The global airport moving walkway systems market revenue was US$ 2,040 million in 2021. The global airport moving walkway systems market revenue is forecast to reach US$ 2,969.2 million by 2030, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2022 to 2030.
Moving walkways, also called travelator, are transport systems using a conveyor. Along with the ground level or inclined between two floors of the building, the moving walkways allow people to cross a short distance safely and slowly. Escalators and walkways both serve the same purpose. The conveyor starts rolling as people walk or stand along with it. There are two parallel walkways with moving safety handrails installed on either side. The pathways roll in opposite directions. As the walkway ends, the handrails roll into the end comb-plate.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had a severe impact on the global airport moving walkway system market. COVID-19 caused major problems for several industries. Due to the lockdown imposed by the government, production of walkways halted or was restricted. Globally, construction and transportation activities were hindered, along with their supply chains. As a result, the demand for walkways in the market declined, reining in the growth of the airport moving walkway systems market.
Regional Insights
Geographically, Asia Pacific dominated the global market for moving walkways in airports and is forecast to maintain its lead over the forecast period. In the region, there is an increasing focus on new airport construction and airport improvement projects. In recent years, major economies such as China, India, and Japan have reported a surge in air travel passenger numbers. In the Asia-Pacific region, these trends are fueling the growth of new airports, which is further likely to bolster market growth during the forecast period.
Leading Competitors
The leading prominent companies profiled in the global airport moving walkway systems market are:
Scope of the Report
The global airport moving walkway systems market segmentation focuses on Business Type, Type, Angle, and Region.
Segmentation based on Business Type
Segmentation based on Type
Segmentation based on Angle
Segmentation based on Region