May 21, 2020
According to the research report titled ‘Airport Moving Walkways Market Size By Type , By Inclination Angle, By Speed, Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global airport moving walkways market is expected to register considerable growth by the year 2026.
The growth of airport moving walkways market is attributed to rising frequency of air travel. A moving walkway is a moderate-moving transport system that transfers individuals across horizontal or inclined plane over a short distance. These systems are either installed in pairs as one for each direction and can be used by walking or standing over them.
Shifting preference towards air travel and increasing number of air passengers are fostering the demand for airport moving walkways. These walkways help people to traverse within the airport premise efficiently. Airport walkways are installed with safety handrails. These walkways are specially preferred by elderly population, enabling them to move and take luggage with no fatigue.
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The report cites that pallet type moving walkways segment held 83.3% market share in 2019 and is expected to record a 3.6% CAGR through 2026. These are flat escalators which comprise of a metal surface. Pallet based moving walkways are also available with rubberized tread fitted on top of the metal plates.
In terms of inclination angle, horizontal segment held 91.7% market share in 2019.
Based on speed, accelerating moving walkways (AMW) segment is predicted to expand with a CAGR of 3.5% between 2020 and 2026. Accelerating moving walkways offer better speed as compared to conventional walkways. AMW are constructed for high traffic demand and provide even better capacity than buses. Moreover, they require limited space for installation and provide benefits such as low energy consumption, minimized noise level and fully electric operations.
Considering the geographical landscape, North America airport moving walkways industry amassed USD 261.1 million in 2019 and is expected to witness similar growth during the forecast period.
The prominent companies operating in global airport moving walkways market are KLEEMANN Hellas SA, Stannah, Toshiba Corp., Hyundai Elevator Co., Hitachi Ltd., Thyssenkrupp