Airport Moving Walkways Market: Industry Potential, Regional Trends & Forecast 2021 – 2026
The airport moving walkways market is set to grow from its current market value of more than USD 2.19 billion to over USD 2.76 billion. Horizontal travellators are experiencing large scale deployment in airports due to growing demand for transferring people from one place to another at the facilities, particularly along the same plane. These travellators are forecast to account for substantial share of airport moving walkways business over the projected timeframe.
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Pallet type airport moving walkways are forecast to exceed USD 2.3 billion in value by 2026 on account of increasing product usage as a transportation medium at airports. Unlike belt-type moving walkaways, pallet walkways don’t require whole systems to be replaced in case of pallet breakage. Growing demand for reducing passenger travel time between flights and terminals is fueling the product demand.
Expanding air passenger base coupled with growing focus on traveler convenience and comfort are influencing airport moving walkways market trends worldwide. Airport moving walkways or travellators are widely deployed across airports to minimize passenger congestion. Ongoing airport construction and expansion activities across the globe are likely to fuel the demand for the equipment in the coming years.
Accelerating airport moving walkways market share will exhibit growth rate of around 3.5% through 2026 owing to excellent speed of the equipment as compared to constant autowalks. Accelerating moving walkways aid in offering quicker passenger transfer time at terminals in airports. They also enable allows huge amount of flexibility during transit at travellators
The flourishing tourism sector had positively impacted airport moving walkways landscape. However, the COVID-19 outbreak has hugely impacted the tourism and hospitality businesses across the globe. The pandemic has led to chaos and deaths on a large scale. Dipping economies of the nations because of the pandemic may restrict investments in airport developments, which may hamper airport moving walkaway industry in the recent future.
In 2016, Europe had reported more than 80 million tourists and the trend may trace an upward graph in the future, post any existing global crisis. The regional government has invested heavily to construct new airports as well as for the expansion of existing airports. Europe airport moving walkaways market size could showcase moderate growth due to rise in number of foreign tourists and notable air passenger traffic in the region.
Some Asia Pacific countries including Japan, China, Vietnam and India are expected to robustly invest for the development, expansion and refurbishment of airports by 2022. For instance, ACV (Airports Corporation of Vietnam) is planning to invest approximately USD 14.7 billion for the construction of news runways and passenger terminal in the coming years.
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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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