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Airport Moving Walkways Market Trends and Segments Forecast To 2029

The global airport moving walkways market size was valued at USD 1,952.5 million in 2022 and is poised to grow at a CAGR of 4.5% during the forecast period 2023-2029. The primary factors that drive the market are rising air traveler traffic all over the globe, the surge in the need for easy commutes between airport terminals, increasing investment for improvement and construction of the airport, and new airport moving walkways combined with ultrasonic sensors for easy automatic methods.
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The global airport moving walkways market segmentation:
1) By Type: Belt type, Pallet type.
2) Inclination Angle: Horizontal, Inclined.
3) Speed: Constant moving walkways (CMW), Accelerating moving walkways (AMW)),
4) End Users: New Installation, Modernization, Maintenance.
Pallet-type to Dominate the Airport Moving Walkways Market
Based on product type, pallet-type airport moving walkways hold the highest market share. The major factor for the rise of this segment is the exceptional physical properties of the pallet type. High robustness along with strong nature can drive the global airport moving walkways market growth. Pallet-type airport moving walkways contain a series of metal plates linked to each other to form an incessant walkway and are mostly elevators that are flat.
Asia Pacific Airport Moving Walkways Market
Asia Pacific region is expected to grow significantly in the global airport moving walkways market growth over the forecast period. The Asia Pacific region is expanding as a result of growing emphasis on the construction of new airports and airport development projects across the region. Apart from this, Major nations including Japan, China, and India, have stated an increase in the number of air travelers in the past few years which has the potential to grow the market further.
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Key players’ profiles in the Airport Moving Walkways market report are Analogue Holdings Limited (ATAL Engineering Group), Fujitec Co., Ltd, Toshiba Elevator and Building Systems Corporation, Hitachi, Ltd., Hyundai Elevator Co., Ltd., Kone Corporation, Mitsubishi Electric Corporation, Raytheon Technologies Corporation, Schindler, and Stannah
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