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UNITED STATES AIRPORT MOVING WALKWAY SYSTEMS MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

United States 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 United States airport moving walkway systems market is set to grow with a CAGR of 4.90% during the forecasted period, 2024 to 2032, capturing a revenue share of $974.68 million by 2032.

The United States stands as a prominent market for airport moving walkway systems, marked by a robust demand for branded, technologically advanced, and high-quality solutions. The growth of the market in the United States can be attributed to various factors, including the preference for established brands and the loyalty factor that significantly influences the purchasing decisions within the industry.

United States Airport Moving Walkway Systems Market

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Contractor professionals in the United States exhibit a strong inclination towards trusted brands, with United Technologies (Otis), Kone, and others being preferred choices. These brands, manufactured domestically, have garnered substantial market presence over an extended period, fostering a sense of reliability and trust among customers. This brand loyalty is a crucial driver for the consistent demand for moving walkway systems in the country.

Furthermore, strategic moves by key players contribute significantly to the expansion of the airport moving walkway system market in the United States. A notable example is Thyssenkrupp, a key player in the industry, bolstered its presence in the country market through the acquisition of two companies—O’keefe Elevator Company and Nashville Machine Elevator. This strategic expansion maneuver not only broadened Thyssenkrupp’s footprint in the United States but also positioned the brand as a formidable player in the airport moving walkway systems segment.

The United States airport moving walkway systems market is segmented into business type, type, and angle. The business type segment includes a new installation, modernization, and maintenance. The new installation segment in the airport moving walkway systems market represents a dynamic and crucial aspect of the industry, reflecting the continuous evolution and expansion of airport infrastructure worldwide. As airports undergo expansions, renovations, and upgrades to meet the escalating demands of air travel, the demand for new installations of moving walkway systems has gained prominence. Large international airports form a significant portion of this segment, driven by the need to efficiently handle massive passenger volumes. The emphasis here is on cutting-edge technology, high capacity, and seamless integration into expansive terminals. These installations are tailored to enhance the passenger experience, reduce walking times, and address the complexities of large and intricate airport layouts. As airports worldwide strive to enhance efficiency, passenger experience, and safety, this segment reflects the strategic investment in cutting-edge transportation solutions that define the future of airport infrastructure.

The modernization of the airport moving walkway systems market signifies a pivotal shift in response to technological advancements, evolving passenger expectations, and the imperative for sustainable and efficient transportation solutions within airport infrastructures. The trend towards customization and modularity is another facet of modernization. Airports seek flexible solutions that can be tailored to their specific layout requirements and passenger flow patterns. Modern moving walkway systems are designed with interchangeable components, allowing for efficient adaptation to evolving infrastructural needs without extensive modifications. Furthermore, modernization efforts extend to improving the overall passenger experience. Moving walkway systems are designed with a focus on comfort, aesthetics, and intuitive navigation. Interactive displays, wayfinding technologies, and integration with mobile apps enhance the overall journey for passengers within airport terminals.

Some of the top companies operating in the United States airport moving walkway systems market include Fujitec Co Ltd, Hitachi Ltd, United Technologies (Otis), etc.

United Technologies (Otis), headquartered in the United States is a manufacturer of various products in commercial aerospace, building industry, and defense. It has subsidiaries like Otis, Carrier, Collins Aerospace, and Pratt & Whitney. United Technologies provides elevators, escalators, and moving walks under the brand name Otis. It offers its service to malls, airports, and other commercial and public infrastructures. Otis has a presence all over the global market.

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 AnalyzedUnited States
Companies AnalyzedFujitec Co Ltd, Hitachi Ltd, Hyundai Elevator Co Ltd, KONE Corporation, Mitsubishi Electric Corporation, Schindler, Thyssenkrupp AG, United Technologies (Otis)

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 – THE UNITED STATES
    3. COUNTRY ANALYSIS – THE UNITED STATES
    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 – THE UNITED STATES
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. GROWTH PROSPECT MAPPING – THE UNITED STATES
    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. HYUNDAI ELEVATOR CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      4. KONE CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      5. MITSUBISHI ELECTRIC CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      6. SCHINDLER
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      7. THYSSENKRUPP AG
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      8. UNITED TECHNOLOGIES (OTIS)
        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 – THE UNITED STATES

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

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

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

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

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

TABLE 8: UNITED STATES 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 – THE UNITED STATES

FIGURE 6: MARKET CONCENTRATION ANALYSIS

FIGURE 7: VALUE CHAIN ANALYSIS

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

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

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

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

FIGURE 12: UNITED STATES AIRPORT MOVING WALKWAY SYSTEMS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2023

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

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

FIGURE 15: UNITED STATES AIRPORT MOVING WALKWAY SYSTEMS MARKET, GROWTH POTENTIAL, BY ANGLE, IN 2023

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

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

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