Global Air Cargo Container Market to Valuation of USD 2179.2 Million By 2030 | Infinium Global Research

The Infinium Global Research analyzes the Air Cargo Container Market over the period of 2023 to 2030. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in the global air cargo container market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of air cargo container. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the air cargo container market during the period. The global air cargo container market was valued at USD 1507.8 Million in 2022 and is expected to reach USD 2179.2 Million by 2030 and grow at a CAGR of 4.96% over the forecast period.

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The world trade landscape has been experiencing remarkable growth, driven by economic recovery and rapid globalization. According to projections by the Organization for Economic Co-operation and Development (OECD), world trade is estimated to grow by a robust 4.5% in 2022. Additionally, the World Trade Organization (WTO) reported an estimated 10.8% growth in global merchandise trade volume in 2021. The United Nations Conference on Trade and Development recorded a historic milestone in 2021, with global trade values reaching USD 28.5 trillion, marking a 25% increase compared to 2020 and a significant 13% growth compared to 2019.

This extraordinary surge in trade activity, particularly in the latter half of 2021, following the pandemic-induced slowdown, has been propelled by heightened demand for goods. Major trading economies witnessed increased imports and exports, surpassing pre-pandemic levels in 2019. As a direct consequence, the maritime, road, and aviation transport industries experienced substantial growth. These industries rely on various types of containers to transport goods, which has, in turn, driven the demand for air cargo containers.

Air Cargo: The Backbone of Global Trade

Air transport plays a pivotal role in global trade, accounting for more than 35% of global trade by value, with over 52 million metric tons of goods transported annually through airlines. With more than USD 6.8 trillion worth of goods transported by air each year and USD 18.6 billion worth of goods moved daily, air cargo is indispensable to the global economy. Notably, the air cargo revenue in the United States reached a record high of nearly 90 billion ton-miles in 2021.

Air transport offers distinct advantages, such as shorter delivery times and secure delivery, making it the preferred choice for high-value consumer goods like garments, pharmaceuticals, electronics, and fresh fruits and vegetables. These goods are often placed in air cargo containers and transported by aircraft, further driving the demand for air cargo containers.

Challenges in Air Freight

While air transport offers numerous advantages, it is also associated with higher costs compared to other shipping methods, such as road and sea transport. Air freight rates generally range from USD 1.50-4.50 per kilogram, significantly higher than road and sea transport costs. This higher cost is justifiable for high-value goods and time-sensitive shipments, but it deters enterprises in landlocked developing countries from using air transport.

The prohibitive cost, limited carrying capacity, and impracticality for small volumes of low-value goods have restricted the adoption of air transport and consequently hampered the demand for air cargo containers.

Technology Advancements Transforming the Industry

The air cargo industry is experiencing profound transformation through the adoption of modern technologies, including Blockchain, Artificial Intelligence (AI), and the Internet of Things (IoT). Blockchain technology is creating a permanent and tamper-proof record of the physical movement of shipments. AI algorithms are enhancing flight planning, weather forecasts, and customs processes, improving overall efficiency.

Furthermore, the industry is increasingly automating repetitive tasks through the use of robotics and other automation solutions. These technological advancements are poised to drive the air shipping industry, further boosting the demand for air cargo containers.

Regional Insights

The Asia Pacific region has emerged as a dominant player in the global air cargo container market, driven by increased trade activities, particularly in pharmaceuticals, fast-moving consumer goods, and electronic goods. The North American region is expected to exhibit the highest growth rate in the air cargo container market, thanks to its extensive network of B2B buyers and the adoption of wide-body aircraft.

Segmentation and Key Players

The report on the global air cargo container market covers various segments, including deck type, type, application type, and aircraft type.

Deck Type: Sub-markets include lower deck and main deck.

Type: Sub-markets encompass refrigerated and non-refrigerated.

Application Type: Sub-markets include passenger aircraft and freighter aircraft.

Aircraft Type: Sub-markets comprise narrow-body aircraft, wide-body aircraft, very large aircraft, and military aircraft.

Key players in the market include Nordisk Aviation, Safran Aerosystems, VRR Aviation, ACL Airshop, Unilode, Granger Aerospace, PalNet GmbH, Satco Inc, Norduyn Inc, and Envirotainer.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Air Cargo Container Market Highlights

2.2. Air Cargo Container Market Projection

2.3. Air Cargo Container Market Regional Highlights

Chapter 3. Global Air Cargo Container Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 impact on the Air Cargo Container Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1.IGR-Growth Matrix Analysis by Deck Type

3.5.2.IGR-Growth Matrix Analysis by Type

3.5.3.IGR-Growth Matrix Analysis by Application Type

3.5.4.IGR-Growth Matrix Analysis by Aircraft Type

3.5.5.IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Air Cargo Container Market

Chapter 4. Air Cargo Container Market Macro Indicator Analysis

Chapter 5. Global Air Cargo Container Market by Deck Type

5.1. Lower Deck

5.2. Main Deck

Chapter 6. Global Air Cargo Container Market by Type

6.1. Refrigerated

6.2. Non-refrigerated

Chapter 7. Global Air Cargo Container Market by Application Type

7.1. Passenger Aircraft

7.2. Freighter Aircraft

Chapter 8. Global Air Cargo Container Market by Aircraft Type

8.1. Narrow-body Aircraft

8.2. Wide-body Aircraft

8.3. Very Large Aircraft

8.4. Military Aircraft

Chapter 9. Global Air Cargo Container Market by Region 2023-2030

9.1. North America

9.1.1. North America Air Cargo Container Market by Deck Type

9.1.2. North America Air Cargo Container Market by Type

9.1.3. North America Air Cargo Container Market by Application Type

9.1.4. North America Air Cargo Container Market by Aircraft Type

9.1.5. North America Air Cargo Container Market by Country

9.2. Europe

9.2.1. Europe Air Cargo Container Market by Deck Type

9.2.2. Europe Air Cargo Container Market by Type

9.2.3. Europe Air Cargo Container Market by Application Type

9.2.4. Europe Air Cargo Container Market by Aircraft Type

9.2.5. Europe Air Cargo Container Market by Country

9.3. Asia-Pacific

9.3.1. Asia-Pacific Air Cargo Container Market by Deck Type

9.3.2. Asia-Pacific Air Cargo Container Market by Type

9.3.3. Asia-Pacific Air Cargo Container Market by Application Type

9.3.4. Asia-Pacific Air Cargo Container Market by Aircraft Type

9.3.5. Asia-Pacific Air Cargo Container Market by Country

9.4. RoW

9.4.1. RoW Air Cargo Container Market by Deck Type

9.4.2. RoW Air Cargo Container Market by Type

9.4.3. RoW Air Cargo Container Market by Application Type

9.4.4. RoW Air Cargo Container Market by Aircraft Type

9.4.5. RoW Air Cargo Container Market by Sub-region

Chapter 10. Company Profiles and Competitive Landscape

10.1. Competitive Landscape in the Global Air Cargo Container Market

10.2. Companies Profiles

10.2.1. Nordisk Aviation

10.2.2. Safran Aerosystems

10.2.3. VRR Aviation

10.2.4. ACL Airshop

10.2.5. Unilode

10.2.6. Granger Aerospace

10.2.7. PalNet GmbH

10.2.8. Satco Inc

10.2.9. Norduyn Inc

10.2.10. Envirotainer

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of air cargo container.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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