Stratview Research has published a new report on the Air Cargo Containers Market, segmented by Container Type (LD-3, LD-6, LD-11, M-1, and Others), by Material Type (Composite Container, Metal Container, and Other Containers), 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). This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
The air cargo containers market was estimated USD 164.0 million in 2021 is expected to grow at a healthy CAGR of 7.2% over the next five years to reach USD 269.2 million in 2028. 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 are 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.
Segmentation –
This report studies the Air Cargo Containers Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
The market is segmented based on the container type as LD-3, LD-6, LD-11, M-1, and other containers. 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 as well. 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. It can also be interchangeably used by replacing other container types.
Based on the material type, the market is segmented as composite containers, metal containers, and other containers. Metal is expected to remain the largest material type in the market during the forecast period. Easy availability of metal containers, excellent track record, and low cost are some of the major growth drivers of the metal containers.
Composite containers segment is likely to witness the highest growth during the forecast period. Superior flame retardancy, higher corrosion resistance, and higher strength-to-weight ratio at a relatively low weight in comparison with metal containers are the major growth drivers of these versatile materials. Additionally, composite containers do not damage easily; thus, help ULD management companies and airlines to address the biggest challenge of reducing the container repair cost. Composites containers are about 20% to 40% lighter than that of aluminum containers.
Following are the key players in the Air Cargo Containers Market:
- Zodiac AirCargo Equipment
- Cargo Composites
- Nordisk Aviation
- VRR-Aviation
- DokaSch GmbH
- Satco Inc.
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