Opportunities for unit load device to reach $166.5 million by 2021

According to a new market report published by Lucintel, the future of the global unit load device market looks bright with opportunities in both the civil and military markets. The global unit load device market is forecast to grow at a CAGR of 3.4% from 2016 to 2021. The major growth drivers of this market are increasing passenger traffic, increasing imports and exports, and a rise in the deliveries of aircraft.
In this market, containers and pallets are the two major market segments by ULD type. Lucintel predicts that the demand for containers is likely to experience the highest growth by value during the forecast period due to increasing usage of containers in cargo to protect the luggage and baggage from bad weather.
Within the global unit load device market, the civil segment is expected to remain the largest segment by application type during forecast period. Increasing passenger traffic, increasing export/import, and rise in deliveries of aircraft are the major drivers, which would spur growth for this segment over the forecast period.
North America is expected to remain the largest region because it has the highest amount of air passenger traffic.
Asia Pacific is expected to grow with highest CAGR during the forecast period due to growth of commercial and regional aircraft markets due to an increase in passenger traffic, rapid expansion of low-cost carriers, and domestic airlines.

For business expansion, the report suggests new product development to reduce weight of unit load device. The report further suggests the development of partnerships with customers to create win-win situations and the development of low-cost solutions for customers.
Emerging trends which have a direct impact on the dynamics of the industry include usage of light weight material and development of temperature controlled and fire resistant ULD. Nordisk Aviation, Zodiac Aerospace, PalNet, Dokasch, Satco Inc, and AAR Corp are among the major suppliers of ULDs.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global unit load device market by ULD type, application type, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Unit Load Device Market 2016-2021: Trends, Forecast, and Market Analysis.” The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the growth opportunities in the global unit load device market by ULD type, application type, and region, as follows:
ULD type (Value $ million from 2010 to 2021)
• Containers
• Pallets

Application Type (Volume (units) and value $ million from 2010 to 2021)
• Civil
• Military
Region (Value $ million from 2010 to 2021)
• North America
• Europe
• Asia Pacific
• Rest of World
This 96-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Aerospace Report, Defense Market Report, Capital Investment Analysis, Strategic Growth Consulting and Due Diligence.

This report answers the following 11 key questions:
Q.1: What are some of the potential, high-growth opportunities for global unit load device market by ULD type (Container and Pallet), application type (Civil and Military), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2. Which product /segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4: What are the key factors affecting market dynamics? What are the drivers and challenges in this market?
Q.5: What are the business risks and threats of this market?
Q.6: What are the emerging trends in this market and reasons behind them?
Q.7: What are some of the changing demands of customers in the market?
Q.8: What are the new developments in the market? Which companies are leading these developments?
Q.9: Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10: How is the competitive rivalry and threat of substitution in this market?
Q. 11: What M&A activities have occurred in the last 5 years in this market? What reasons to these activities and how have they impacted the industry

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel LLC
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Ph: +1-972-636-5056 Fax: +1-877-883-5140
marketing@lucintel.com

This release was published on openPR.