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Pallet type airport moving walkways will account for more than 80% market share throughout the forecast period. The key properties of high durability as well as robust nature is propelling the product demand at the airports. Pallet type travelators consist of series of metal plates connected to each other to form a continuous walkway and are basically flat elevators.
Horizontal MWs will be expanding at a CAGR of 3.5% till 2026 due to its growing usage at the airports for transporting people between two terminals or concourses. This type of product possesses an inclination angle ranging between 0º to 6º. Growing passenger traffic at airport terminals will further drive the need for these products.
Accelerating airport moving walkways (AMW) have found huge prominence at airports owing to its ease of operation than that of constant MW. These walkways possess mix of acceleration and deceleration stages, which offers great flexibility to passengers at the starting and ending point of the autowalks. Further, these product moves at slightly higher speed than the conventional products which significantly reduces the time of passengers at the airport terminals.
Asia Pacific will account for more than 40% of the global airport moving walkways market share through 2026 due to increasing focus towards building new airports and airport improvement projects across the region.
Major countries including China, India, Japan, etc. have reported an increase in the number of air travel passengers over the past few years. These trends are propelling the demand for new airports in the Asia Pacific, which will further drive the market revenue.