019.
The industry share of airport moving walkways is estimated to exhibit growth of over 3% from 2019 to 2026.
Asia Pacific will account for more than 40% of the global market share through 2026 due to increasing focus towards building new airports and airport improvement projects across the region.
Horizontal MWs will be expanding at a CAGR of 3.5% till 2026 due to its growing usage at the airports for transporting people between two terminals or concourses.
Key industry participants include Kone Corporation, Otis Elevator Company, Schindler Group, Thyssenkrupp AG, Hitachi, Hyundai Elevator Company, Mitsubishi Electric, etc.

Premium Report Details

  • Published Date: Feb 2020
  • Pages: 139
  • Tables: 125
  • Charts / Figures: 21
  • Companies covered: 10
  • Countries covered: 20

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