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Air Cargo Container Market Size

Report ID: GMI3050
Published Date: Feb 2021
Report Format: PDF

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Air Cargo Container Market Size

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. Rising export of pharmaceutical products across the world is expected to increase industry demand.

The proliferation of the e-commerce industry has put various sales channels under pressure for fast delivery and more efficient supply chain. Numerous third-party logistics players are offering more multidimensional services including air cargo service as a critical mode of goods transportation. In general, goods transported by air are perishables and high-value products including foods & beverages, pharmaceuticals, biological products, computers, and consumer electronics, which are also the fastest-growing trade flows among various countries. Growing overall cross-border trade is anticipated to drive the demand for the air cargo market.

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Air cargo containers or Unit Load Devices (ULD) are solid vessels that are used to store luggage, freight or other cargo. It includes refrigerated and non-refrigerated containers that can accumulate large quantity of cargo as a single unit. The shape and size of containers varies depending upon the consumer requirements and cargo type. These containers should be compatible with cargo handling systems and are designed to fit in 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:	Growing pharmaceuticals and biological exports Rising demand from E-commerce industry Increasing adoption of lightweight air cargo containers around the globe Proliferation in global aircraft fleet and expansion of air cargo terminals worldwide
Pitfalls & Challenges:	High maintenance costs Adverse impact of COVID-19 pandemic

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Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

Air cargo container market generated USD 1.48 billion in 2020 and will register a CAGR of 3.8% through 2027 with increasing export of pharmaceutical products across the world.

The freighter aircraft segment was valued at USD 700 million in 2020 and will witness strong growth on account of wide application in transporting air cargo, with increased e-commerce activities.

The demand for refrigerated air cargo containers is likely to grow at a CAGR of 4.2% up to 2027 with growing need for transporting temperature controlled pharmaceutical and biological products.

The metal segment is estimated to capture around 80% revenue share of air cargo container industry by the end of 2027.

The market for air cargo containers in Europe is projected to grow at 3.5% CAGR over 2021-2027 led by growth of the ecommerce sector and the widespread adoption of temperature sensitive products.