Global Unit Load Devices (ULD) Market Research Report And Industry Outlook 2017-22

A latest research report titled as ”Global Unit Load Devices (ULD) Market Research Report And Industry Outlook 2017-22” has been recently added to the vast portfolio of Market Research Hub (MRH) online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry with the reliability of logic and the comprehensiveness of contents.

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The global unit load device market looks bright with opportunities in both the civil and military markets. The global unit load device market is forecast to grow at a CAGR of 3.4% from 2016 to 2021. The major growth drivers of this market are increasing passenger traffic, increasing imports and exports, and a rise in the deliveries of aircraft.

The study includes a forecast for the growth opportunities in the global unit load device market by ULD type, application type, and region, as follows:

ULD type (Value $ million from 2010 to 2021):
- Containers
- Pallets

Application Type (Volume (units) and value $ million from 2010 to 2021):
- Civil
- Military

Region (Value $ million from 2010 to 2021):
- North America
- Europe
- Asia Pacific
- Rest of World

Nordisk Aviation, Zodiac Aerospace, PalNet, Dokasch, Satco Inc, and AAR Corp are among the major suppliers of ULDs.

The research report predicts that the demand for containers is likely to experience the highest growth by value during the forecast period due to increasing usage of containers in cargo to protect the luggage and baggage from bad weather.

Within the global unit load device market, the civil segment is expected to remain the largest segment by application type during forecast period. Increasing passenger traffic, increasing export/import, and rise in deliveries of aircraft are the major drivers, which would spur growth for this segment over the forecast period.

Unit Load Device Market worth 2.02 Billion USD by 2021

The report "Unit Load Device Market (ULD) by Product Type (Lower Deck 3, Lower Deck 6, Lower Deck 11, M 1, Pallets), Application (Commercial, Cargo), Material Type (Metal, Composite), Container Type (Normal, Cold) and Region - Global Forecast to 2021", The unit load device market is projected to grow from USD 1.64 Billion in 2016 to USD 2.02 Billion by 2021, at a CAGR of 4.28% during the forecast period. Factors, such as increase in the demand for lightweight ULDs, cold containers, and growth in international trade are expected to drive the unit load device market.

Based on product type, the LD 3 segment of the unit load device market is expected to grow at the highest CAGR during the forecast period

LD 3 unit load devices can be used in all types of commercial aircraft. LD 3 containers are mainly used in passenger aircraft and growth in the LD 3 container segment can be attributed to the increase in passenger traffic. LD 3 unit load devices can be modified according to the requirements of a specific aircraft type.

Based on application, the commercial segment is expected to grow at the highest rate during the forecast period

Based on application, the commercial segment of the unit load device market is estimated to grow at the highest CAGR during the forecast period. Rise in passenger traffic has led to increase in air cargo, thereby propelling the demand for unit load devices for commercial aircraft.

Based on material, the composite segment is expected to grow at the highest rate during the forecast period

Based on material, the composite segment of the unit load device market is estimated to grow at the highest CAGR during the forecast period. ULDs developed using composite materials are lightweight, which enhances fuel efficiency of an aircraft.

Based on container, the normal container segment is expected to grow at the highest rate during the forecast period

Based on container, the normal container segment of the unit load device market is estimated to grow at the highest CAGR during the forecast period. Normal containers are used to transport dry cargo. They are used in commercial aircraft as well as cargo aircraft. Rise in aircraft orders will significantly contribute to the increasing demand for normal containers.

Asia-Pacific is projected to grow at the highest CAGR during the forecast period

Asia-Pacific is one of the fastest-growing markets for unit load devices due to increase in passenger traffic and air cargo. Countries in the Asia-Pacific region are upgrading their airport infrastructure capabilities by undertaking developments in the aviation industry. Unit load devices, such as pallets and containers help in export of automobiles, agricultural products, and other miscellaneous goods from this region. Increase in the disposable income of people has resulted in rise in the number of passengers travelling by air. This has further led to the increase in cargo traffic, which, has contributed to the growing demand for unit load devices in the region.

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Some of the key market players in the unit load device market are Nordisk Aviation Products AS (Norway), Zodiac Aerospace (France), VRR Aviation (The Netherlands), DoKaSch GmbH (Germany), and Satco, Inc. (U.S.), among others. These players adopted strategies, such as contracts, new product developments, agreements, and collaborations to strengthen their position in the unit load device market.

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