Airport Moving Walkways Market Size

Airport Moving Walkways Market Size

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.

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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.

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.