Global Market Insights, Inc. has launched a report on air cargo containers market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.
Air cargo containers market is segmented based on position of containers into main deck and lower deck container. Increasing usage of lower deck containers in both wide body passenger and freighter aircrafts will spur the segment demand till 2024. Additionally, special lower deck containers designed for specialized aircrafts will further strengthen the segment demand over the study period.
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Increasing requirement for pharmaceutical industry to transport temperature sensitive products, particularly vaccines in short duration supports the air cargo containers market proliferation. Additionally, development in supply chain approach and temperature control regulations (TCR) by International Air Transport Association (IATA), to address challenges in handling and transporting, healthcare and pharmaceutical products further augments the industry share till 2024. The standard includes time and temperature sensitive label, acceptance checklist for shipments, for reducing potential product mishandling, propelling the market growth over the projected timeframe.
Based on weight cargo aircraft segment is further sub divided into standard body (less than 45 tons), medium widebody (40-80 tons), and large (greater than 80 tons) aircrafts. Increasing demand of regional express services in emerging economies will boost the standard body aircraft. Additionally, replacement of retiring airplanes and expansion of fleet to meet projected traffic growth will further increase the demand for freighters over the forecast timeframe, positively influencing the air cargo containers market place till 2024.
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Currently the industry witnessing increasing shipment of lithium-based batteries. These batteries are compact and carry more energy compare to its size, that increases threat of accidents. As per the U.S. Federal Aviation Administration (FAA) between 1991 and 2016 lithium batteries related accidents accounted for 138. Thus, industry participants are focused on introducing improved quality, light weight, and fire-resistant containers, providing a positive outlook for the air cargo containers market share till 2024. For instance, in September 2017, VRR developed a fire-resistant container (FRC) custom designed to carry lithium batteries across long distance.
Asia Pacific will contribute significantly towards the air cargo containers market place. This growth is attributed to the proliferating e-commerce activities across the region. Further, the increasing trade activities including transportation of cargo and goods related to the pharmaceutical industry is further strengthening the market proliferation till 2024.
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Few players in the air cargo containers market place include Nordisk Aviation, Vinyl Technology, Inc., VRR, Dyneema, Granger Plastics Company, Satco Inc, Cargo Composites, Safran, Nordisk Aviation Products, Horizon International Cargo, Delta Air Lines, Inc., ACL Airshop, DoKaSch GmbH, Envirotainer AB, and PalNet GmbH Air Cargo Products.