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Moving Walkways Market Trends

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

Moving Walkways Market Trends

Development of moving walkway with high safety feature is the primary trend creating lucrative opportunities for the moving walkway market players. For instance, latest moving walkways are equipped with many safety devices such as emergency stop button, drive chain safety device, speed governor, and more. Also, its unique slip-resistant notched design can prevent the passengers from slipping on the pallet. As a result, with a growing population of senior people in society, safety is the most important factor in the creation and adoption of accelerating pathways. These issues have substantially influenced the design, manufacturing, and development of such moving walkway.
 

Moreover, AI is transforming the automation industry with predictive maintenance, a proactive approach that identifies potential issues before they become critical problems. By analysing vast amounts of data, AI algorithms can forecast wear and tear and predict when maintenance is needed, reducing downtime, extending moving walkway lifespan, and improving safety.

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

Moving Walkways Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 541
  • Countries covered: 23
  • Pages: 340
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