Air Cargo Containers Market Size to Grow by $ 199.04 mn through 2020-2024
Technavio research projects the air cargo containers market to grow by $ 199.04 mn, accelerating at a CAGR of almost 6% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Air Cargo Containers Market: Key Market Driver
One of the primary factors that will trigger the growth of the air cargo containers market size is growth of pharmaceutical logistics market. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Air Cargo Containers Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Advanced Composite Structures LLC, CSafe Global, DoKaSch GmbH Aluminumverarbeitung Air Cargo Equipment + Repair, Envirotainer AB, Granger Industries Inc., Nordisk Aviation Products AS, PalNet GmbH Air Cargo Products, Safran SA, Satco Inc., and Van Riemsdijk Rotterdam BV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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The Global Air Cargo Containers Market is expected to grow by USD 199.04 million accelerating at a CAGR of almost 6% during the forecast period. Techanvio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. Download our free sample report with COVID-19 analysis
Air Cargo Containers Market: Segmentation by End-user
During 2019, the manufacturing industry segment dominated the Global Air Cargo Containers Market in 2019. The growth of the US and China economies and the increasing disposable income of consumers has led to an increase in automotive sales and production. Transportation by aircraft increases the efficiency of the supply chain by making the supply chain lean. The global economic recovery is expected to drive the growth of the global manufacturing industry.
The segment witnessed certain challenges even though cargo flights are exempt from COVID-19-induced restrictions. Most of the manufacturing industries announced a temporary shutdown of their operations. Also, in March 2020, Samsung Electronics Co. Ltd. (Samsung) announced a temporary shutdown of its smartphone plant in India due to the COVID-19 pandemic. These factors can negatively affect the movement of automotive and electronics spare parts through airways, which will hinder the potential growth of the market during the forecast period.
Air Cargo Containers Market: Vendor Analysis
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Advanced Composite Structures LLC, CSafe Global, DoKaSch GmbH Aluminumverarbeitung Air Cargo Equipment + Repair, Envirotainer AB, Granger Industries Inc., Nordisk Aviation Products AS, PalNet GmbH Air Cargo Products, Safran SA, Satco Inc., and Van Riemsdijk Rotterdam BV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
