Global Airport Treadmill Market Report 2022
New York, June 09, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Airport Moving Walkways Global Market Report 2022” – https://www.reportlinker.com/p06284375/?utm_source=GNW
The global airport treadmill market is expected to grow from $2.13 billion in 2021 to $2.21 billion in 2022 at a compound annual growth rate (CAGR) of 3.33%. The airport moving walkway market is expected to reach $2.59 billion in 2026 with a CAGR of 4.08%.
The airport conveyor belt market consists of the sale of airport conveyor belts by entities (associations, sole proprietorships, general partnerships) consisting of slow conveyor systems that transport people on horizontal or inclined planes over a longer distance. short and help people to reach their desired location at airports. They are installed in pairs with opposite running directions with safety handrails next to them.
They are also known as flat escalators or moving walkways.
The main types of airport moving walkways are the belt type and the paddle type. Belt moving walkways are constructed with metal mesh belts or rubber walking surfaces on metal rollers.
These can be angled or flat and are typically used in airports, metro terminals or shopping malls. The different angles of inclination of airport moving walks are horizontal and inclined which are divided by different types of companies into new installation, modernization and maintenance. .
The speed type for airport moving walkways are constant moving walkways (CMW) and accelerated moving walkways.
Asia-Pacific was the largest region in the airport treadmill market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in the Airport Treadmill market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing number of air passengers is expected to propel the growth of the airport moving walkway market. Airport passengers carry heavy luggage with them and they have to move at a distance, in such cases moving walkways act as passageways between terminals. , in particularly long halls, or as access to a car park.
For example, according to the International Civil Aviation Organization (ICAO), a specialized agency of the United Nations, the global number of air passengers is expected to reach 10.5 billion by 2040. Consequently, the growth in the number of passengers is driving the growth of the airport conveyor belt market.
Partnership and collaboration are key trends that are gaining popularity in the airport moving walkway market. Companies operating in the airport moving walkway market are partnering with technology companies to improve the operational capabilities and performance of their existing products.
For example, in May 2019, Telefónica, a European provider of broadband and telecommunications solutions, partnered with Schindler to provide network and IoT connectivity to Schindler’s wide range of smart escalators and elevators named Schindler Ahead. The Schindler Group is a Swiss manufacturer of moving walks, elevators and escalators.
In June 2020, international private equity firms, Advent International and Cinven acquired the elevator technology business of ThyssenKrupp AG, a Germany-based multinational conglomerate for an undisclosed amount. The acquisition by International Capital Partners aims to diversify their current portfolio and expand the business operations of ThyssenKrupp’s elevator technology business across the globe.
Thyssenkrupp’s elevator product portfolio includes passenger and freight escalators, moving walkways, passenger boarding bridges, and more.
Countries covered in the Airport Treadmill market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea , the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06284375/?utm_source=GNW
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.