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Airport Moving Walkways Market Share

Report ID: GMI4566
Published Date: Feb 2020
Report Format: PDF

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Airport Moving Walkways Market Share

Key participants in the airport moving walkways market includes

Kone Corporation
Otis Elevator Company
Schindler Group
Thyssenkrupp AG
Hitachi
Hyundai Elevator Company
Mitsubishi Electric

These players use different strategies including acquisitions, expansion, product development, etc. to remain competitive in the market. Furthermore, the industry is at nascent stage and is dominated by very few players owing to high operational and production cost involved.

Major companies have also received airport expansion and improvement contracts from various airports across the world in the past, which will further drive the market demand in near future. For instance, Schindler completed an installation of 62 moving walkways at Daxing International Airports (China) in 2019, which will further lessen the passenger travel time in near future.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The market size of airport moving walkways was surpassed USD 2 billion in 2019.

The industry share of airport moving walkways is estimated to exhibit growth of over 3% from 2019 to 2026.

Asia Pacific will account for more than 40% of the global market share through 2026 due to increasing focus towards building new airports and airport improvement projects across the region.

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.

Key industry participants include Kone Corporation, Otis Elevator Company, Schindler Group, Thyssenkrupp AG, Hitachi, Hyundai Elevator Company, Mitsubishi Electric, etc.