DUBLIN, April 22, 2022–(BUSINESS WIRE)–The “Air Cargo Containers – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.

Global Air Cargo Container Market to Reach $302.8 Million by 2026

Amid the COVID-19 crisis, the global air cargo container market estimated at US$233.9 million in 2020 is expected to reach a revised size of US$302.8 million by 2026, with growth at a CAGR of 4.5% over the analysis period.

There are over 900,000 ULDs with an estimated value of US$1 billion, which are covered by IATA regulations. These containers are widely separated into air cargo pallets and lower deck or box type containers. ULD pallets are made of heavy-duty aluminum sheets and feature ledges to lock into cargo net lugs.

On the other hand, ULD containers, also called pods or cans, represent closed containers made of aluminum or a combination of Lexan and aluminum. Some of these containers also feature built-in refrigeration units to transport temperature-sensitive products. A ULD comes with a unique ULD number for identification. While the three letter prefix signifies the type and characteristics of a ULD, the four or five digit serial number differentiates it from other units. The last two characters designate the owner of the container or pallet.

LD-3, one of the segments analyzed in the report, is expected to register a CAGR of 4.9% and reach US$238.1 million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the LD-11 segment is readjusted to a revised CAGR of 3.9% for the next 7-year period.

The US market is estimated at $64 million in 2021, while China is expected to reach $49.9 million by 2026

The United States air cargo container market is estimated to be worth US$64 million in 2021. China, the world’s second largest economy, is expected to reach a projected market size of US$49.9 million by 2026, with a CAGR of 6.3% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasting growth of 3.1% and 4.4% respectively over the analysis period. In Europe, Germany is expected to grow around 3.6% CAGR.

The story continues

The market is expected to be driven by a continued increase in freight traffic owing to the expansion of e-commerce, e-commerce and pharmaceutical industries coupled with strong demand for high-priority, high-speed and visibility services. The focus on accelerating delivery time is one of the major factors that will drive the future growth of the market.

Major events organized by major e-commerce portals such as Big billion days and Single’s day are pushing the demand for fast delivery. On the other hand, pharmaceutical players need a faster transport option for temperature-sensitive products, mainly vaccines. In addition, the evolution of the supply chain as well as the temperature screening regulations specified by the International Air Transport Association (IATA) to address transport and handling issues related to pharmaceutical and health products do not will not fail to strengthen the market.

These guidelines cover the standards associated with temperature and time sensitive labels and the goods acceptance checklist to reduce the risk of mishandling. Market growth is also facilitated by advances in container technology and the development of more durable and lightweight containers. Rising air deliveries and the adoption of wide-body aircraft are expected to further increase the demand for air cargo containers in the aviation industry.

Market growth is likely to be fueled by the increasing use of low deck containers in cargo aircraft and large passenger aircraft, as well as the availability of custom low deck containers for specialized aircraft. These factors are sure to create a perfect ground for the global expansion of the global air cargo container market in the coming years.

LD-6 segment to reach $14.7 billion by 2026

In the global LD-6 segment, the United States, Canada, Japan, China and Europe will drive the estimated CAGR of 3.9% for this segment. These regional markets representing a combined market size of US$8.7 million in 2020 will reach a projected size of US$11.3 million by the end of the analysis period.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

• The COVID-19 pandemic is seriously disrupting the global freight forwarding and freight container industry

• Regional Market Review

• Key points to remember

• Logistics industry bears the brunt of COVID-19

• COVID-19 disrupts the air cargo industry

• Air freight containers: offering means for optimal and faster delivery of goods by air

• Container compatibility with aircraft

• Types of cargo planes

• Increase in cargo traffic to enable the global air cargo container market to experience long-term growth

• The need to transport goods faster is driving the growth of the market

• Gains for pharmaceutical logistics to drive growth

• Demand for temperature-controlled containers creates new avenues

• The expansion of commercial airlines and the need to transport military goods is fueling growth

• Economic slowdown and trade protectionism hamper growth

• LD-3 maintains its position as the most popular container type

• Metals remain the main material type segment

• Commercial Aircraft Container Application Segment to Witness Fastest Growth Rate

• The wide-body aircraft segment will hold a large share

• Regional Analysis: Rising Trade Activity Makes Asia-Pacific a Booming Market for Air Cargo Containers

• Air Cargo Industry Heads for Healthy Demand Amid Tight Capacity

• Global Air Cargo Container Market Heads for Fierce Competition

• Air Cargo Container Owners Are Under Intense Pressure Due to Rising Outbound Freight Rates

• Companies are using technological innovations for smarter and lighter ULDs

• Recent market activity

• Select Innovations

2. FOCUS ON SELECT PLAYERS (Total 24 Featured)

• ACL Airshop LLC

• AEROTUF

• DoKaSch Temperature Solutions GmbH

• Envirotainer AB

• Granger Industries, Inc.

• Nordisk Aviation Products AS

• PalNet GmbH Airfreight Products

• Safran S.A.

• Satco inc.

• Vinyl Technology Inc.

• VRR Aviation

3. MARKET TRENDS AND DRIVERS

• The container industry will continue to feel the heat of the COVID-19 crisis in 2021

• Cargo as a Blessing Allows Air Cargo Demand to Exceed Capacity Amid COVID-19

• Stable commercial aviation outlook signals long-term growth opportunities for air cargo container market

• Convert airlines and share space to meet demand

• Significant trends altering and governing the air cargo logistics landscape

• The air cargo industry is undergoing a significant transformation with new approaches

• Digitization is transforming the air cargo industry

• Big Data Analytics is gaining importance in freight management

• ULD: the invisible backbone of air cargo

• Major Advances in ULD Tracking Technologies

• The air cargo industry is focused on developing and manufacturing lightweight ULDs

• Real-time tracking: a boon for logistics providers

• Key Trends Influencing Pharmaceutical Airfreight

• Distributing a Potential COVID-19 Vaccine to Boost Demand for Air Cargo Containers

• Challenges for air cargo growth

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/edaio

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220422005370/en/

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