PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1544617
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1544617
Moving Walkways Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Global Moving Walkways Market size will expand at a 4.8% CAGR between 2024 and 2032, fueled by increased emphasis on public transport integration and innovations in moving walkway technology. Modern transit hubs are increasingly incorporating moving walkways to streamline passenger flow and enhance connectivity. Technological breakthroughs, such as energy-efficient systems and integrated digital displays, further boost the appeal of moving walkways by improving functionality and passenger experience. These innovations make moving walkways a crucial component in the development of efficient and user-friendly public transport environments, fueling market growth.
For instance, in June 2023, Moove Media introduced the 'Outram Travelator,' Singapore's longest in-station digital wall. At 54 meters and 56K pixels, it surpasses their previous record, the 40-meter 'Moove the Great Wall' at Dhoby Ghaut NEL. This development highlights an increased focus on enhancing passenger experience through large-scale, dynamic displays in high-traffic areas. As moving walkways are often found in such settings, the trend towards incorporating sophisticated digital media with these systems suggests a potential boost in market demand for technologically advanced moving walkways that offer both functionality and enhanced visual engagement.
The moving walkways industry is fragmented based on product type, type, installation, speed, application, distribution channel, and region.
The inclined moving walkway segment will experience a substantial surge by 2032, attributed to its versatility and efficiency in handling elevation changes. These systems are ideal for environments such as airports, train stations, and multi-level shopping centers, where they facilitate smooth transitions between floors. Their ability to enhance passenger flow and reduce travel time in vertical spaces makes them highly valuable. As urban infrastructure and transportation hubs continue to evolve, the demand for inclined moving walkways will grow considerably.
The shopping centers segment will achieve a noteworthy foothold by 2032, owing to the growing emphasis on enhancing the shopping experience. As malls and retail complexes expand, moving walkways become essential for managing high foot traffic and providing convenience to shoppers. Their ability to connect different areas efficiently and reduce walking distances significantly improves customer satisfaction. The integration of moving walkways in shopping centers supports smoother navigation, making them a popular choice for large retail environments, thus capturing moderate market share.
Europe will record a remarkable CAGR from 2024 to 2032, propelled by its extensive development of public transport infrastructure and commercial spaces. Major cities across the continent are investing in modern transit hubs, shopping centers, and airports, integrating moving walkways to enhance passenger flow and convenience. The region's focus on improving accessibility and upgrading transportation networks drives the demand for advanced moving walkway solutions. Europe's commitment to infrastructure innovation makes it a primary contributor to market growth.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market scope and definitions
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis.
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Rising urbanization and Infrastructure Development
- 3.2.1.2 Technological advancements in automation
- 3.2.2 Industry pitfalls and challenges
- 3.2.2.1 High initial investment costs
- 3.2.2.2 Complex maintenance requirements
- 3.2.1 Growth drivers
- 3.3 Growth potential analysis
- 3.4 Technological landscape
- 3.5 Trend Analysis
- 3.6 Porter's analysis
- 3.7 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, By Product Type (USD Million) (Units)
- 5.1 Key trends
- 5.2 Pallet type
- 5.3 Belt type
Chapter 6 Market Estimates and Forecast, By Type (USD Million) (Units)
- 6.1 Key trends
- 6.2 Horizontal moving walkway
- 6.3 Inclined moving walkway
Chapter 7 Market Estimates and Forecast, By Installation (USD Million) (Units)
- 7.1 Key trends
- 7.2 Indoor
- 7.3 Outdoor
Chapter 8 Market Estimates and Forecast, By Speed (USD Million) (Units)
- 8.1 Key trends
- 8.2 Constant moving walkway
- 8.3 Accelerating moving walkway
Chapter 9 Market Estimates and Forecast, By Application (USD Million) (Units)
- 9.1 Key trends
- 9.2 Airports
- 9.3 Shopping centers
- 9.4 Hotels
- 9.5 Office buildings
- 9.6 Public transit
- 9.7 Others (Institutional etc.)
Chapter 10 Market Estimates and Forecast, By Distribution Channel (USD Million) (Units)
- 10.1 Key trends
- 10.2 Direct sales
- 10.3 Indirect sales
Chapter 11 Market Estimates and Forecast, By Region (USD Million) (Units)
- 11.1 Key trends, by region
- 11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
- 11.3 Europe
- 11.3.1 Germany
- 11.3.2 UK
- 11.3.3 France
- 11.3.4 Italy
- 11.3.5 Spain
- 11.3.6 Rest of Europe
- 11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 South Korea
- 11.4.5 Australia
- 11.4.6 Rest of Asia Pacific
- 11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
- 11.5.3 Argentina
- 11.5.4 Rest of Latin America
- 11.6 MEA
- 11.6.1 Saudi Arabia
- 11.6.2 UAE
- 11.6.3 South Africa
- 11.6.4 Rest of MEA
Chapter 12 Company Profiles
- 12.1 Dazen Elevator
- 12.2 Delfar Elevator Co., Ltd.
- 12.3 Fujitec
- 12.4 Hitachi LTD
- 12.5 Hyundai Elevator Company
- 12.6 Johnson Lifts Private Limited
- 12.7 KLEEMANN
- 12.8 KONE Corporation
- 12.9 Mitsubishi Electric Corp
- 12.10 Otis Elevator Company
- 12.11 Schindler
- 12.12 Sicher Elevator Co., Ltd.,
- 12.13 Stannah
- 12.14 TK Elevator
- 12.15 Toshiba Corporation
