A moving walkway, also known as an auto walk, a moving pavement, a moving sidewalk, a people-mover, a travellator or a traveler, is a slow-moving conveyor mechanism that carries people across a horizontal or inclined plane over a short to medium distance. Moving walkways can be used either by standing or walking on them. Moving walkways are commonly used in larger airports, as passengers - often with heavy luggage in tow - usually need to walk long distances. There are several uses of airport moving walkways such as passageways between concourses and the terminal, within particularly long concourses, as a connector between terminals, or, as access to a parking facility. There are generally two types of walkways which are used in airport i.e. belt type and pallet type. More advancement in moving walkways regarding the size and speed are expected to drive the market during forecast period.
MARKET SCOPE
The "Global Airport Moving Walkways Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of airport moving walkways market with detailed market segmentation by type, inclination angle, speed, and geography. The report provides key statistics on the market status of the leading airport moving walkways market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented as belt type and pallet type
- Based on inclination angle, market is segmented into the horizontal and inclined.
- Based on speed, market is segmented as constant moving walkways, and accelerating moving walkways.
MARKET DYNAMICS
Drivers:
- Growing air passengers traffic all over the world
- Increase in need for effortless commute between terminals
- rising investment for airport construction and improvement
- new airport moving walkway integrated with ultrasonic sensors for smooth automatic approach.
Restraints:
- High initial and maintenance costs
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Airport Moving Walkway market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Airport Moving Walkway market in these regions
IMPACT OF COVID-19 ON AIRPORT MOVING WALKWAY MARKET
Governments and aviation related businesses across the world are forced to take several stringent measures to contain the spread of the COVID-19 virus. Airports and air traffic around the world had come to a virtual halt in the second quarter of 2020 which led to decline in airport traffic and revenue losses in the aviation industry across all regions. Although, several countries have now started to gradually reopen many parts of the economy, many countries in different regions are again exposed to subsequent waves of infections and governments of these countries have opted for the re-imposition of partial or complete lockdowns. Since the health, safety and wellbeing of passengers and staff is aviation industry's topmost priority, airports and airlines have partnered with governments to prepare the restart of global connectivity as and when the epidemiological situation allows. It is expected that if the global vaccination efforts are successful, the number of passengers traveling by air and outside of their countries is likely to increase by the second half of 2021. Since components, such as Airport Moving Walkways, are vital for the functioning of airports and airlines, the demand for such products for air travel continues to rise with the re-opening of commercial airlines.
MARKET PLAYERS
The report covers key developments in the Airport Moving Walkway market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Airport Moving Walkway market are anticipated to lucrative growth opportunities in the future with the rising demand for Airport Moving Walkway in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Airport Moving Walkway market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Hitachi, Ltd.
- Hyundai Elevator
- KLEEMANN
- KONE Elevator India Private Limited
- Mitsulift
- Otis Elevator Company
- Stannah
- The Schindler Group
- thyssenkrupp Elevator AG
- TOSHIBA JOHNSON ELEVATORS (INDIA) PVT. LTD.