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

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Industrial-Machinery | Format: Report available in PDF / Excel Format

View Details Buy Now 2890 Download Sample Ask for Discount Request Customization

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

Imagine walking through a busy airport, rushing to your gate. Suddenly, you spot a moving walkway that whisks you swiftly and effortlessly towards your destination. This is the world of moving walkways, a transportation marvel that has become indispensable in modern society. In 2023, the moving walkway industry was valued at a whopping USD 4.06 billion. And get this, it's predicted to grow even bigger, with a projected CAGR (that's short for average yearly growth rate) of 4.8% from 2024 to 2032. Why? Because these walkways are in high demand in both commercial and infrastructure settings. Think of them as escalators with a twist. Instead of taking you up or down, they transport you over vast distances. You'll often find them in airports, train stations, and massive buildings, making it a breeze for people to cover long stretches. There are even specialized heavy-duty moving walkways designed to handle the heavy foot traffic in airports and sprawling shopping malls. These guys are built to last and don't require much attention. The best part? They're playing a crucial role in the development of infrastructure projects in developing countries. With governments investing heavily in transit hubs, shopping centers, and commercial buildings, the demand for moving walkways is only going to soar.

To get key market trends

  Download Free Sample

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
 

Moving Walkways Market Report Attributes
Report Attribute Details
Base Year 2023
Moving Walkways Market Size in 2023 USD 4.06 Billion
Forecast Period 2024-2032
Forecast Period 2024-2032 CAGR 4.8%
2032 Value Projection USD 6.16 Billion
Historical Data for 2021-2023
No. of Pages 340
Tables, Charts & Figures 541
Segments covered Product Type, Type, Installation, Speed, Application, Distribution Channel, Region
Growth Drivers
  • Rising urbanization and Infrastructure Development
  • Technological advancements in automation
Pitfalls & Challenges
  • High initial investment costs
  • Complex maintenance requirements

What are the growth opportunities in this market?

 Download Free Sample

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

The safety of moving walkways is becoming a top priority, driving a surge in opportunities for manufacturers. New-age moving walkways are packed with safety features, including emergency stop buttons, drive chain safety measures, and speed regulators. Plus, they boast a one-of-a-kind slip-resistant design that keeps passengers steady on their feet. With the growing number of elderly folks in our communities, safety is paramount when designing and installing moving walkways. These concerns have significantly impacted the way these walkways are built, produced, and developed.

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

Learn more about the key segments shaping this market

 Download Free Sample

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.

Learn more about the key segments shaping this market

 Download Free Sample

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.

Looking for region specific data?

 Download Free Sample

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

Imagine you're walking through a busy airport or shopping mall. Have you noticed those moving walkways that make it effortless to get from one place to another? Well, behind those walkways is a whole industry, and it's dominated by some pretty big names. Companies like Hitachi, KONE, Mitsubishi, Schindler, and TK Elevator control a whopping 25-30% of the market. That means they're fiercely competing to outdo each other in every way imaginable. These companies are constantly trying to one-up each other with the latest and greatest technology. They're always looking for ways to make their walkways more efficient, quieter, safer, and more comfortable to use. Of course, it's not just about the bells and whistles. These companies also focus on making their walkways durable and reliable. They want their customers to know that they can count on their products to last for years to come, with minimal maintenance. By staying ahead of the curve in terms of innovation and quality, these companies have built strong reputations for themselves. They've become known for producing moving walkways that meet all the required safety standards and exceed the expectations of their customers.

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

Click here to Buy Section of this Report

 

 

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

 

Related Reports

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

List Tables Figures

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

FAQ'S

For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:

sales@marketinsightsresearch.com

Within 24 to 48 hrs.

You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email

You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.

Discounts are available.

Hard Copy

Email