The global airport moving walkway system market is poised for significant growth, driven by the increasing demand for efficient passenger movement and enhanced airport operations. In 2024, the market reached a valuation of USD 2.6 billion and is projected to expand to USD 3.7 billion by 2033, exhibiting a CAGR of 3.98% during the forecast period. Key factors propelling this growth include the emphasis on passenger convenience, sustainability initiatives, and the integration of advanced technologies to optimize infrastructure utilization.
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019–2024
- Forecast Years: 2025–2033
Airport Moving Walkway System Market Key Takeaways
- Market Size & Growth: Valued at USD 2.6 billion in 2024, the market is anticipated to reach USD 3.7 billion by 2033, growing at a CAGR of 3.98%.
- Dominant Region: Asia Pacific leads the market, attributed to rapid airport infrastructure development and increasing air travel demand.
- Business Type Segmentation: New installations hold the majority share, reflecting ongoing airport expansion projects worldwide.
- Type Preference: Pallet-type moving walkways are preferred over belt types due to their durability and efficiency.
- Technological Advancements: Integration of AI-driven maintenance and energy-efficient designs enhances system reliability and passenger experience.
- Speed Variants: Accelerating moving walkways (AMW) are gaining traction for their ability to handle high passenger volumes efficiently.
- Angle Configuration: Horizontal walkways dominate, but inclined variants are increasingly used in multi-level terminal designs.
Market Growth Factors
1. Benefits for Elderly and Mobility-Impaired Travelers
Airports all over the world are really focusing on making passenger comfort and efficiency a top priority. That’s why we’re seeing a surge in the installation of moving walkways. These handy systems help shorten walking distances, making it much easier to navigate the airport and ultimately enhancing traveller satisfaction. With the growing number of air travellers, particularly among the elderly and those with mobility challenges, it’s clear that there’s a strong demand for this type of infrastructure. By cutting down on transit times and reducing physical strain, moving walkways are essential for creating a seamless airport experience.
2. Energy-Efficient Technologies in Moving Walkways
Airports are feeling the heat when it comes to environmental concerns and regulations, pushing them to adopt more sustainable practices. Today’s moving walkway systems are built with energy-efficient technologies that help minimize carbon emissions and cut down on operational costs. With features such as regenerative drives and smart energy management systems, these innovations not only aid in global sustainability efforts but also make for smart investments for airport authorities that are environmentally conscious.
3. Technological Transformation in Airport Moving Walkways
The airport moving walkway market is experiencing a significant shift, driven by innovative technologies such as the Internet of Things (IoT), artificial intelligence (AI), and predictive analytics. These advancements enable real-time monitoring, proactive maintenance, and enhanced safety features. With these smart systems in place, we can foresee potential failures, schedule maintenance more efficiently, and adjust to passenger flow, all of which increases reliability and reduces downtime.
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Market Segmentation
By Business Type
- New Installation: Involves the deployment of moving walkway systems in newly constructed airport terminals to enhance passenger flow and convenience.
- Modernization: Focuses on upgrading existing systems with advanced technologies to improve efficiency and compliance with current standards.
- Maintenance: Encompasses regular servicing and repairs to ensure optimal performance and longevity of moving walkway systems.
By Type
- Belt Type: Features a continuous belt surface, suitable for transporting passengers over short to medium distances within terminals.
- Pallet Type: Comprises interlocking pallets, offering a robust and stable platform ideal for high-traffic areas and longer distances.
By Angle
- Horizontal: Designed for flat surfaces, facilitating movement across expansive terminal areas.
- Inclined: Engineered to connect different elevation levels within airports, such as between concourses and boarding gates.
By Speed
- Constant Moving Walkways (CMW): Operate at a uniform speed, ensuring consistent passenger movement and safety.
- Accelerating Moving Walkways (AMW): Feature variable speeds, starting slow and accelerating, to efficiently manage high passenger volumes.
By Region
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Regional Insights
Asia Pacific is emerging as the top player in the airport moving walkway system market, fueled by swift urban growth, a rise in air travel, and hefty investments in airport infrastructure. China and India are leading the charge, embarking on extensive airport expansion initiatives to keep up with the growing passenger numbers.
Recent Developments & News
The airport moving walkway system market is really evolving, with major players putting a spotlight on tech innovations and forming strategic partnerships. Take Mitsubishi Electric Corporation, for example; their recent acquisition of Sweden's Motum AB is all about boosting their service capabilities in Europe. On a similar note, Schindler's partnership with CitizenM hotels highlights the global push to modernize vertical mobility solutions.
Key Players
Analogue Holdings Limited (ATAL Engineering Limited), Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., KONE Corporation, Mitsubishi Electric Corporation, Otis Worldwide Corporation, Schindler Group, Stannah Lifts Holdings Ltd, ThyssenKrupp AG., etc
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