Stratview Research announces the launch of a new market research report on Global Air Cargo Unit Load Device (ULD) Market by Device Type (Containers and Pallets), by Product Type (LD3, LD 6, LD11, M1, PMC, PAG, and Others), by Material Type (Composites, Metals, and Others), By Deck Type (Lower Deck and Main Deck), by Sales Type (ULD Manufacturing and ULD Repair), by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, and Military Aircraft), by Application Type (Passenger Aircraft and Freighter Aircraft), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022.
The Global Air Cargo Unit Load Device (ULD) Market: Highlights
As per Stratview Research, the global air cargo ULD market offers a robust growth of 5.4% CAGR during the forecast period of 2017 to 2022 and reach US $382.3 million in 2022, which offers an opportunity to the aviation industry players to align themselves with the market growth.
There are several factors bolstering the growth of cargo ULD market in the global aviation industry. The author of the report cited growing cargo traffic (freight tonne kilometers) owing to accelerating urbanization and increasing disposable income, increasing deliveries of commercial aircraft, increasing demand for lightweight ULD, large ULD fleet size, and an advancement in the technology as some of the major growth drivers of the market.
Container is expected to remain the largest device type in the global air cargo ULD market during the forecast period. High preference over pallets, a safer device to transport cargo, and easy to load and unload are major growth drivers of the containers segment.
As per the report, LD3 is the most widely preferred ULD type on both the passenger and cargo aircraft and is highly compatible with Boeing and Airbus wide-body aircraft, such as B747, B767, B777, B787, A330, A350XWB, and A380. LD3 can also be interchangeably used by replacing another container type.
Based on material type, composites-based air cargo ULD is likely to experience the highest growth during the forecast period. The increasing demand for lightweight containers to increase the fuel efficiency is the major driver of the segment. High durability and increased life of containers are additional growth drivers of the segment.
The report’s findings suggest that wide-body aircraft is expected to remain the largest segment of air cargo ULD market during the forecast period. The high number of ULDs per aircraft, increasing the share of wide-body aircraft, and increasing demand for wide-body aircraft by cargo airlines are some of the major growth drivers of the segment. Wide-body aircraft is also expected to experience the highest growth during the same period.
The key air cargo ULD manufacturers are Zodiac Aerospace, Cargo Composites, Nordisk Aviation Products, VRR Aviation, and Satco Inc. Lightweight containers, partnership with ULD management companies, and regional expansion are the key strategies adopted by the key players to gain a competitive edge in the market.
This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the research report:
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