Moving Walkways Market Size - By Product Type (Pallet Type and Belt Type), By Type (Horizontal moving walkway and Inclined moving walkway), By Installation, By Speed, By Application, By Distribution Channel & Forecast, 2024 – 2032

Moving Walkways Market Size - By Product Type (Pallet Type and Belt Type), By Type (Horizontal moving walkway and Inclined moving walkway), By Installation, By Speed, By Application, By Distribution Channel & Forecast, 2024 – 2032

Moving Walkways Market Size

Moving Walkways Market was valued at around USD 4.06 billion in 2023 and is anticipated to register a CAGR of 4.8% between 2024 to 2032, due to the rising demand across the commercial and infrastructure sector. They function similarly to escalators; however, they move passengers over larger distances at a slower speed. Moving walkways are often used in airports, train stations, and large structures to let passengers travel vast distances more effectively. Additionally, heavy-duty moving walkways are ideal for airports and huge retail malls, as they can withstand high levels of foot traffic. These walkways are durable and require little maintenance. The emerging nations are strongly investing in infrastructure projects such as transit hubs, shopping malls, and commercial properties.

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The global development of airports and air travel has increased the need for moving walkways within terminals to assist effective passenger mobility. Furthermore, airport expansions and restorations
 

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frequently include enhancements to moving systems to meet increased passenger volume. Additionally, advancement in overall moving walk technology is boosting the demand for smart moving walkways. Manufacturers are continually working to enhance the efficiency, safety, and dependability of moving walkways. This includes advancements like advanced sensors, predictive maintenance networks, and advanced microcomputer control system technology designs, which enable the sidewalk to run at a slower speed or halt when there are no passengers, which significantly reduced energy consumption.

Moving walkway installation and maintenance require large upfront investment expenses, which may discourage some potential customers, particularly in places with tight budgets or unpredictable economic situations. Additionally, moving walkways require frequent maintenance to maintain their safety and dependability. If complex mechanisms and components are not effectively handled, they can raise maintenance costs and cause downtime. Furthermore, safety is a major concern with moving walkways since accidents or malfunctions can result in injuries or legal difficulties for operators and manufacturers. Ensuring compliance with safety regulations and implementing stringent inspection methods is critical, but it may be time-consuming.  

Moving Walkways Market Trends

Development of moving walkway with high safety feature is the primary trend creating lucrative opportunities for the moving walkway market players. For instance, latest moving walkways are equipped with many safety devices such as emergency stop button, drive chain safety device, speed governor, and more. Also, its unique slip-resistant notched design can prevent the passengers from slipping on the pallet. As a result, with a growing population of senior people in society, safety is the most important factor in the creation and adoption of accelerating pathways. These issues have substantially influenced the design, manufacturing, and development of such moving walkway.

Moreover, AI is transforming the automation industry with predictive maintenance, a proactive approach that identifies potential issues before they become critical problems. By analysing vast amounts of data, AI algorithms can forecast wear and tear and predict when maintenance is needed, reducing downtime, extending moving walkway lifespan, and improving safety.

Moving Walkways Market Analysis

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Based on the product type, the belt type moving walkways segment accounted for revenue of around USD 3.23 billion in 2023 and expected to reach around USD 5 billion by 2032. A belt-type moving walkway is made from a continuous belt that runs along a track; they are typically seen at airports, retail malls, and rail stations. Belt-type moving walkways can also be inclined, or flat and then inclined. In specific situations, these moving walkways may be utilized with shopping carts, with the wheels securely fastened to the moving walkway.  

On the other hand, pallet moving walkways represent passengers on interconnecting pallets. These pallets move in a circular pattern, forming a continuous loop. Sensor technology and safety regulations have advanced, allowing for the inclusion of increasingly complex safety systems. These might incorporate proximity sensors, emergency stop buttons, and better railing designs to increase passenger safety. Manufacturers are focused on manufacturing moving walkways that are simple to maintain and have a longer operating life. This involves adopting long-lasting materials and applying predictive maintenance technology to save downtime.

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Based on application, the airports segment accounted for revenue of around USD 1.75 billion 2023 and expected to reach USD 2.68 billion by 2032. Inclined moving walkways are mostly used in the airports to move people to another floor with the convenience of an elevator. The newly enhanced moving sidewalks were praised as a convenience for exhausted tourists, people who were unable to walk long distances, and travelers with short airline connections.

On the other hand, moving walkways are utilized in shopping malls to improve the shopping experience by making it easier to get from one area to another. They make it easier for consumers to navigate huge retail locations, increasing foot flow and possible purchases. Moving walkways in retail malls are frequently built to match the mall's appearance and branding. They may have customizable finishes, decorative lighting, and transparent glass balustrades to create modern inviting surroundings. Shopping malls demand long-lasting, low maintenance moving walkways. Manufacturers are building sturdy systems with extended operating lifespans and easy-to-service components to reduce downtime.

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North America dominated the global moving walkways market with revenue of around USD 1.36 billion in 2023 and likely to exceed USD 2.04 billion by 2032. North America is rapidly urbanizing, with a major proportion of the population shifting from rural to urban regions. This tendency has resulted in increasing demand for infrastructure development, such as transit hubs, commercial buildings, and retail malls, all of which require moving walkways to facilitate upward mobility.

The North America region has emerged as a significant air travel hub, with an increasing number of airports expanding and upgrading to suit rising passenger volume. Moving walkways play an important role in improving customer experience and operational effectiveness at airports. For instance, in the United States, there are over 5,200 public airports, many of which are undergoing modernization and expansion to meet the increasing demand for air travel. From Houston to Los Angeles, many of the over 5,000 US public airports are now at the center of redevelopment and expansion projects.

As a result, it is anticipated that the rising infrastructure projects and rapid urbanization in countries are boosting the moving walkways demand during the forecast period.

Country Level Analysis

North America In terms of the country, the US dominates with the overall market share of around 79% in the North America moving walkways market. Major metropolitan areas such as New York, Los Angeles, and Chicago are undergoing redevelopment projects, which frequently involve the construction or restoration of transit hubs, retail spaces, and mixed-use complexes. Moving walkways are critical components of these developments, facilitating ease of transit and improving mobility. From Houston to Los Angeles, many of the over 5,000 US public airports are now at the center of redevelopment and expansion projects.

On the other hand, Canada moving walkways market expressing notable growth rate of around 4.8% in 2023. Cities like Toronto, Vancouver, and Montreal are expanding their transportation systems and commercial areas, resulting in increased demand for moving walkways in airports, subway stations, and retail malls.

Europe The Europe moving walkways market was valued at around USD 1,129 Million in 2023 and is anticipated to register a CAGR of 4.5% between 2024 to 2032. Many European nations are experiencing urbanization trends, which lead to the construction of new transportation hubs, commercial complexes, and mixed-use buildings. The European marketplace moving for walkways is distinguished by a blend of technological innovation, sustainability efforts, safety regulations, and a focus on increasing user experience and accessibility in urban areas.

In terms of country, Germany is dominating the Europe moving walkways market in terms of market value of around USD 214 Million during the 2023. Germany, a key European infrastructure center, is investing in revamping its airports and public transportation networks. Moving walkways are critical to improving passenger flow and efficiency. Cities such as Berlin, Munich, and Frankfurt feature significant commercial centers and public areas with moving walkways to promote pedestrian circulation.

On the other hand, the France is experiencing notable growth in moving walkways market and anticipated to grow at 4.9% CAGR during 2024 to 2032. Cities like Paris and Lyon are rapidly adopting moving walkways in their international airports and metro stations. Additionally, infrastructure expansions in France, such as new business hubs and urban regeneration projects, are generating more demand for moving walkways.

Asia Pacific The Asia Pacific Moving Walkways market was valued at around USD 1.03 billion in 2023 and is anticipated to register a CAGR of 5.4% between 2024 to 2032. Asia-Pacific is rapidly urbanizing, with a major proportion of the population shifting from rural to urban regions. This tendency has resulted in increasing demand for infrastructure development, such as transit hubs, commercial buildings, and retail malls, all of which require moving walkways to facilitate upward mobility.  

In terms of country China is dominating the Asia Pacific moving walkways market in terms of market value around USD 331 million in the year 2023 and expected to reach around USD 538 million by 2032. For instance, China made steady progress in its construction of new airports. Throughout 2022, six new freight airports and 29 new general-purpose airports were built on the Chinese mainland, bringing respective totals to 254 and 399 by the end of the year, according to a report from the Civil Aviation Administration of China.  

On the other hand, India is emerging as a fastest growing country for the market in terms of CAGR of 5.9% between 2024 to 2032. For instance, In March 2024, Government of India inaugurated 15 airport projects, including 12 new terminal buildings almost worth USD 1.21 billion.

Moving Walkways Market Share

Key players involve in the moving walkways industry are Hitachi LTD, KONE Corporation, Mitsubishi Electric Corp, Schindler, and TK Elevator accounting market share of 25-30% in 2023. Manufacturers compete intensely in the moving walkway industry, which is influenced by several critical aspects such as market dynamics, innovation, and consumer satisfaction. Manufacturers compete intensely in terms of technical advances. This includes advancements in materials, automation, energy efficiency, and safety features. High-quality production procedures and consistent performance are key competitive advantages. Manufacturers utilize to establish reputations for manufacturing long-lasting, low maintenance moving walkways that meet or exceed safety regulations and customer expectations.

Moving Walkways Market Companies

Major companies operating in the moving walkways industry include

• Dazen Elevator
• Delfar Elevator Co., Ltd.
• Fujitec
• Hitachi LTD
• Hyundai Elevator Company
• Johnson Lifts Private Limited
• KLEEMANN
• KONE Corporation
• Mitsubishi Electric Corp
• Otis Elevator Company
• Schindler
• Sicher Elevator Co., Ltd.,
• Stannah
• TK Elevator
• Toshiba Corporation      

Moving Walkways Industry News

• In May 2024, KONE announced that it has acquired Orbitz Elevators an Australian-based provider of custom-designed elevator and escalator solutions for both commercial and residential properties. Orbitz Elevators Services and Orbitz Elevators New Zealand is specialized in the maintenance and repairs of Elevators, Escalators and Moving Walkways.
• In August 2023, Fujitec opens new manufacturing plant in Chennai India. The second plant was built to grow sales in India, where demand is increasing, and to expand exports throughout South Asia. The plant provided more than double the previous production space for Fujitec in the country.

This moving walkways market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Million) (Units) from 2021 to 2032, for the following segments

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Market, By Product Type

• Pallet Type
• Belt Type

Market, By Type

• Horizontal moving walkway
• Inclined moving walkway     

Market, By Installation

• Indoor
• Outdoor

Market, By Installation

• Constant moving walkway
• Accelerating moving walkway     

Market, By Application

• Airports
• Shopping centers 
• Hotels
• Office buildings
• Public Transit
• Others (Institutional etc.)

Market, By Distribution Channel

• Direct Sales
• Indirect Sales 

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA