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Unit Load Device Market to Hit $2.67 Bn by 2027; Unilode Signs 7-Year Contract with Air Canada to Provide ULD Management Solutions

December 29, 2020 | Aerospace & Defense

The global unit load device market size is expected to reach USD 2.67 billion by 2027 backed by the growing demand for cold containers for transportation and logistics services that is likely to propel the demand for advanced unit load devices globally. Fortune Business Insights published this information in its latest report, titled, “Unit Load Device Market Size, Share & COVID-19 Impact Analysis, By Product Type (LD 3 Container, LD 6 Container, and LD 11 Container, M 1 Container, Pallets, and Others), By Application (Civil Air Transport, Cargo Air Transport, and Others), By Material Type (Composite, Metal, and Others), By Container Type (Normal Container, Cold Container, and Others) and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 2.15 billion in 2019 and is likely to exhibit a CAGR of 4.38% between 2020 and 2027.


Unilode Signs a 7-Year Contract with Air Canada for ULD Management


In May 2020, Unilode Aviation Solutions, a global leader in outsourced ULD management, announced the renewal of its contract with Air Canada to manage and supply aviation containers and pallets for another seven-year. The partnership aims to continue Unilode’s pooled ULD management solution that has benefited Air Canada to achieve flexibility in their operations and further reduce significant overheads. Additionally, Unilode will provide its IATA Air Cargo Innovation Award-winning digitalization solution for all Air Canada’s ULD aircraft. Such initiatives by the companies are likely to favor the market growth.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/unit-load-devices-market-103550


Increasing Demand for Cold Containers to Accelerate Growth


The major focus of the transportation industry is to ensure the safety of products during transit. The growing demand for technologically advanced cold containers to transport temperature-sensitive products such as perishable food, drugs, medicines, vaccines, and blood plasma is expected to boost the demand for these devices globally. Furthermore, the COVID-19 pandemic has led to an increased demand for cold containers to transport medicines and PPE kits that will favor the global unit load device market growth during the forecast period.    


Contract Signing by Prominent Companies to Aid Growth


The global market is consolidated by major companies focusing on maintaining a stronghold by signing lucrative contracts to provide innovative unit load device management solutions. Additionally, the adoption of strategies such as merger and acquisition, collaboration, and facility expansion by other key players will contribute to market growth.


Industry Development:



  • October 2019: Lödige Industries announced the launch of a unit load device used to raise the operational efficiencies for luggage, baggage, and cargo transport across the air- terminals. Additionally, it is designed with advanced data-based functions to assign cargo routing through air terminal areas.


List of the Companies Profiled in the Global Market:



  • ACL AIRSHOP (The U.S.)

  • Brambles Group (Australia)

  • Cargo Composites (The U.S.)

  • CSafe Global (The U.S.)

  • Dokasch GmbH (Germany)

  • Envirotainer AB (Sweden)

  • Nordisk Aviation Products AS (Norway)

  • Palnet GmbH Air Cargo Products (Germany)

  • Satco, Inc. (The U.S.)

  • TransDigm Group Incorporated (The U.S.)

  • VRR Aviation (The Netherland)

  • Zodiac Aerospace (France)


Further Report Findings:



  • North America stood at USD 0.84 billion in 2019 and is expected to hold the highest position in the global market during the forecast period. This is attributable to the presence of key players such as Cargo Composites, ACL AIRSHOP, and Satco, Inc., among others that are developing advanced unit load device management services.

  • The market in Europe is expected to showcase considerable growth due to the growing demand for cold containers across the healthcare and e-commerce sectors in countries such as the U.K., Germany, and France in the region between 2020 and 2027.

  • The cold container segment, based on container type, is likely to gain momentum due to the high adoption of cold containers to transport corona-related medical equipment and vaccines across the healthcare sector.


Table of Segmentation:















































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



Segmentation



By Product Type



  • LD 3 Container

  • LD 6 Container

  • LD 11 Container

  • M 1 Container

  • Pallets

  • Others



By Application



  • Civil Air Transport

  • Cargo Air Transport

  • Others



By Material Type



  • Composite

  • Metal

  • Others



By Container Type



  • Normal Container

  • Cold Container

  • Others



 



By Geography



  • North America (By Product Type, By Application, By Material Type, By Container Type, and By Country)





    • The U.S. (By Product Type)

    • Canada (By Product Type)

    • Mexico ( By Product Type)





  • Europe (By Product Type, By Application, By Material Type, By Container Type, and By Country)





    • The U.K. (By Product Type)

    • Germany (By Product Type)

    • France (By Product Type)

    • Russia (By Product Type)

    • Italy (By Product Type)



  • Rest of Europe (By Product Type)



  • Asia-Pacific (By Product Type, By Application, By Material Type, By Container Type, and By Country)





    • China (By Product Type)

    • India (By Product Type)

    • Japan (By Product Type)

    • Australia (By Product Type)

    • Rest of Asia- Pacific (By Product Type)





  • Rest of the World (By Product Type, By Application, By Material Type, By Container Type, and By Country)





    • Latin America (By Product Type)

    • The Middle East & Africa (By Product Type)




Global Unit Load Device Market
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  • 2016-2018
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