Market Outlook:
According to a new report by Expert Market Research titled “Global Airport Moving Walkway System Market Size, Share, Analysis, Report, Demand, Forecast 2023-2028″, the airport moving walkway system market achieved a value of approximately USD 2.29 billion in 2021 and is poised for further growth in the forecast period of 2023-2028. With a projected CAGR of 4.80%, the market is expected to reach a value of approximately USD 3.11 billion by 2028, showcasing steady expansion and opportunities within the industry.
An airport moving walkway system is a type of conveyor belt system that is used to transport passengers and luggage within an airport terminal. Moving walkway systems are used to help passengers move more quickly and easily through the airport, and they can also help to reduce congestion.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/airport-moving-walkway-system-market/requestsample
Market Segmentation
The global airport moving walkway system market is segmented by type, angle, speed, business type, and region.
By type, the market is segmented into:
- Straight
- Inclined
By angle, the market is segmented into:
- 0-30 degrees
- 30-60 degrees
- 60-90 degrees
By speed, the market is segmented into:
- Slow (0.5-1.0 m/s)
- Medium (1.0-1.5 m/s)
- Fast (1.5-2.0 m/s)
By business type, the market is segmented into:
- New installation
- Modernization
- Maintenance
By region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/airport-moving-walkway-system-market
Market Drivers
The increasing air traffic around the world is one of the major drivers of the airport moving walkway system market. The rising number of passengers traveling by air is leading to increased demand for airport infrastructure, including moving walkway systems.
The rising demand for comfort and convenience is another major driver of the market. Moving walkway systems offer a more comfortable and convenient way for passengers to travel through airports, and they can also help to reduce congestion.
The growing focus on airport automation is also driving the market. Moving walkway systems can be integrated with other airport automation systems, such as baggage handling systems, to improve the efficiency of airport operations.
Market Trends
The increasing adoption of new technologies, such as smart sensors and artificial intelligence, is a major trend in the airport moving walkway system market. These new technologies are being used to improve the efficiency and safety of moving walkway systems.
Another major trend in the market is the growing demand for sustainable moving walkway systems. Moving walkway systems that use renewable energy sources, such as solar and wind power, are becoming increasingly popular.
Market Challenges
The high cost of moving walkway systems is one of the major challenges in the market. Moving walkway systems are a capital-intensive investment, and this can limit their adoption by smaller airports.
Another major challenge in the market is the limited availability of skilled workers. The installation and maintenance of moving walkway systems requires specialized skills, and this can make it difficult to find qualified workers.
Market Opportunities
The growing demand for airport expansion and modernization is a major opportunity in the market. Moving walkway systems are a key component of airport expansion and modernization projects, and this is expected to drive the demand for moving walkway systems in the coming years.
Another major opportunity in the market is the growing demand for sustainable airport infrastructure. Moving walkway systems that use renewable energy sources are becoming increasingly popular, and this is expected to create new opportunities for moving walkway system manufacturers.
Market Players
The major players in the airport moving walkway system market are:
- ThyssenKrupp
- Otis Elevator
- Kone
- Schindler
- Mitsubishi Electric
- Fujitec
- Hitachi
- Johnson Controls
- Automated People Mover
- CEMCO
These companies are developing new moving walkway system products and services to meet the growing demand for moving walkway systems in the global airport market.
FAQs:
Q: What is the current size of the airport moving walkway system market?
A: The current size of the airport moving walkway system market is estimated to be around USD 2.29 billion.
Q: What is the projected growth rate of the airport moving walkway system market for the period 2023-2028?
A: The airport moving walkway system market is expected to grow at a CAGR of 4.8% during the forecast period of 2023-2028.
Q: What factors are driving the growth of the airport moving walkway system market?
A: The growth of the airport moving walkway system market is driven by factors such as increasing air passenger traffic, the need for efficient and convenient passenger movement within airports, and the emphasis on enhancing the overall passenger experience.
Q: Which region is expected to dominate the airport moving walkway system market?
A: Asia Pacific is expected to dominate the airport moving walkway system market due to the rapid expansion of airport infrastructure in countries like China and India, along with increasing air travel in the region.
Q: What are the key challenges faced by the airport moving walkway system market?
A: Key challenges faced by the airport moving walkway system market include high installation and maintenance costs, regulatory and safety compliance, and the need for advanced technologies to improve energy efficiency.
Q: Which types of airport moving walkway systems are commonly used?
A: The commonly used types of airport moving walkway systems include flat moving walkways, inclined moving walkways, and horizontal moving walkways.
Q: Who are the major players in the airport moving walkway system market?
A: Some of the major players in the airport moving walkway system market include KONE Corporation, Otis Elevator Company, Schindler Holding Ltd., Mitsubishi Electric Corporation, and Thyssenkrupp AG.
Q: What are the safety features incorporated in airport moving walkway systems?
A: Safety features incorporated in airport moving walkway systems include handrails for support, emergency stop buttons, anti-skid surfaces, and sensors for obstacle detection.
Q: How do airport moving walkway systems contribute to the passenger experience?
A: Airport moving walkway systems enhance the passenger experience by providing a convenient and time-saving mode of transportation within airports, especially for passengers with heavy luggage or those with mobility challenges.
Q: What are the future prospects for the airport moving walkway system market?
A: The airport moving walkway system market has promising future prospects with the increasing focus on airport infrastructure development, the need for seamless passenger flow, and the adoption of advanced technologies for energy efficiency and passenger safety. The market is expected to witness the development of smart and connected moving walkway systems in the coming years.
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Media Contact:
Company Name: Claight Corporation
Contact Person: Edward Dugger, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research
