Global ULD/Container Market Size By Product Type (LD-1, LD-8, M-1, LD-2, LD-9, M-2, LD-3), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global ULD/Container Market Size By Product Type (LD-1, LD-8, M-1, LD-2, LD-9, M-2, LD-3), By Geographic Scope And Forecast
ULD/Container Market Size And Forecast
In terms of volume, The Global ULD/Container Market was 977.61 Thousand Units in 2021 and is projected to reach 1,594.50 Thousand Units by 2030, growing at a CAGR of 5.91% from 2023 to 2030.
The increasing demand for lightweight containers to boost fuel efficiency is a major driver of the market. Furthermore, rising aircraft orders are boosting the demand for ULDs globally. The Global ULD/Container Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global ULD/Container Executive Summary
Unit Load Devices (ULDs) play an important role in eliminating the need for loading and unloading cargo manually on the aircraft. ULDs shield the contents, and goods of the cargo so that the products can reach their destination intact and undamaged. They make the most of the cargo capacity of the aircraft. They also make it possible for cargo to be transferred between planes quickly and simply. The Global ULD/Container Market is segmented into, LD-3, LD-6, LD-11, M-1, LD-2, LD-1, LD-4, LD-7, LD-8, LD-9, LD-26, LD-29, LD-39, M-2, M-6, Pallet Containers, Type A Pen, Demi, and HMA Stall, based on product type. The demand for LD-3 containers is higher than other types as it is very compatible with Boeing and Airbus widebody aircraft, like B747, B767, and the rest of the other types of aircraft.
Based on Geography, the Global ULD/Container Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is holding the largest share of the Global ULD/Container Market. With a broad client base and established distribution channels, the Asia-Pacific market for ULD/Containers has a significantly growing segment. The end-use industry sectors in this region make extensive use of ULD/Containers as the demand is growing with growing multinational manufacturing companies including consumer products, personal care, electronics, processed food, and pharmaceutical, amongst others, across the region.
 Global ULD/Container Market Attractiveness Analysis
The Global ULD/Container Market is experiencing a scaled level of attractiveness in North America. North America has a prominent presence and holds a significant share of the global market. It is anticipated to account for a significant market share of 33.66% by 2030. The region is projected to gain an incremental market value of 151.19 Thousand Units and grow at a CAGR of 4.84% between 2023 and 2030.
In North America, the growing prominence of international trade, rising demand for lightweight ULDs, and growing requirement for cold containers are anticipated to boost the ULD/Container market. Furthermore, the European region is also growing at a faster pace. Also, the Asia Pacific region is anticipated to account for the market share by 2030. Middle East & Africa is growing with the highest CAGR of 8.83% during the forecasted period to gain incremental market value.
 Global ULD/Container Market absolute Market Opportunity
The above diagram represents the absolute market opportunity for the Global ULD/Container Market. The Global ULD/Container Market is estimated to gain 45.72 Thousand Units in 2023 over 2022 value and the market is projected to gain a total of 616.89 Thousand Units between 2021 and 2030. The factors that are responsible for the market to create a potential growth opportunity in the forecasted period include
Global ULD/Container Market Outlook
The increasing demand for lightweight containers to boost fuel efficiency is a major driver of the market. Furthermore, rising aircraft orders are boosting the demand for ULDs globally. The increasing deliveries of commercial aircraft, growing demand for lightweight ULDs, rising ULDs fleet size, and advancements in technology are some of the major factors driving the market growth. Furthermore, the market leads to suffering a decline in the year 2020 owing to the consideration of the pandemic (COVID- 19) effect on the market. The decline is mainly owing to the economic slowdown. To prevent the spread of the virus, the government has imposed a lockdown and advised people to stay indoors to practice social distancing. These factors halted economic activity across the globe. In addition, the impact has adversely affected businesses of different sizes. However, the aftershock of the pandemic introduces significant opportunities for the Global ULD/Container Market.
Global ULD/Container MarketSegmentation Analysis
The Global ULD/Container Market is segmented on the basis of Product Type, and Geography.
ULD/Container Market, By Product Type
Based on Product Type, the market is segmented into LD-1, LD-8, M-1, LD-2, LD-9, M-2, LD-3, LD-11, M-6, LD-4, LD-26, Pallet Containers, LD-6, LD-29, Type A Pen, LD-7, LD-39, Demi, and HMA Stall . LD-3 accounted for the largest market share of 14.26% in 2021, with a market and is projected to grow at a CAGR of 4.91% during the forecast period. LD-6 was the second-largest market in 2021. LD-3 is a type of contoured container that also has a half-width and one angled side. Its door is either canvas or solid. LD-3 is a type 8 contour container that includes LD-3 contour containers, LD-3 45, and LD-3 Reefers as well. IATA ULD code for LD-3 is AKE contoured container and for LD-3 Reefer is RKN contoured cool container. LD-3 45 is a double contour container that has IATA ULD code AKH. LD-3 contour containers are suitable for Airbus and Boeing widebodies, DC-10/MD-11, L-1011, Airbus A319/Airbus A320/Airbus A321, DC-10, and MD-11 lower hold. The followings are the properties of the LD-2 container.
ULD/Container Market, By Geography
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On the basis of regional analysis, the Global ULD/Container Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. As seen in the above figure, North America accounted for the largest market share of 36.88% in 2021, and is projected to grow at a CAGR of 4.84% during the forecast period. Europe was the second-largest market in 2021. The North America is the most developed region in the world in almost all industries including healthcare, life sciences, infrastructure, manufacturing, e-commerce, and technology, amongst others. North America is going to hold the largest market share during the forecasted period due to various driving factors including, the rising demand for ULDs in different industries across North America, the rise in the number of domestic as well as international cargo flights, growing demand from e-commerce industry across the region, and the rest others. Demand for ULDs across the North American continent is growing due to the booming logistics industry.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2018-2030
BASE YEAR
2021
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2018-2020
UNIT
Value (Thousand Units)
SEGMENTS COVERED
Product Type, and Geography.
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