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Fostering Progress In The Airport-Moving Walkway Market: Embracing Collaboration And Partnerships As Key Trends || Fujitec Co., Ltd., Hitachi, Ltd., Hyundai Elevator Co., Ltd., Kone Corporation
Airport Moving Walkways Market
The Business Research Company's Airport Moving Walkways Global Market Report 2023 the growing number of air passengers as the major driver for the airport moving walkways market's growth in the forecast period. In such cases, moving walkways act as passageways between the terminals, within particularly long concourses, or as access to a parking facility. For instance, according to the International Civil Aviation Organization (ICAO), a specialised agency of the United Nations, the global number of airline passengers is expected to reach 10.5 billion by the year 2040. Therefore, the growth in the number of airline passengers is driving the growth of the airport moving walkways market.
The global airport moving walkways market size grew from $2.22 billion in 2022 to $2.31 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The airport moving walkways market size is expected to grow to $2.76 billion in 2027 at a CAGR of 4.5%.
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Major competitors in the airport moving walkways market are Fujitec Co., Ltd., Hitachi, Ltd., Hyundai Elevator Co., Ltd., Kone Corporation, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler, Stannah.
A key trend in the airport moving walkways market includes partnership and collaboration. The companies operating in the airport moving walkway market are partnering with research companies to improve the operational capabilities and performance of their existing products. For instance, in December 2021, Accessibility Standards Canada (ASC), a federal research organization, collaborated with the Canadian Standards Association (CSA) Group for the purpose of adding CSA B651, a new edition of a national accessibility standard for the built environment.
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The Airport Moving Walkways market is segmented -
• By Type: Belt Type, Pallet Type
• By Inclination Angle: Horizontal, Inclined
• By Business Type: New Installation, Modernization, Maintenance
• By Speed: Constant Moving Walkways (CMW), Accelerating Moving Walkways
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the airport moving walkways market.
The Business Research Company's "Global Airport Moving Walkways Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Airport Moving Walkways Market Include:
1. Executive Summary
2. Airport Moving Walkways Market Characteristics
3. Airport Moving Walkways Market Trends And Strategies
4. Airport Moving Walkways Market - Macro Economic Scenario
5. Airport Moving Walkways Market Size And Growth
……………
27. Airport Moving Walkways Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Airport Moving Walkways Market
29. Airport Moving Walkways Market Future Outlook And Potential Analysis
30. Appendix
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