What is Air Cargo Unit Load Device (ULD) Market Scope?
A unit load device can be defined as a container or pallet used for loading luggage, freight, and mail on commercial and cargo aircraft for the transportation of goods. In the commercial aviation sector, the vendors have already been facing a lot of challenges such as disruption in production due to slowdown in aircraft demand, workers went their homes due to COVID-19, steep drop in passenger traffic, and delay in aircraft deliveries due to disrupted supply chain across the world. The USA air cargo ULD market is expected to grow at a moderate pace during the forecast period, according to the AMA study. Moreover, the rising air cargo transportation of goods across international trade and the growing demand for lightweight ULDs are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a moderate pace after the effect of the COVID-19 pandemic is overcome by the industry.
Influencing Trend:
The Rising Usage of Refrigerated Technologies in Order to Ensure Safe Transportation of Perishable Goods from Air Cargo
Market Growth Drivers:
Increasing Air Cargo Transportation and High Demand for Light Weight ULDs
Challenges:
Disrupted Aerospace Transportation in the FY 2020 Due to COVID-19 Pandemic
Restraints:
Fluctuations in Raw Materials Prices
Opportunities:
Growing Demand for ULDs from International Trade Across the United States
The Air Cargo Unit Load Device (ULD) market study is being classified by Type (Containers (Upper Deck, Lower Deck, Both) and Pallets), by Application and major geographies with country level break-up.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the market. The recent industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as most of the air cargo transportation have been shut down & impacting the commercial aerospace sector. Analysts at AMA predicts that Manufacturers from United States, Netherlands will contribute to the maximum growth of Global Air Cargo Unit Load Device (ULD) market throughout the predicted period.
ACL Airshop (Netherlands), Brambles Limited (Australia), DoKaSch GmbH (Germany), Envirotainer (Sweden), Flite Line – A Goldhofer Company (United States), Nordisk Aviation Products AS (Norway), PalNet GmbH Air Cargo Products (Germany), Safran (France), Satco, Inc. (United States), TransDigm Group (United States), Unilode Aviation Solutions (Switzerland) and VRR (Netherlands) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Air Cargo Unit Load Device (ULD) market by Type, Application and Region.
On the basis of geography, the market of Air Cargo Unit Load Device (ULD) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In December 2019, ACL Airhop announced that it has joined forces with VRR to launch the first-ever collapsible AAY container at Inter Airport Europe 2019.
In January 2021, Envirotainer announced that it is expanding its global station network by adding another station in India, in the city of Bangalore (BLR) which becomes the 43rd station in the Envirotainer network to carry the flagship RAP e2 which is currently commonly used for the temperature-sensitive COVID-19 vaccine shipments across the world.
Stringent Government Regulations Regarding Travel Bans on Flights Across the World Due to COVID-19, has Impacted the USA Aerospace Sector Severely and also it has led to Negative Impact on the Demand for Air Cargo Unit Load Devices acrosss the United States
Key Target Audience
Manufacturers, Distributors/Traders/Wholesalers, Subcomponent Manufacturers, Industry Association and Downstream Vendors
Air Cargo Unit Load Device (ULD) Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Analyst View
Research Says, "After a healthy global aircraft demand in 2018, the demand for commercial aircraft declined in the 2019 which was expected to regain its growth in the FY 2020 before the COVID-19 pandemic scenario. After the COVID-19 pandemic across the world, the demand for commercial aircraft has been significantly affected as the air passenger traffic is reduced heavily around the world. At the same time, the demand for military aircraft has remained unaffected by the pandemic. Therefore, the commercial aerospace sector is expected to recover slowly, as the demand for air travel is going to recover back to the 2019 level by 2024 which is expected to hamper the growth of air cargo ULDs market for the commercial aviation sector. Moreover, the demand for air cargo ULDs for military applications is expected to remain constant during the forecast period which is expected to drive the market demand during the near future."
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Air Cargo Unit Load Device (ULD) Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Air Cargo Unit Load Device (ULD) industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.