Air Cargo ULD Market Worth US$ 382.3 million in 2022

Stratview Research announces the launch of a new research report on Air Cargo ULD Market. This 255-page extensive report from Stratview Research, studies the Air Cargo ULD Market over the trend period of 2012 to 2016 and forecast period of 2017 to 2022. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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This Air Cargo ULD Market analysis has been segmented in eight ways, keeping in mind the interest of all the stakeholders across the value chain.
● by Device Type (Containers, and Pallets) – Container is expected to remain the largest device type segment.
● by Product Type (LD3, LD6, and Others) – LD3 is the most widely preferred ULD type segment.
● by Deck Type (Lower Deck and Main Deck) –Llower deck is projected to remain the largest segment of the market.
● by Sales Type (ULD Manufacturing and ULD Repair)
● by Material Type (Composites-based ULD, Metals-based ULD, and Fabrics) – composites-based air cargo ULD is likely to experience the highest growth.
● by Aircraft Type (Narrow-Body Aircraft, Wide¬¬–Body Aircraft, and Others) – Wide-body aircraft will remain the largest segment of market
● by Application Type (Passenger Aircraft and Freighter Aircraft)
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

Go through the detailed TOC: https://www.stratviewresearch.com/toc/177/air-cargo-unit-load-device-market.html

The Air Cargo Unit Load Device (ULD) Market Insights

The air cargo ULD 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 ULD, large ULD 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 ULD 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.

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The air cargo ULD 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 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.

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 ULD 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 could not offer other required properties and performance, such as durability.

Composite pallets have higher damage rate than conventional pallets.
The air cargo ULD are segmented based on product type as LD3, LD6, LD11, M1, PMC, PAG, and Others. There are several types of ULD used on the 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 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 the deck type, the lower deck is projected to remain the largest segment of air cargo ULD market during the forecast period, driven by the usage in both the passenger and freighter aircraft. Passenger aircraft uses mainly lower hold for ULD whereas freighter aircraft uses both the main deck and lower hold for ULD.

Based on the 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. Composites-based containers are about 20% to 40% lighter than that of aluminum-based similar sized containers.

Based on the aircraft type, 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 supply chain of this market comprises raw materials suppliers, panel manufacturers, ULD manufacturers, distributors, ULD management companies, and airline companies. The key air cargo ULD manufacturers are Zodiac Aerospace, Cargo Composites, Nordisk Aviation Products, VRR Aviation, and Satco Inc. Lightweight containers, a 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.

Report Features
This 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 into 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:
• 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

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