Heightened investments in the construction and infrastructure sector are anticipated to spur the moving walkways market growth over the forecast period. Proliferating construction in airports for long, as well as short-haul flights, is driving demand for moving walkways. Further, airport moving walkways are poised to hold a prominent market share owing to its easy operability vis-a-vis that of constant moving walkways. These moving walkways variants reduce the time of passengers at the airport terminals owing to high speed vis-a-vis conventional moving walkways. These products have acceleration and deceleration stages that gives passengers flexibility at the start and end point of the auto walks. Fact.MR projects that the global moving walkways market is anticipated to grow at a value CAGR of 4.5% during the forecast period.
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The development of smart cities and buildings, where moving walkways are witnessing rampant adoption in subway systems is propelling the growth of the market. The development of smart cities, that have AI & IoT (Artificial Intelligence & Internet of Things) integration, is broadening the scope for moving walkways. An increasing number of shopping malls and shopping complexes are also fueling the demand for moving walkways. Installation of moving walkways in exhibition halls and art galleries, where viewers can view the exhibition by standing over the moving walkways is a growing trend for commercial moving walkways.
Key Takeaways of Global Moving Walkways Market
- Airport moving walkway is estimated to create an absolute $ opportunity of around US$ 500 Mn during the forecast period and is estimated to account for 65% of the overall value opportunity in the global market by the end of 2029
- Horizontal moving walkways are projected to grow at a value CAGR of 3.1%, owing to an increase in the construction of new airports and redevelopment of existing airports
- Asia Pacific is foreseen to maintain its hegemony during the assessment period, accounting for more than 40% of the share in the global market
- Moving walkways are estimated to create an absolute $ opportunity of around US$ 1 Bn by the end of forecast duration
Moving Walkways Demand Outlook and Assessment
The study tracks Moving Walkways adoption across the globe, with a detailed analysis on the drivers, restraints, opportunities, and threats for existing players as well as new companies. The key growth factors have been analyzed in detail in the study.
In addition to the key growth factors, the study also offers analysis on the key challenges Moving Walkways companies are likely to face during the assessment period. The restraints vary across countries, and Moving Walkways players often face challenges with lack of standardization, regulation, taxes, and polity.
The study also includes detailed chapters on the key opportunities for Moving Walkways Market players. As COVID-19 has led to a host of challenges, Moving Walkways organizations are focusing on addressing white spaces and working on the opportunities.
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Key Moving Walkways Market Segments
By Installation, the key segments include,
By application, the key segments include
- Public Transit
The Fact.MR study profiles the business, product and other key strategies of the leading Moving Walkways companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use.
Key Regions Analyzed
- North America
- Latin America
- Middle East & Africa
Key Country-wise Inclusions
- US Moving Walkways Market
- Canada Moving Walkways Sales
- Germany Moving Walkways Production
- UK Moving Walkways Industry
- France Moving Walkways Market
- Spain Moving Walkways Supply-Demand
- Italy Moving Walkways Outlook
- Russia & CIS Market Analysis
- China Moving Walkways Market Intelligence
- India Moving Walkways Demand Assessment
- Japan Moving Walkways Supply Assessment
- ASEAN Moving Walkways Market Scenario
- Brazil Moving Walkways Sales Analysis
- Mexico Moving Walkways Sales Intelligence
- GCC Moving Walkways Market Assessment
- South Africa Moving Walkways Market Outlook
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