Global Unit Load Device Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2027. Unit Load Device Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Unit Load Device market and provides information regarding the revenue for the period 2020 to 2027.
Global Unit Load Device Market Size to reach USD 2.52 billion by 2027. 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.
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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.
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 regional analysis of global Unit Load Device market size 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.
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
By Material Type:
By Container Type:
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