The air cargo container market is fragmented and the vendors are deploying growth strategies such as increasing the types of product offerings and raising their production capacity to gain a competitive advantage to compete in the market. The Air cargo container market is set to grow by USD 203.69 million from 2021 to 2026, progressing at a CAGR of 4.85% according to the latest market report by Technavio.
The report further says, the key factor driving growth in the air cargo container market is the growth of the e-commerce market. Online e-commerce companies use the logistics services of various Logistics Service Providers (LSPs), such as FedEx, DHL, UPS, and Aramex. These LSPs have their air freighter, which they use for delivering products to customers in a timely manner. The use of aircraft carriers to meet the growing demand for e-commerce is expected to drive the growth of the global air cargo container market.
However, the growing environmental concern and rising carbon dioxide emissions will be a major challenge for the air cargo container market during the forecast period.