Press release
Airport Moving Walkways Market Poised for 5.6 % Growth, Set to Hit $136.4 Billion by 2029
Airport Moving Walkways Market Size
The airport moving walkways market is anticipated to expand due to the increasing amount of air passengers. Passengers usually have heavy luggage and need to travel long distances within the airport, and moving walkways serve as a conduit between terminals, extended concourses, or to parking amenities. For example, the International Civil Aviation Organization (ICAO), a dedicated agency of the United Nations, anticipates the global count of airline passengers to hit 10.5 billion by 2040. Consequently, the airport moving walkways market is being propelled by the rising number of airline passengers.
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How will the growth rate of the airport moving walkways market shape industry trends by 2034?
The market size for airport moving walkways has seen consistent growth over recent years. The growth is expected to increase from $2.42 billion in 2024 to $2.54 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.8%. The sector's expansion during the historical period is primarily due to heightened passenger traffic and airport congestion, integration with advanced airport technologies, the rising demand for contactless and sanitary travel options, urbanization and the development of large cities necessitating airport expansion, and government policies and financial aid supporting airport modernization.
In the coming years, the market size for moving walkways in airports is predicted to experience robust growth. It is forecasted to expand to an impressive $3.15 billion by 2029 at a compound annual growth rate (CAGR) of 5.6%. The progression in the forecasted epoch could be attributable to prioritizing passenger comfort and terminal design appeal, interaction with advanced airport technologies, rising demand for touchless and sanitary travel solutions, urbanization coupled with the expansion of mega-cities that necessitate airport enlargement, and government support and financial aid for airport refurbishment. Key trends over the forecast period encapsulate energy-saving and eco-friendly designs, progression in walkway system technology, incorporation of iot and intelligent connectivity, design customization and beautification, and fusion with airport information systems.
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What trends are poised to drive the future success of the airport moving walkways market?
Leading firms in the airport moving walkway market are prioritizing the creation of innovative moving elevators to enhance accessibility for passengers with luggage. Moving elevators are transport systems that allow vertical transportation of passengers across different levels in airport terminals. They offer convenience and efficiency by facilitating effortless movement, reducing the exertion required to manage height variations, particularly for those with mobility limitations or time pressures. For example, in June 2023, the Switzerland-based moving walkways manufacturer, Schindler Group, implemented six sets of moving walkways on Level 4 of the long-term parking garage at Tampa International Airport. Around 200 parking spots have been recovered, with close to 500 extra spaces anticipated after the obsolete monorail system's removal. The monorail, operational for over two decades, was replaced due to dwindling ridership and costly repair requirements. Presently, efforts to disassemble the monorail tracks and structure are in progress.
Which primary segments of the airport moving walkways market are driving growth and industry transformations?
The airport moving walkways market covered in this report is segmented -
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
Subsegments:
1) By Belt Type: Standard Belt Walkways, Heavy-Duty Belt Walkways, Modular Belt Walkways
2) By Pallet Type: Fixed Pallet Walkways, Adjustable Pallet Walkways, Heavy-Duty Pallet Walkways
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Which geographical regions are pioneering growth in the airport moving walkways market?
Asia-Pacific was the largest region in the airport moving walkways market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport moving walkways market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the airport moving walkways market landscape?
Major companies operating in the airport moving walkways market include 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, Toshiba Elevator and Building Systems Corporation, United Technologies Corporation, Wirtgen Group, Orona Group S. Coop., VGSI Elevator LLC., Teknic Elevators PPG Pvt. Ltd., Sigma Elevator Company, Wittur Group, Canny Elevator Co. Ltd., IFE Elevators Co. Ltd., Doppler S.A., SJEC Corporation, Wittur Group S.p.A., Aljo Elevator, Express Lift Co. Ltd., Shanghai STEP Electric Corporation, ZIEHL-ABEGG SE, LEHYER GmbH, VDA Group, Luceco Electric Company Ltd., Ningbo Xinda Group Co. Ltd.
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What Is Covered In The Airport Moving Walkways Global Market Report?
•Market Size Forecast: Examine the airport moving walkways market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the airport moving walkways market for a structured understanding.
•Key Players Overview: Analyze major players in the airport moving walkways market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the airport moving walkways market.
•Segment Contributions: Evaluate how different segments drive overall growth in the airport moving walkways market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the airport moving walkways market.
•Industry Challenges: Identify potential risks and obstacles affecting the airport moving walkways market.
•Competitive Landscape: Review strategic developments in the airport moving walkways market, including expansions, agreements, and new product launches.
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