Press release
Unit Load Device Industry Outlook 2025-2029: Market Set to Cross $2.93 Billion Milestone
Unit Load Device Market
How Large Will the Unit Load Device Market Size By 2025?
The size of the unit load device market has been gradually expanding over the last few years. It is projected to rise from $2.26 billion in 2024 to $2.35 billion in 2025, achieving a compound annual growth rate (CAGR) of 4.0%. The proliferation during the historical period is credited to the expansion of air cargo, standardization in air freight, the shift to containerized cargo, advancements in materials and technology, and regulation policies.
How Big Is the Unit Load Device Market Size Expected to Grow by 2029?
The market size of the unit load device is anticipated to experience robust expansion in the subsequent years, with its value projected to reach $2.93 billion in 2029, marking a compound annual growth rate (CAGR) of 5.7%. The uptrend during the forecast period is due to factors such as the increased use of lightweight materials, emphasis on environmentally-friendly solutions, adaptation for unique goods, advancements in ULD tracking systems and the resilience of the global supply chain. Key trends anticipated during the forecast period encompass use of ULDs for temperature-controlled goods, enhanced ULD management systems, adaptable ULD designs for e-commerce logistics, ULDs functioning in remote and unmanned cargo operations, and effective ULD usage through space maximization.
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Which Key Market Drivers Powering Unit Load Device Market Expansion and Growth?
The unit load device (ULD) market is predicted to flourish due to the anticipated rise in the number of air travelers. Air travelers consist of individuals who take flights to arrive at their chosen destinations, either for business or recreational activities. The growing population of these travelers leads to a higher demand for luggage and cargo services. For instance, the International Air Transport Organization, a global trade organization for airlines based in Canada, projected in March 2022 that the total count of travelers is predicted to reach the pre-pandemic levels by 2024. In addition, global air passenger traffic surged by 55.5% in April 2023, when compared to 2022, with a 25.2% rise in domestic travels. Consequently, the unit load device (ULD) market will benefit from the increasing number of air passengers.
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What Trends Will Shape the Unit Load Device Market Through 2029 and Beyond?
Strategic collaboration has become a prevalent trend in the market for unit load devices. Many enterprises active in this market are seeking alliances to solidify their market standing. To exemplify, Etihad Cargo, a UAE-based enterprise of Etihad Aviation Group specialising in dependable cargo and air freight solutions, received a five-year contract from Jettainer GmbH, a German logistic service provider, in June 2022. Fulfilling its role as a provider and manager of unit load devices (ULDs) for the airline, Jettainer was awarded the opportunity to extend its partnership with Etihad Cargo. This followed an extensive evaluation of both Etihad Cargo's and customer's needs, which led to Jettainer's decision to introduce Bluetooth low energy (BLE) tags across the carrier's full range of ULDs.
What Are the Emerging Segments in the Unit Load Device Market?
The unit load devicemarket covered in this report is segmented -
1) By Product Type: Lower Deck (LD) 3 Containers, Lower Deck (LD) 6 Container, Lower Deck (LD) 11 Container, M 1 Container, Pallets, Other Product Types
2) By Container Type: Normal Container, Cold Container, Other Containers
3) By Material Type: Composite, Metal, Other Materials
4) By Application: Civil Air Transport, Cargo Air Transport, Other Applications
Subsegments:
1) By Lower Deck (LD) 3 Containers: Standard LD-3 Containers
2) By Lower Deck (LD) 6 Containers: Standard LD-6 Containers
3) By Lower Deck (LD) 11 Containers: Standard LD-11 Containers
4) By M 1 Containers: Standard M 1 Containers
5) By Pallets: Airline Pallets, Lightweight Pallets
6) By Other Product Types: Specialized Containers, Bulk Containers
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Who Are the Global Leaders in the Unit Load Device Market?
Major companies operating in the unit load device market include DSV A/S, Safran S.A., Zodiac Aerospace, Sonoco Products Company, Brambles Group, TransDigm Group Incorporated, Röhlig Logistics, Teijin Aramid B.V, Bastian Solutions, The Descartes Systems Group Inc., AirBridge Cargo, ANA Cargo, Unilode Aviation Solutions, Envirotainer AB, SAE International, CSafe Global, Satco Inc., ACL Airshop, Nordisk Aviation Products AS, Nippon Cargo Airlines, Cargo Composites, VRR Aviation, Palnet GmbH Air Cargo Products, DoKaSch GmbH, Aerotranscargo, AEROTUF, Qantas Freight, Astracon LLC, WTC Logistics
Which are the Top Profitable Regional Markets for the Unit Load Device Industry?
North America was the largest region in the unit load device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the unit load device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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