Air Cargo Container Market size valued at USD 1.48 billion in 2020 and will grow at a CAGR of 3.8% from 2021 to 2027

Air Cargo Container Market Size
Air Cargo Container Market size was valued at USD 1.48 billion in 2020 and will grow at a CAGR of 3.8% during the period from 2021 to 2027.

Increased export of drugs and pharmaceutical products globally is expected to boost industry demand.

The growth of the e-commerce sector has placed numerous sales channels under pressure for quick delivery and better supply chain. Many third-party logistics players are providing more multi-faceted services comprising air cargo service as an essential means of goods transportation. Generally, the goods carried by air are perishables and high-value items like foods & beverages, pharmaceuticals, biological products, computers, and consumer electronics, which are also the most rapidly developing trade flows between different countries. Increasing overall cross-border trade is expected to stimulate demand for the air cargo market.

To obtain major market trends

Air cargo containers or Unit Load Devices (ULD) are rigid containers that are utilized to hold luggage, freight or other cargo. It comprises refrigerated as well as non-refrigerated containers that can collect huge amount of cargo as a single unit. The size and shape of containers differ according to consumer demands as well as the nature of the cargo. These containers must be compatible with cargo handling systems and are made to fit into the aircraft equipment.

Air Cargo Container Market Report Attributes
Report Attribute Details
Base Year 2020
Air Cargo Container Market Size in 2020 USD 1.48 Billion
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 3.8%
2027 Value Projection USD 1.91 Billion
Historical Data for 2017 to 2020
No. of Pages 170
Tables, Charts & Figures 266
Segments covered Aircraft, Container Type, Material, Civil Aircraft by Deck, End-user and Region
Growth Drivers:
Increasing pharmaceuticals and biological exports
Increased demand from E-commerce industry
Increased use of lightweight air cargo containers globally
Boom in worldwide aircraft fleet and growth in air cargo terminals globally
Dangers & Hindrances
Shelving huge maintenance expenses
Negative effect of COVID-19 pandemic

Increase in air cargo terminals in growing economies will aid product development
Trending shift & upgrade of current airport to cargo terminals globally due to burgeoning air cargo volume will propel air cargo container market development. Nairobi also built on-airport cold storage facilities in the past that has been operated and serviced by Kenya Airways’ ground handling subsidiary. This is more effective for handling and scanning food cargo, which is generally of low shelf-life. Such trends will be expected to fuel the demand for ULD containers internationally.

Air Cargo Container Market Analysis
Air cargo container market from freighter aircraft accounted for approximately USD 700 million in 2020 driven by its widespread application in carrying air cargo. The growing inclination towards online shopping and the availability of a high number of manufacturing units of electronic items & other business goods in nations, including Vietnam, Thailand, China, Japan, Taiwan, and India, are driving the air cargo market. Airlines such as SpiceJet, Garuda Indonesia, and ANA Cargo will most likely use more freighter aircraft, propelling demand up to 2027.

Human-friendly Rewrite The refrigerated container market will increase steadily at a rate of more than 4.2% annually up to 2027. In the case of cargo, nothing is as sensitive, strictly regulated, and specialized as medicines. Pharmaceuticals and biological substances requiring temperature control must be stored in special refrigerated containers that preserve them at exactly the correct temperature. These can be as much as 2°C to 8°C for some medications or even lower than 0°C. As per the International Air Transport Association (IATA), airlines earned more than $1.4 billion in revenue from pharmaceutical products in 2018. The figure is anticipated to continue rising since airlines can transport these sensitive products safely and efficiently, without compromising their quality.

Metal material is anticipated to hold over 80% of the air cargo container market share by 2027. ULD containers are typically made from aluminum or steel depending on the need. Aluminum is typically preferred because it is lightweight and does not corrode. Air cargo container consists of aluminum extrusions, comparatively thick base sheet, and aluminum side and roof panels.

In 2020, the majority of the market share was held by the main deck segment. The major part of the cargo is usually transported on the main deck, also referred to as upper deck of an aircraft. The cargo freighter airplane has its whole main deck fitted for upper deck type of containers whereas Combi aircraft uses its rear section of the main deck for cargo loading.

Find out more about the important segments driving this market

The emerging sales segment is predicted to record approximately 4% CAGR up to 2027. China’s commercial aircraft fleet grew sevenfold and represented over 25% of all aviation growth worldwide in the past decade. China’s carriers are likely to purchase approximately 8,600 new aircraft, which will be worth USD 1.4 trillion accompanied by services worth over USD 1.7 trillion during the next 20 years. Trends like these will stimulate new air cargo container sales in the airline industry between 2021 to 2027.

Europe air cargo container market size will grow at 3.5% CAGR from 2021 to 2027. Some of the factors that are anticipated to influence the market growth in European nations include expansion of the e-commerce industry and enhanced emphasis on use of temperature-sensitive products. Also, the expansion of the consumer electronics sector is driving air cargo market growth until 2027. The increase in demand for certified containers in this region will have a positive effect on the market growth rate. European Aviation Safety Agency (EASA) is an authority that issues guidelines for air cargo transport for ensuring airworthiness of the product.

Air Cargo Container Market Share

Various industry players in the air cargo container market include

• Nordisk Aviation
• Granger Plastics
• Envirotainer
• Safran Aerosystems
• VRR Aviation
• ACL Airshop
• Unilode
• CHEP
• Jettainer

The market share is bifurcated among new equipment manufacturers and service providers. The new equipment industry is highly consolidated with the top industry participants accounting for a major stake in the global market in 2020. These companies are focused on developing new and efficient containers to meet the growing demand from air cargo industry.

This market research report on air cargo container includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2027 for the following segments