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    Airport Moving Walkways Market Report

    Airport Moving Walkways Market Report
    Report code - SR1095 Delivery - 2 Weeks
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    Airport Moving Walkways Market Size, Share, Trend, Forecast, & Industry Analysis &ndas See more...

    Impact of COVID-19 on Airport Moving Walkways Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Airport Moving Walkways Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Airport Moving Walkways Market is likely to witness a CAGR of 3.5%, 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.  

    Airport Moving Walkways Market – Snapshot

    Growth

    3.5% for the next five years

    Major Type

    Pallet Type

    Major Inclination Angle

    Horizontal

    Region with the highest demand

    Asia Pacific

    Key Players

    Kone Corporation, Otis Elevator Company, Schindler Group, Thyssenkrupp AG, Hit, Hyundai Elevator Company, Mitsubishi Electric, Hitachi etc.

    Segments' Analysis

    Airport-Moving-Walkways-Market-Forecast

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    Airport Moving Walkways Market Share: 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.

    Airport Moving Walkways Market Share: By Inclination Angle Type

    Based on the inclination angle type, the market is segmented as horizontal and inclined. Horizontal inclination angle type is expected to lead the market 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.

    Airport Moving Walkways Market Share: By Region

    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.

    Airport-Moving-Walkways-Market-By-Region

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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 market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Airport Moving Walkways Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The airport moving walkways market is segmented into the following categories.

    Airport Moving Walkways Market Size, Share, & Forecast, by Type:

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

    Airport Moving Walkways Market Size, Share, & Forecast, by Inclination Angle Type:

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

    Airport Moving Walkways Market Size, Share, & Forecast, 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)

    Airport Moving Walkways Market Size, Share, & Forecast, 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)

    Airport-Moving-Walkways-Market-Segmentation

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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 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 [email protected].

    Frequently Asked Questions (FAQs)

    The airport moving walkways market is expected to witness an impressive growth of 3.5% CAGR in the foreseeable future.

    Kone Corporation, Otis Elevator Company, Schindler Group, Thyssenkrupp AG, Hit, Hyundai Elevator Company, Mitsubishi Electric, Hitachi etc. are among the key players in the airport moving walkways market.

    Asia-pacific is expected to account for the largest share of more than 40% in the airport moving walkways market during the forecast period.

    Pallet type airport moving walkways are expected to register the largest share of more than 80% during the forecast period.

    Horizontal inclination angle type is expected to lead the airport moving walkways market in the coming years.

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