Stratview Research announces the launch of a new market research report on Global Air Cargo Containers Market by Container Type (LD-3, LD-6, LD-11, M-1, and Others), by Material Type (Composites, Metals, and Others), 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), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
The Global Air Cargo Containers Market: Highlights
As per Stratview Research, the global air cargo container market offers a robust growth of 5.5% CAGR during the forecast period of 2019 to 2024 and reach US$ 341.3 million in 2024, which offers an opportunity to the aviation industry players to align themselves with the market growth.
There are several factors bolstering the growth of cargo containers market in the global aviation industry. The author of the report cited 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 as[ 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.
As per the report, 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. 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.
Based on material type, metals are expected to remain the largest material type in the global air cargo containers market during the forecast period. The easy availability of metal containers, ease of reparability, an excellent track record, and the lower cost are the major growth drivers of the metal-based air cargo containers market. Composite-based containers segment is likely to witness the highest growth during the forecast period. The superior flame resistance, higher corrosion resistance, the higher strength-to-weight ratio at relatively low weight in comparison with metal-based containers are the major growth drivers of these versatile materials.
The report’s findings suggest that wide-body aircraft is expected to remain the largest and fastest-growing aircraft type in the global air cargo containers market during the forecast period. A high number of containers per aircraft, increasing deliveries 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 global air cargo containers market is highly consolidated with the top 5 players (Zodiac AirCargo Equipment, Nordisk Aviation, Satco Inc., VRR-Aviation, and DoKaSch GmbH) capturing more than 75% of the market in 2016.
Development of lightweight containers, partnership with ULD management companies, and regional expansion are the key strategies adopted by the major players to gain a competitive edge in the market.
This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the research report:
About Stratview Research
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We have a strong team of industry veterans and analysts having an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy and Voice of Customer studies.
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