” which is segmented by Container Type (LD-3, LD-6, LD-11, M-1, and Others), by Material Type (Composite Container, Metal Container, and Other Containers), by Deck Type (Lower Deck and Main Deck), by Application Type (Passenger Aircraft and Freighter Aircraft), by Sales Type (Container Manufacturing and Container Repair), by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, and Military Aircraft), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the global air cargo containers market is expected to grow at a healthy rate over the next five years to reach US$ 341.3 million in 2024. Increasing cargo traffic (freight tonne kilometers) owing to growing e-commerce, pharmaceutical and electronic industries; development of lightweight and more durable containers; and an advancement in the container technology are some of the major drivers of the market. Increasing aircraft deliveries and higher demand for wide-body aircraft further elevate the demand for containers in the aviation industry.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
The market is segmented based on the container type as LD-3, LD-6, LD-11, M-1, and other containers. LD-3 is the most widely preferred container type in both passenger and cargo aircraft. It is expected to remain the largest and fastest-growing container type during the forecast period as well. It is highly compatible with Boeing and Airbus wide-body aircraft, such as B747, B767, B777, B787, DC-10, MD-11, A330, A350XWB, and A380. It can also be interchangeably used by replacing other container types.
Based on the material type, the market is segmented as composite containers, metal containers, and other containers. Metal is expected to remain the largest material type in the market during the forecast period. Easy availability of metal containers, excellent track record, and low cost are some of the major growth drivers of the metal containers.
Composite containers segment is likely to witness the highest growth during the forecast period. Superior flame retardancy, higher corrosion resistance, and higher strength-to-weight ratio at a relatively low weight in comparison with metal containers are the major growth drivers of these versatile materials. Additionally, composite containers do not damage easily; thus, help ULD management companies and airlines to address the biggest challenge of reducing the container repair cost. Composites containers are about 20% to 40% lighter than that of aluminum containers.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Air Cargo Containers Market:
· Zodiac AirCargo Equipment
· Cargo Composites
· Nordisk Aviation
· DokaSch GmbH
· Satco Inc.
Key questions answered by the report
- What is the projected CAGR for revenue from the Air Cargo Containers Market during the forecast period?
- What would be the market be valued at by 2024?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Air Cargo Containers Market?
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