Air Cargo Containers Market to Exhibit Growth at 4.3% CAGR Through 2021

London, United Kingdom, December 21, 2016 --(PR.com)-- Today, cargo is an essential part of the airline business. It accounts for around 9% of the total airline revenues, which is more than twice the revenues generated from the 1st class segment. Cargo container is recognized as the most important unit load device (ULD) type; it is compatible with both narrow and wide body aircraft.

Cargo containers are highly suitable lo load pharmaceutical items, perishable goods and live animals on an aircraft. The key benefit of an air cargo container is an ability to bundle a great quantity of cargo into a one unit, thus, helping to minimize the airlines’ operational costs.

Presently, LD3 ranks the top preferred container type both in cargo and passenger aircraft; it is highly compatible with Airbus and Boeing wide body aircraft. LD3 could also be used as an alternative to other container types.

The world’s air cargo containers market offers a range of lucrative opportunities and is anticipated to register growth at a 4.3% CAGR up till 2021, spurred by increasing disposable incomes, expanding urbanization, escalating demand for lightweight containers and remarkable technological advancements.

Air cargo containers made of composite materials are anticipated to register the highest growth rates through 2021, primarily due to rising demand for lightweight containers. Increased life and high durability of containers made of composite materials are the other important growth drivers for this segment. Composite based containers are nearly 20%-40% lighter that that made of aluminum.

Wide body aircraft is likely to remain the key application segment for air cargo containers during 2016-2021. The major growth drivers of this segment include great number of containers per aircraft, escalating demand for wide body aircraft from cargo airlines and rising deliveries via wide body aircraft, amid others. The wide body aircraft segment is predicted to see the fastest growth through 2021.

The top air cargo container producers include Zodiac Aerospace, Nordisk Aviation, Cargo Composites, VRR Aviation and Satco.

Learn more about the world’s air cargo containers market performance at https://marketpublishers.com/report/vehicle/aerospace-aviation/global-air-cargo-containers-market-by-material-type-composites-metal-n-others.html

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