NEW YORK, July 18, 2017 /PRNewswire/ — This report, from Stratview Research, studies the global air cargo containers market over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Read the full report: http://www.reportlinker.com/p05001569/Global-Air-Cargo-Containers-Market-by-Container-Type-by-Material-Type-by-Deck-Type-by-Application-Type-by-Sales-Type-by-Aircraft-Type-and-by-Region-Trend-Forecast-Competitive-Analysis-and-Growth-Opportunity.html
The Global Air Cargo Containers Market: Highlights
The global air cargo containers market is expected to grow at a healthy CAGR of 5.5% over the next five years (2017-2022) to reach US$ 304.6 million in 2022. Increasing cargo traffic (freight tonne kilometers) owing to growing e-commerce, pharmaceutical and electronic industries, development of lightweight and more durable containers, and an advancement in the container technology are some of the major drivers of the market. Increasing aircraft deliveries and higher demand for wide-body aircraft further elevate the demand for containers in the aviation industry.
Global Air Cargo Containers Market Trend and Forecast
The global air cargo containers market is segmented based on container type as LD-3, LD-6, LD-11, M-1, and other containers. LD-3 is the most widely preferred container type in both passenger and cargo aircraft. It is expected to remain the largest and fastest-growing container type during the forecast period. It is highly compatible with Boeing and Airbus wide-body aircraft, such as B747, B767, B777, B787, DC-10, MD-11, A330, A350XWB, and A380. It can also be interchangeably used by replacing other container types.
Based on the material type, the global air cargo containers market is segmented as composite containers, metal containers, and other containers. Metals are expected to remain the largest material type in the global air cargo containers market during the forecast period. The easy availability of metal containers, easy repairability, an excellent track record, and the lower cost are the major growth drivers of the metal-based air cargo containers market.
Composite-based containers segment is likely to witness the highest growth during the forecast period. The superior flame resistance, higher corrosion resistance, the higher strength-to-weight ratio at relatively low weight in comparison with metal-based containers are the major growth drivers of these versatile materials. Additionally, composite containers do not damage easily; thus, help ULD management companies and airlines to address the biggest challenge of reducing the container repair cost. Composites-based containers are about 20% to 40% lighter than that of aluminum-based containers.
Based on the application type, the global air cargo containers market is segmented as passenger aircraft and freighter