Aerospace Industry Today
Air Cargo Containers Market is Likely to reach US$ 341.3 million in the coming Years
Stratview Research has launched a new research report on Air Cargo Containers Market. Published on Oct, 2018, this 290-page report segments the market in following ways to provide a 360-degree holistic view.
Published 29 May 2019
The forecast of the market size has been segmented by –
● by Container Type (LD-3, LD-6, and Others)
● by Deck Type (Lower Deck and Main Deck)
● by Material Type (Composite Containers, Metal Containers, and Others)
● by Application Type (Passenger Aircraft and Military Aircraft)
● by Sales Type (Container Manufacturing and Container Repair)
● by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Others)
● and by Region
○ North America (Country Analysis: the USA, Canada, and Mexico)
○ Europe (Country Analysis: Germany, France, the UK, Italy, Russia, and Rest of Europe)
○ Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
○ Rest of the World (Sub-Region Analysis: The Middle East, Latin America, and Others)
The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Air Cargo Containers market.
Years considered for this report –
Or
Get a free sample of the report
lightweight and more durable containers
The air cargo containers market is expected to grow at a healthy rate over the next five years to reach US$ 341.3 million in 2024. 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.
LD-3 is the most widely preferred container type
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.
Metal to remain the largest material type
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 to witness the highest growth
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.
Passenger aircraft to remain the largest and fastest-growing application
Based on the application type, the market is segmented as passenger aircraft and freighter aircraft. Passenger aircraft is expected to remain the largest and fastest-growing application type in the market during the forecast period. Increasing passenger and cargo traffic, introduction of variants of existing aircraft programs (B737 Max, A320neo, and B777x), market entry of new aircraft programs (C919 and MC-21), and rising aircraft fleet size are driving the production of aircraft; therefore, containers used in it. Passenger aircraft usually use its lower hold for carrying containers from one location to another location.
Wide-body aircraft to remain the largest and fastest-growing aircraft type
Based on aircraft type, the market is segmented as the narrow-body aircraft, wide-body aircraft, very large aircraft, and military aircraft. Wide-body aircraft is expected to remain the largest and fastest-growing aircraft type in the market during the forecast period. High number of containers per aircraft, increasing deliveries of wide-body aircraft, and increasing demand for wide-body aircraft by cargo airlines are some of the major growth drivers of the segment.
Top market players
The supply chain of this market comprises raw material suppliers, panel manufacturers, container manufacturers, distributors, ULD management companies, and airline companies. The key air cargo container manufacturers are Zodiac AirCargo Equipment, Cargo Composites, Nordisk Aviation, VRR-Aviation, DokaSch GmbH, and Satco Inc. Development of lightweight containers, a partnership with ULD management companies, and regional expansion are the key strategies adopted by the major players to gain a competitive edge in the market.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the global Air Cargo Containers market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
● by Container Type (LD-3, LD-6, and Others)
● by Deck Type (Lower Deck and Main Deck)
● by Material Type (Composite Containers, Metal Containers, and Others)
● by Application Type (Passenger Aircraft and Military Aircraft)
● by Sales Type (Container Manufacturing and Container Repair)
● by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Others)
● and by Region
○ North America (Country Analysis: the USA, Canada, and Mexico)
○ Europe (Country Analysis: Germany, France, the UK, Italy, Russia, and Rest of Europe)
○ Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
○ Rest of the World (Sub-Region Analysis: The Middle East, Latin America, and Others)
The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Air Cargo Containers market.
Years considered for this report –
- base year 2019
- trend period 2013 – 2018
- forecast period 2019 – 2024
Or
Get a free sample of the report
lightweight and more durable containers
The air cargo containers market is expected to grow at a healthy rate over the next five years to reach US$ 341.3 million in 2024. 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.
LD-3 is the most widely preferred container type
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.
Metal to remain the largest material type
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 to witness the highest growth
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.
Passenger aircraft to remain the largest and fastest-growing application
Based on the application type, the market is segmented as passenger aircraft and freighter aircraft. Passenger aircraft is expected to remain the largest and fastest-growing application type in the market during the forecast period. Increasing passenger and cargo traffic, introduction of variants of existing aircraft programs (B737 Max, A320neo, and B777x), market entry of new aircraft programs (C919 and MC-21), and rising aircraft fleet size are driving the production of aircraft; therefore, containers used in it. Passenger aircraft usually use its lower hold for carrying containers from one location to another location.
Wide-body aircraft to remain the largest and fastest-growing aircraft type
Based on aircraft type, the market is segmented as the narrow-body aircraft, wide-body aircraft, very large aircraft, and military aircraft. Wide-body aircraft is expected to remain the largest and fastest-growing aircraft type in the market during the forecast period. High number of containers per aircraft, increasing deliveries of wide-body aircraft, and increasing demand for wide-body aircraft by cargo airlines are some of the major growth drivers of the segment.
Top market players
The supply chain of this market comprises raw material suppliers, panel manufacturers, container manufacturers, distributors, ULD management companies, and airline companies. The key air cargo container manufacturers are Zodiac AirCargo Equipment, Cargo Composites, Nordisk Aviation, VRR-Aviation, DokaSch GmbH, and Satco Inc. Development of lightweight containers, a partnership with ULD management companies, and regional expansion are the key strategies adopted by the major players to gain a competitive edge in the market.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors.
This report studies the global Air Cargo Containers market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
- Extensive secondary research,
- Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
- Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
- More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
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