Air Freight in Singapore
Summary
Air Freight in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Air freight is a mode of transportation that involves the movement of goods and cargo through the airways.
- The Singaporean air freight sector recorded revenues of $2,928.7 million in 2023, representing a negative compound annual growth rate (CAGR) of 13.6% between 2018 and 2023.
- Sector consumption volumes declined with a negative CAGR of 13.9% between 2018 and 2023, to reach a total of 3,277.9 million FTK in 2023.
- The latest operational data reveals that during the initial nine months of 2023, Changi Airport facilitated a total airfreight throughput of 1.3 million tonnes. Specifically, in the third quarter of 2023, spanning from July to September, the airport handled 451,000 tonnes of airfreight, marking a 4 percent decline compared to the corresponding period in the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the air freight market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the air freight market in Singapore
- Leading company profiles reveal details of key air freight market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore air freight market with five year forecasts
- What was the size of the Singapore air freight market by value in 2023?
- What will be the size of the Singapore air freight market in 2028?
- What factors are affecting the strength of competition in the Singapore air freight market?
- How has the market performed over the last five years?
- What are the main segments that make up Singapore's air freight market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What strategies do the leading players follow?
- 7.4. What are the recent developments by the players?
- 8 Company Profiles
- 8.1. Singapore Airlines Ltd
- 8.2. United Parcel Service, Inc.
- 8.3. FedEx Corp
- 8.4. DHL Group
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Singapore air freight sector value: $ million, 2018-23
- Table 2: Singapore air freight sector volume: million FTK, 2018-23
- Table 3: Singapore air freight sector geography segmentation: $ million, 2023
- Table 4: Singapore air freight sector value forecast: $ million, 2023-28
- Table 5: Singapore air freight sector volume forecast: million FTK, 2023-28
- Table 6: Singapore Airlines Ltd: key facts
- Table 7: Singapore Airlines Ltd: Annual Financial Ratios
- Table 8: Singapore Airlines Ltd: Key Employees
- Table 9: Singapore Airlines Ltd: Key Employees Continued
- Table 10: United Parcel Service, Inc.: key facts
- Table 11: United Parcel Service, Inc.: Annual Financial Ratios
- Table 12: United Parcel Service, Inc.: Key Employees
- Table 13: United Parcel Service, Inc.: Key Employees Continued
- Table 14: FedEx Corp: key facts
- Table 15: FedEx Corp: Annual Financial Ratios
- Table 16: FedEx Corp: Key Employees
- Table 17: FedEx Corp: Key Employees Continued
- Table 18: FedEx Corp: Key Employees Continued
- Table 19: DHL Group: key facts
- Table 20: DHL Group: Annual Financial Ratios
- Table 21: DHL Group: Key Employees
- Table 22: Singapore size of population (million), 2019-23
- Table 23: Singapore gdp (constant 2005 prices, $ billion), 2019-23
- Table 24: Singapore gdp (current prices, $ billion), 2019-23
- Table 25: Singapore inflation, 2019-23
- Table 26: Singapore consumer price index (absolute), 2019-23
- Table 27: Singapore exchange rate, 2019-23
- List of Figures
- Figure 1: Singapore air freight sector value: $ million, 2018-23
- Figure 2: Singapore air freight sector volume: million FTK, 2018-23
- Figure 3: Singapore air freight sector geography segmentation: % share, by value, 2023
- Figure 4: Singapore air freight sector value forecast: $ million, 2023-28
- Figure 5: Singapore air freight sector volume forecast: million FTK, 2023-28
- Figure 6: Forces driving competition in the air freight sector in Singapore, 2023
- Figure 7: Drivers of buyer power in the air freight sector in Singapore, 2023
- Figure 8: Drivers of supplier power in the air freight sector in Singapore, 2023
- Figure 9: Factors influencing the likelihood of new entrants in the air freight sector in Singapore, 2023
- Figure 10: Factors influencing the threat of substitutes in the air freight sector in Singapore, 2023
- Figure 11: Drivers of degree of rivalry in the air freight sector in Singapore, 2023
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