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SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Saudi Arabia Airport Moving Walkway Systems Market by Business Type (New Installation, Modernization, Maintenance) Market by Type (Belt Type, Pallet Type) Market by Angle (Horizontal Angle, Inclined Angle)


MARKET OVERVIEW

The Saudi Arabia airport moving walkway systems market is set to grow with a CAGR of 4.64% during the forecasted period, 2024 to 2032, capturing a revenue share of $62.13 million by 2032.

Saudi Arabia airport moving walkway systems market is experiencing a surge in demand driven by the country’s ambitious economic and infrastructure development plans. As part of the Vision 2030 initiative, there is a significant focus on diversifying the economy and enhancing the quality of public spaces, leading to an increased need for advanced passenger transportation solutions. Several airports in Saudi Arabia have recognized the importance of airport moving walkway systems in providing efficient and seamless passenger transit. Examples include King Fahd International Airport in Dammam and Prince Mohammad bin Abdulaziz International Airport in Medina. The successful implementation of these systems in major airports underscores their role in elevating the overall passenger experience and supporting the modernization goals of the country.

Saudi Arabia Airport Moving Walkway Systems Market

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The future outlook for the airport moving walkway systems market in Saudi Arabia remains promising. With ongoing and planned infrastructure projects, including the development of the Red Sea Project and NEOM, there is a continued need for advanced transportation solutions. Moving walkway systems are expected to play a vital role in supporting the connectivity and accessibility goals of these ambitious projects.

The Saudi Arabia airport moving walkway systems market is segmented into business type, type, and angle. The business type segment includes new installation, modernization, and maintenance. Maintenance is a critical component of ensuring the reliable and efficient performance of the airport moving walkway systems market. As airports strive to provide seamless passenger experiences and optimize operational efficiency, regular and proactive maintenance becomes paramount in sustaining the functionality and longevity of these systems. Post-installation, manufacturers and service providers offer comprehensive maintenance services tailored to the unique demands of moving walkway systems. This includes routine inspections, preventive measures, and responsive actions to address any issues promptly. The goal is to minimize downtime, ensure uninterrupted service for passengers, and prevent disruptions in airport operations.

Scheduled maintenance routines involve thorough checks of key components, such as motors, belts, sensors, and control systems. Regular lubrication, cleaning, and adjustments are performed to prevent wear and tear, maintain optimal performance, and extend the lifespan of the moving walkway systems. These maintenance practices contribute to cost-effectiveness by reducing the likelihood of major breakdowns and the need for extensive repairs. Proactive maintenance also encompasses the integration of advanced technologies. IoT-enabled sensors monitor the performance of moving walkway systems in real time, providing valuable data for predictive maintenance. This data-driven approach allows for the identification of potential issues before they escalate, enabling timely intervention and minimizing disruptions. Predictive maintenance not only enhances the reliability of the systems but also contributes to overall operational efficiency and cost savings.

Some of the top companies operating in the Saudi Arabia airport moving walkway systems market include Fujitec Co Ltd, Hitachi Ltd, KONE Corporation, etc.

KONE Corporation, headquartered in Finland, is a leading manufacturer of elevators, escalators, moving walkways, and automatic doors. It manufactures a wide range of products for its customers in various industries. It also offers maintenance and modernization to add value to the infrastructure. Moving walkways or auto walks are produced considering their application in airports, malls, and commercial & public infrastructures. Kone’s ability to develop and integrate advanced technologies into its products, such as smart connectivity features and energy-efficient solutions, enhances its competitiveness and attracts clients seeking state-of-the-art moving walkway systems. The global network also contributes to Kone’s brand recognition and enhances its ability to secure and execute projects on a global scale.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Business Type, Type, and Angle
Countries AnalyzedSaudi Arabia
Companies AnalyzedFujitec Co Ltd, Hitachi Ltd, KONE Corporation, Mitsubishi Electric Corporation, Schindler, Thyssenkrupp AG
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT – SAUDI ARABIA
    3. COUNTRY ANALYSIS – SAUDI ARABIA
    4. SCOPE OF STUDY
    5. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON THE AIRPORT MOVING WALKWAY SYSTEMS MARKET
    6. MAJOR MARKET FINDINGS
      1. RAPID URBANIZATION DRIVING AIRPORT EXPANSION
      2. MANUFACTURERS ARE INCORPORATING ADVANCED FEATURES TO ENHANCE SYSTEM PERFORMANCE
      3. INCREASED COLLABORATIONS AND PARTNERSHIPS
      4. FOCUS ON SUSTAINABLE SOLUTIONS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. THE RISE IN AIR TRAVEL DUE TO ECONOMIC GROWTH AND GLOBALIZATION
      2. ONGOING AIRPORT INFRASTRUCTURE DEVELOPMENT PROJECTS
      3. AIRPORTS ARE INCREASINGLY FOCUSING ON ENHANCING THE OVERALL PASSENGER EXPERIENCE
    2. KEY RESTRAINTS
      1. THE COST OF INTEGRATING THESE SYSTEMS INTO EXISTING AIRPORT INFRASTRUCTURE CAN BE A RESTRAINT
      2. RETROFITTING EXISTING STRUCTURES MAY NOT BE FEASIBLE
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. INTEGRATION OF IOT (INTERNET OF THINGS)
      2. SMART CONNECTIVITY
      3. TOUCHLESS TECHNOLOGIES
      4. ENERGY-EFFICIENT DESIGNS
      5. MODULAR AND CUSTOMIZABLE SOLUTIONS
    2. PESTLE ANALYSIS – SAUDI ARABIA
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. GROWTH PROSPECT MAPPING – SAUDI ARABIA
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
  5. MARKET BY BUSINESS TYPE
    1. NEW INSTALLATION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. MODERNIZATION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. MAINTENANCE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY TYPE
    1. BELT TYPE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. PALLET TYPE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY ANGLE
    1. HORIZONTAL ANGLE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. INCLINED ANGLE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. FUJITEC CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      2. HITACHI LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      3. KONE CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      4. MITSUBISHI ELECTRIC CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      5. SCHINDLER
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      6. THYSSENKRUPP AG
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – AIRPORT MOVING WALKWAY SYSTEMS

TABLE 2: COUNTRY SNAPSHOT – SAUDI ARABIA

TABLE 3: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, BY BUSINESS TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 4: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, BY BUSINESS TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 5: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, BY TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 7: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, BY ANGLE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, BY ANGLE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 9: LIST OF MERGERS & ACQUISITIONS

TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 12: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: MAJOR MARKET FINDINGS

FIGURE 2: MARKET DYNAMICS

FIGURE 3: KEY MARKET TRENDS

FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

FIGURE 5: GROWTH PROSPECT MAPPING – SAUDI ARABIA

FIGURE 6: MARKET CONCENTRATION ANALYSIS

FIGURE 7: VALUE CHAIN ANALYSIS

FIGURE 8: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, GROWTH POTENTIAL, BY BUSINESS TYPE, IN 2023

FIGURE 9: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, BY NEW INSTALLATION, 2024-2032 (IN $ MILLION)

FIGURE 10: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, BY MODERNIZATION, 2024-2032 (IN $ MILLION)

FIGURE 11: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, BY MAINTENANCE, 2024-2032 (IN $ MILLION)

FIGURE 12: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2023

FIGURE 13: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, BY BELT TYPE, 2024-2032 (IN $ MILLION)

FIGURE 14: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, BY PALLET TYPE, 2024-2032 (IN $ MILLION)

FIGURE 15: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, GROWTH POTENTIAL, BY ANGLE, IN 2023

FIGURE 16: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, BY HORIZONTAL ANGLE, 2024-2032 (IN $ MILLION)

FIGURE 17: SAUDI ARABIA AIRPORT MOVING WALKWAY SYSTEMS MARKET, BY INCLINED ANGLE, 2024-2032 (IN $ MILLION)

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