Global Airport Walkways Strategic Industry Report 2023-2030

Dublin, August 28, 2024 (GLOBE NEWSWIRE) — The report “Airport Walkways – Global Strategic Business Report” has been added to The Offer.

The global Airport Walkways market was valued at USD 2.9 billion in 2023 and is expected to reach USD 4.1 billion by 2030, growing at a CAGR of 5.0% between 2023 and 2030. This comprehensive report offers in-depth analysis of market trends, drivers, and forecasts to help you make informed business decisions.

Technological advances have significantly improved the functionality and efficiency of airport walkways. Modern walkways are equipped with advanced motor systems that ensure smooth and reliable operation even under high passenger loads. Innovations in materials and design have led to the development of more durable and energy-efficient walkways. For example, the use of lightweight yet robust materials reduces the overall weight of the walkway, which in turn reduces energy consumption.

In addition, the integration of intelligent sensors and control systems allows for real-time monitoring and adjustment of speed and performance based on passenger flow. These systems can detect when the walkway is not being used and automatically slow down or stop to save energy. In addition, the integration of LED lighting and digital displays increases passenger safety and provides valuable information such as directions and flight updates.

What are the benefits and challenges of introducing walkways at airports?

Installing walkways at airports offers numerous benefits, but also brings certain challenges. On the benefit side, walkways significantly improve passenger comfort and mobility, especially for people with reduced mobility, the elderly and travelers with heavy luggage. By reducing walking time, they help passengers reach their gates faster, minimizing the risk of missing flights. In addition, walkways increase the overall efficiency of airport operations by facilitating the smooth flow of passengers, which helps in crowd control and reducing bottlenecks.

However, challenges include the high initial costs of installation and maintenance. To ensure the continuous and reliable operation of the walkways, regular maintenance and timely repairs are required, which can be resource-intensive. In addition, the installation of the walkways must be carefully planned to avoid disruption to airport operations and to ensure that they integrate seamlessly with the existing infrastructure.

What is driving growth in the airport walkways market?

The growth in the airport gangways market is driven by several factors reflecting technological advancements, increasing air travel and the development of airport infrastructure. A major driver is the rising global air traffic, which necessitates the expansion and modernization of airport facilities to efficiently handle more passengers. Technological advancements in materials, motor systems and intelligent control technologies are driving the market growth by providing more efficient, durable and cost-effective solutions.

The increasing focus on improving passenger experience and mobility is driving the demand for walkways as airports strive to provide a seamless and convenient travel experience. In addition, regulatory standards and accessibility requirements require the installation of walkways to ensure compliance and improve accessibility for all passengers. The trend towards smart airports, which involves the integration of IoT and data analytics, is further promoting the adoption of advanced walkway systems that can optimize passenger flow and operational efficiency.

Finally, the emphasis on sustainability and energy efficiency is driving the market as modern sidewalks are designed to be more energy efficient and environmentally friendly.

Key findings:

• Market Growth: Understand the significant growth curve of the pallet walkways segment which is expected to reach $3.2 billion by 2030 at a CAGR of 5.1%. The belt walkways segment is also expected to grow at a CAGR of 4.5% during the analysis period.
• Regional Analysis: Gain insights into the US market, valued at $789.9 million in 2023, and China, which is forecast to grow at an impressive CAGR of 4.7% per year to reach $642.8 million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and Asia Pacific.

Reporting features:

• Comprehensive market data: Independent analysis of annual sales and market forecasts in millions of US dollars from 2023 to 2030.
• Detailed Regional Analysis: Detailed insights into key markets including the US, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
• Company Profiles: Coverage of major players such as ATAL Engineering Group, Glidepath Ltd., Otis Elevator Company and more.
• Free Updates: Get free report updates for one year to stay informed of the latest market developments.

Main features:

Main topics covered:

MARKET OVERVIEW

• Insights into the influencer market
• Airport Walkways – Percentage Market Share of Major Competitors Worldwide in 2024 (D)
• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
• Global economic update

MARKET TRENDS & DRIVERS

• Increasing global air traffic increases demand for efficient solutions for passenger transport
• Technological advances in engine systems and materials drive growth
• Integration of intelligent sensors and control systems expands market potential
• Focus on improving passenger experience promotes introduction of walkways
• Increased investment in the modernization of airport infrastructure
• Using IoT and data analytics to optimize passenger flow
• LED lighting and digital displays improve safety and information dissemination
• Strategic placement of sidewalks to reduce congestion and improve efficiency
• Innovations in lightweight and robust materials for energy saving
• Introduction of walkways in indoor and outdoor airport areas
• Improved accessibility for elderly and disabled passengers

Focus on selected players(Total 42 presented)

• ATAL Engineering Group
• Glidepath Ltd.
• Otis Elevator Company
• Stannah Lifts Holdings Ltd.
• Thyssenkrupp Elevator AG
• Toshiba Johnson Elevators (India) Pvt. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/70nak6

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