Global Unit Load Device Market is valued approximately USD 1.72 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.90 % over the forecast period 2020-2027. Unit load Device is a container used to load luggage, mail and freight on narrow bodsy and wide body aircrafts. The Unit Load Device primarily bundles huge quantity of cargo into a single unit leading to fewer number of units to be loaded saving both effort and time. These are utilized for the storage of cargo on aircrafts thus the increasing air freight owing to the import and export activities through air drives the market growth. Also, increasing air passenger traffic leads to increased air cargo propelling the demand for these devices. According to the Euro Ccontrol Data, as of 2017 around 9.6 million flights were controlled in the European Union Member states. The high passenger numbers can be seen through the number of flights taking off per day, which was led by London with 1597 departures, followed by Paris with 1053 departures and then by Istanbul. While, the Freight ton kilometers in Europe rose by 11.8% in 2017. Further, advantages of using these devices such as faster loading and unloading, protection against hazardous weather conditions augments the demand for Unit Load Devices. Moreover, increasing requirement for cold containers along with growing demand for light weight Unit load Devices boost the market growth. However, high repair cost of unit load devices, and stringent rules and regulations impedes the growth of the market over the forecast period of 2020-2027. Although, increasing research in Unit Load Devices application in aviation presents a lucrative opportunity for the market.
The regional analysis of global Unit Load Device market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of technology and higher penetration of air travel in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing airports would create lucrative growth prospects for the Unit Load Device market across Asia-Pacific region.
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Major market player included in this report are:
Nordisk Aviation Products AS
Zodiac Aerospace
VRR Aviation
DoKaSch GmbH
Satco, Inc.
Brambles Group
TransDigm Group Incorporated
ACL AIRSHOP
Palnet GmbH Air Cargo Products
Envirotainer AB
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Lower Deck 3
Lower Deck 6
Lower Deck 11
M 1
Pallets
By Application:
Commercial
Cargo
By Material Type:
Metal
Composite
By Container Type:
Normal
Cold
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
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Target Audience of the Global Unit Load Device Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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