Airport moving walkways are conveyor belts that transport passengers through long airport terminals and departure gates. They are also known as travelators or moving sidewalks. Airport moving walkways are an integral part of modern airports, as they help to improve passenger flow and reduce congestion.
The global airport moving walkways market is expected to grow at a CAGR of 3.5% during the forecast period.
The market growth is being driven by a number of factors, including:
- Increasing passenger traffic at airports around the world
- Growing demand for new and improved airport infrastructure
- Rising focus on improving passenger experience and comfort
- Technological advancements in airport moving walkways
Regional Analysis: the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region is expected to witness the fastest growth during the forecast period due to the increasing number of new airport development projects in the region.
Market Key Players
Some of the key players in the global airport moving walkways market include:
- ThyssenKrupp Elevator
- Schindler Group
- Kone Corporation
- Mitsubishi Electric Corporation
- Hitachi, Ltd.
- Otis Elevator Company
- Fujitec Co., Ltd.
- Sodexo
- ISS Facility Services
- Serco
- Vanderlande
- Gategroup
Market Trends
Some of the key trends in the global airport moving walkways market include:
- Increasing demand for sustainable and energy-efficient airport moving walkways
- Growing adoption of smart and intelligent airport moving walkways
- Rising focus on improving the safety and security of airport moving walkways
Market Challenges
Some of the key challenges in the global airport moving walkways market include:
- High installation and maintenance costs
- Stringent safety and regulatory requirements
- Competition from other airport transportation systems
Market Forecast
The global airport moving walkways market is expected to grow at a CAGR of 4.8% during the forecast period. The Asia Pacific region is expected to witness the fastest growth during the forecast period due to the increasing number of new airport development projects in the region.
Conclusion
The global airport moving walkways market is expected to grow steadily in the coming years. The market growth is being driven by a number of factors, including increasing passenger traffic, growing demand for new and improved airport infrastructure, and rising focus on improving passenger experience and comfort. The Asia Pacific region is expected to be the fastest growing market during the forecast period.