Global Air Cargo Container Market Opportunities and Forecast 2023-2030

Air Cargo Container Market Overview

The major factor driving the expansion of the marketplace for air containers is that the rising demand for transportation of varied goods across the world during a short span of your time. Containerization through roadways or railways or by sea takes an extended time than by air. due to this fact, air cargo containerization has increased recently and is propelling the marketplace for air cargo containers over the amount. Moreover, advancement in technology has developed lightweight containers which may easily be loaded onto aircraft. These lightweight containers can carry a varied range of loads set by the international air transportation Association (IATA) and are capable of rough handling without damaging the interior goods. the advantage of lightweight containers is boosting the air container market.
 
The major inhibiting thing about the marketplace for air cargo containers is that the slowdown within the global economy. it's been noted the recently, the worldwide economy has faced a slowdown thanks to GDP downfall in regions like the Asia Pacific, Latin America, and therefore the Middle East. This has resulted negatively on the worldwide container trade which incorporates, air cargo containers too. Another factor acting as a limitation to the air container market is that the increase in aviation fuel, which has led the airlines to limit the cargo aircrafts flying hours. This has resulted in a decrease in container transportation through the air and thus the marketplace for air cargo containers is hindered.
 
The air container market has potential opportunities to grow in the future because the number of economic airlines is increasing at a rapid pace and therefore the rising demand from the defense authorities to move goods. The more the amount of economic cargo aircraft, the more the demand for air containers and thus the increasing number of cargo carriers is expected to drive the marketplace for air cargo containers within the coming years. The demand for transporting military equipment from one place to a different briefly time, the military forces are using the air cargo containers. Hence, the growing demand among the defense authorities is anticipated to spice up the air cargo containers market in the future.
 
Covid-19 Impact on Air Cargo Container Market:

As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
 
Air Cargo Container Market Segment Overview

The marketplace for air cargo containers is segmented based on types of containers, end-user, aircraft type, and geography. On basis of container types, the air cargo containers market is segmented as refrigerated and non-refrigerated containers. The aircraft types within the air container market are narrow-body aircraft, wide-body aircraft, very large aircraft, and military aircraft. the top user of air cargo containers is airlines also because of the defense forces. Geographically, the marketplace for air cargo containers is segmented as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Market Analysis, Insights and Forecast – By Aircraft
·       Passenger
·       Freighter
·       Military

Market Analysis, Insights, and Forecast – By Container Type
·       Refrigerated
·       Non-refrigerated

Market Analysis, Insights and Forecast – By Application
·       Military
·       Civil & Commercial
 
Air Cargo Container Market Regional Overview

Region-wise, in terms of regions, Various factors, like the growth of the e-commerce sector and increased concentration on the adoption of temperature-sensitive products, are expected to drive the market development in European countries. Additionally, the expansion of the consumer electronics industry is supporting air cargo market growth through 2027. The growing popularity of certified containers during this region is probably going to drive the market rate of growth. European Aviation Safety Agency (EASA) may be a regulating body that gives guidelines for air cargo transportation to maintain the airworthiness of the product.

Air Cargo Container Market, By Geography
 
·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Air Cargo Container Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Air Cargo Container are highlighted below.
 
·        China’s commercial aircraft fleet has increased sevenfold and accounted for above 25% of all aviation growth globally within the last decade. China’s airlines are poised to accumulate about 8,600 new aircraft, which can be valued at USD 1.4 trillion including services valued at more than USD 1.7 trillion over the subsequent 20 years. Such trends will encourage sales of the latest air contained within the aviation sector from 2021 to 2027.

Air Cargo Container Market, Key Players

·       ACL Airshop LLC
·       AEROTUF
·       DoKaSch Temperature Solutions GmbH
·       Envirotainer AB
·       Granger Industries, Inc.
·       Nordisk Aviation Products AS
·       PalNet GmbH Air Cargo Products
·       Safran S.A.
·       Satco Inc.
·       Vinyl Technology Inc.
·       VRR Aviation