Press release
Unit Load Device Global Market Analysis Development Trends, Industry Growth Opportunities, Regional Demand and Forecast 2024-2033 | Safran S.A., Zodiac Aerospace, Envirotainer AB, Brambles Group, Teijin Aramid B.V
Unit Load Device Global Market
The Business Research Company offers in-depth market insights through Unit Load Device Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The unit load device market size has grown strongly in recent years. It will grow from $2.14 billion in 2023 to $2.28 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to air cargo growth, standardization in air freight, transition to containerized cargo, material and technological advancements, regulatory guidelines.
The unit load device market size is expected to see strong growth in the next few years. It will grow to $2.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to adoption of lightweight materials, focus on sustainable solutions, customization for specialized cargo, innovation in uld tracking systems, global supply chain resilience. Major trends in the forecast period include ulds for temperature-sensitive cargo, dynamic uld management systems, adaptive uld designs for e-commerce logistics, ulds for remote and unmanned cargo operations, efficient uld utilization with space optimization.
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Market Segmentation:
The unit load device market covered in this report is segmented -
1) By Product Type: Lower Deck (LD) 3 Containers, Lower Deck (LD) 6 Container, Lower Deck (LD) 11 Container, M 1 Container, Pallets, Other Product Types
2) By Container Type: Normal Container, Cold Container, Other Containers
3) By Material Type: Composite, Metal, Other Materials
4) By Application: Civil Air Transport, Cargo Air Transport, Other Applications
Major Driver - Surge In Air Travellers To Drive Market Growth
An increasing number of air travelers is expected to propel the growth of the unit load device (ULD) market going forward. Air travelers are people who use airplanes as a mode of transportation to reach their desired destinations, whether for business or leisure purposes. As the number of air travelers grows, it is leading to increased demand for luggage and cargo shipments. For instance, in March 2022, according to the International Air Transport Organization, a Canada-based worldwide trade organization for airlines, total traveler numbers are likely to approach pre-COVID-19 levels in 2024. Furthermore, global air traffic climbed by 55.5% in April 2023, compared to 2022, while domestic travel increased by 25.2%. Therefore, the increasing number of air travelers will drive the unit load device (ULD) market.
Competitive Landscape:
Major companies operating in the unit load device market report are DSV A/S, Safran S.A., Zodiac Aerospace, Sonoco Products Company, Brambles Group, TransDigm Group Incorporated,Röhlig Logistics, Teijin Aramid B.V, Bastian Solutions, The Descartes Systems Group Inc., AirBridge Cargo, ANA Cargo, Unilode Aviation Solutions, Unilode Aviation Solutions, Envirotainer AB, SAE International, CSafe Global, Satco Inc., ACL Airshop, Nordisk Aviation Products AS, Nippon Cargo Airlines, Cargo Composites, VRR Aviation, Palnet GmbH Air Cargo Products,DoKaSch GmbH, Aerotranscargo, AEROTUF, Qantas Freight, Astracon LLC, WTC Logistics.
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Top Trend - Strategic Partnerships Transforming The Unit Load Devices Market
Strategic Partnership is a key trend gaining popularity in the unit load devices market. Many companies operating in the unit load devices market are looking for partnerships to strengthen their position in the unit load devices market. For Instance, in June 2022, Etihad Cargo, a UAE-based cargo business of Etihad Aviation Group that provides reliable cargo and air freighter solutions, was awarded a five-year contract from Jettainer GmbH, a Germany-based logistic service provider through which Jettainer is going to continue to supply and handle unit load devices (ULDs) to the airline carrier. Following a thorough examination of Etihad Cargo's and its customer's requirements, Jettainer is moving the partnership further by integrating Bluetooth low energy (BLE) tags throughout the airline's complete ULD fleet.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Unit Load Device Market Characteristics
3. Unit Load Device Market Trends And Strategies
4. Unit Load Device Market - Macro Economic Scenario
5. Unit Load Device Market Size And Growth
…..
27. Unit Load Device Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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