The Global Moving Walkways Market size is projected to grow at a CAGR of 7.7% during the forecast period from 2021-2028. The industry has been witnessing high demand for moving walkways in various markets across the globe owing to factors such as growing population, increasing infrastructure development, and rising number of airports resulting in increased passenger traffic.
Moving walkways are a transportation system that allows people to stand on an elevated conveyor belt and be moved at the same speed as the conveyer. A moving walkway can also be defined as a mobile flat surface, which is used for walking or standing over short distances instead of using a staircase. It is a generally horizontal or nearly horizontal device that moves continuously in one direction allowing especially pedestrians to move from place to place with less effort than stairs require.
On the basis of Type, the global moving walkways market is segmented into Parallel, Multi-parallel, and Others.
Parallel moving walkways are similar in construction to traditional escalators. They can be built at the same height as an escalator, or they may be located underneath an escalator. As with other types of moving walkway systems, parallel walking belt type conveyors consist of endless belts driven by chains that run over two sprockets mounted on either side of the line where people will stand or walk. The use of this technology is usually limited to medium-duty applications such as those found in airports and department stores due to their weight-bearing limitations and low speeds (usually not more than 0.30 meters per second).
Multi-parallel moving walkways are a combination of two or more parallel walkway lanes that operate in opposite directions, allowing the user to move from one point to another. The platform is 120cm wide, which allows passengers to safely stand side by side as they travel at different speeds on each half of the belt; one side can move at 0.75m/s and the other at 0.60m/s, for example. Multi-parallel moving walkways are used mostly in airports to connect terminals.
On the basis of Application, the global moving walkways market is segmented into Public Transportations, Airports, Retail, Institutional Others.
On the basis of Region, the global moving walkways market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America will continue to remain the largest market for moving walkways during the forecast period (2019-2028). Growing demand towards comfort traveling on airports has pushed this region ahead of all other regions. However; APAC is expected to be the fastest-growing regional segment due to factors like an increasing number of passengers per airport and focus toward modernization initiatives. Moreover, Europe also plays a crucial role in the world trade scenario with its robust economy that boosting demand for global moving walkways, therefore, increasing their production worldwide. A developing economy such as Latin America is in need of more sustainable and efficient modes of transportation. A moving walkway can be a great solution for public transit, airports, and other locations that require long-distance movement by foot.
There are many factors that contribute to the growth of the global moving walkways market. Some of them are the increasing number of airports, growing demand for automated transport systems in the retail sector, and rising demand from end-users such as hospitals, etc. Furthermore, major driving factors of the global moving walkway market are an increase in the pace of urbanization and a rise in public transport systems. This factor will augment demand for parallel type walkways as they provide better throughput than multi-parallel types which reduces overall waiting time at airports to 20 seconds per passenger.
Up Market Research published a new report titled “Moving Walkways Market research report which is segmented by Types (Parallel, Multi-parallel, Others), By Applications (Public Transit, Airports, Retail, Insitiutional, Others), By Players/Companies KONE Corporation, Otis Elevator Company, Schindler, Mitsubishi Electric Corp., Fujitec, Thyssenkrupp AG, Hitachi LTD, Hyundai Elevator Company, Toshiba Corporation, Sigma Elevator Company, Stannah, Sicher Elevator Co., Ltd., Kleemann Hellas SA, Stein Ltd, Gulf Elevator & Escalator Co. Ltd.”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
| Report Attributes | Report Details |
| Report Title | Moving Walkways Market Research Report |
| By Type | Parallel, Multi-parallel, Others |
| By Application | Public Transit, Airports, Retail, Insitiutional, Others |
| By Companies | KONE Corporation, Otis Elevator Company, Schindler, Mitsubishi Electric Corp., Fujitec, Thyssenkrupp AG, Hitachi LTD, Hyundai Elevator Company, Toshiba Corporation, Sigma Elevator Company, Stannah, Sicher Elevator Co., Ltd., Kleemann Hellas SA, Stein Ltd, Gulf Elevator & Escalator Co. Ltd. |
| Regions Covered | North America, Europe, APAC, Latin America, MEA |
| Base Year | 2020 |
| Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
| Forecast Year | 2028 |
| Number of Pages | 216 |
| Number of Tables & Figures | 152 |
| Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Parallel, Multi-parallel, Others and By Application Public Transit, Airports, Retail, Insitiutional, Others.
Some of the companies that are profiled in this report are:
Moving Walkways Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Moving Walkways Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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