Global Airport Walkway Market to Reach $5.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Airport Walkway estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$5.2 Billion by 2027, growing at aCAGR of 12.4% over the period 2020-2027. Moving Belt Walkway, one of the segments analyzed in the report, is projected to record 10.8% CAGR and reach US$3.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pallet Type Moving Walkaway segment is readjusted to a revised 16.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $678.2 Million, While China is Forecast to Grow at 12% CAGR
The Airport Walkway market in the U.S. is estimated at US$678.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$916 Million by the year 2027 trailing a CAGR of 12% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.8% and 10.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR.We bring years of research experience to this 8th edition of our report. The 171-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- ATAL Engineering Group
- Glidepath Ltd.
- Otis Elevator Company
- Stannah Lifts Holdings Ltd.
- Thyssenkrupp Elevator AG
- Toshiba Johnson Elevators (India) Pvt. Ltd.