Moving Walks Market Report 2024 (Global Edition)

Global Moving Walks Market Report 2024 Market Size Split by Type (Belt, Pallet), by Angle (Inclined, Horizontal), by Application (Airports, Shopping Malls, Train Stations, Institutional, Office Buildi...

Moving Walks Market Report Description

We have various report editions of Moving Walks Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Moving Walks Market Insights Video

Competitive Landscape of the Moving Walks Market

The moving walks market features a competitive landscape with key players focusing on technological advancements, product innovation, and strategic partnerships. Companies compete on factors such as design, efficiency, and safety features to capture market share. The presence of both established and emerging players intensifies competition, driving continuous improvements and influencing pricing strategies within the market.

Top Companies Market Share in Moving Walks Industry: (In no particular order of Rank)

• Dazen Elevator
• Fujitec
• Hitachi LTD
• Hyundai Elevator Company
• Johnson Lifts Private Limited
• KLEEMANN
• KONE Corporation
• Mitsubishi Electric Corp
• Otis Elevator Company
• Schindler
• Sicher Elevator Co.
• Ltd.
• Sigma Elevator Company
• Stannah
• TK Elevator
• Toshiba Corporation
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Moving Walks Market

Which Region Dominates the Moving Walks Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 due to its well-developed infrastructure and high foot traffic in airports, shopping centers, and public transportation hubs. The region’s significant investments in modernizing and expanding airport facilities, coupled with a strong focus on enhancing customer experiences, drive continued demand and revenue growth.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the moving walks market due to its booming urbanization and expanding infrastructure projects. Increased investment in airport expansions, shopping malls, and public transport systems across developing economies contributes to a surge in demand. Additionally, rising disposable incomes and improving urban mobility drive the adoption of moving walks.

The current report Scope analyzes Moving Walks Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Moving Walks Market

According to Cognitive Market Research, the global moving walks market size was estimated at USD 4125.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1650.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, The United States moving walk market had a market share of USD 1,302.04 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Increased airport expansions and bustling urban centers are driving demand for moving walks, enhancing passenger convenience and flow efficiency.
• Canada’s moving walk market had a market share of USD 198.03 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Growth in major transit hubs and shopping malls fuels the need for moving walks, improving accessibility and transport within large facilities. Mexico’s moving walk market had a market share of USD 150.17 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period.

Europe Moving Walks Market

According to Cognitive Market Research, the global moving walks market size was estimated at USD 4125.6 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1237.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom moving walk market had a market share of USD 207.93 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Rising investment in infrastructure and modernization of transport systems boost the demand for moving walks in airports and commercial spaces.
• France’s moving walk market had a market share of USD 113.87 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. Germany’s moving walk market had a market share of USD 245.06 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. Advanced transportation networks and high-tech commercial buildings are driving the adoption of moving walks for seamless and efficient movement. Italy’s moving walk market had a market share of USD 106.44 million in 2024 and is projected to grow at a CAGR of 2.9% during the forecast period. Russia’s moving walk market had a market share of USD 191.84 million in 2024 and is projected to grow at a CAGR of 2.5% during the forecast period. Spain’s moving walk market had a market share of USD 101.49 million in 2024 and is projected to grow at a CAGR of 2.6% during the forecast period. Luxembourg’s moving walk market had a market share of USD 38.37 million in 2024 and is projected to grow at a CAGR of 3.6% during the forecast period. Portugal’s moving walk market had a market share of USD 25.99 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. Greece’s moving walk market had a market share of USD 14.85 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. Rest of Europe’s moving walk market had a market share of USD 191.84 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period.

Asia Pacific Moving Walks Market

According to Cognitive Market Research, the global moving walks market size was estimated at USD 4125.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 948.89 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, The China’s moving walk market had a market share of USD 427.00 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Rapid urbanization and infrastructure development are spurring demand for moving walks in airports and large public areas across major cities.
• Japan’s moving walk market had a market share of USD 130.95 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. India’s moving walk market had a market share of USD 113.87 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. Expansion of metro systems and large commercial spaces accelerates the need for moving walks to handle growing passenger volumes effectively. South Korea’s moving walk market had a market share of USD 94.89 million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period. Australia’s moving walk market had a market share of USD 49.34 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. South East Asia’s moving walk market had a market share of USD 65.47 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Rest of Asia Pacific’s moving walk market had a market share of USD 67.37 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period.

South America Moving Walks Market

According to Cognitive Market Research, the global moving walks market size was estimated at USD 4125.6 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 206.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, Brazil’s moving walk market had a market share of USD 88.29 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Urban development and increasing foot traffic in commercial centers drive the demand for moving walks to enhance accessibility and convenience.
• Argentina’s moving walk market had a market share of USD 34.66 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Infrastructure improvements and the development of large shopping complexes are increasing the demand for moving walks to manage high pedestrian traffic. Colombia’s moving walk market had a market share of USD 18.36 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Peru’s moving walk market had a market share of USD 16.91 million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. Chile’s moving walk market had a market share of USD 14.85 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. Rest of Latin America’s moving walk market had a market share of USD 33.21 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period.

Middle East and Africa Moving Walks Market

According to Cognitive Market Research, the global moving walks market size was estimated at USD 4125.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 82.51 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..

• GCC Countries’ moving walk market had a market share of USD 35.32 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Investments in airport expansions and large-scale construction projects boost the need for moving walks to support enhanced passenger and visitor experiences.
• Egypt’s moving walk market had a market share of USD 8.66 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. South Africa’s moving walk market had a market share of USD 13.04 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. Growth in commercial properties and transport infrastructure development is leading to higher adoption of moving walks for better passenger flow. Turkey’s moving walk market had a market share of USD 7.10 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Nigeria’s moving walk market had a market share of USD 8.66 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. Rest of MEA’s moving walk market had a market share of USD 9.74 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period.

Moving Walks Market Analysis

Moving Walks Market Type Segment Analysis

According to Cognitive Market Research, belt stands out as the dominant category over the projected period as they are preferred for their smooth and continuous transport, making them ideal for high-traffic environments like airports and shopping malls. Their reliability, ease of maintenance, and widespread adoption in existing infrastructure contribute to their dominance in the market. The ability to handle diverse passenger flows reinforces their position as the leading category.

Pallet emerges as the fastest-growing category in the moving walks market due to their ability to handle heavy loads and improve efficiency in logistics and industrial applications. The growing emphasis on operational efficiency and automation in warehouses and manufacturing facilities drives the demand for pallet-type systems. Their versatility and suitability for various applications contribute to their rapid market growth.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Moving Walks Industry. Request a Free Sample PDF!

Moving Walks Market Angle Segment Analysis

According to Cognitive Market Research, the dominant category is horizontal due to their simplicity and effectiveness in facilitating smooth passenger transit in large, flat spaces such as airports and shopping malls. Their ability to provide consistent, efficient movement without significant alterations to existing structures contributes to their dominance in the market.

The fastest-growing category in the moving walks market is inclined because of their ability to address vertical transportation needs in multi-level environments. Increased urban development, including multi-story buildings and complex transportation hubs, drives demand for inclined systems. Their ability to enhance accessibility and ease of movement in elevated areas fuels their growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Moving Walks Application Segment Analysis

Moving Walks Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is airports due to their high passenger volumes and extensive terminal areas requiring efficient transportation solutions. The ongoing expansion and modernization of airport infrastructure globally increase the demand for moving walks to manage foot traffic effectively and enhance passenger experience, solidifying their dominance in this sector.

The fastest-growing category in the moving walks market is institutional due to increased focus on accessibility and improved infrastructure within educational and healthcare facilities. The need to accommodate diverse populations and streamline movement in large campuses drives demand, with institutions investing in moving walks to enhance functionality and accessibility across their premises.

• Airports
• Shopping Malls
• Train Stations
• Institutional
• Office Buildings
• Others

Moving Walks Speed Segment Analysis

Moving Walks Market Speed Segment Analysis

According to Cognitive Market Research, the dominant category is constant due to their simplicity, reliability, and cost-effectiveness. They are widely used in airports and shopping malls where a steady flow of foot traffic benefits from consistent speeds, offering an efficient and straightforward solution for passenger transport without the need for complex adjustments or higher costs.

The fastest-growing category in the moving walks market is accelerating due to their ability to adjust speeds based on passenger flow, enhancing user experience in high-traffic areas. Their adaptability to varying movement speeds is particularly valuable in large transit hubs and busy retail environments, where they can manage crowd flow more effectively and improve overall efficiency.

• Constant
• Accelerating

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

Author's Conclusion