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Projected Surge in Airport Moving Walkways Market: Growth Drivers, Key Players, and Trends
Airport Moving Walkways Market
Increase in passenger traffic and integration with smart airport technologies suggests robust growth of the global Airport Moving Walkways Market
What Is The Projected Market Size Of The Global Airport Moving Walkways Market And Its Growth Rate?
• The airport moving walkways market size stands at $2.42 billion in 2024
• Market size is predicted to reach $2.54 billion in 2025 at a CAGR of 4.8%
• Passenger traffic, smart airport technologies, and growth in mega-cities cited as reasons for historic growth
• Forecast for 2029 suggests a market size of $3.15 billion with a CAGR of 5.6%
• Emphasis on passenger experience, terminal aesthetics, and smart airport technologies can fuel forecast period growth
What Is Driving The Growth In The Airport Moving Walkways Market?
The rise in the number of air passengers is a key driving force for the airport moving walkways market. Passengers often carry heavy luggage and need to cover long distances within the airport. Moving walkways offer a convenient solution, acting as passageways between terminals or providing access to parking facilities. As per projections from the International Civil Aviation Organization (ICAO), the global number of airline passengers is expected to touch 10.5 billion by 2040. This brings significant growth opportunities for the airport moving walkways market.
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Who Are the Key Players Driving Airport Moving Walkways Market Growth?
• Fujitec Co. Ltd
• Hitachi Ltd.
• Hyundai Elevator Co. Ltd.
• Kone Corporation
• Mitsubishi Electric Corporation
• Otis Elevator Company
• Schindler Holding AG
• Stannah Lifts Holdings Ltd.
• Thyssenkrupp AG
What Are The Key Trends In The Airport Moving Walkways Market?
• Energy-efficient and sustainable designs
• Technological advancements in moving walkway systems
• Incorporation of IoT and smart connectivity
• Design customization and aesthetics
• Integration with airport information systems
What Are The Segments Of The Global Airport Moving Walkways Market?
• 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
Which Region Leads The Airport Moving Walkways Market?
Asia-Pacific dominated the airport moving walkways market in 2024 and is expected to be the fastest-growing region in the forecast period. Other regions covered in the airport moving walkways market report includes Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Airport Moving Walkways Market Global Market Report?
- Market Size Analysis: Analyze the Airport Moving Walkways Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Airport Moving Walkways Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Airport Moving Walkways Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Airport Moving Walkways Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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