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South Korea Air Freight Market Summary, Competitive Analysis and Forecast to 2027

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    Report

  • 42 Pages
  • March 2023
  • Region: South Korea
  • MarketLine
  • ID: 5834926
Description Jump to:
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?

Table of Contents

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 Research
10.4. About the Publisher
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
Table 4: Air Incheon Co Ltd: key facts
Table 5: Air Incheon Co Ltd: Key Employees
Table 6: Asiana Airlines Inc: key facts
Table 7: Asiana Airlines Inc: Annual Financial Ratios
Table 8: Asiana Airlines Inc: Key Employees
Table 9: Korean Air Lines Co Ltd: key facts
Table 10: Korean Air Lines Co Ltd: Annual Financial Ratios
Table 11: Korean Air Lines Co Ltd: Key Employees
Table 12: FedEx Corp: key facts
Table 13: FedEx Corp: Annual Financial Ratios
Table 14: FedEx Corp: Key Employees
Table 15: FedEx Corp: Key Employees Continued
Table 16: South Korea size of population (million), 2018-22
Table 17: South Korea gdp (constant 2005 prices, $ billion), 2018-22
Table 18: South Korea gdp (current prices, $ billion), 2018-22
Table 19: South Korea inflation, 2018-22
Table 20: South Korea consumer price index (absolute), 2018-22
Table 21: South Korea exchange rate, 2018-22
List of Figures
Figure 1: South Korea air freight sector value: $ million, 2017-22
Figure 2: South Korea air freight sector geography segmentation: % share, by value, 2022
Figure 3: South Korea air freight sector value forecast: $ million, 2022-27
Figure 4: Forces driving competition in the air freight sector in South Korea, 2022
Figure 5: Drivers of buyer power in the air freight sector in South Korea, 2022
Figure 6: Drivers of supplier power in the air freight sector in South Korea, 2022
Figure 7: Factors influencing the likelihood of new entrants in the air freight sector in South Korea, 2022
Figure 8: Factors influencing the threat of substitutes in the air freight sector in South Korea, 2022
Figure 9: Drivers of degree of rivalry in the air freight sector in South Korea, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Air Incheon Co Ltd
  • Asiana Airlines Inc
  • Korean Air Lines Co Ltd
  • FedEx Corp

Table Information

Report AttributeDetails
No. of Pages42
PublishedMarch 2023
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 3.97 Billion
Forecasted Market Value ( USD ) by 2027 $ 4.19 Billion
Compound Annual Growth Rate1.0%
Regions CoveredSouth Korea

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About the Cargo Airline Market

The Cargo Airline market is a segment of the logistics industry that specializes in the transportation of goods by air. Cargo airlines provide a fast and reliable way to move goods around the world, often in a matter of hours. Cargo airlines typically operate large aircraft, such as the Boeing 747 and Airbus A330, which are designed to carry large amounts of freight. Cargo airlines also offer a variety of services, such as temperature-controlled storage, tracking, and customs clearance. Cargo airlines are an important part of the global supply chain, providing a critical link between manufacturers, distributors, and retailers. They are also used to transport humanitarian aid and medical supplies to areas in need. Some of the major players in the Cargo Airline market include FedEx, UPS, DHL, Cathay Pacific, Emirates, Qatar Airways, and Air Canada. Show Less Read more

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