Global Airport Walkway Market 2017-2021

Overview of the global airport walkway market

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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Technavio's industry research report titled, Global Airport Walkway Market, will help you-

• Identify latent opportunities and explorative solutions in the airport walkway market
• Identify your key competition, and what's making them tick?
• Build a comprehensive marketing plan, applicable across 50+ global markets 

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Competitive analysis and key vendors

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:

• Glidepath Group
• Otis Elevator
• Stannah International
• thyssenkrupp

Other prominent vendors include Anlev (ATAL Group), Sumitomo Drive Technologies (Sumitomo Heavy Industries), and Toshiba.

Segmentation by surface type and analysis of the airport walkway market

• Moving belt walkway
• Pallet type moving walkaway

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.

Segmentation by inclination angle and analysis of the airport walkway market

• Horizontal moving walkway
• Inclined moving walkway

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global airport walkway market?
• What are the key market trends impacting the growth of the global airport walkway market?
• What are the challenges to market growth?
• Who are the key vendors in the global airport walkway market?
• What are the market opportunities and threats faced by the vendors in the global airport walkway market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global airport walkway market?

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