Airport Moving Walkway System Market Focuses on Market Share, Size and Projected Forecast Till 2031
Market Overview and Report Coverage
Airport moving walkway systems are conveyor belts that move people horizontally or inclined over a short to medium distance. They are commonly used in airports to transport passengers between terminals or from one area to another within the airport. The system helps to reduce walking time and fatigue for passengers, making it a convenient mode of transport in busy airport environments.
The airport moving walkway system market is expected to grow at a CAGR of % during the forecasted period. The increasing passenger traffic in airports worldwide is driving the demand for efficient and convenient transportation systems like moving walkways. Additionally, advancements in technology are leading to the development of innovative moving walkway systems that are more energy-efficient and require less maintenance, further boosting market growth.
The market forecast for airport moving walkway systems is positive, with a rising trend towards the installation of these systems in new airport constructions and the upgrading of existing facilities. The latest market trends indicate a focus on sustainability, with manufacturers developing eco-friendly moving walkway systems that reduce energy consumption and environmental impact. Overall, the airport moving walkway system market is poised for steady growth in the coming years, driven by the increasing demand for convenient passenger transportation solutions in airports.
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Market Segmentation
The Airport Moving Walkway System Market Analysis by types is segmented into:
- Belt Type
- Pallet Type
Airport moving walkway systems are available in two main types: belt type and pallet type. Belt type moving walkways consist of continuous rubber belts that move passengers along the walkway. Pallet type moving walkways use individual pallets that passengers stand on while being transported. Both types are commonly used in airports to efficiently move passengers across long distances within terminals. The market for these systems is driven by the need for improved passenger experience and increased efficiency in airport operations.
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The Airport Moving Walkway System Market Industry Research by Application is segmented into:
- Commercial Service Airports
- Cargo Service Airports
- Reliever Airports
- General Aviation Airports
- Others
The Airport Moving Walkway System Market caters to various segments within the aviation industry. Commercial Service Airports use moving walkways to enhance passenger experience and improve efficiency. Cargo Service Airports utilize these systems to streamline cargo handling processes. Reliever Airports benefit from moving walkways to accommodate increased passenger traffic. General Aviation Airports implement these systems for convenience and accessibility. Moving walkways also find applications in Other airport facilities, such as private airports or military bases.
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In terms of Region, the Airport Moving Walkway System Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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What are the Emerging Trends in the Global Airport Moving Walkway System market?
The global airport moving walkway system market is experiencing emergence of energy-efficient and eco-friendly solutions, driven by the rising focus on sustainability and environmental conservation. Additionally, advancements in technology such as IoT integration and automated control systems are being increasingly adopted to enhance operational efficiency and passenger experience. Furthermore, there is a growing demand for personalized and interactive features in moving walkway systems to cater to the changing needs and preferences of travelers. Overall, the market is witnessing a shift towards smarter, more efficient, and passenger-centric solutions to meet the evolving requirements of modern airports worldwide.
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Major Market Players
The airport moving walkway system market is highly competitive with key players such as Schindler, Kone Corporation, and Mitsubishi Electric Corporation dominating the market. Schindler is known for its innovative and reliable solutions for moving walkways in airports. The company has a strong market presence globally and offers a wide range of products to meet the varying needs of airports.
Kone Corporation is another major player in the airport moving walkway system market. The company has a strong focus on sustainability and efficiency, which has helped it gain a competitive edge in the market. Kone Corporation has been investing in research and development to introduce advanced technologies in its moving walkway systems.
Mitsubishi Electric Corporation is also a significant player in the airport moving walkway system market. The company offers high-quality products and services to airports worldwide. Mitsubishi Electric Corporation has a strong market presence in the Asia-Pacific region and has been expanding its footprint in other regions as well.
The global airport moving walkway system market is expected to grow significantly in the coming years due to the increasing demand for efficient and reliable transportation solutions in airports. The market size is projected to reach USD billion by 2026, with a CAGR of 6.5% during the forecast period.
In terms of sales revenue, Kone Corporation reported a revenue of USD 10.4 billion in 2020, while Schindler reported a revenue of USD 11.7 billion in the same year. Mitsubishi Electric Corporation reported a revenue of USD 38.2 billion in 2020. These companies are expected to continue their strong performance in the airport moving walkway system market due to their innovative solutions and strong market presence.
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