Global Transportation Turnstiles Market 2019-2023

Some of the key findings from our transportation turnstiles market forecast report are summarized below

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Global transportation turnstiles industry outlook

Although the airline industry is facing the challenge of high jet fuel prices since 2016, the growth in the number of air passengers is offsetting this rise in fuel prices. The revenue generated from air passengers increased by USD 36 billion in 2017. During the next five years, the global air passenger traffic is expected to grow at a CAGR of around 4%. Some of the major factors responsible for the growth in air passengers is the rising global working population and the growing middle-class population in emerging countries. Several regional airlines are offering low fare services, seasonal discounts and frequent flyer discounts to increase their customer base.  

Moreover, the growth of the tourism and recreational industry, and the time advantage of airlines over other modes of transportation is contributing to the growth of global air passenger traffic. With the increase in the number of air passengers, the demand for transportation turnstiles is also expected to increase. Passenger queuing can be reduced, and the increasing passenger traffic can be easily handled by using self-boarding turnstiles at airports. These turnstiles can also reduce the overall operating cost by eliminating the need for ground handling staffs. Thus, the growth in global air passenger traffic is driving transportation turnstiles market growth at a CAGR of almost 7% during the forecast period.

Top transportation turnstile companies covered in this report

The global transportation turnstiles market is highly concentrated with the presence of few established companies offering tripod turnstiles, metro bi-parting turnstiles, rotating turnstiles, motor-driven turnstiles, and electro-mechanical turnstiles. The market is in the growth phase and the level of competition will remain the same throughout the next five years. To help clients improve their revenue shares in this market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this transportation turnstiles market analysis report suggests strategies companies can follow and recommends key areas they should focus on, in order to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

• Gunnebo
• Mikroelektronika
• Turnstar Systems
• Wanzl Metallwarenfabrik

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Transportation turnstiles market segmentation based on application

• Metro station
• Airport
• Bus station

The metro station segment accounted for the largest transportation turnstiles market share in 2018. This segment will continue to increase its market share and remain the market leader throughout the next five years.

Transportation turnstiles market segmentation based on geographic region

• Americas
• APAC
• EMEA

The EMEA region dominated the transportation turnstiles market with a market share of over 41% in 2018. This region will be the highest revenue generator and continue to dominate the market for the next five years.

Key highlights of the global transportation turnstiles market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the transportation turnstiles market during the next five years
• Precise estimation of the global transportation turnstiles market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the transportation turnstiles industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of transportation turnstile companies

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