According to a recent report published by Allied Market Research, titled, “Airport Moving Walkway System Market by Business Type, Type, and Angle: Opportunity Analysis and Industry Forecast, 2020–2027,” the global airport moving walkway system market size accounted for $4,155.6 million in 2019 and is expected to reach $5,135.6 million by 2027, registering a CAGR of 3.0% from 2020 to 2027. In 2019, Asia-Pacific dominated the global airport moving walkway system market, in terms of revenue, accounting about 40.5% share of the global airport moving walkway system industry, followed by North America, Europe,and LAMEA.
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In the last couple of decades there has been a rise in number of air travelers due to increase in tourism and preference of travelling by air over road and rail by the middle class population.Thus, rise in number of travelers has led to construction new airport and expand or renovate the existing airports. For instance, as per the data published by The World Bank Groupthere were over 70.2 million passengers in France who used airline to travel in 2018 and the number is expected to considerably increase till 2027. Thus, France government has decided to invest around $270 million and increase the capacity of the Marseille airport by 40% by 2023. Further, China has planned to construct 216 new airports by 2035 to meet the growing demands for air travel.
Competitive analysis and profiles of the major players in the market, such as Analogue Holdings Limited (ATAL Engineering Group), Fujitec Co., Ltd, Thyssenkrupp AG, Hitachi, Ltd., Hyundai Elevator Co., Ltd., Kone Corporation, Mitsubishi Electric Corporation, United Technologies, Schindler, and Stannahare provided in this report.
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Key Market Segments
By Business Type
- New Installation
- Belt Type
- Pallet Type
- North America
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