Global Unit Load Devices (ULD) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Unit Load Devices (ULD) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A unit load device (ULD) is a container used to load luggage, freight, and mail on aircraft and is either an aircraft pallet and pallet net combination, or an aircraft container. It allows preloading of cargo, confidence the containerized load will fit in the aircraft and efficient planning of aircraft weight and balance and reduced labor and time in loading aircraft holds compared with 'bulkloading' single items of cargo or luggage by hand.

Market Overview:

The latest research study on the global Unit Load Devices (ULD) market finds that the global Unit Load Devices (ULD) market reached a value of USD 377.4 million in 2022. It’s expected that the market will achieve USD 517.92 million by 2028, exhibiting a CAGR of 5.42% during the forecast period.

Impact of COVID-19 on the Industry Upstream and Downstream

First, the epidemic has affected the supply and prices of upstream raw materials. Affected by the global new crown epidemic, production in some areas was interrupted, supply and demand were unbalanced, and logistics were poor. Since 2020, commodity prices led by crude oil have continued to rise. In 2021, the world will enter inflation, and prices will rise as a whole. The main raw materials of Unit Load Devices (ULD) are aluminum, Lexan, polyester, etc. Lexan and polyester are downstream products of the petrochemical industry, and the price is positively correlated with crude oil. As a result, Unit Load Devices (ULD) faced supply shortages and rising prices for its upstream raw materials.

Second, the epidemic has affected downstream demand. Downstream of Unit Load Devices (ULD) are mainly air cargo and passenger companies. Due to the COVID-19 pandemic, travel restrictions and traffic control policies have been introduced around the world. Closed borders and strict travel requirements mean actual flight activity has been severely impacted, which has hit air cargo logistics and global trade. As the pandemic continues, air cargo demand is on the rise, initially driven by personal protective equipment (PPE) and medicines, and later by seaborne supply chain challenges and increased e-commerce sales. Soaring demand for air cargo is driving rising demand for Unit Load Devices (ULD).

Unit Load Devices (ULD) Market Drivers Analysis

A Unit Load Device (ULD) is used to transport cargo by airplane and can convey any type of cargo. ULDs are crucial in transporting air cargo safely, quickly and cost-effectively. They enable individual pieces of cargo, luggage or mail to be assembled into a single unit, which can then be loaded on and off an aircraft with speed. To prevent the ULD moving around during flight and potentially damaging the aircraft, the plane has loading and restraint systems. These interfaces directly with a ULD, effectively locking the ULD into place so it becomes part of the aircraft.

The most important purpose of a ULD is to secure cargo during flight. ULD eliminates the need for manual loading and unloading; protects cargo contents so that goods arrived undamaged; maximizes the use of the aircraft’s cargo space; allows the fast, easy transfer of cargo between planes. The global introduction of standardized containers has improved cargo handling enormously, lowering operational costs. That, in turn, helps lower freight charges and boosts trade flows.

Unit Load Devices (ULD) Market Restraints and Challenges

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.

Unit Load Devices (ULD) Market Opportunities Analysis

Since ULD requirements vary by airline, a ULD that works well on one airline may not work well on another. As a result, manufacturers collaborate with customers to understand and meet their changing needs by developing customized services, and using digital and other technologies to innovate products and services, improve customer experience and enhance competitive advantage. Specifically, when receiving a ULD inquiry from a customer, sales team evaluate their operations to

Region Overview:

United States had the highest growth rate of all regions.

Company Overview:

Safran is one of the major players operating in the Unit Load Devices (ULD) market, holding a share of 30.25% in 2022.

Safran S.A. is a French multinational company that designs, develops and manufactures aircraft engines, rocket engines as well as various aerospace and defense-related equipment or their components. It was formed by a merger between SNECMA and the defense electronics specialist SAGEM in 2005. Safran's acquisition of Zodiac Aerospace in 2018 significantly expanded its aeronautical activities.

Nordisk's unique know-how in aluminium design and light weight construction has been developed through generations. Today Nordisk offers some of the lightest cargo containers for air, sea and land transport on the market, and is known for its durable ULDs that stand the test of time.

Segmentation Overview:

Among different product types, Pallets segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Civil Air Transport segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Unit Load Devices (ULD) market covered in Chapter 3:

AEROTUF
Nordisk
Satco, Inc.
Envirotainer
Safran
PalNet GmbH
VRR Aviation
DoKaSch GmbH
CSAFE

In Chapter 4 and Chapter 14.2, on the basis of types, the Unit Load Devices (ULD) market from 2018 to 2029 is primarily split into:

Pallets
Containers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Unit Load Devices (ULD) market from 2018 to 2029 covers:

Civil Air Transport
Cargo 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)