Press release
Airport Moving Walkways Market Size, Share Analysis, Insights, Growth And Forecast 2024-2033 | Key Trends: Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., Kone Corporation, Mitsubishi Electric Corporation
Airport Moving Walkways Market Report
The Business Research Company presents an extensive market research report on the ""Airport Moving Walkways Global Market Report 2023,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the airport moving walkways industry. This report on airport moving walkways market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The airport moving walkways market size has grown strongly in recent years. It will grow from $2.32 billion in 2023 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increased passenger traffic and congestion in airports, integration with smart airport technologies, demand for contactless and hygienic travel solutions, urbanization and growth of mega-cities driving airport expansion, government initiatives and funding for airport modernization.
The airport moving walkways market size is expected to see strong growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.
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Key Market Players:
Fujitec Co. Ltd., Hitachi Ltd., Hyundai Elevator Co. Ltd., Kone Corporation, Mitsubishi Electric Corporation are prominent players in the airport moving walkways industry.
Market Drivers:
According to the Airport Moving Walkways Market Report 2023 by The Business Research Company, The growing number of air passengers is expected to propel the growth of the airport moving walkways market. In most cases, passengers at the airport carry heavy luggage with them, and they are required to move a distance. In such cases, moving walkways act as passageways between the terminals, within particularly long concourses, or as access to a parking facility.
More information about the Global Airport Moving Walkways Market Report -
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Market segments for airport moving walkways include:
1) By Type: Belt Type, Pallet Type
2) By Inclination Angle: Horizontal, Inclined
3) By Business Type: New Installation, Modernization, Maintenance
4) By Speed: Constant Moving Walkways (CMW), Accelerating Moving Walkways
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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