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What key factors are powering the surge in the airport moving walkways market right now?

The market size of airport moving walkways has been on a consistent trajectory of growth over the past few years. The projected growth for this market is from $2.42 billion in 2024 to $2.54 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.8%. Factors contributing to this expansion in the historic period include rising passenger traffic at airports and subsequent congestion, integration with innovative smart airport technologies, demand for hygienic and touch-free travel options, urbanization and the development of mega-cities leading to airport enlargement, and government initiatives coupled with funding for airport modernization.

How fast Is the airport moving walkways market expected to grow, and what’s its future value?

The market for airport moving walkways is projected to experience robust growth in the coming years, expanding to $3.15 billion by 2029 with a compound annual growth rate (CAGR) of 5.6%. The anticipated growth during this period can be attributed to factors such as increased focus on passenger experience and terminal aesthetics, synergy with smart airport technologies, the requirement for touchless and sanitary travel solutions, urbanization, expansion of major cities leading to airport extension, and governmental initiatives and funding for airport improvement projects. Key trends for the forecasted period include the development of energy-efficient and sustainable designs, advancements in moving walkway systems technology, the implementation of Internet of Things (IoT) and smart connectivity, the customization of design and aesthetics, and integration with airport information systems.

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What are the leading drivers of growth in the airport moving walkways market?

The airport moving walkways market is poised for growth, driven by the increasing number of air travellers. Often, airport passengers have hefty luggage and need to cover substantial distances. Moving walkways serve as efficient conduits between terminals, especially in extended concourses, or towards parking areas. The International Civil Aviation Organization (ICAO), a specialist agency of the United Nations, anticipates the global airline passenger count to hit 10.5 billion by 2040. Accordingly, the surge in airline passenger numbers is fuelling the airport moving walkways market expansion.

What are the key segments defining the airport moving walkways market?

The airport moving walkways market covered in this report is segmented – _x000D_

_x000D_

1) By Type: Belt Type, Pallet Type_x000D_

2) By Inclination Angle: Horizontal, Inclined_x000D_

3) By Business Type: New Installation, Modernization, Maintenance_x000D_

4) By Speed: Constant Moving Walkways (CMW), Accelerating Moving Walkways_x000D_

_x000D_

Subsegments:_x000D_

1) By Belt Type: Standard Belt Walkways, Heavy-Duty Belt Walkways, Modular Belt Walkways _x000D_

2) By Pallet Type: Fixed Pallet Walkways, Adjustable Pallet Walkways, Heavy-Duty Pallet Walkways

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Who are the key players steering the development of the airport moving walkways market?

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.

What emerging trends are influencing the growth of the airport moving walkways market?

Leading corporations in the airport moving walkway market are prioritizing the development of advanced moving elevators to enhance accessibility for passengers with luggage. These highly innovative elevators facilitate vertical transportation of passengers across various levels of an airport terminal, thus providing an easy and efficient mode of movement. This advancement is particularly beneficial for those facing mobility issues or under time pressure, as it alleviates the struggle to cope with height differences. Take, for example, the Schindler Group, a Swiss moving walkway manufacturer, who in June 2023 positioned six pairs of moving elevators on Level 4 of the long-term parking garage at Tampa International Airport. Through this strategic installation, around 200 parking spaces have been regained, with plans for nearly 500 more to follow following the dismantling of the old monorail system. The monorail, which had been operational for more than two decades, was replaced due to a decline in users and the high costs associated with necessary repairs. The process of removing the monorail tracks and infrastructure is presently in progress.

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Which regions are most influential in expanding the airport moving walkways market?

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 include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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