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    Air Cargo Unit Load Device (ULD) Market Size, Share & Forecast (2019-2024)

    Air Cargo Unit Load Device (ULD) Market Size, Share & Forecast (2019-2024)
    Report code - SRAD128 Published On : Sep,2019 No. of Pages: 330
    Air Cargo Unit Load Device (ULD) Market Size, Share, Trend, Forecast, & Competitive An See more...
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    Air Cargo Unit Load Device (ULD) Market Insights

    The global air cargo ULD market is likely to grow at a healthy rate over the next five years to reach US$ 427.5 million in 2024. Growing cargo traffic (freight tonne-kilometers) owing to accelerating urbanization and increasing disposable income, increasing deliveries of commercial aircraft, increasing demand for lightweight ULDs, rising ULD fleet size, and advancements in the technology are some of the major growth drivers of the market.[

    Air Cargo Unit Load Market Forecast

    Cargo is an essential part of the airline business today. It contributed roughly 9% of the airline’s 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’s time and efforts.

    The airline industry is looking for lightweight containers with the prime focus to enhance fuel efficiency as well as to reduce carbon emissions. In the last decade, the industry has noticed remarkable research and development activities related to 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 have developed composite pallets to reduce the overall weight, but they could not offer other required properties and performance, such as durability. Composite pallets have a higher damage rate than conventional pallets.

     

    Air Cargo Unit Load Device (ULD) Market Share Analysis

    Air Cargo Unit Load Device (ULD) Market Share by Device Type

    The air cargo ULD market is segmented based on device type as containers and pallets. The container is expected to remain the larger 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. Pallet is also likely to witness a healthy growth rate in years to come.

    Air Cargo Unit Load Device (ULD) Market Share by Product Type

    The air cargo ULD market is also segmented based on the product type as LD3, LD6, LD11, M1, PMC, PAG, and Others. There are several types of ULDs used on 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 passengers as well as 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.

    Air Cargo Unit Load Device (ULD) Market Share by Deck Type

    Based on the deck type, the air cargo ULD market is segmented into lower deck and main deck. Lower deck is projected to remain the larger segment of the air cargo ULD market during the forecast period, driven by the usage in both passenger and freighter aircraft. Passenger aircraft uses mainly its lower hold for ULDs, whereas freighter aircraft uses both main deck and lower hold for ULDs.

    Air Cargo Unit Load Device (ULD) Market Share by Material Type

    Based on the material type, the market is broken down into composite ULDs, metal ULDs, and other ULDs. Composite-based air cargo ULD is likely to experience the highest growth during the forecast period. The increasing demand for lightweight containers to increase fuel efficiency is the major driver of the segment. High durability and increased life of containers are the other major drivers of the segment. Composite-based containers are about 20% to 40% lighter than that of aluminum-based similar-sized containers.

    Air Cargo Unit Load Device (ULD) Market Share by Aircraft Type

    Based on the aircraft type, the air cargo ULD market is bifurcated into narrow-body aircraft, wide-body aircraft, Very Large Body Aircraft, and Military Aircraft. Wide-body aircraft is expected to remain the largest demand generator of cargo ULDs 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. The aircraft type is also expected to experience the highest growth for the same period.

    Air Cargo Unit Load Device Market Forecast

    Key Players

    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 Safran Cabin (Zodiac AirCargo Equipment), Nordisk Aviation Products, VRR Aviation, DokaSch GmbH, and Satco Inc. The development of lightweight containers, the formation of 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.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 427.5 million

    Forecast

    5.5% CAGR during 2019-2024

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, the UK, Italy, Russia, China, Japan, India, Korea, the Middle East, Latin America and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Air Cargo Unit Load Device (ULD) Market Size, Share & Forecast by Device Type:

    • Containers
    • Pallets

    Air Cargo Unit Load Device (ULD) Market Size, Share & Forecast by Product Type:

    • LD3
    • LD6
    • LD11
    • M1
    • PMC
    • PAG
    • Others

    Air Cargo Unit Load Device (ULD) Market Size, Share & Forecast by Deck Type:

    • Lower Deck
    • Main Deck

    Air Cargo Unit Load Device (ULD) Market Size, Share & Forecast by Sales Type:

    • Manufacturing
    • Repair

    Air Cargo Unit Load Device (ULD) Market Size, Share & Forecast by Material Type:

    • Composite-Based ULD
    • Metal-Based ULD
    • Other Material-Based ULD

    Air Cargo Unit Load Device (ULD) Market Size, Share & Forecast by Aircraft Type:

    • Narrow-Body Aircraft
    • Wide-Body Aircraft
    • Very Large Aircraft
    • Military Aircraft

    Air Cargo Unit Load Device (ULD) Market Size, Share & Forecast by Application Type:

    • Passenger Aircraft
    • Freighter Aircraft

    Air Cargo Unit Load Device (ULD) Market Size, Share & Forecast by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Italy, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: the Middle East, Latin America, and Others)

     

    Report Features

    The 330-page comprehensive report, from Stratview Research, provides a comprehensive analysis that reflects today’s air cargo ULD market realities and future possibilities for the forecast period of 2019 to 2024. After a continuous interest in our air cargo container market report from the industry stakeholders, we have tried to develop another specific report on air cargo ULDs in order to provide the crystal-clear picture of the market. The report provides the air cargo ULD market size, five-year trend (2013-2018), and five-year forecast (2019-2024). Furthermore, the report segments and analyses the market in the most comprehensive manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available as well as the formulation of growth strategies.

    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.


    Frequently Asked Questions (FAQs)

    What is Air Cargo Unit Load Device?

    Air Cargo Unit Load Device (ULD) is a container that used for loading freight, mail, or luggage on aircraft. It helps in carrying large cargo quantities in the form of a single unit. Air Cargo Unit Load Device (ULD) 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 crews time and efforts.

    What will be the size of the Air Cargo Unit Load Device (ULD) Market in the foreseeable years?

    Driven by a number of factors like increasing deliveries of commercial aircraft, the air cargo unit load device market is projected to reach an estimated value of US$ 427.5 million in 2024.

    Who are the key players in the Air Cargo Unit Load Device (ULD) Market?

    Cobham Plc., Honeywell International Inc., Air Liquide S.A., Safran S.A. (Zodiac aerospace), and Collins Aerospace (United Technologies Corporation). are among the key players in the military aircraft oxygen system market.

    Which type of deck is expected to remain dominant?

    Lower Deck is expected to remain dominant in the air cargo unit load device market during the forecast period of 2019-2024.

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