Sat, 06 Mar 2021

Unit Load Device Market: adds "Global Unit Load Device Market Research Report 2021 Analysis and Forecast 2027" reports to its database.

Executive Summary

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.

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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.

Major market player included in this report are:Nordisk Aviation Products ASZodiac AerospaceVRR AviationDoKaSch GmbHSatco, Inc.Brambles GroupTransDigm Group IncorporatedACL AIRSHOPPalnet GmbH Air Cargo ProductsEnvirotainer 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 3Lower Deck 6Lower Deck 11M 1Pallets

By Application:CommercialCargo

By Material Type:MetalCompositeBy Container Type:NormalCold

By Region:North AmericaU.S.CanadaEuropeUKGermanyFranceSpainItalyROE

Asia PacificChinaIndiaJapanAustraliaSouth KoreaRoAPACLatin AmericaBrazilMexicoRest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018Base year – 2019Forecast period – 2020 to 2027

Target Audience of the Global Unit Load Device Market in Market Study:

Key Consulting Companies & AdvisorsLarge, medium-sized, and small enterprisesVenture capitalistsValue-Added Resellers (VARs)Third-party knowledge providersInvestment bankersInvestors


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