Airport Moving Walkways Market 2020 | Industry Developments, Outlook, Current Trends by 2026

Airport Moving Walkways Market 2020 | Industry Developments, Outlook, Current Trends by 2026

eTurboNews Syndication:

Selbyville, Delaware, United States, September 16 2020 (Wiredrelease) Global Market Insights, Inc –:There has been an exponential rise in air passenger traffic over the years owing to the ability of the consumers to travel within the nation or across borders for education, business, leisure, and medical purposes. Due to the increase in the number of passengers, the governments along with certain private enterprises have invested in the construction of new airports and airport revamp projects.

Emerging nations like China, Japan, and India have significantly invested towards the development of airport infrastructure over the years. In February 2020, the Government of India announced that 100 additional airports are expected to be developed in the country by the end of 2024. Placed under Mission Udan, the government has allocated US$23.7 billion towards the construction of the same. The Indian government expects to witness an increase in air fleet from 600 to 1200 by the end of 2024.

Request a sample copy of this research report: https://www.gminsights.com/request-sample/detail/4566

According to a recent study report, the airport moving walkways market size is was expected to cross US$2.7 billion by the end of 2026 globally, in terms of yearly revenues. Mentioned below are some the integral factors supporting the industry forecast in the coming years.

Pallet type airport moving walkways

Pallet type airport moving walkways have witnessed considerable adoption due to the product’s use as a key transportation solution at airports. Unlike belt-type walkways, pallet type does not require the whole system to be replaced in case of a pallet breaking. Additionally, the rising need to reduce passenger travel time across terminals at the airports has furthermore supplemented the demand for the product.

High passenger traffic in Europe

In terms of the geographical expanse, Europe airport moving walkways industry can emerge as a profitable revenue source due to the high foreign tourist traffic along with the increasing air traffic in the region. In the year 2016, Europe witnessed more than 80 million tourists.

Although the coronavirus outbreak will hamper the tourism sector in the region significantly, foreign visits can be expected to rise as the global pandemic slowly subsides. The governments have heavily invested towards the construction of new airports and the expansion of existing ones to meet the demands of the growing air traffic and providing a major opportunity to the product manufacturers over the years.

Request for customization: https://www.gminsights.com/roc/4566

Latest eTN Podcast

Demand for horizontal travelators

Growing demand to transfer people from one place to another at airports along the same plane has driven the adoption of horizontal travelators across airports worldwide. Accelerating moving walkways have gained traction due to theii benefit of higher speed as compared to constant autowalks. The product helps in achieving shorter passenger transfer time at airport terminals and facilitates a huge amount of flexibility during transit.

Manufacturers to carry out product innovations

Some of the prominent airport moving walkway companies include Hitachi, Schindler Group, Otis Elevator, and Kone Corporation among various others. The industry players are constantly working towards carrying out innovations in the product to meet the changing customer needs.

Finnish engineering co. – KONE InnoTrack is a novel autowalk solution that does not require a pit. It allows adjustable length, easy installation in any type of infrastructure as well as a wide customization option.

Table of contents for this research [email protected]  https://www.gminsights.com/toc/detail/airport-moving-walkways-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone:1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Web: www.gminsights.com/

This content has been published by Global Market Insights, Inc company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at [email protected].

This press release has not been edited by eTurboNews and is published from a syndicated feed.


Click here to post your own press-release on eTurboNews 

CATEGORIES
Follow on Feedly