Airport Moving Walkways Market Report

Market Insights

The global airport moving walkways market is expected to grow from USD 2.59 billion in 2022 to USD 3.18 billion by 2028, at a CAGR of 3.40% during the forecast period.  The market is expected to develop as a result of globalization and increasing travel and tourist demand around the world. Airport moving walkways (MW), also known as travelators are trending in commercial places such as airports, supermarkets & hypermarkets, and train stations due to their key advantages of time saving. Moving walkways are composed of slow-moving conveyor systems that transport people over horizontal or inclined planes over shorter distance and assist people in reaching at desired locations at airports.  

Segments' Analysis

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By Type:

Based on the type, the market is segmented as belt type and pallet type. Pallet type airport moving walkways are expected to register more than 80% market share during the forecast period. High durability coupled with robust nature is propelling the product demand at the airports. Pallet type travelators comprise a series of metal plates connected to each other to form a continuous walkway and are basically flat elevators.

By Inclination Angle Type:

Based on the inclination angle type, the market is segmented as horizontal and inclined. Horizontal inclination angle is expected to lead the market with a CAGR of nearly 3.5% during the forecast period., mainly driven by its increasing use at airports to move passengers between terminals or concourses. An inclination angle of 0º to 6º is found on this type of product. Growing passenger traffic at airport terminals will further boost the need for these products.

Regional Insights:

In terms of regions, Asia-Pacific is estimated to account for more than 40% share of the global airport moving walkways market during the forecast period. The market is driven by increasing focus towards building new airports and airport improvement projects across the region. Major countries including China, India, and Japan have reported a surge in the number of air travel passengers over the past few years. These trends are driving the demand for new airports in the Asia-Pacific region, which is further likely to bolster the market growth over the forecast period.

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Market Scope & Segmentation

Moving walkways are moving surfaces in which an object/person can be moved horizontally/inclinedly from the start to the end of the walkway. They are driven by motors, which are commonly escalator-style drive systems. The steps follow a set of tracks. When riding the moving walkway, there is usually a handrail that moves along with it so that one can grip onto it.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the global market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the global airport moving walkways market.

The global airport moving walkways market is segmented into the following categories:

By Type:

• Belt Type (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pallet Type (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Inclination Angle Type:

• Horizontal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Inclined (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Speed Type:

• Constant Moving Walkways (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Accelerating Moving Walkways (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the global airport moving walkways market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the inclination angle types by speed type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.