Airport Moving Walkways Market Expected to Achieve 5.1% CAGR by 2029: Growth Forecast Insights

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How Large Will the Airport Moving Walkways Market Size By 2025?
In recent times, there has been a progressive increase in the size of the airport moving walkways market. It's projected to rise from $2.42 billion in 2024 to around $2.5 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 3.1%. The historical growth of this market is credited to factors such as rising passenger traffic and airport congestion, the incorporation of advanced airport technologies, the need for touchless and sanitary travel options, urbanization, and the evolution of mega-cities leading to airport enlargement. Additionally, initiatives and financial backing from the government for airport modernization has also propelled this upsurge.

How Big Is the Airport Moving Walkways Market Size Expected to Grow by 2029?
In the forthcoming years, the airport moving walkways market is projected to experience substantial growth, expanding to $3.05 billion in 2029 with a compound annual growth rate (CAGR) of 5.1%. This growth during the predicted period could be credited to factors such as the focus on enhancing passenger experiences and terminal aesthetics, integration with advanced airport technologies, the need for contact-free and sanitary travel options, urbanization and the expansion of mega-cities leading to airport enlargement, as well as governmental efforts and funding towards airport modernization. Noteworthy trends during this forecast period include designs that are sustainable and energy-efficient, technological progress in moving walkway systems, integration of IoT and smart connectivity, design customization and aesthetics, along with integration with airport information systems.

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Which Key Market Drivers Powering Airport Moving Walkways Market Expansion and Growth?
The airport moving walkways market is likely to expand due to the escalating number of air travelers. Often, passengers at the airport lug around heavy baggage and must cover long distances. Moving walkways offer a convenient solution in these situations by serving as corridors between terminals and access points to parking facilities. The International Civil Aviation Organization (ICAO), an affiliate of the United Nations, predicts that airline passenger numbers will hit 10.5 billion by 2040. Such an increase in air passenger traffic is contributing to the growth of the airport moving walkways market.

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Which Fast-Growing Trends Are Poised to Disrupt the Airport Moving Walkways Market?
Leading companies in the airport moving walkway market are concentrating on creating advanced moving elevators to enhance ease of access for travelers carrying luggage. A moving elevator is a method of transportation that facilitates vertical passenger movement between different levels within an airport terminal. Its advantage lies in providing a fluid motion flow, decreasing the amount of effort it takes to move between varying altitudes, especially beneficial for individuals with mobility issues or those under time pressure. For example, in June 2023, Schindler Group, a moving walkway manufacturer originating from Switzerland, installed six pairs of moving walkways on the fourth level of Tampa International Airport's long-term parking garage. Close to 200 parking spaces have been recovered, with plans for around 500 more spaces after the old monorail system is removed. The monorail, in operation for more than 20 years, was substituted due to a drop in passenger use and the necessity for costly maintenance. Currently, work is in progress to disassemble the monorail tracks and associated infrastructure.

What Are the Emerging Segments in the Airport Moving Walkways Market?
The airport moving walkwaysmarket 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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Who Are the Global Leaders in the Airport Moving Walkways Market?
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.

Which are the Top Profitable Regional Markets for the Airport Moving Walkways Industry?
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.

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