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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Air Cargo Containers market. Market segmentation includes Container Type (LD-3, LD-11, LD-6, M-1, and Other Container Types); Material Type (Metals, Composites, and Other Material Types); Application (Commercial Aircraft, and Military Aircraft).

Find Out More About Regions, Brands, Dominant, Active & Niche Companies Covered in the Report

24 November 3:44 a.m., Silicon Valley, California - According to the new market research report, the global market for Air Cargo Containers is projected to grow at a CAGR of 4.5% to reach US$318.3 million by 2027, driven by surge in cargo traffic and the need to transport products to their destinations faster. The global Air Cargo Containers market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. LD-3, one of the container types analyzed and sized in this study, is forecast to grow at over 4.9% and reach a market size of US$238.1 million by the end of the analysis period. The United States is forecast to readjust to a 3.7% CAGR. Within Europe, the worst affected by the pandemic, Germany will reach a market size of US$17.6 million growing at a CAGR of 3.6% over the next couple of years. In addition, over US$17.9 million worth of projected demand in the region will come from Rest of European markets. In Japan, the Metals material type will reach a market size of US$11.2 million by the close of the analysis period. Facing a global backlash over the coronavirus outbreak and spread, China the world's second largest economy faces economic and geopolitical challenges including economic distancing which can likely put China's monopoly of global supply chains in crisis. The Commercial Aircraft application segment in this country against this backdrop will grow at a CAGR of 6.8% over the next couple of years to create an addressable market opportunity worth US$37.9 million by the year 2027.

Containerization via air is a form of intermodal transportation that eliminates the requirement to load or unload goods on containers at multiple points, expediting the delivery times. Containerization via air is widely used by the military and civil airlines for transport of goods and equipment. While certain passenger aircraft are engaged in carrying cargo goods, majority of the leading commercial airlines manage their fleet of cargo aircraft. These airlines rely on customized cargo containers for transportation of products and goods by air. While passenger aircraft uses lower deck, cargo aircraft uses both upper and lower deck to carry containers. The global market for their air cargo containers is propelled by continuous surge in cargo traffic due to of expansion of the electronic, e-commerce and pharmaceutical industries coupled with strong demand for high priority, high-speed and visibility services. One of the prominent factors to drive the future market growth is strong focus on accelerating the delivery times. Major events conducted by leading e-commerce portals such as Big billion days and Single's day are pushing the demand for speedy delivery. On the other hand, pharmaceutical players require a faster transport option for temperature-sensitive products, mainly vaccines. Moreover, evolution of the supply chain along with temperature control regulations specified by the International Air Transport Association (IATA) for dealing with transportation and handling issues related to pharmaceutical and healthcare products is bound to bolster the market. These guidelines cover standards associated with temperature and time sensitive labels and acceptance checklist for goods to reduce the chances of mishandling. The market growth is also facilitated by advances in container technology and development of more durable and lightweight containers. Increasing deliveries through aircraft and adoption of wide-body aircraft are anticipated to further push air cargo container demand in the aviation industry. The market growth is likely to be fueled by increasing use of lower deck containers in freighter and wide-body passenger aircraft along with availability of custom lower deck containers for specialized aircraft. These factors are bound to create a perfect ground for overall expansion of the global air cargo container market in the coming years.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 352. Among this pool, 72 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 14 unique participations, a total of 6 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
Satco Products, Inc.
Palnet GmbH Air Cargo Products
Dokasch GmbH
Envirotainer AB
VRR-Aviation
CargoComposites
CSafe Global
Granger Aerospace
Nordisk Aviation Products AS
Safran Cabin

Segments Covered in the Report -
Container Type (LD-3, LD-11, LD-6, M-1, Other Container Types)
Material Type (Metals, Composites, Other Material Types)
Application (Commercial Aircraft, Military Aircraft)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
Iran
Israel
Saudi Arabia
UAE
Rest of Middle East
Africa.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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