Airport Moving Walkways Market: Competitive Insights, Regional Trends And Forecast To 2026
The airport moving walkways market demand to cross USD 2.76 Bn by 2026. Although the coronavirus outbreak will hamper the tourism sector in the region significantly, foreign visits can be expected to rise as the global pandemic slowly subsides. The governments have heavily invested towards the construction of new airports and the expansion of existing ones to meet the demands of the growing air traffic and providing a major opportunity to the product manufacturers over the years.
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There has been an exponential rise in air passenger traffic over the years owing to the ability of the consumers to travel within the nation or across borders for education, business, leisure, and medical purposes. Due to the increase in the number of passengers, the governments along with certain private enterprises have invested in the construction of new airports and airport revamp projects.
Growing demand to transfer people from one place to another at airports along the same plane has driven the adoption of horizontal travelators across airports worldwide. Accelerating moving walkways have gained traction due to theii benefit of higher speed as compared to constant autowalks. The product helps in achieving shorter passenger transfer time at airport terminals and facilitates a huge amount of flexibility during transit.
Airport moving walkways market is expected to record noteworthy growth on account of steady rise in number of air travelers and thriving growth in the global tourism sector. A substantial increase in air travelers has induced several countries to heavily invest in new airport improvement projects and construction activities. In fact, prominent countries like Japan, China, and India, have devised plans to allocate a substantial amount of budget for developing their airport infrastructure by 2022.
Pallet type airport moving walkways have witnessed considerable adoption due to the product’s use as a key transportation solution at airports. Unlike belt-type walkways, pallet type does not require the whole system to be replaced in case of a pallet breaking. Additionally, the rising need to reduce passenger travel time across terminals at the airports has furthermore supplemented the demand for the product.
Europe airport moving walkways market can emerge as a profitable revenue source due to the high foreign tourist traffic along with the increasing air traffic in the region. In the year 2016, Europe witnessed more than 80 million tourists.
Some of the prominent airport moving walkway companies include Hitachi, Schindler Group, Otis Elevator, and Kone Corporation among various others. The industry players are constantly working towards carrying out innovations in the product to meet the changing customer needs.
Finnish engineering co. – KONE InnoTrack is a novel autowalk solution that does not require a pit. It allows adjustable length, easy installation in any type of infrastructure as well as a wide customization option.
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Some Point from Table of Contents:
Chapter 5 Airport Moving Walkways Market, By Inclination Angle
5.1 Global airport moving walkways market inclination angle insights
5.2 Horizontal
5.2.1 Market estimates and forecast, 2016 - 2026
5.2.2 Market estimates and forecast, by region, 2016 - 2026
5.3 Inclined
5.3.1 Market estimates and forecast, 2016 - 2026
5.3.2 Market estimates and forecast, by region, 2016 - 2026
Chapter 6 Airport Moving Walkways Market, By Speed
6.1 Global airport moving walkways market speed insights
6.2 Constant moving walkways (CMW)
6.2.1 Market estimates and forecast, 2016 - 2026
6.2.2 Market estimates and forecast, by region, 2016 - 2026
6.3 Accelerating moving walkways (AMW)
6.3.1 Market estimates and forecast, 2016 - 2026
6.3.2 Market estimates and forecast, by region, 2016 - 2026
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