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Air cargo container market to breach US$1.8b by 2027: report
来源：Shipping News Headlines 编辑：编辑部 发布：2021/03/05 09:15:03
THE air cargo container market is to cross US$1.8 billion by 2027 with the increasing usage of lightweight materials in the industry likely to propel the product demand, according to a new report by Global Market Insights, Inc.
Military aircraft will grow at 2.6 per cent in the global air cargo container market over the study time period. Increasing expenditure on the military sector by governments in major countries will propel product demand in military aircraft.
Although the industry is gaining substantial attention from airlines globally, the global air cargo industry revenue is projected to decline by approximately 8 per cent in 2020 owing to adverse impact of coronavirus pandemic.
The air cargo volume shipment was estimated to drop by 12 per cent in 2020, from that of 61.3 million tonnes in 2019, hampering the overall sales of air cargo container in 2020, worldwide. These trends will restrict air cargo container market development in the projection timeframe, reports Globenewswire.com.
However, the market recovery is expected in the first six months of 2021 with vaccination carried out across the major part of the world together with the reestablishment of the logistics industry.
Refrigerated air cargo containers will accelerate at a significant rate in the study time period. The proliferation of pharmaceutical and frozen food shipments around the globe will increase the product penetration over upcoming years.
The new sales segment will report huge growth in terms of revenue of the global air cargo container market through 2027. The increasing number of civil aircraft fleet along with the rising preference of air cargo shipments for faster delivery is the driving factor behind ULD container sales worldwide.
The North America air cargo container market will reach a value of over US$450 million at the end of 2027. The region has a strong presence of number of airlines and strong demand for air cargo shipments.
The report also shows that Asia Pacific will dominate the overall share of the ULD industry owing to the growing number of airlines, aircraft in use, and air cargo shipments across major parts of the region.
Military aircraft will grow at 2.6 per cent in the global air cargo container market over the study time period. Increasing expenditure on the military sector by governments in major countries will propel product demand in military aircraft.
Although the industry is gaining substantial attention from airlines globally, the global air cargo industry revenue is projected to decline by approximately 8 per cent in 2020 owing to adverse impact of coronavirus pandemic.
The air cargo volume shipment was estimated to drop by 12 per cent in 2020, from that of 61.3 million tonnes in 2019, hampering the overall sales of air cargo container in 2020, worldwide. These trends will restrict air cargo container market development in the projection timeframe, reports Globenewswire.com.
However, the market recovery is expected in the first six months of 2021 with vaccination carried out across the major part of the world together with the reestablishment of the logistics industry.
Refrigerated air cargo containers will accelerate at a significant rate in the study time period. The proliferation of pharmaceutical and frozen food shipments around the globe will increase the product penetration over upcoming years.
The new sales segment will report huge growth in terms of revenue of the global air cargo container market through 2027. The increasing number of civil aircraft fleet along with the rising preference of air cargo shipments for faster delivery is the driving factor behind ULD container sales worldwide.
The North America air cargo container market will reach a value of over US$450 million at the end of 2027. The region has a strong presence of number of airlines and strong demand for air cargo shipments.
The report also shows that Asia Pacific will dominate the overall share of the ULD industry owing to the growing number of airlines, aircraft in use, and air cargo shipments across major parts of the region.