Industry Background:
The global airport moving walkway system market is expected to grow at a sluggish pace during the forecast period, according to the AMA study. The growing demand from rising airport & air passenger traffic across the world and the growing expansion & development of airports are expected to be some of the major drivers of this market. However, the outbreak of COVID-19 pandemic across the world is one of the major challenge for the aerospace & defense industry which has created a worldwide economic crisis due to shutting down of aerospace industry production & services for an ambiguous period of time.This growth is primarily driven by High Passenger Traffic at Airports Propelled by the Growing Travel & Tourism Sector
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Airport Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as KONE Corporation (Finland), Schindler Group (Switzerland), Mitsubishi Electric Corporation (Japan), Hitachi Ltd. (Japan), Toshiba Corporation (Japan), Hyundai Elevator Company (South Korea), Stannah Lifts (United Kingdom), Otis Elevator Company (United States), KLEEMANN Hellas SA (Greece), United Technologies Corporation (United States), Fujitec Co., Ltd (Japan), Analogue Holdings Limited (China) and Glidepath Group (New Zealand), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2021, Analogue Holdings Limited, an electrical and mechanical engineering service provider headquartered in Hong Kong with operations in Macau, mainland china and the United States started new company in Anlev ltd in London. This new company provided one-stop services from design, manufacturing to installation and maintenance of lifts and escalators for customers in the uk and capture opportunities of the European market. This new company helped analogue holdings limited to expand its presence in airport moving walkway system market
In May 2019, Hitachi announced that it has got an order for the delivery of 174 Elevators, Escalators and Moving Sidewalks for Suvarnabhumi International Airport in ThailandThe vendors in this market are majorly focusing on development of new & innovative products & solutions to cater to market's demand to remain competitive in the global market.
Regulatory Insights:
Stringent Government Aviation Regulations Regarding Suspension of Flights for an Ambiguous Period of Time
Influencing Trend:
Growing Adoption of Automation Technologies Across Different Airports
Market Growth Drivers:
High Passenger Traffic at Airports Propelled by the Growing Travel & Tourism Sector and The Growing Expansion & Development of Airports
Challenges:
The Current Economic Crisis Across Different Countries & Aerospace Industry Due to Outbreak of COVID-19 Pandemic Across the World is Expected to Impact the Global Airports Expenditure
Restraints:
The Outbreak of COVID-19 Pandemic is One of the Major Factors Impacting the Overall Aerospace & Defense Industry by Creating a Economic Crisis with Huge Losses to the Industry
Opportunities:
Opportunities in the Asia Pacific Region and Rise in Global Investment for Airport Developments
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Airport Moving Walkway System Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Airport Moving Walkway System Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Airport Moving Walkway System players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Airport Moving Walkway System Study Sheds Light on
The Airport Moving Walkway System Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Airport Moving Walkway System industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Airport Moving Walkway System industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.