Market Overview:
The global travelator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the global travelator market can be attributed to the increasing demand for advanced and efficient transportation systems across the globe. Additionally, rising concerns over safety and security are also propelling the growth of this market. The global travelator market is segmented on the basis of type, application, and region. On the basis of type, it is divided into parallel, multi-parallel, and others. Parallel travelators are expected to hold a major share in this market owing to their high efficiency and low cost as compared to other types of travelators available in this market. By application, it is classified into airports, malls, railways stations (including metro stations), and others (such as hospitals). Airports are anticipated to account for a majority share in this sector due its growing popularity among passengers for transit purposes across different regions worldwide.
Product Definition:
A moving sidewalk, typically one in a public place, for people to walk on.
Parallel:
Parallel is a new term in the travelator industry. It has been used by IBM to mean any two-way communication between nodes or between nodes and the outside world. In other words, parallel can be defined as any two-way connection that allows programs to run simultaneously on different machines connected by a network.
Multi-parallel:
Multi-parallel is a technique of combining more than one parallel process in the same system. It helps to increase processing power by using multiple processors at the same time. The technology has been around for decades and has gained popularity recently due to its use in supercomputers, clusters, and cloud computing. In this market, multi-parallel architecture is used where data from different sensors are analyzed simultaneously using different algorithms with the help of several processors present in a system or cluster.
Application Insights:
Airports, malls, railway stations and other application segments are categorized based on the type of facility. Airports accounted for the largest share in 2016 owing to increasing air traffic across various airports globally. The expansion of existing airports or construction of new ones at a global level is not possible due to constraints imposed by local bodies such as municipality and county. However, there has been an increase in demand for airport lounges which can be catered by travelators with different features such as Wi-Fi connectivity enabled within the lounge area.
The rail stations segment is expected to witness significant growth over the forecast period owing to rapid development in railway infrastructure across various countries worldwide including China, India & Australia; South Africa; Russia; U.K.
Regional Analysis:
Asia Pacific dominated the global travelator market in 2017. The growth is attributed to increasing investments in infrastructure development and favorable government initiatives. For instance, China has planned to build 100 new airports by 2020 with an investment of around USD X billion. This will lead to increased demand for travelators at airports across the country over the forecast period.
Europe is expected to witness significant growth over the next eight years owing to increasing passenger traffic and airport expansion projects undertaken by various governments across countries such as Germany, U.K., Italy, Spain, etc.).
North America region accounted for a major share of revenue in 2017 owing to high air passengers traffic along with growing trend of business travelers’ preferring long haul flights that require larger terminals equipped with modern facilities such as baggage claim belts/lounges.
Growth Factors:
- Increasing disposable income of people: The growth in the travelator market is majorly attributed to the increasing disposable income of people across the globe. With increase in purchasing power, people are preferring to spend on leisure activities such as travelling. This is resulting in increased demand for travelators and related products and services.
- Rapid urbanization: Another key factor driving growth of the global travelator market is rapid urbanization, which is leading to an increase in number of high-rise buildings and airports worldwide. This has resulted in an increase in demand for travelators as they offer faster and safer means of transportation within these facilities.
- Technological advancements: Travelators are becoming increasingly popular due to technological advancements that have made them more efficient, reliable and safe than ever before. These advancements include introduction of energy-efficient models, automated systems that can be operated remotely etc., which are attracting a growing number of consumers towards this mode or transportation .
Scope Of The Report
Report Attributes
Report Details
Report Title
Travelator Market Research Report
By Type
Parallel, Multi-parallel, Others
By Application
Airports, Malls, Railways Stations, Others
By Companies
KONE Corporation, Otis Elevator Company, Schindler, Mitsubishi Electric Corp., Fujitec, Thyssenkrupp AG, Hitachi LTD, Hyundai Elevator Company, Toshiba Corporation, Sigma Elevator Company, KONE Corporation, Sicher Elevator Co., Ltd., Kleemann Hellas SA, Stein Ltd, Gulf Elevator & Escalator Co. Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Travelator Market Report Segments:
The global Travelator market is segmented on the basis of:
Types
Parallel, Multi-parallel, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Airports, Malls, Railways Stations, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- KONE Corporation
- Otis Elevator Company
- Schindler
- Mitsubishi Electric Corp.
- Fujitec
- Thyssenkrupp AG
- Hitachi LTD
- Hyundai Elevator Company
- Toshiba Corporation
- Sigma Elevator Company
- KONE Corporation
- Sicher Elevator Co., Ltd.
- Kleemann Hellas SA
- Stein Ltd
- Gulf Elevator & Escalator Co. Ltd.
Highlights of The Travelator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Parallel
- Multi-parallel
- Others
- By Application:
- Airports
- Malls
- Railways Stations
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Travelator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Travelator is a website that helps people plan and book trips. It includes information on flights, hotels, car rentals, and other activities.
Some of the major companies in the travelator market are KONE Corporation, Otis Elevator Company, Schindler, Mitsubishi Electric Corp., Fujitec, Thyssenkrupp AG, Hitachi LTD, Hyundai Elevator Company, Toshiba Corporation, Sigma Elevator Company, KONE Corporation, Sicher Elevator Co., Ltd., Kleemann Hellas SA, Stein Ltd, Gulf Elevator & Escalator Co. Ltd..
The travelator market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Travelator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Travelator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Travelator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Travelator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Travelator Market Size & Forecast, 2018-2028
4.5.1 Travelator Market Size and Y-o-Y Growth
4.5.2 Travelator Market Absolute $ Opportunity
Chapter 5 Global Travelator Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Travelator Market Size Forecast by Type
5.2.1 Parallel
5.2.2 Multi-parallel
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Travelator Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Travelator Market Size Forecast by Applications
6.2.1 Airports
6.2.2 Malls
6.2.3 Railways Stations
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Travelator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Travelator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Travelator Analysis and Forecast
9.1 Introduction
9.2 North America Travelator Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Travelator Market Size Forecast by Type
9.6.1 Parallel
9.6.2 Multi-parallel
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Travelator Market Size Forecast by Applications
9.10.1 Airports
9.10.2 Malls
9.10.3 Railways Stations
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Travelator Analysis and Forecast
10.1 Introduction
10.2 Europe Travelator Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Travelator Market Size Forecast by Type
10.6.1 Parallel
10.6.2 Multi-parallel
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Travelator Market Size Forecast by Applications
10.10.1 Airports
10.10.2 Malls
10.10.3 Railways Stations
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Travelator Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Travelator Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Travelator Market Size Forecast by Type
11.6.1 Parallel
11.6.2 Multi-parallel
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Travelator Market Size Forecast by Applications
11.10.1 Airports
11.10.2 Malls
11.10.3 Railways Stations
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Travelator Analysis and Forecast
12.1 Introduction
12.2 Latin America Travelator Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Travelator Market Size Forecast by Type
12.6.1 Parallel
12.6.2 Multi-parallel
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Travelator Market Size Forecast by Applications
12.10.1 Airports
12.10.2 Malls
12.10.3 Railways Stations
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Travelator Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Travelator Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Travelator Market Size Forecast by Type
13.6.1 Parallel
13.6.2 Multi-parallel
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Travelator Market Size Forecast by Applications
13.10.1 Airports
13.10.2 Malls
13.10.3 Railways Stations
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Travelator Market: Competitive Dashboard
14.2 Global Travelator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KONE Corporation
14.3.2 Otis Elevator Company
14.3.3 Schindler
14.3.4 Mitsubishi Electric Corp.
14.3.5 Fujitec
14.3.6 Thyssenkrupp AG
14.3.7 Hitachi LTD
14.3.8 Hyundai Elevator Company
14.3.9 Toshiba Corporation
14.3.10 Sigma Elevator Company
14.3.11 KONE Corporation
14.3.12 Sicher Elevator Co., Ltd.
14.3.13 Kleemann Hellas SA
14.3.14 Stein Ltd
14.3.15 Gulf Elevator & Escalator Co. Ltd.
