Airport Moving Walkways Market to Register 3.4% CAGR by 2026

Airport moving walkways market size is touted to cross the USD 2.7 billion mark by 2026.New airport construction and expansion activities are on the rise, which will positively impact sales of moving walkways.The airport moving walkaways industry is at a nascent stage in developing countries , Which Will Provide Immense Scope For Business Expansion To Travellator Manufacturers Moreover, Introduction Of Advanced Technologies, Such As ACCEL For Minimizing Passenger Congestion At Busy Airports Will Complement Industry Growth
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Airport moving walkways market is likely to gain remarkable traction on account of rise in number of air travel passengers along with increasing focus on traveler comfort and convenience.Airport
moving walkways or travellators are trending in airports owing to their key advantages of passenger comfort and time saving .Although moving walkways have been functional since decades, it is of late that they are gaining prominence.

Major investments directed towards airport improvement projects and construction of new airports will be supplementing airport moving walkways market share through 2026.Developing countries, including India, China, Japan, etc. are likely to exhibit a substantial hike in budget allocation for the development of airport infrastructure by 2022.For instance, ACV (Airports Corp. of Vietnam) is planning to invest around USD 14.7 billion for the construction of new passenger terminals and runways in coming

years.Also, China proposed to expand commercial airports in the country to around 260 till 2020, which will further go up in number by 2040.These developments will further fuel airport moving walkways demand over the projected timeframe.

Type-wise, pallet type airport moving walkways are expected to account for over USD 2.3 billion by 2026

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 owing to increasing product Usage as a transportation medium at airports.These walkways do not require system replacement in case of breakage of pallets, unlike belt-type walkways.Growing need to reduce travelers time between terminals at the airports will bolster product adoption rate.

Growing adoption of horizontal travellators will contribute substantially to the overall industry share through 2026.Millions of people travel every day and transfer these people from one place to another at airports is a huge task.This may create a conducive environment for auto walks market expansion in upcoming

years.In terms of speed, accelerating moving walkways are forecast to showcase growth rate of 3.5% over the analysis period.The walkways function at a relatively higher speed as compared to constant walkways.Accelrating moving walkways aid in achieving shorter passenger transfer time at airport terminals and also enable flexibility of transit at travellators.

Europe airport moving walkways market is likely to gain major traction owing to rise in number of foreign tourists and consequent rise in air passenger traffic in the region.In 2016, Europe recorded an influx of more than 80 million tourists and the number is likely to go In Future.Rising Government Up Spending On Construction Of New Airports, As Well As Expansion And Refurbishment Of Existing Airports, Will Further Provide Opportunities To Product Manufacturers Across The Region.

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 Key participants contributing towards airport moving walkways market growth include Kone Corporation, Hitachi, Schindler Group, Thyssenkrupp AG, and Otis Elevator.