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Global Airport Moving Walkway System Market Outlook to 2028

Region:Global

Author(s):Sanjna

Product Code:KROD8573

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Published On

December 2024

Total pages

89

About the Report

Global Airport Moving Walkway System Market Overview

  • The global airport moving walkway system market is valued at USD 2 billion, driven by the expansion of airport infrastructure globally and the increasing demand for automation. The market has witnessed robust growth due to rising passenger traffic and airport modernization efforts. Major hubs like the United States, China, and the Middle East have heavily invested in upgrading airport facilities with advanced automated systems such as moving walkways, enhancing passenger convenience and improving operational efficiency.
  • Countries like the United States, Germany, and China dominate the global market, largely because of their significant investments in airport infrastructure development and the continuous modernization of existing facilities. These countries have high air traffic volumes and are focused on reducing passenger congestion, leading to the widespread adoption of moving walkway systems. The dominance is also attributed to the presence of leading manufacturers in these regions.
  • Government regulations play a key role in ensuring the safety of moving walkway systems. For example, the European Unions safety standards under CEN EN115 mandate strict guidelines for walkway installation, including specifications on speed and incline. Airports across Europe are actively working to upgrade their systems to meet these evolving standards, with over 85% compliance reported in major EU airports in 2023.

market overviews

Global Airport Moving Walkway System Market Segmentation

  • By Type of Walkway System: The global airport moving walkway system market is segmented by type into horizontal walkways and inclined walkways. Horizontal walkways are the dominant segment due to their extensive installation in larger international airports to connect distant terminals and gates. These walkways enhance passenger flow and reduce transit time between sections of the airport, making them crucial for large, high-traffic airports. The adoption of horizontal walkways has been widely recognized as a key feature in airports like Heathrow and JFK. market overviews
  • By Region: The market is segmented by region into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America leads the market due to heavy investment in airport automation and the presence of large airports with high passenger traffic. Airports in the United States and Canada are continuously upgrading their facilities to cater to increasing passenger numbers, thus driving demand for moving walkway systems. Europe is the second-largest market due to major expansions in key hubs like Heathrow and Frankfurt.

market overviews

  • By Speed Type: The market is further segmented into constant speed and variable speed walkways. Constant speed walkways hold a larger market share due to their operational simplicity and lower maintenance costs. These walkways are ideal for high-traffic airports where a steady flow of passengers is essential. They are especially prevalent in airports that handle millions of passengers annually, such as Hartsfield-Jackson in Atlanta, as they allow for seamless movement while maintaining operational efficiency.

Global Airport Moving Walkway System Market Competitive Landscape

The Global Airport Moving Walkway System market is dominated by a few major players, including ThyssenKrupp AG, Otis Elevator Company, and Schindler Group, which have significant shares due to their technological expertise and strong global presence. The market shows moderate consolidation, with key companies investing in research and development to introduce energy-efficient and customizable walkway systems. Moreover, strategic collaborations with airport authorities and government agencies have enabled these companies to secure major contracts for airport modernization projects.

Company Name

Establishment Year

Headquarters

Revenue (2023)

R&D Investment

Product Innovations

Geographical Presence

Partnerships

Sustainability Initiatives

ThyssenKrupp AG

1811

Germany

-

-

-

-

-

-

Otis Elevator Company

1853

USA

-

-

-

-

-

-

Schindler Group

1874

Switzerland

-

-

-

-

-

-

Mitsubishi Electric Corporation

1921

Japan

-

-

-

-

-

-

KONE Corporation

1910

Finland

-

-

-

-

-

-

 

Global Airport Moving Walkway System Market Analysis

Growth Drivers

  • Increase in Global Air Traffic: The global increase in air passenger traffic has been significant, with the International Air Transport Association (IATA) reporting a rise to over 4.5 billion passengers in 2023. This has led to heightened demand for airport infrastructure, particularly moving walkway systems, to enhance passenger mobility. Airports worldwide are handling larger volumes of passengers, necessitating the installation of automated systems to reduce congestion and improve overall operational efficiency
  • Demand for Airport Efficiency: Airport infrastructure modernization is driven by the need for improved operational efficiency. According to the Airports Council International (ACI), global airport infrastructure investments exceeded $165 billion in 2023, with a significant portion allocated to enhancing passenger movement and automation systems. Moving walkways play a critical role in improving airport efficiency by ensuring swift passenger flow, reducing bottlenecks, and enhancing safety standards.
  • Advancements in Automated Systems: With the global push toward automation, moving walkway systems have become increasingly integrated with smart technologies such as sensors and real-time monitoring tools. The U.S. government has reported over $5 billion in funding for smart airport technologies in 2023, promoting advancements in automated walkway systems. These innovations help airports meet global efficiency and safety standards by enabling real-time tracking of passenger movement and system performance, ensuring smooth operations in large-scale facilities.

Challenges

  • High Installation Costs: The cost of installing moving walkway systems remains a challenge for airports, particularly in developing regions. The average installation cost for a single moving walkway system is estimated to range from $2 million to $5 million, according to data from the U.S. General Services Administration (GSA). For smaller airports or those operating on limited budgets, this creates financial constraints, limiting their ability to adopt modern walkway systems.
  • Complexity in Retrofitting Existing Airports: Retrofitting existing airport infrastructure with moving walkway systems poses significant engineering challenges. Around 30% of conversion costs for aircraft retrofitting are attributed to engine replacements and other modifications. This adds complexity to modernization efforts, as seen in European airports like Berlins Brandenburg, which faced delays in integrating new walkways due to space limitations.

Global Airport Moving Walkway System Market Future Outlook

Global airport moving walkway system market is expected to witness substantial growth, driven by increasing airport infrastructure investments and advancements in automation technology. The growing focus on improving passenger experience, particularly in emerging markets, will continue to fuel demand for moving walkways. As airports in Asia-Pacific and the Middle East expand, the need for efficient and sustainable moving walkway systems will rise significantly.

Market Opportunities

  • Growth in Asia-Pacific Airports: Asia-Pacific is witnessing substantial airport expansion, with governments allocating over $209 billion in 2023 for new airport projects. For example, China alone is investing in the construction of 50 new airports by 2025. These expansions present significant opportunities for the integration of advanced moving walkway systems, particularly in busy airports like Beijing Capital and Singapore Changi. The rapid urbanization and economic growth in this region drive the demand for modern infrastructure that can handle increased passenger volumes efficiently.
  • Integration with Smart Technologies: The adoption of smart technologies in airports provides an opportunity for moving walkway systems to evolve. According to the World Bank, global spending on smart infrastructure reached $110 billion in 2023, and this trend is set to benefit automated walkway systems by integrating IoT-enabled sensors for better traffic management. Airports in countries such as Japan and the UAE are leading this trend by developing next-generation airports equipped with real-time monitoring systems that optimize passenger flow and improve operational efficiency.

Scope of the Report

Segments

Sub-segments

Type of Walkway System

Horizontal Walkways

 

Inclined Walkways

Speed Type

Constant Speed

 

Variable Speed

Installation Type

New Installation

 

Retrofitting & Renovation

Application

Domestic Airports

 

International Airports

Region

North America

 

Europe

 

Asia-Pacific

 

Middle East & Africa

 

Latin America

Products

Key Target Audience

  • Airport Authorities (Federal Aviation Administration, International Civil Aviation Organization)
  • Airline Companies
  • Airport Infrastructure Providers
  • Automation Technology Providers
  • Facility Management Companies
  • Investors and Venture Capitalist Firms
  • Government and Regulatory Bodies (European Union Aviation Safety Agency, Civil Aviation Administration of China)

Companies

Players Mentioned in the Report

  • ThyssenKrupp AG
  • Otis Elevator Company
  • Schindler Group
  • Mitsubishi Electric Corporation
  • KONE Corporation
  • Fujitec Co., Ltd.
  • Hitachi Ltd.
  • Hyundai Elevator Co., Ltd.
  • Stannah Lifts Holdings Ltd.
  • Savaria Corporation

Table of Contents

1. Global Airport Moving Walkway System Market Overview

1.1. Definition and Scope

1.2. Market Taxonomy

1.3. Market Growth Rate

1.4. Market Segmentation Overview

2. Global Airport Moving Walkway System Market Size (In USD Bn)

2.1. Historical Market Size
2.2. Year-On-Year Growth Analysis
2.3. Key Market Developments and Milestones

3. Global Airport Moving Walkway System Market Analysis

3.1. Growth Drivers (Passenger Volume Growth, Infrastructure Modernization, Airport Expansion, Technology Innovation)
3.1.1. Increase in Global Air Traffic
3.1.2. Demand for Airport Efficiency
3.1.3. Advancements in Automated Systems
3.1.4. Focus on Passenger Experience Improvement

3.2. Market Challenges (Operational Costs, Space Constraints, System Maintenance, Sustainability Issues)

3.2.1. High Installation Costs

3.2.2. Complexity in Retrofitting Existing Airports

3.2.3. Regulatory Compliance in Different Regions

3.2.4. Energy Efficiency Concerns

3.3. Opportunities (Expansion into Emerging Markets, Technology Integration, Smart Airport Development)

3.3.1. Growth in Asia-Pacific Airports

3.3.2. Integration with Smart Technologies

3.3.3. Automated Walkway Systems for Next-Gen Airports

3.4. Trends (Automation, Sustainability, IoT Integration, Customization)

3.4.1. IoT-enabled Moving Walkways

3.4.2. Eco-Friendly and Energy-Efficient Systems

3.4.3. Modular and Customizable Walkway Designs

3.5. Government Regulation (Regulatory Compliance, Safety Standards, Environmental Norms, Subsidies)

3.5.1. Regional Safety Standards for Walkway Systems

3.5.2. Environmental Impact Regulations

3.5.3. Airport Infrastructure Investment Policies

3.6. SWOT Analysis

3.7. Stakeholder Ecosystem

3.8. Porters Five Forces Analysis

3.9. Competition Ecosystem

4. Global Airport Moving Walkway System Market Segmentation

4.1. By Type of Walkway System (In Value %)
4.1.1. Horizontal Walkways
4.1.2. Inclined Walkways

4.2. By Speed Type (In Value %)

4.2.1. Constant Speed

4.2.2. Variable Speed

4.3. By Installation Type (In Value %)

4.3.1. New Installation

4.3.2. Retrofitting & Renovation

4.4. By Application (In Value %)

4.4.1. Domestic Airports

4.4.2. International Airports

4.5. By Region (In Value %)

4.5.1. North America

4.5.2. Europe

4.5.3. Asia-Pacific

4.5.4. Middle East & Africa

4.5.5. Latin America

5. Global Airport Moving Walkway System Market Competitive Analysis

5.1 Detailed Profiles of Major Companies
5.1.1. ThyssenKrupp AG
5.1.2. Otis Elevator Company
5.1.3. Fujitec Co., Ltd.
5.1.4. Mitsubishi Electric Corporation
5.1.5. Schindler Group
5.1.6. KONE Corporation
5.1.7. Hitachi Ltd.
5.1.8. Hyundai Elevator Co., Ltd.
5.1.9. Stannah Lifts Holdings Ltd.
5.1.10. Savaria Corporation

5.2. Cross Comparison Parameters (Revenue, Market Share, Product Portfolio, Geographical Reach, Sustainability Efforts, R&D Investments, Product Innovation, Customer Base)

5.3. Market Share Analysis

5.4. Strategic Initiatives

5.5. Mergers and Acquisitions

5.6. Investment Analysis

5.7. Venture Capital Funding

5.8. Government Grants

5.9. Private Equity Investments

6. Global Airport Moving Walkway System Regulatory Framework

6.1. Compliance Requirements (Regional Safety Certifications, Energy Efficiency Standards, Accessibility Regulations)
6.2. Certification Processes (ISO Certifications, Industry-Specific Standards)
6.3. Environmental Standards (Sustainability, Carbon Footprint Reduction)

7. Global Airport Moving Walkway System Future Market Size (In USD Bn)

7.1. Future Market Size Projections
7.2. Key Factors Driving Future Market Growth

8. Global Airport Moving Walkway System Future Market Segmentation

8.1. By Type of Walkway System (In Value %)
8.2. By Speed Type (In Value %)
8.3. By Installation Type (In Value %)
8.4. By Application (In Value %)
8.5. By Region (In Value %)

9. Global Airport Moving Walkway System Market Analysts Recommendations

9.1. TAM/SAM/SOM Analysis
9.2. Customer Cohort Analysis
9.3. White Space Opportunity Analysis
9.4. Marketing Initiatives

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Research Methodology

Step 1: Identification of Key Variables

This step involved constructing a comprehensive ecosystem map of all stakeholders within the global airport moving walkway system market. Extensive desk research was conducted using proprietary databases and credible secondary sources, with a focus on identifying the critical variables influencing market dynamics.

Step 2: Market Analysis and Construction

In this phase, historical data of market trends and the implementation of moving walkway systems in global airports were analyzed. The study assessed key developments, such as infrastructure upgrades and automation integration, ensuring the reliability of growth estimates.

Step 3: Hypothesis Validation and Expert Consultation

Market hypotheses were developed and validated through telephonic interviews with airport managers, moving walkway manufacturers, and automation experts. These consultations provided critical insights into operational efficiencies and technological advancements within the industry.

Step 4: Research Synthesis and Final Output

The final phase included a synthesis of qualitative and quantitative data, focusing on market segmentation, competitive landscape, and growth drivers. This comprehensive analysis ensured a holistic view of the global airport moving walkway system market.

Frequently Asked Questions

01. How big is the Global Airport Moving Walkway System Market?

The global airport moving walkway system market is valued at USD 2 billion, driven by airport expansions and increased automation in major international airports.

02. What are the challenges in the Global Airport Moving Walkway System Market?

Challenges in Global Airport Moving Walkway System Market include high installation costs, energy efficiency concerns, and the complexity of retrofitting walkways into existing airport structures.

03. Who are the major players in the Global Airport Moving Walkway System Market?

Key players in Global Airport Moving Walkway System Market include ThyssenKrupp AG, Otis Elevator Company, Schindler Group, Mitsubishi Electric Corporation, and KONE Corporation, dominating the market with advanced products and global presence.

04. What drives the Global Airport Moving Walkway System Market?

Global Airport Moving Walkway System Market is driven by increasing air traffic, airport modernization efforts, and a focus on improving passenger experience through automation and technology integration.

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