PUBLISHER: The Business Research Company | PRODUCT CODE: 1641485
PUBLISHER: The Business Research Company | PRODUCT CODE: 1641485
Airport moving walkways are slow-moving conveyor systems designed to transport people over horizontal or inclined planes, facilitating their movement over shorter distances within airports. Installed in pairs with opposite directions of roll, these walkways feature safety handrails alongside for passenger support. They are also commonly known as flat escalators or travelators.
The main types of airport moving walkways include belt-type and pallet-type. Belt-type moving walkways are constructed with mesh metal belts or rubber walking surfaces over metal rollers. These can be either inclined or flat and find applications in airports, metro terminals, or shopping malls. The inclination angles of airport moving walkways can vary, categorized into horizontal and inclined types, with different business applications including new installations, modernization, and maintenance. The speed types for airport moving walkways include constant moving walkways (CMW) and accelerating moving walkways.
The airport moving walkways market research report is one of a series of new reports from The Business Research Company that provides airport moving walkways market statistics, including airport moving walkways industry global market size, regional shares, competitors with an airport moving walkways market share, detailed airport moving walkways market segments, market trends and opportunities, and any further data you may need to thrive in the airport moving walkways industry. This airport moving walkways market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. '
The airport moving walkways market size has grown steadily in recent years. It will grow from $2.42 billion in 2024 to $2.54 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to increased passenger traffic and congestion in airports, integration with smart airport technologies, demand for contactless and hygienic travel solutions, urbanization and growth of mega-cities driving airport expansion, government initiatives and funding for airport modernization.
The airport moving walkways market size is expected to see strong growth in the next few years. It will grow to $3.15 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to emphasis on passenger experience and terminal aesthetics, integration with smart airport technologies, demand for contactless and hygienic travel solutions, urbanization and growth of mega-cities driving airport expansion, government initiatives and funding for airport modernization. Major trends in the forecast period include energy-efficient and sustainable designs, technological advancements in moving walkway systems, incorporation of iot and smart connectivity, design customization and aesthetics, integration with airport information systems.
The rise in the number of air passengers is expected to drive the growth of the airport moving walkways market. As travelers frequently carry heavy luggage at airports, moving walkways act as convenient pathways between terminals, extended concourses, or parking facilities. According to the International Civil Aviation Organization (ICAO), global airline passenger numbers are projected to reach 10.5 billion by 2040. Consequently, the growing number of air passengers is a driving factor for the expansion of the airport moving walkways market.
The increased demand for tourism is anticipated to contribute to the growth of the airport-moving walkways market. Tourism involves spending time away from home for leisure, relaxation, and recreation while using commercial services. Moving walkways, commonly found in larger airports and extended concourses, provide travelers with an easier and less effort-intensive way to reach their gates. The United Nations World Tourism Organization predicts foreign tourist receipts to surpass $1 trillion in 2022, marking a 50% real-term increase from 2021 due to a significant resurgence in foreign travel. Therefore, the growing need for tourism is a significant driver behind the growth of the airport moving walkways market.
Major companies in the airport moving walkway market are concentrating on developing advanced moving elevators to enhance accessibility for travelers with luggage. A moving elevator is a transportation system that facilitates the vertical movement of passengers between different levels in an airport terminal. It improves convenience and efficiency by providing a smooth flow of movement, reducing the effort required to navigate height differences, particularly for those with mobility challenges or time constraints. For example, in June 2023, Schindler Group, a Switzerland-based manufacturer of moving walkways, installed six pairs of moving walkways on Level 4 of Tampa International Airport's long-term parking garage. This installation has restored approximately 200 parking spaces, with nearly 500 additional spaces planned following the removal of the old monorail system. The monorail, which had been in operation for over 20 years, was replaced due to declining ridership and the necessity for costly repairs. Currently, efforts are underway to dismantle the monorail tracks and infrastructure.
The investment in airport moving walkways is a focal point for major companies aiming to enhance airport infrastructure and improve passenger experiences. Norfolk International Airport in the United States received an investment of $5.4 million in March 2023 to construct a moving walkway. The moving sidewalk will be installed on the pedestrian bridge connecting the departures and arrivals terminal buildings. This development is intended to offer faster and more efficient transportation within the airport, reducing wait times and enhancing the overall experience for travelers.
In September 2024, Otis Elevator Company, a US-based manufacturer of elevators and escalators, acquired Jardine Schindler Group for an undisclosed sum. Otis intends to introduce its advanced products, such as the Otis ONE platform and Gen3 elevators, to the newly acquired customer base, thereby enhancing the overall service portfolio available to clients in Taiwan. Jardine Schindler Lifts Limited is a Hong Kong-based company that manufactures escalators and moving walkways for airports.
Major companies operating in the airport moving walkways market include Fujitec Co. Ltd, Hitachi Ltd., Hyundai Elevator Co. Ltd., Kone Corporation, Mitsubishi Electric Corporation, Otis Elevator Company, Schindler Holding AG, Stannah Lifts Holdings Ltd., Thyssenkrupp AG, Toshiba Elevator and Building Systems Corporation, United Technologies Corporation, Wirtgen Group, Orona Group S. Coop., VGSI Elevator LLC., Teknic Elevators PPG Pvt. Ltd., Sigma Elevator Company, Wittur Group, Canny Elevator Co. Ltd., IFE Elevators Co. Ltd., Doppler S.A., SJEC Corporation, Wittur Group S.p.A., Aljo Elevator, Express Lift Co. Ltd., Shanghai STEP Electric Corporation, ZIEHL-ABEGG SE, LEHYER GmbH, VDA Group, Luceco Electric Company Ltd., Ningbo Xinda Group Co. Ltd.
Asia-Pacific was the largest region in the airport moving walkways market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport moving walkways market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the airport moving walkways market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The airport moving walkways market consists of sales of walkway system, motors, controls, and lighting, truss, tracks. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Airport Moving Walkways Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on airport moving walkways market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for airport moving walkways ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The airport moving walkways market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.