Air Cargo Container - Global Market Outlook (2021 - 2028)

According to Stratistics MRC, the Global Air Cargo Container Market is accounted for $1.42 billion in 2021 and is expected to reach $2.18 billion by 2028 growing at a CAGR of 6.3% during the forecast period. The air cargo containers are carried on the lower deck for the passenger-carrying aircraft while the cargo aircraft use both upper and lower deck for carrying the containers. Most of the vital commercial airlines across the world have prepared their cargo aircraft, and some passenger aircraft also carry cargo goods. These airlines use tradition made air cargo containers for their particular aircraft with ground handling equipment.

Market Dynamics:

Driver:

The rising demand for transportation of various goods

The increasing demand for transportation of various goods across the globe in a short span of time is a major factor driving the growth of the market for air cargo containers. Air transportation is also preferred because of the requirement to deliver medicinal items more promptly. Cathay Pacific Airways provides Pharma Lift services and provides a range of specialised and skilled air carriage services for delicate temperature transport, including pharmaceutical goods.

Restraint:

The price of aviation fuel

Air cargo flights make use of crude oil. The rise in the price of crude oil prices is likely to hamper the global market operations during the forecast period. Also, there is a high cost that is associated with the delivery of products through air cargo which further, might create challenges for the global growth of the market as per the predictions laid down by the market experts for the forecast period.

Opportunity:

Growing demand from E-commerce industry

The air cargo container market has potential opportunities to grow in the future as the number of commercial airlines is increasing at a rapid pace, and E-commerce is also boosting its market demand. The market is expected to be driven by continuous surge in cargo traffic due to of expansion of the 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 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.

Threat:

High maintenance costs

The high cost that is associated with the delivery of products through air cargo which further, might create challenges for the global growth of the market as per the predictions laid down by the market experts for the forecast period. Crude oil is expensive and hence, there is a requirement of high investment and infrastructure to make judicious use of the same. All these factors are likely to present issues for the market's expected value as predicted by the market experts and industry leaders.

The lower deck segment is expected to have the highest CAGR during the forecast period

The lower deck segment is growing at the highest CAGR in the market due to the 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.

The main deck segment is expected to be the largest during the forecast period

The main deck segment is expected to be the largest share in the market. The major portion of the cargo is generally carried on the main deck, which is also known as upper deck of an aircraft. The cargo freighter airplane has its entire main deck equipped for upper deck type of containers while Combi aircraft utilizes its rear part of the main deck for cargo loading.

Region with highest share:

The Asia Pacific is projected to hold the largest share in the market due to the growing trade activities including transportation of cargo and goods related to the pharmaceutical industry is further strengthening the market explosion. Industry participants are present innovative solutions for pharmaceutical products transportation across the region.

Region with highest CAGR:

Europe is projected to have the highest CAGR due to factors such as growth of the e-commerce sector and increased focus on adoption of temperature-sensitive products, are expected to drive the market development in European countries. Additionally, the growth of the consumer electronics industry is supporting air cargo market growth. The growing popularity of certified containers in this region is likely to drive the market growth rate.

Key players in the market:

Some of the key players profiled in the Air Cargo Container Market include Cargo Composites, DokaSch GmbH, Satco Inc., VRR-Aviation, Zodiac AirCargo Equipment, Norduyn Inc., PalNet GmbH, Envirotainer, Granger Aerospace, and Nordisk Aviation.

Key developments:

In May 2021: Envirotainer launched the Releye® RLP - simpler than passive, even better than active. The Releye® RLP fills a substantial gap in the cold-chain pharmaceutical air freight market, utilizing the space of two 1-pallet solutions to deliver 3 euro-pallets, increasing cost-efficiency by 50 percent. It is the first in a family of temperature-controlled air freight containers Envirotainer will roll out near term.

Material Types Covered:

• Metal Containers
• Composite Containers

Container Types Covered:

• Refrigerated Containers
• Non-Refrigerated Containers

Deck Types Covered:

• Lower Deck
• Main Deck

Aircraft Types Covered:

• Very Large Aircraft
• Narrow-Body Aircraft
• Wide-Body Aircraft

Sales Types Covered:

• Container Repair
• Container Manufacturing

Applications Covered:

• Military Aircraft
• Passenger Aircraft
• Freighter Aircraft

End Users Covered:

• Commercial Airlines
• Defense Forces

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances