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Forecasting February 27, 2020
Air Cargo Unit Load Device (ULD) Market Report: Trends, Analysis & Forecast up to 2024. Discover associated growth opportunities, market dynamics, success factors and more.
The Air Cargo ULD Market is likely to grow at a healthy rate over the next five years to reach US$ 427.5 million in 2024. Growing cargo traffic (freight tonne-kilometers) owing to accelerating urbanization and increasing disposable income, increasing deliveries of commercial aircraft, increasing demand for lightweight ULDs, rising ULD fleet size, and advancements in the technology are some of the major growth drivers of the market.
Read the summary of the report here:
https://www.stratviewresearch.com/177/air-cargo-unit-load-device-market.html
Air Cargo Unit Load Device (ULD) Market Segment Insights:
By Device Type:
The container is expected to remain the larger device type in the 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. Pallet is also likely to witness a healthy growth rate in years to come.
By Product Type:
There are several types of ULDs used on passenger, cargo, and military aircraft. The selection of ULD is dependent on the type of aircraft, nature of goods, airline requirements, and the combination of the unit load device (ULDs). LD3 is the most widely preferred ULD type on both passengers as well as 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.
By Deck Type:
Lower deck is projected to remain the larger segment of the air cargo ULD market during the forecast period, driven by the usage in both passenger and freighter aircraft. Passenger aircraft uses mainly its lower hold for ULDs, whereas freighter aircraft uses both main deck and lower hold for ULDs.
By Material Type:
Composite-based air cargo ULD is likely to experience the highest growth during the forecast period. The increasing demand for lightweight containers to increase fuel efficiency is the major driver of the segment. High durability and increased life of containers are the other major drivers of the segment. Composite-based containers are about 20% to 40% lighter than that of aluminum-based similar-sized containers.
By Aircraft Type:
Wide-body aircraft is expected to remain the largest demand generator of cargo ULDs 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. The aircraft type is also expected to experience the highest growth for the same period.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
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