Global Air Freight Unit Load Device (ULD) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Air Freight Unit Load Devices (ULD) are used as containers for baggage and cargo carried in the holds of suitably dimensioned and equipped aircraft and are secured so that they cannot move within the hold in flight.
More specifically, a ULD is used to consolidate cargo in order to assist with the loading process onto an airplane. ULDs come in two forms: pallets and containers.
Market Overview:The latest research study on the global Air Freight Unit Load Device (ULD) market finds that the global Air Freight Unit Load Device (ULD) market reached a value of USD 406.74 million in 2022. It’s expected that the market will achieve USD 529.92 million by 2028, exhibiting a CAGR of 4.51% during the forecast period.
Market Challenges and Restraints
The Air Freight Unit Load Device (ULD) is usually a lightweight structure, including aluminum extruded structures, relatively thick aluminum substrates, aluminum or composite side panels and roof panels, and fabric or metal doors. They must be made as light as possible, but they may be affected by extremely harsh processing conditions. In the past 10 years, the rapid growth of air travel, especially air cargo, has caused some container equipment to be handled in substandard facilities using inappropriate handling methods. Any resulting damage is not only a cost to the aircraft operator, but may also cause conditions that endanger the safety of the aircraft.
Various published industry standards covering ULD processing require that ULD be always supported on carts/rolling beds/shelfs. These standards also clearly stipulate that unless ULD is specifically designed to be handled by a forklift, it should not be handled in this way; otherwise, damage may result.
ULD is a detachable aircraft component that is subject to strict requirements from civil aviation authorities from design, testing, production and operation to repair and maintenance. The Air Freight Unit Load Device (ULD) must be structurally able to limit the load and provide adequate protection for aircraft systems and structures during flight.
In addition, ULD is the only aircraft component that is out of the control of the airline and returned after many unsupervised hands. Because most ULD operations are outsourced to ground service providers. With the increasing demand of shippers and freight forwarders for shipper-built ULD, airlines have become a serious challenge to control and supervise ULD operations.
Region Overview:North America had the highest growth rate of all regions.
Company Overview:TransDigm (Nordisk & AAR Cargo) is one of the major players operating in the Air Freight Unit Load Device (ULD) market, holding a share of 28.91% in 2020.
Segmentation Overview:Among different product types, Aluminum segment is anticipated to contribute the largest market share in 2028.
Application Overview:By application, the Civil Air Transport segment occupied the biggest share from 2018 to 2022.
Key Companies in the global Air Freight Unit Load Device (ULD) market covered in Chapter 3:PalNet GmbH
Wuxi Aviation
Taiwan Fylin Industrial
ACL Airshop
DoKaSch GmbH
AEROTUF
Satco, Inc.
TransDigm (Nordisk & AAR Cargo)
Safran (Zodiac Aerospace)
VRR Aviation
In Chapter 4 and Chapter 14.2, on the basis of types, the Air Freight Unit Load Device (ULD) market from 2018 to 2029 is primarily split into:Aluminum & Composite material
Aluminum
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Air Freight Unit Load Device (ULD) market from 2018 to 2029 covers:Cargo Air Transport
Civil Air Transport
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)