Press release
Global Airport Moving Walkways Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Airport Moving Walkways Market
What Is the Airport Moving Walkways Market Size and Projected Growth Rate?
The market size of airport moving walkways has seen consistent growth in the past few years. Its value is predicted to rise from $2.42 billion in 2024 to $2.54 billion in 2025, representing a compound annual growth rate (CAGR) of 4.8%. Factors contributing to this growth in the historical period include rising passenger traffic and airport congestion, integration with smart airport technologies, increased demand for touch-free and hygienic travel solutions, urbanization and the growth of mega-cities leading to airport expansion, as well as government support and funding for airport modernization.
Expectations for the airport moving walkways market suggest robust expansion in the upcoming years, with an estimated worth of $3.15 billion by 2029, marking a compound annual growth rate (CAGR) of 5.6%. This promising projection for the forecast period is likely due to factors such as a focus on improving passenger experience and beautification of terminals, synchronizing with smart airport technologies, the rising need for contact-free and sanitary travel solutions, urban development and the surge of mega-cities spurring airport expansions, alongside government-supported initiatives and funding for upgrading airports. Noteworthy developments expected during the forecast period encompass energy-conscious and eco-friendly designs, advancements in technology for moving walkway systems, the integration of IoT and advanced connectivity, custom design and aesthetic enhancements, and synchronization with airport information systems.
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What Are the Major Segments in the Airport Moving Walkways Market?
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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What Are The Driving Airport Moving Walkways Market Evolution?
The surge in air travelers is predicted to stimulate the expansion of the airport moving walkways sector. Typically, passengers at airports lug around heavy baggage and need to cover some distance. Under such circumstances, moving walkways function as corridors connecting terminals, within extensive concourses, or leading to parking facilities. For example, the International Civil Aviation Organization (ICAO), a specialized UN agency, predicts that the worldwide tally of airline passengers will hit 10.5 billion by 2040. Hence, the rise in airline passengers is fueling the growth of the market for airport moving walkways.
Which Firms Dominate The Airport Moving Walkways Market Segments?
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.
What Trends Are Expected to Dominate the Airport Moving Walkways Market in the Next 5 Years?
Leading businesses in the airport moving walkway market are directing their efforts towards the invention of innovative moving elevators to enhance the movement of travelers carrying luggage. The moving elevator is a transit system that facilitates vertical passenger movement across various levels of an airport terminal. It provides added ease and efficiency by establishing frictionless mobility, reducing the effort required to maneuver vertical changes, especially for those grappling with mobility issues or time limitations. For instance, in June 2023, the Schindler Group, a company originating from Switzerland that manufactures moving walkways, equipped Tampa International Airport's long-term parking garage on Level 4 with six pairs of moving walkways. Approximately 200 parking areas have been reinstated, and almost 500 more are scheduled to be added after the old monorail system is taken down. The monorail which had been in operation for more than two decades, had to be substituted due to a decrease in ridership and the high costs involved in its maintenance. The process of deconstructing the monorail tracks and infrastructure is currently in progress.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Airport Moving Walkways Market?
2. What is the CAGR expected in the Airport Moving Walkways Market?
3. What Are the Key Innovations Transforming the Airport Moving Walkways Industry?
4. Which Region Is Leading the Airport Moving Walkways Market?
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