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Overview and Scope
Unit load devices (ULDs) are containers used to convey luggage and cargo in the holds of appropriately sized and equipped aircraft. They are used for safely loading and unloading cargo from the aircraft.
Sizing and 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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Segmentation & Regional Insights
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
North America was the largest region in the unit load device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the unit load device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting 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.
Key Industry Players
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.
The unit load device market report table of contents includes:
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. Global Unit Load Device Market Size and Growth
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32. Global Unit Load Device Market Competitive Benchmarking
33. Global Unit Load Device Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Unit Load Device Market
35. Unit Load Device Market Future Outlook and Potential Analysis
36. Appendix
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