South Korea Air Freight Market Summary, Competitive Analysis and Forecast to 2027
Summary
Air Freight in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
The air freight sector is defined as consisting of revenues generated from freight transportation by air.
The South Korean air freight sector had total revenues of $4.0 billion in 2022, representing a compound annual growth rate (CAGR) of 4.8% between 2017 and 2022.
Sector consumption volume increased with a CAGR of 3.3% between 2017 and 2022, to reach a total of 12.9 billion FTK in 2022.
The South Korean air freight sector has expanded recently owing to several factors, such as a growing economy, increasing GDP, and decreasing interest rates. According to in-house research, the real GDP annual growth of South Korea stood at 2.6% in 2022.
Scope
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the air freight market in South Korea
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the air freight market in South Korea
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 South Korea air freight market with five year forecasts
Reasons to Buy
What was the size of the South Korea air freight market by value in 2022?
What will be the size of the South Korea air freight market in 2027?
What factors are affecting the strength of competition in the South Korea air freight market?
How has the market performed over the last five years?
What are the main segments that make up South Korea's air freight market?
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Geography segmentation
1.4. Market rivalry
1.5. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value 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. Have there been any strategic partnerships between the players?
8 Company Profiles
8.1. Air Incheon Co Ltd
8.2. Asiana Airlines Inc
8.3. Korean Air Lines Co Ltd
8.4. FedEx Corp
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: South Korea air freight sector value: $ million, 2017–22
Table 2: South Korea air freight sector geography segmentation: $ million, 2022
Table 3: South Korea air freight sector value forecast: $ million, 2022–27