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Moving Walkways Market Share

Report ID: GMI10152
Published Date: Jul 2024
Report Format: PDF

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Moving Walkways Market Share

Key players involve in the moving walkways industry are Hitachi LTD, KONE Corporation, Mitsubishi Electric Corp, Schindler, and TK Elevator accounting market share of 25-30% in 2023. Manufacturers compete intensely in the moving walkway industry, which is influenced by several critical aspects such as market dynamics, innovation, and consumer satisfaction. Manufacturers compete intensely in terms of technical advances. This includes advancements in materials, automation, energy efficiency, and safety features. High-quality production procedures and consistent performance are key competitive advantages. Manufacturers utilize to establish reputations for manufacturing long-lasting, low maintenance moving walkways that meet or exceed safety regulations and customer expectations.

Moving Walkways Market Companies

Major companies operating in the moving walkways industry include:

Dazen Elevator
Delfar Elevator Co., Ltd.
Fujitec
Hitachi LTD
Hyundai Elevator Company
Johnson Lifts Private Limited
KLEEMANN
KONE Corporation
Mitsubishi Electric Corp
Otis Elevator Company
Schindler
Sicher Elevator Co., Ltd.,
Stannah
TK Elevator
Toshiba Corporation

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of moving walkways was valued at USD 4.06 billion in 2023 and is anticipated to register 4.8% CAGR between 2024 to 2032, owing to the rising urbanization and infrastructure development.

The belt type segment in the moving walkways market generated USD 3.2 billion in 2023 and is expected to reach USD 5 billion by 2032, driven by their usage at airports, retail malls and rail stations.

North America moving walkways market size generated USD 1.36 billion in 2023 and will reach USD 2.04 billion by 2032, attributed to the increasing demand for infrastructure development.

Fujitec, Hitachi LTD, Hyundai Elevator Company, Johnson Lifts Private Limited, KLEEMANN, KONE Corporation, Mitsubishi Electric Corp, Otis Elevator Company, Schindler, Sicher Elevator Co., Ltd., Stannah, TK Elevator, and Toshiba Corporation