Unit Load Device Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Unit Load Device Market Analysis
The unit load device market is anticipated to register a CAGR of over 4% during the forecast period.
- The global unit load device market has encountered unprecedented challenges due to the COVID-19 pandemic. The government-imposed lockdowns, production halts by manufacturers, supply chain disruptions, and a decline in aviation activities have hindered the market's growth. However, the market has shown a robust recovery after the pandemic, driven by an increase in air traffic and rising demand for air cargo transportation.
- A unit load device (ULD) is a container used to transport cargo, including luggage, perishable goods, large or dangerous goods, and machinery. These containers prevent cargo from moving within the hold during flight. There are various types of ULDs, such as fire-resistant containers (FRC), temperature-controlled containers (TCC), horse stalls, cattle stalls, fire containment covers (FCC), Garment on Hangers (GOH), and others that facilitate the transport of special cargo by air.
- Increasing investments in airport infrastructure and rising air freight transportation are contributing factors to the market's growth.
Unit Load Device Market Trends
The Commercial Segment is Expected to Show Remarkable Growth During the Forecast Period
- The commercial segment is poised to experience significant growth during the projected period, owing to factors such as increasing air traffic, surging demand for new aircraft, and growing expenditure in the aviation sector. Various containers are utilized for different types of aircraft, with the LD3 container being the most prevalent on all Airbus planes, as well as on Boeing 747, 777, and 787 planes. Similarly, LD1 and LD2 containers are predominantly used on Boeing 747 and Boeing 767 aircraft, respectively. The mounting commercial aircraft deliveries from both Airbus and Boeing have resulted in a surge in demand for unit-load devices, thereby driving the market growth.
- According to the International Air Transport Association (IATA), the number of air passengers is expected to reach 4 billion by 2024. The IATA report reveals that global air passenger numbers in 2021 were just 27% of 2019 levels; however, this rose to 69% in 2022 and is predicted to rise to 82% in 2023 and 101% by 2025. Moreover, Boeing's Commercial Market Outlook (CMO) 2022 forecasted that the demand for new aircraft will surpass 41,000 units (41,170) during the 2022-2041 period, with a projected market value of USD 7.2 trillion for new aircraft deliveries. Therefore, the escalating demand for new aircraft due to the increasing number of air travelers is driving the market's growth.
Asia Pacific Will Showcase Highest Growth During the Forecast Period
- During the forecast period, Asia Pacific is expected to exhibit substantial growth, primarily due to factors such as increasing urbanization, the construction of new airports to accommodate higher air traffic, and growing air cargo transportation. Moreover, rising investments in the aviation sector and the surging demand for new aircraft, especially from China and India, are propelling market growth across the region.
- According to the International Air Transport Association (IATA) report, the air cargo volumes of Asia-Pacific airlines increased by 3% in February 2022 compared to the same month in 2021. Additionally, the available capacity in the region rose by 15.5% compared to February 2021.
- For instance, in September 2022, HaveUs Aerotech India Pvt Ltd, a component MRO facility in India capable of scaling multiple folds, inaugurated the country's first ULD container assembly cum MRO support center in Gurugram. Furthermore, in March 2022, T'way Air, the South-Korean low-cost airline, signed a five-year contract with Jettainer to provide unit load device (ULD) management services as it expands its aircraft fleet. Under the agreement, the company will supply pallets and containers for the Seoul-based airline's three new Airbus A330 aircraft and support T'way Air's expansion with its efficient ULD management and maintenance services.
Unit Load Device Industry Overview
The market for unit load devices (ULDs) is highly fragmented, with several players holding significant shares. Prominent market players include ACL Airshop, DoKaSch GmbH, VRR Aviation, Satco Inc., and CSafe Global. To stay competitive, major original equipment manufacturers (OEMs) are prioritizing the design and development of advanced ULDs for aviation applications. This trend is driving increased expenditure on research and development and the creation of next-generation ULDs, which are expected to create more opportunities in the coming years.
For instance, in September 2021, Qatar Airways Cargo signed a five-year contract with Safran to use Safran Cabin's new Fire Resistant Container (FRC) solution. This made Qatar Airways Cargo the first cargo carrier to adopt Safran's FRC solution. Under the agreement, the company will replace its entire fleet of more than 10,000 ULDs with this unique container design, with plans to exchange 70% of the units already during 2022.
Unit Load Device Market Leaders
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ACL Airshop
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DoKaSch GmbH
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VRR Aviation
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Satco Inc.
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CSafe Global
*Disclaimer: Major Players sorted in no particular order
Unit Load Device Market News
- August 2022: Jettainer was awarded a contract from Norse Atlantic Airways, a new Norwegian airline, to provide ULD management services. Jettainer has supplied the airline with a tailored and dedicated fleet of pallets and containers since its inaugural flight in June 2022.
- June 2022: Jettainer also secured the renewal of its contract with Etihad Cargo to manage and provide unit load devices (ULDs). The agreement includes the digitalization of Etihad Cargo's entire ULD fleet and the integration of Bluetooth low energy (BLE) tags. The contract has been signed for a duration of five years.
Unit Load Device Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers/Consumers
- 4.4.2 Bargaining Power of Suppliers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Containers
- 5.1.2 Pallets
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5.2 Application
- 5.2.1 Commercial
- 5.2.2 Cargo
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 France
- 5.3.2.3 Germany
- 5.3.2.4 Russia
- 5.3.2.5 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 India
- 5.3.3.3 Japan
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Latin America
- 5.3.4.1 Brazil
- 5.3.4.2 Rest of Latin America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 United Arab Emirates
- 5.3.5.3 South Africa
- 5.3.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles*
- 6.1.1 ACL Airshop
- 6.1.2 DoKaSch GmbH
- 6.1.3 VRR Aviation
- 6.1.4 Satco Inc.
- 6.1.5 Csafe Global
- 6.1.6 Brambels Limited
- 6.1.7 AEROTUF
- 6.1.8 Jettainer GmbH
- 6.1.9 Nordisk Aviation Products
- 6.1.10 Envirotainer
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Unit Load Device Industry Segmentation
Unit load device is used to move cargo being shipped as air freight. It is used to sort and transport cargo or baggage to assist with loading and unloading onto an aircraft.
The unit load device market is segmented based on type, application, and geography. By type, the market is segmented into containers and pallets. By application, the market is divided into commercial and cargo. By geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The market sizing and forecasts have been provided in value (USD million) for all the above segments.
| Type | Containers | |
| Pallets | ||
| Application | Commercial | |
| Cargo | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| France | ||
| Germany | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Rest of Latin America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| United Arab Emirates | ||
| South Africa | ||
| Rest of Middle-East and Africa |
Unit Load Device Market Research FAQs
What is the current Unit Load Device Market size?
The Unit Load Device Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Unit Load Device Market?
ACL Airshop, DoKaSch GmbH, VRR Aviation, Satco Inc. and CSafe Global are the major companies operating in the Unit Load Device Market.
Which is the fastest growing region in Unit Load Device Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Unit Load Device Market?
In 2024, the North America accounts for the largest market share in Unit Load Device Market.
What years does this Unit Load Device Market cover?
The report covers the Unit Load Device Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Unit Load Device Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Unit Load Device Industry Report
Statistics for the 2024 Unit Load Device market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Unit Load Device analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
