What is the future of Air Cargo Containers Market? Know Covid Impact on Size, Share & Forecasts
June 26, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Air Cargo Containers Market.
It was estimated prior to this unanticipated outbreak that the Air Cargo Containers Market will reach US$ 341.3 million in 2024. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Air Cargo Containers Market Segment Insights:
By Containers Type:
LD-3 is the most widely preferred container type in both passenger and cargo aircraft. It is expected to remain the largest and fastest-growing container type during the forecast period as well. It is highly compatible with Boeing and Airbus wide-body aircraft, such as B747, B767, B777, B787, DC-10, MD-11, A330, A350XWB, and A380. It can also be interchangeably used by replacing other container types.
By Material Type:
Metal is expected to remain the largest material type in the market during the forecast period. Easy availability of metal containers, excellent track record, and low cost are some of the major growth drivers of the metal containers.
By Application Type:
Passenger aircraft is expected to remain the largest and fastest-growing application type in the market during the forecast period. Passenger aircraft usually use its lower hold for carrying containers from one location to another location.
By Aircraft Type:
Wide-body aircraft is expected to remain the largest and fastest-growing aircraft type in the market during the forecast period. High number of containers per aircraft, increasing deliveries of wide-body aircraft, and increasing demand for wide-body aircraft by cargo airlines are some of the major growth drivers of the segment.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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