Airport Moving Walkways Market Size By Type (Belt Type, Pallet Type), By Inclination Angle (Horizontal, Inclined), By Speed (Constant Moving Walkways, Accelerating Moving Walkways), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Published on: 2024-07-07 | No of Pages : 240 | Industry : Aerospace
Publisher : MRA | Format : PDF&Excel
Airport Moving Walkways Market Size By Type (Belt Type, Pallet Type), By Inclination Angle (Horizontal, Inclined), By Speed (Constant Moving Walkways, Accelerating Moving Walkways), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Airport Moving Walkways Market Size By Type (Belt Type, Pallet Type), By Inclination Angle (Horizontal, Inclined), By Speed (Constant Moving Walkways, Accelerating Moving Walkways), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Airport Moving Walkways Market Size
Airport Moving Walkways Market size surpassed USD 2 billion in 2019 and is estimated to exhibit growth of over 3% from 2019 to 2026. Globalization and increasing travel & tourism demand across the world will propel the market growth.
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Airport moving walkways (MW) also known as travelators are trending in commercial places such as airports, supermarkets & hypermarkets, train stations, etc. owing to its key advantages of time saving. These products have been made functional in the airports before 1950’s and are still gaining prominence in many public places across the world. Moving walkways are composed of slow-moving conveyor system that transport people over horizontal or inclined plane over shorter distance and assist people in reaching at desired location at airports.
| Report Attribute | Details |
|---|---|
| Base Year | 2019 |
| Airport Moving Walkways Market Size in 2019 | 2.19 Billion (USD) |
| Forecast Period | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR | 3.4% |
| 2026 Value Projection | 2.76 Billion (USD) |
| Historical Data for | 2016 to 2019 |
| No. of Pages | 139 |
| Tables, Charts & Figures | 146 |
| Segments covered | Type, Inclination Angle, Speed, Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Rise in air passenger traffic driving popularity of travelators at airports
Increasing air passenger demand due to growing need for travel and tourism as well as globalization trends will propel the airport moving walkways market growth. Globally air passenger traffic has been estimated to reach at 8.2 billion people by 2037, which is almost double than that of 2017. This will create need for better infrastructure and transportation in near future, which will further develop the market.
Another key growth enabling factor is increasing focus towards airport improvement and expansion projects across major countries. Global airport investment is likely to reach at more than USD 45 billion by 2022, which includes both new airport construction and terminal expansion projects.
For instance, Manchester Airport, which is UK’s third largest business airport has planned to expand its terminal 2 by investing USD 1.3 billion in 2019. Such trends will provide key opportunity to the travelator manufacturers in the coming years.
Although autowalks are gaining popularity in major airports across the world, the challenges associated with their higher set up and maintenance cost will slow down the market. High cost of components such as truss, handrail, tracks, safety devices, step chain, braking system, etc. increases the purchasing cost of the airport owners significantly.
These products also require considerable periodic maintenance in order to ensure reliable functioning of the system. However, growing product usage at airports in order to manage the passenger traffic effectively will stipulate airport moving walkways industry demand.
Airport Moving Walkways Market Analysis
Pallet type airport moving walkways will account for more than 80% market share throughout the forecast period. The key properties of high durability as well as robust nature is propelling the product demand at the airports. Pallet type travelators consist of series of metal plates connected to each other to form a continuous walkway and are basically flat elevators.
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Horizontal MWs will be expanding at a CAGR of 3.5% till 2026 due to its growing usage at the airports for transporting people between two terminals or concourses. This type of product possesses an inclination angle ranging between 0º to 6º. Growing passenger traffic at airport terminals will further drive the need for these products.
Accelerating airport moving walkways (AMW) have found huge prominence at airports owing to its ease of operation than that of constant MW. These walkways possess mix of acceleration and deceleration stages, which offers great flexibility to passengers at the starting and ending point of the autowalks. Further, these product moves at slightly higher speed than the conventional products which significantly reduces the time of passengers at the airport terminals.
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Asia Pacific will account for more than 40% of the global airport moving walkways market share through 2026 due to increasing focus towards building new airports and airport improvement projects across the region.
Major countries including China, India, Japan, etc. have reported an increase in the number of air travel passengers over the past few years. These trends are propelling the demand for new airports in the Asia Pacific, which will further drive the market revenue.
Airport Moving Walkways Market Share
Key participants in the airport moving walkways market includes
- Kone Corporation
- Otis Elevator Company
- Schindler Group
- Thyssenkrupp AG
- Hitachi
- Hyundai Elevator Company
- Mitsubishi Electric
These players use different strategies including acquisitions, expansion, product development, etc. to remain competitive in the market. Furthermore, the industry is at nascent stage and is dominated by very few players owing to high operational and production cost involved.
Major companies have also received airport expansion and improvement contracts from various airports across the world in the past, which will further drive the market demand in near future. For instance, Schindler completed an installation of 62 moving walkways at Daxing International Airports (China) in 2019, which will further lessen the passenger travel time in near future.
Market by Type
- Belt type
- Pallet type
Market by Inclination Angle
- Horizontal
- Inclined
Market by Speed
- Constant moving walkways (CMW)
- Accelerating moving walkways (AMW)
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry Insights and validation
1.1.4 Scope, definitions, & forecast parameters
1.1.4.1 Definitions
1.1.4.2 Forecast parameters & considerations
1.1.5 Data sources
1.1.5.1 Paid sources
1.1.5.2 Primary
1.1.5.3 Secondary
Chapter 2 Executive Summary
2.1 Airport moving walkways industry 360° synopsis, 2016 - 2026
2.1.1 Business trends
2.1.2 Type trends
2.1.3 Product trends
2.1.4 Speed trends
2.1.5 Regional trends
Chapter 3 Airport Moving Walkways Industry Insights
3.1 Industry segmentation
3.2 Industry size, and forecast, 2016 - 2026
3.3 Industry ecosystem analysis
3.3.1 Component analysis
3.3.2 Manufacturing trends
3.3.3 Profit margin
3.3.4 Value addition
3.3.5 Distribution channel analysis
3.3.6 Aftersales service
3.3.7 Vendor matrix
3.4 Innovation & sustainability
3.4.1 Patent analysis
3.4.2 Technology landscape
3.4.3 Future trends
3.5 Industry impact forces
3.5.1 Growth drivers
3.5.2 Industry pitfalls & challenges
3.6 Regulatory landscape
3.6.1 U.S.
3.6.2 Europe
3.7 Industry megatrends
3.8 Installed moving walkways at airports, by region, 2018
3.9 Passengers using airport moving walkways, by region, 2018
3.10 Pricing analysis
3.10.1 Cost structure analysis
3.10.1.2 Manufacturing and Equipment cost
3.10.1.3 Raw Material Cost
3.10.1.4 Distribution Cost
3.10.1.5 Operating Cost
3.10.1.6 Miscellaneous Cost
3.11 Competitive landscape, 2018
3.11.1 Company market share analysis, 2018
3.11.2 Strategic dashboard
3.12 Porter’s analysis
3.12.1 Supplier power
3.12.2 Buyer power
3.12.3 Threat of new entrants
3.12.4 Threat of substitutes
3.12.5 Industry rivalry
3.13 PESTEL analysis
Chapter 4 Airport Moving Walkways Market, By Type
4.1 Global airport moving walkways market type insights
4.2 Belt type
4.2.1 Market estimates and forecast, 2016 - 2026
4.2.2 Market estimates and forecast, by region, 2016 – 2026
4.3 Pallet type
4.3.1 Market estimates and forecast, 2016 - 2026
4.3.2 Market estimates and forecast, by region, 2016 – 2026
Chapter 5 Airport Moving Walkways Market, By Inclination Angle
5.1 Global airport moving walkways market inclination angle insights
5.2 Horizontal
5.2.1 Market estimates and forecast, 2016 - 2026
5.2.2 Market estimates and forecast, by region, 2016 - 2026
5.3 Inclined
5.3.1 Market estimates and forecast, 2016 - 2026
5.3.2 Market estimates and forecast, by region, 2016 - 2026
Chapter 6 Airport Moving Walkways Market, By Speed
6.1 Global airport moving walkways market speed insights
6.2 Constant moving walkways (CMW)
6.2.1 Market estimates and forecast, 2016 - 2026
6.2.2 Market estimates and forecast, by region, 2016 - 2026
6.3 Accelerating moving walkways (AMW)
6.3.1 Market estimates and forecast, 2016 - 2026
6.3.2 Market estimates and forecast, by region, 2016 - 2026
Chapter 7 Airport Moving Walkways Market, By Region
7.1 Global airport moving walkways regional insights
7.2 North America
7.2.1 Market estimates & forecast, 2016-2026
7.2.2 Market estimates & forecast, by type, 2016 - 2026
7.2.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.2.4 Market estimates & forecast, by speed, 2016 - 2026
7.2.5 U.S.
7.2.5.1 Market estimates & forecast, 2016-2026
7.2.5.2 Market estimates & forecast, by type, 2016 - 2026
7.2.5.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.2.5.4 Market estimates & forecast, by speed, 2016 - 2026
7.2.6 Canada
7.2.6.1 Market estimates & forecast, 2016-2026
7.2.6.2 Market estimates & forecast, by type, 2016 - 2026
7.2.6.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.2.6.4 Market estimates & forecast, by speed, 2016 - 2026
7.3 Europe
7.3.1 Market estimates & forecast, 2016-2026
7.3.2 Market estimates & forecast, by type, 2016 - 2026
7.3.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.3.4 Market estimates & forecast, by speed, 2016 - 2026
7.3.5 Germany
7.3.5.1 Market estimates & forecast, 2016-2026
7.3.5.2 Market estimates & forecast, by type, 2016 - 2026
7.3.5.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.3.5.4 Market estimates & forecast, by speed, 2016 - 2026
7.3.6 UK
7.3.6.1 Market estimates & forecast, 2016-2026
7.3.6.2 Market estimates & forecast, by type, 2016 - 2026
7.3.6.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.3.6.4 Market estimates & forecast, by speed, 2016 - 2026
7.3.7 France
7.3.7.1 Market estimates & forecast, 2016-2026
7.3.7.2 Market estimates & forecast, by type, 2016 - 2026
7.3.7.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.3.7.4 Market estimates & forecast, by speed, 2016 - 2026
7.3.8 Spain
7.3.8.1 Market estimates & forecast, 2016-2026
7.3.8.2 Market estimates & forecast, by type, 2016 - 2026
7.3.8.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.3.8.4 Market estimates & forecast, by speed, 2016 - 2026
7.3.9 Italy
7.3.9.1 Market estimates & forecast, 2016-2026
7.3.9.2 Market estimates & forecast, by type, 2016 - 2026
7.3.9.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.3.9.4 Market estimates & forecast, by speed, 2016 - 2026
7.3.10 Russia
7.3.10.1 Market estimates & forecast, 2016-2026
7.3.10.2 Market estimates & forecast, by type, 2016 - 2026
7.3.10.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.3.10.4 Market estimates & forecast, by speed, 2016 - 2026
7.4 Asia Pacific
7.4.1 Market estimates & forecast, 2016-2026
7.4.2 Market estimates & forecast, by type, 2016 - 2026
7.4.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.4.4 Market estimates & forecast, by speed, 2016 - 2026
7.4.5 China
7.4.5.1 Market estimates & forecast, 2016-2026
7.4.5.2 Market estimates & forecast, by type, 2016 - 2026
7.4.5.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.4.5.4 Market estimates & forecast, by speed, 2016 - 2026
7.4.6 India
7.4.6.1 Market estimates & forecast, 2016-2026
7.4.6.2 Market estimates & forecast, by type, 2016 - 2026
7.4.6.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.4.6.4 Market estimates & forecast, by speed, 2016 - 2026
7.4.7 Japan
7.4.7.1 Market estimates & forecast, 2016-2026
7.4.7.2 Market estimates & forecast, by type, 2016 - 2026
7.4.7.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.4.7.4 Market estimates & forecast, by speed, 2016 - 2026
7.4.8 Australia
7.4.8.1 Market estimates & forecast, 2016-2026
7.4.8.2 Market estimates & forecast, by type, 2016 - 2026
7.4.8.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.4.8.4 Market estimates & forecast, by speed, 2016 - 2026
7.4.9 Singapore
7.4.9.1 Market estimates & forecast, 2016-2026
7.4.9.2 Market estimates & forecast, by type, 2016 - 2026
7.4.9.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.4.9.4 Market estimates & forecast, by speed, 2016 - 2026
7.4.10 South Korea
7.4.10.1 Market estimates & forecast, 2016-2026
7.4.10.2 Market estimates & forecast, by type, 2016 - 2026
7.4.10.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.4.10.4 Market estimates & forecast, by speed, 2016 - 2026
7.5 Latin America
7.5.1 Market estimates & forecast, 2016-2026
7.5.2 Market estimates & forecast, by type, 2016 - 2026
7.5.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.5.4 Market estimates & forecast, by speed, 2016 - 2026
7.5.5 Brazil
7.5.5.1 Market estimates & forecast, 2016-2026
7.5.5.2 Market estimates & forecast, by type, 2016 - 2026
7.5.5.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.5.5.4 Market estimates & forecast, by speed, 2016 - 2026
7.5.6 Mexico
7.5.6.1 Market estimates & forecast, 2016-2026
7.5.6.2 Market estimates & forecast, by type, 2016 - 2026
7.5.6.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.5.6.4 Market estimates & forecast, by speed, 2016 - 2026
7.6 Middle East & Africa
7.6.1 Market estimates & forecast, 2016-2026
7.6.2 Market estimates & forecast, by type, 2016 - 2026
7.6.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.6.4 Market estimates & forecast, by speed, 2016 - 2026
7.6.5 South Africa
7.6.5.1 Market estimates & forecast, 2016-2026
7.6.5.2 Market estimates & forecast, by type, 2016 - 2026
7.6.5.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.6.5.4 Market estimates & forecast, by speed, 2016 - 2026
7.6.6 Saudi Arabia
7.6.6.1 Market estimates & forecast, 2016-2026
7.6.6.2 Market estimates & forecast, by type, 2016 - 2026
7.6.6.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.6.6.4 Market estimates & forecast, by speed, 2016 - 2026
7.6.7 UAE
7.6.7.1 Market estimates & forecast, 2016-2026
7.6.7.2 Market estimates & forecast, by type, 2016 - 2026
7.6.7.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.6.7.4 Market estimates & forecast, by speed, 2016 - 2026
7.6.8 Turkey
7.6.8.1 Market estimates & forecast, 2016-2026
7.6.8.2 Market estimates & forecast, by type, 2016 - 2026
7.6.8.3 Market estimates & forecast, by inclination angle, 2016 - 2026
7.6.8.4 Market estimates & forecast, by speed, 2016 - 2026
Chapter 8 Company Profile
8.1 KONE Corporation
8.1.1 Business overview
8.1.2 Financial data
8.1.3 Product landscape
8.1.4 Strategic outlook
8.1.5 SWOT analysis
8.2 Otis Elevator Company
8.2.1 Business overview
8.2.2 Financial data
8.2.3 Product landscape
8.2.4 Strategic outlook
8.2.5 SWOT analysis
8.3 Schindler Group
8.3.1 Business overview
8.3.2 Financial data
8.3.3 Product landscape
8.3.4 Strategic outlook
8.3.5 SWOT analysis
8.4 Mitsubishi Electric Corporation
8.4.1 Business overview
8.4.2 Financial data
8.4.3 Product landscape
8.4.4 Strategic outlook
8.4.5 SWOT analysis
8.5 Thyssenkrupp AG
8.5.1 Business overview
8.5.2 Financial data
8.5.3 Product landscape
8.5.4 Strategic outlook
8.5.5 SWOT analysis
8.6 Hitachi Ltd.
8.6.1 Business overview
8.6.2 Financial data
8.6.3 Product landscape
8.6.4 Strategic outlook
8.6.5 SWOT analysis
8.7 Hyundai Elevator Company
8.7.1 Business overview
8.7.2 Financial data
8.7.3 Product landscape
8.7.4 Strategic outlook
8.7.5 SWOT analysis
8.8 Toshiba Corporation
8.8.1 Business overview
8.8.2 Financial data
8.8.3 Product landscape
8.8.4 Strategic outlook
8.8.5 SWOT analysis
8.9 Stannah
8.9.1 Business overview
8.9.2 Financial data
8.9.3 Product landscape
8.9.4 SWOT analysis
8.10 KLEEMANN Hellas SA
8.10.1 Business overview
8.10.2 Financial data
8.10.3 Product landscape
8.10.4 Strategic outlook
8.10.5 SWOT analysis