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Air Cargo Unit Load Device market worth US$ 382.3 million in 2022 illuminated by new report

Air Cargo Unit Load Device Market report is a 255-page study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.

Stratview Research has published a new research report on Air Cargo Unit Load Device Market . This extensive 255-page report by Stratview Research analyses the growth of Air Cargo Unit Load Device Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022 under the following segments -

  • by Device Type (Containers, and Pallets)
  • by Product Type (LD3, LD6, and Others)
  • by Deck Type (Lower Deck and Main Deck)
  • by Sales Type (UNIT LOAD DEVICE Manufacturing and UNIT LOAD DEVICE Repair)
  • by Material Type (Composites-based UNIT LOAD DEVICE, Metals-based UNIT LOAD DEVICE, and Fabrics)
  • by Aircraft Type (Narrow-Body Aircraft, Wide­­–Body Aircraft, and Others)
  • by Application Type (Passenger Aircraft and Freighter Aircraft)
  • and by Region (North America, Europe, Asia-Pacific, and RoW)

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Increasing demand for lightweight UNIT LOAD DEVICE

The air cargo UNIT LOAD DEVICE market was valued at US$ 279.4 million in 2016 and is likely to grow at a healthy CAGR of 5.4% over the next five years to reach US$ 382.3 million in 2022. Growing cargo traffic (freight tonne kilometers) owing to accelerating urbanization and increasing disposable income, increasing deliveries of commercial aircraft, increasing demand for lightweight UNIT LOAD DEVICE, large UNIT LOAD DEVICE fleet size, and an advancement in the technology are some of the major growth drivers of the market.

Cargo is an essential part of the airline business today.

It contributed roughly 9% of the airlines' revenue which is more than twice the revenues from the first-class segment. The biggest benefit of air cargo UNIT LOAD DEVICE is that it allows bundling a large quantity of cargo into a single unit.

This helps to minimize the airlines’ operational cost by saving the ground crew time and efforts.

Container to remain the largest device

The air cargo UNIT LOAD DEVICE market is segmented based on device type as containers and pallets. The container is expected to remain the largest device type in the air cargo UNIT LOAD DEVICE 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.

Research and development activities related to the light-weighting containers.

The airline industry is looking for lightweight containers with the prime focus to enhance fuel efficiency and reduce carbon emissions. In the last decade, the industry has noticed remarkable research and development activities related to the light-weighting containers.

Many companies have succeeded in developing lightweight containers by forming strategic alliances with industry stakeholders. The key UNIT LOAD DEVICE management companies are opting composite-made containers by replacing their heavy-weight containers.

The momentum of lightweight containers does not extend to pallets. Some companies developed composite pallets to reduce the overall weight but they coUnit Load Device not offer other required properties and performance, such as durability.

Composite pallets have higher damage rate than conventional pallets.

LD3 product type is the most widely preferred UNIT LOAD DEVICE

The air cargo UNIT LOAD DEVICE are segmented based on product type as LD3, LD6, LD11, M1, PMC, PAG, and Others. There are several types of UNIT LOAD DEVICE used on the passenger, cargo, and military aircraft.

The selection of UNIT LOAD DEVICE is dependent on the type of aircraft, nature of goods, airline requirements, and the combination of the unit load device (UNIT LOAD DEVICEs). LD3 is the most widely preferred UNIT LOAD DEVICE 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.

Lower deck to remain the largest segment of the market

Based on the deck type, the lower deck is projected to remain the largest segment of air cargo UNIT LOAD DEVICE market during the forecast period, driven by the usage in both the passenger and freighter aircraft. Passenger aircraft uses mainly lower hold for UNIT LOAD DEVICE whereas freighter aircraft uses both the main deck and lower hold for UNIT LOAD DEVICE.

composites-based air cargo UNIT LOAD DEVICE to experience the highest growth

Based on the material type, composites-based air cargo UNIT LOAD DEVICE 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. Composites-based containers are about 20% to 40% lighter than that of aluminum-based similar sized containers.

Wide-body aircraft to remain the largest segment of the market

Based on the aircraft type, wide-body aircraft is expected to remain the largest segment of air cargo UNIT LOAD DEVICE market during the forecast period. The high number of UNIT LOAD DEVICEs 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.

Top market players

The supply chain of this market comprises raw materials suppliers, panel manufacturers, UNIT LOAD DEVICE manufacturers, distributors, UNIT LOAD DEVICE management companies, and airline companies. The key air cargo UNIT LOAD DEVICE manufacturers are Zodiac Aerospace, Cargo Composites, Nordisk Aviation Products, VRR Aviation, and Satco Inc.

Lightweight containers, a partnership with UNIT LOAD DEVICE management companies, and regional expansion are the key strategies adopted by the key players to gain a competitive edge in the market.

Why Stratview Research

Our report provides market intelligence in the most comprehensive way. 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 report:

  • Air Cargo Unit Load Device Market overview, industry life cycle analysis, supply chain analysis
  • Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend (2011 – 2016) and forecast analysis (2017 - 2022) of each segment.
  • Competitors’ market share, product portfolio and new launches.
  • Growth opportunities in each segment.
  • Emerging trends which will decide the future course of development.
  • Strategic growth opportunities for the existing and new players
  • Key success factors.

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