Global Unit Load Device Market Analysis 2022
The Global Unit Load Device Market is expected to reach $3.15 billion by 2028 growing at a CAGR of 6.2% from 2021 to 2028. A unit load device is a container or pallet used for loading luggage, freight, and mail on commercial and cargo aircraft for the transportation of goods. Unit load devices are very important for aircraft since they protect the cargos which contain goods and prevent them from any damage.
Factors such as increasing air cargo transportation and high demand for lightweight unit load devices are driving the growth of the market. However, fluctuations in raw materials prices are restraining the growth of the market.
Based on material, the composite segment is going to have a lucrative growth during the forecast period as the aviation industry chooses containers made of composite materials because of the high maintenance and replacement costs of aluminum containers and pallets.
The key vendors mentioned are Zodiac Aerospace, VRR Aviation, UNILODE Aviation Solutions (UAS), TransDigm Group Inc., Satco, Inc., PalNet GmbH Air Cargo Products, Nordisk Aviation Products, Envirotainer AB, Dokasch GmbH, CSafe Global, Brambles Group, ACL Airshop and Cargo Composites.
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