Global Airport Moving Walkway System Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

This report extensively covers different segments of Global Airport Moving Walkway System Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).

Metal detectors play a crucial role in airport security, with the metal type dominating the market due to its ability to detect various metals, including ferrous, nonferrous, and stainless steel. Advancements in metal detecting technology, such as electromagnetic and pulse induction, enhance sensitivity and accuracy, enabling detectors to distinguish between harmless objects and potential threats like weapons or explosives. The increased emphasis on security measures and the rising frequency of terrorist threats drive the demand for more effective metal detecting systems in airports.

The market is further classified based on application into military and civil segments. While the commercial segment holds the majority market share, the military segment also contributes significantly due to strict security regulations and the need to safeguard troops and assets. Military-grade airport metal detectors are tailored to the specific security requirements of military locations, featuring advanced technology and enhanced detection capabilities. These detectors play a crucial role in identifying and preventing unauthorized access and potential threats in military bases, airfields, and sensitive facilities, promoting market innovation and the development of high-performance security systems.

Military operations often require the transportation of troops, equipment, and materials through airports, necessitating the use of metal detectors to ensure compliance with security regulations. Additionally, military contractors and suppliers rely on metal-detecting testing to meet security standards. Overall, the military's demand for airport metal detectors drives market growth and encourages the development of innovative security solutions tailored to the unique needs of defense applications.

Global Airport Moving Walkway System Segment Analysis

In this report, the Global Airport Moving Walkway System Market has been segmented by Type, Angle and Geography.

Global Airport Moving Walkway System Market, Segmentation by Geography

In this report, the Global Airport Moving Walkway System Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Airport Moving Walkway System Market Share (%), by Geographical Region, 2023

Asia-Pacific emerges as a prominent revenue driver, characterized by a robust compound annual growth rate (CAGR). China, in particular, plays a pivotal role in the market, boasting significant installations of airport moving walkway systems. Additionally, countries like India, Singapore, and South Korea are witnessing rapid infrastructural growth in their airports, positioning them as pivotal markets. Key players in the Asia-Pacific region, including Atal Engineering Group, Fujitec Co., Ltd., and Hyundai Elevators, are actively expanding their manufacturing capabilities to meet the rising demand. Initiatives such as Otis' establishment of a new R&D and manufacturing facility in South Korea further underscore the region's growth potential.

North America closely follows as the second-largest region, poised for substantial growth. The region benefits from a high adoption rate of advanced airport facilities and ongoing renovations of older airports. Key players like Otis and Kone dominate the US market, offering comprehensive product portfolios and after-sales services. Moreover, companies such as Mitsubishi, Schindler, and Hitachi are intensifying their efforts to enhance product offerings and sales support across North America, leveraging new contracts to strengthen their competitive positions.

Europe, serving as the third-largest region, is a hub for manufacturing and industrial activities, attracting a significant number of tourists and business travelers. Its strategic position as a transit point for flights between Asia and America highlights its importance in the global aviation network. Expansions and new constructions in European airports signify a growing demand for enhanced passenger facilities, driving the growth of the airport moving walkway systems market. These developments reflect airports' efforts to improve passenger experience and operational efficiency to accommodate increasing traffic volumes.

This report provides an in depth analysis of various factors that impact the dynamics of Global Airport Moving Walkway System Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunities

Drivers:

• Growing Demand for Moving Walkways

• Expansion Initiatives Driving Demand: The global aviation sector is witnessing a significant surge in airport expansion projects, driven by the pressing need to increase capacity and accommodate the growing number of air travelers. Governments worldwide are allocating substantial budgets for airport investments, with an estimated total investment ranging from $85 to $90 billion. The Asia-Pacific region is poised to attract the majority of these investments, reflecting the region's status as a key hub for air travel.

  As part of these expansion initiatives, major airports are undergoing significant upgrades and construction of new terminals to enhance operational efficiency and passenger experience. For instance, Singapore Changi Airport is expanding with the addition of a fifth new terminal, which is slated to open in the mid-2020s. This new terminal is expected to cater to around 50 million passengers annually, addressing the increasing demand for air travel in the region.

  Airports like Suvarnabhumi Airport in Thailand are undergoing phased expansions to accommodate growing passenger traffic. The second phase of expansion at Suvarnabhumi Airport is set to be completed by November 2020, further bolstering its capacity to serve the rising number of travelers. These expansion projects underscore the critical role of moving walkways in modern airport infrastructure, as they facilitate efficient passenger transit within terminals and contribute to overall operational efficiency.

Restraints:

• Operational Disruptions
• Space Constraints
• Regulatory Compliance

• Financial Challenges Associated with Implementation and Maintenance: As energy consumption remains a significant concern for moving walkway systems, companies are increasingly focusing on providing energy-efficient solutions to mitigate operating costs. For instance, Schindler offers inclined and horizontal walkways equipped with efficient drive systems, intelligent power management, and sustainable materials to reduce energy consumption. These advancements not only contribute to cost savings but also align with sustainability goals by minimizing environmental impact.

  One of the key contributors to energy consumption in moving walkways is the motor, highlighting the importance of motor efficiency in reducing overall energy usage. Companies are investing in the development of low-cost, high-efficiency motors, such as IE2, IE3, and IE4 motors, to enhance the energy efficiency of moving walkway systems. By incorporating these motors, manufacturers aim to improve the performance and sustainability of moving walkways, driving their adoption in airports and other transit hubs.

  Initiatives such as the US Environmental Protection Agency's exploration of an ENERGY STAR specification for moving walkways underscore the industry's commitment to enhancing energy efficiency. By establishing standards and guidelines to promote energy-efficient technologies, stakeholders aim to accelerate the adoption of eco-friendly moving walkway systems, fostering market growth and sustainability in the long term.

Opportunities:

• Rising Passenger Expectations
• Focus on Sustainability
• Emerging Markets

• Energy Efficiency Initiatives: The substantial upfront cost of installation poses a significant barrier to the adoption of moving walkways, particularly in developing regions like Asia, Latin America, and Africa. This cost is influenced by various factors, including the distance covered, vertical rise, materials used for truss cladding, and the quality of motors employed. Consequently, the overall expense of implementing moving walkways can be prohibitively high for many airports, limiting their widespread adoption.

  The maintenance requirements of moving walkway systems contribute to ongoing operational expenses. Maintenance tasks typically include cleaning components, adjusting worn items such as chains, belts, handrails, drives, and brakes, and replacing damaged or worn-out parts like electrical components, belts, chains, brakes, rollers, and handrails. Lubrication of critical components like gearboxes, bearings, bushings, and chains is also necessary to ensure smooth operation. The frequency of maintenance depends on factors such as usage and environmental conditions, further adding to the overall cost of ownership.

  Given these considerations, airports must carefully evaluate the potential benefits of installing moving walkways against the associated costs. If the installation does not significantly enhance airport operations or passenger experience, airports may opt to forego the investment to conserve capital or allocate resources elsewhere. These factors collectively present challenges to market growth by creating barriers to adoption and limiting opportunities for expansion.

Key players in Global Airport Moving Walkway System Market include

• Analogue Holdings Limited (ATAL Engineering Group)
• Fujitec Co., Ltd.
• Thyssenkrupp AG
• Hitachi, Ltd.
• Hyundai Elevator Co., Ltd.
• Kone Corporation
• Mitsubishi Electric Corporation
• United Technologies

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis