Key Highlights
- Air freight is a mode of transportation that involves the movement of goods and cargo through the airways.
- The Asia-Pacific air freight sector recorded revenues of$41.84 billion in 2023, representing a negative compound annual growth rate (CAGR) of 4.3% between 2018 and 2023.
- Sector consumption volumes declined with a negative CAGR of 1.7% between 2018 and 2023, to reach a total of82.37 billion FTK in 2023.
- The growth in the Asia-Pacific air freight sector is influenced by several macroeconomic factors, such as rising GDP and growing business confidence. For instance, according to the Organisation for Economic Co-operation and Development (OECD), the business confidence index in China reached 99.4 in February 2023, up from 97.01 in November 2022.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the air freight market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the air freight market in Asia-Pacific
- 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 Asia-Pacific air freight market with five year forecasts
Reasons to Buy
- What was the size of the Asia-Pacific air freight market by value in 2023?
- What will be the size of the Asia-Pacific air freight market in 2028?
- What factors are affecting the strength of competition in the Asia-Pacific air freight market?
- How has the market performed over the last five years?
- How large is Asia-Pacific’s air freight market in relation to its regional counterparts?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- All Nippon Airways Co Ltd
- China Southern Airlines Co Ltd
- Asiana Airlines Inc
- Cathay Pacific Airways Ltd