Global Airport Walkway Market Predicted to Grow at a CAGR of 13.05% during the period 2017-2021

(I-TravelNewswire.Com, May 22, 2017 ) A moving walkway, also known as travelator, or horizontal escalator is a moving conveyor mechanism machine that transports people, across a horizontal or inclined plane, over a distance. Moving walkways can be used either by walking or standing on them.

Technavios analysts forecast the global Airport Walkway market to grow at a CAGR of 13.05% during the period 2017-2021.

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.

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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.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Airport Walkway Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Glidepath Group

Otis Elevator

Stannah International

Thyssenkrupp

Other prominent vendors

Anlev (ATAL Group)

Sumitomo Drive Technologies (Sumitomo Heavy Industries)

Toshiba

Market driver

Development of energy-efficient walkways

For a full, detailed list, view our report

Market challenge

Growing space constraints

For a full, detailed list, view our report

Market trend

Evolution of smart airports

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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