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Airport Moving Walkway System Market Size, Share, Analysis- 2020–2027 | Key Drivers, Restraints & Opportunity
Airport Moving Walkway System Market
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Airport Moving Walkway System Market by Business Type (New Installation, Modernization and Maintenance), Type (Belt Type and Pallet Type), and Angle (Horizontal and Inclined)
Thus rise in new construction, expansion, and renovation of airport make way for new installation, modernization and maintenance of airport moving walkway systems. For instance, in February 2019 it was announced that installation of moving walkway system will be done from terminal 1 to the parking lot of Bengaluru Airport in India. Also, Otis has signed a contract with London Gatwick Airport in February 2019 for the maintenance of 340 units of elevators, escalators and moving walkways for the period of five years.This will help in the airport moving walkway system market growth in the forecast period
The new installation segment secured the highest share of over 40% in the global market in 2019 and maintenance segment is expected to grow at a CAGR of over 3.5% during the forecast period. In terms of type, the pallet type segment is expected to contribute the highest airport moving walkway system market share in the coming years, as rise in the construction of new airports and renovation of old airports is estimated to fuel its growth.
The inclined segment is expected to grow at the highest CAGR during the forecast period. Inclined walkways make it easy for the commuters to carry their heavy luggage across the two floors if inclined walkways are installed. Region wise, the airport moving walkway system market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy and rest of Europe), Asia-Pacific (China, Japan, South Korea, India and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
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Key Players
The key players analyzed in global airport moving walkway system market are Analogue Holdings Limited (ATAL Engineering Group), Fujitec Co., Ltd, Thyssenkrupp AG, Hitachi, Ltd., Hyundai Elevator Co., Ltd., Kone Corporation, Mitsubishi Electric Corporation, United Technologies, Schindler, and Stannah.
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging airport moving walkway system market trends and dynamics. The report also provides market size from 2020 to 2027.
In-depth market analysis is conducted by constructing estimations for the key segments between 2020 and 2027.
Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
Airport moving walkway system market forecast analysis from 2020 to 2027 is included in the report.
Key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the industry.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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