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North America will attribute towards the Moving Walks Market Growth By 2025
moving walks are slow moving conveyor mechanisms, which transport people over a short distance, across a horizontal or an inclined plane. People can use moving walks either by standing or by walking over them.
Moving Walks Market: Market Overview
Moving walks are also known as moving walkaways or travelators. As the name indicates, moving walks are slow moving conveyor mechanisms, which transport people over a short distance, across a horizontal or an inclined plane. People can use moving walks either by standing or by walking over them. The general pattern of installing moving walks is in pairs, which means one for each direction. Moving walks enhance the overall transport capacity and also minimally improve the travel times.
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Moving walks are used to move as many people as possible by one of the most cost-effective, quick and safe methods. Manufacturers these days are offering design, installation, and fabrication of quality people-moving systems. Moving walks help people in reaching their destination sooner, safely and comfortably. Moving walks are built with moving handrails similar to those on escalators. Their manufacturers comply with building standards, also provide visual detections and ensure mover safety.
Moving Walks Market: Market Dynamics
The increasing construction of airports for short as well as long haul flights, wherein moving walks provide comfort to passengers, is driving the growth of the market. The emergence of smart city concept and building wherein moving walks are used in subway systems is also fueling the growth of moving walks market. The boom in the retail sector over the past two decades, coupled with the increasing number of shopping malls and shopping complexes is another major factor contributing to the growth of the market.
However, the high initial cost of installation is restraining the market growth. The installation of moving walks in developing economies is confined only to the metropolitan cities, thereby limiting the market growth. The development of planned cities and smart cities, which will remain connected with the AI & IoT (Artificial Intelligence & Internet of Things), is widening the scope for the moving walks market. There is a growing trend of installing moving walks in exhibition halls, and art galleries; viewers, and participants in such events can comfortably view the exhibitions by just standing over the moving walks.
Moving walks are being preferred over traditional pathways and staircases because they provide high profile aesthetics to the interiors as well as exteriors of a construction project or premise. They are enabling architects and contractors for enjoying greater freedom in designing the public infrastructure, thereby widening the scope of the market. The inclusion of glass, as well as opaque balustrades in a variety of decking, finishing, floor covering options, innovative color options for handrails, multiple lighting, skirt panels, are some of the latest trends influencing the growth of the moving walks market.
Moving Walks Market: Regional Outlook
The global moving walks market geographically is segmented as North America, Eastern Europe, Western Europe, Latin America, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. North America and Europe hold a significant market share of moving walks market owing to the fully automated infrastructure. Furthermore, the increase in R & D activities related to construction technology, wherein moving walks are useful machines, aids in boosting the growth of moving walks market in the region. The market in the APEJ region is more inclined towards growing demand for moving walks because of the increasing number of shopping malls, multiplexes, and airports.
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Moving Walks Market: Prominent Players
Some of the prominent players in the global moving walks market are:
- Otis Elevator Company
- Westmont Industries
- KONE CORPORATION FINLAND, KONE OYJ
- Mitsubishi Electric Corporation
- Fujitec America, Inc.
- Thyssenkrupp North America
- EHC Global
- United Technologies
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