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Air Cargo Containers Market in Lower Deck Container Segment is Excepted to Grow Exponentially Till 2024

Author : Ronak Bora | Published Date : 2019-04-15 

Global Market Insights, Inc.: The Report 2018-2024 Air Cargo Containers Market Report explores the essential factors of the market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario.

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 aircraft, air cargo containers market place is segmented as passenger aircraft and freighter. Newer aircrafts are designed with a focus on increasing belly capacity for passenger aircrafts for carrying cargo. However, freighters are most essential for transportation of materials owing to advantages offered including highly controlled goods transport, improved reliability, unique capacity consideration, and direct routing, providing a positive outlook for the business expansion.

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Air cargo containers market based on material used for manufacturing containers is bifurcated into metal and composites. Industry participants are continuously investing in R&D for developing air cargo containers with reduced weight and improved fire resistance capabilities, propelling the industry share over the forecast period. Increasing preference for composite containers is credited to the benefits offered by these materials including lower weight, improved impact resistance, and superior corrosion resistance.

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. Industry participants are offering innovative solutions for pharmaceutical products transportation across the region.

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. Strategic partnerships and collaborations for developing newer products are among the prominent strategies adopted by the industry participants for improving their market share.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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