Unit Load Device Market Forecasts to 2028 – Global Analysis By Product (Pallets, Container), Material (Composite, Metal), Application (Civil Air Transport, Military), Channel (Distributor, Direct) and By Geography
According to Stratistics MRC, the Global Unit Load Device Market is accounted for $1.93 billion in 2020 and is expected to reach $3.15 billion by 2028 growing at a CAGR of 6.3% during the forecast period. Increasing adoption of cold containers and increasing demand for lightweight product for cargo operations are driving the market growth. However, high maintenance cost of ULD’s is hampering the growth of the market.
A unit load device is either an aircraft container or a pallet that is widely adopted across the aviation sector to hold the cargo and baggage during a flight and used to carry loads aircrafts. The main function of ULD is to load and unload the cargos. ULD enables the cargos to collect in a single unit and can be then loaded on or off from an aircraft. ULDs aids in saving the time and effort of the ground crew by allowing larger quantities of baggage to be bundled in a single unit.
Based on the product, the container segment is going to have lucrative growth during the forecast period due to the increasing demand for containers to carry loaded luggage, cargo, and goods on commercial aircrafts. The lower deck container is structured as a container with half-width lower deck and can efficiently carry a weight of 82 kg to a maximum gross weight of up to 1,588 KG. By geography, North America is going to have high growth during the forecast period due to the increasing focus of established companies to develop advanced unit load device management solutions and the growing procurement of ULDs in the region.
Some of the key players profiled in the Unit Load Device Market include Brambles Group, Cargo Composites, Dokasch GmbH, Zodiac Aerospace, Envirotainer AB, Satco, Inc., Nordisk Aviation Products, CSafe Global, VRR Aviation, TransDigm Group Inc., PalNet GmbH Air Cargo Products and ACL Airshop.
Estimated Market Size in 2020:
USD 1.93 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 3.15 billion
Tables, Graphs& Figures
Product, Material, Container Type, Application, Sales Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• M 1 Container
Container Types Covered:
• Cold Container
• Normal Container
• Commercial Air Transport
• Cargo Air Transport
• Civil Air Transport
Sales Channels Covered:
• Direct Sales
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Unit Load Device Market is majorly driven by increasing demand for lightweight product for cargo operations, increasing adoption of cold containers and growth in international trade.
The commercial air transport segment is growing at a highest CAGR owing to rise in passenger traffic has led to increase in air cargo.
Asia Pacific dominated with a significant market share due to the factors such as increase in disposable income of people has resulted in rise in the number of passengers travelling by air and the rising air transport industry in countries such as China and India.
North America market is growing at a highest CAGR due to the increasing focus of established companies to develop advanced unit load device management solutions.
Key players in Unit Load Device Market include Brambles Group, Cargo Composites, Dokasch GmbH, Zodiac Aerospace, Envirotainer AB, Satco, Inc., Nordisk Aviation Products, CSafe Global, VRR Aviation, TransDigm Group Inc., PalNet GmbH Air Cargo Products and ACL Airshop.
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