Global Airport Walkway Market 2017-2021
About Airport Walkway
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.
Technavio’s analysts forecast the global Airport Walkway market to grow at a CAGR of 13.05% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global airport walkway market for 2017-2021. To calculate the market size, the report considers the revenue generated from the installation of pallet type walkway and moving belt walkway.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Airport Walkway Market 2017-2021
Technavio recognizes the following companies as the key players in the global airport walkway market: Glidepath Group, Otis Elevator, Stannah International, and ThyssenKrupp.
Other Prominent Vendors in the market are: Anlev (ATAL Group), Sumitomo Drive Technologies (Sumitomo Heavy Industries), and Toshiba.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is evolution of smart airports. With the growing adoption of new innovations in airport infrastructures and the growing investments in technology-enabled services, the concept of smart airport has been jointly proposed by the International Air Transport Association (IATA) and Airports Council International. The concept corresponds to a seamless exchange of information between airport operators, airlines, and passengers, and has the potential to increase the efficiency and profitability of the aviation stakeholders even during volatile economic conditions.”
According to the report, one of the major drivers for this market is development of energy-efficient walkways. Airports significantly provide attractive opportunities to reduce the energy consumption by optimizing the energy use in moving walkways. The magnitude of potential savings is mainly driven by the specific operating requirements that are unique to airports, such as a large number of moving walkway systems, a large number of passengers traveling on a daily basis, and increasing stakeholder pressures to adopt sustainable practices in airports. Moving walkways and motor manufacturers offer multiple energy-saving technologies for these systems.
Further, the report states that one of the major factors hindering the growth of this market is growing space constraints. Airports have become a place for high-value business, driving their aeronautical and non-aeronautical revenue. Economic accelerators, such as growing passenger traffic, have encouraged airport operators to drive their businesses with new innovative ideas. Airports are also drawing significant investments owing to the presence of aviation-related businesses. However, the terminal space at airports is one of the major constraints for the deployment of walkways, especially at brown-field airports where the airport terminal space is already saturated.
Glidepath Group, Otis Elevator, Stannah International, ThyssenKrupp, Anlev (ATAL Group), Sumitomo Drive Technologies (Sumitomo Heavy Industries), and Toshiba.
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