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Technavio’s market research report predicts that the global airport walkway market will grow at a CAGR of above 13% during the forecast period. The development of energy-efficient walkways is one of the primary drivers for market growth. Airports significantly offer ways to lessen the energy consumption by optimizing the energy use in moving walkways. It has been observed that moving walkways and escalators account for about 4%-5% of the electric energy used in airports. Moreover, moving walkways utilize energy based on the run time and the number of occupants using them at a given time. The improvement in the energy efficiency of walkways in the airports are mainly subjected to the current installation and the existent energy-saving technologies. One of the major manufacturers, thyssenkrupp, developed a high-speed and high-capacity moving walkway utilizing the maglev technology known as ACCEL. This model consists of a belt that starts at normal walking speeds and accelerates up to 7.5 mph. As passengers reach the other end of the moving walkway, the belt lowers the speed back to the normal moving walkway speeds.
In terms of geography, the Americas led the airport walkway market during 2016. However, APAC is foreseen to lead the market during the forecast period and this mainly attributes to the rising demand for air travel, the increasing number of airports, and growing investments toward moving walkways in the region. Countries such as Singapore, India, Hong Kong, China, and Japan will be the major revenue contributors to the market in this region.
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The airport walkway market is largely competitive and the vendor competition is mainly based on factors such as product quality, reliability, cost, and aftermarket service. The growth of the market is highly reliant on factors such as market conditions, government support, and industry development and key companies concentrate on the implementation of lightweight materials, electric technologies, and robust systems. Moreover, to sustain and succeed in this competitive market, it becomes imperative for the vendors to offer high-quality and cost-effective moving walkways with new technologies and materials.
Key vendors in the market are:
Other prominent vendors include Anlev (ATAL Group), Sumitomo Drive Technologies (Sumitomo Heavy Industries), and Toshiba.
During 2016, the moving belt walkways dominated the surface type segment of the airport walkway market and is expected to continue its dominance over the next four years. The growing number of airport privatizations that lead to a rise in the installation and maintenance of moving belt walkways will be the major factor driving the growth of this market segment.
The horizontal moving walkway led the airport walkway market during 2016 and will continue its market dominance during the forecast period as well. Factors such as the growing passenger traffic, rise in number of airport expansion programs to accommodate passengers, and the need to increase the comfort level of passengers, will drive the growth of this market segment in the coming years.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by surface type
PART 07: Market segmentation by inclination angle
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Appendix
Tags: airport terminal, airport operations, aviation services, aviation maintenance, aviation management, airport walkway market share, aerospace and defense top companies,
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