Airport Moving Walkways Market Growth, Trends, Industry Analysis, Key Players Forecast 2022-28

According to Precision Business Insights (PBI), the latest report, the market value of the airport moving walkways market size is expected to be valued at USD 1,952.5 million in 2022 and is expected to grow at a CAGR of 4.5% in 2022-2028. 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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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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The airport moving walkways market is segmented based on, product type, inclination angle, speed type, business type, and region.
Based on the product type, the market is segmented into the following:
• Belt type
• Pallet type

Based on the inclination angle type, the market is segmented into the following:
• Horizontal
• Inclined

Based on the speed type, the market is segmented into the following:
• Constant moving walkways (CMW)
• Accelerating moving walkways (AMW)

Based on the business type, the market is segmented into the following:
• New Installation
• Modernization
• Maintenance

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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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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