Air Freight in South Korea

February 2024 | 48 pages | ID: A5CA365566CEN
MarketLine

Abstracts

Air Freight in South Korea

Summary

Air Freight in South Korea 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 South Korean air freight sector recorded revenues of $4,585 million in 2023, representing a negative compound annual growth rate (CAGR) of 5.6% between 2018 and 2023.
• Sector consumption volumes declined with a negative CAGR of 2.5% between 2018 and 2023, to reach a total of 10,148.5 million FTK in 2023.
• The decline in the South Korean air freight market can be attributed to various factors. One significant contributor is the shift in consumer and business preferences towards more cost-effective transportation alternatives, such as rail and sea freight, which offer competitive pricing and reliability for certain types of cargo.

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 2023?
• What will be the size of the South Korea air freight market in 2028?
• 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?

Contents

Table of Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. 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. Category segmentation
4.2. 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. 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

LIST OF TABLES

Table 1: South Korea air freight sector value: $ million, 2018-23
Table 2: South Korea air freight sector volume: million FTK, 2018-23
Table 3: South Korea air freight sector category segmentation: % share, by volume, 2018-2023
Table 4: South Korea air freight sector category segmentation: million FTK, 2018-2023
Table 5: South Korea air freight sector geography segmentation: $ million, 2023
Table 6: South Korea air freight sector value forecast: $ million, 2023-28
Table 7: South Korea air freight sector volume forecast: million FTK, 2023-28
Table 8: Air Incheon Co Ltd: key facts
Table 9: Air Incheon Co Ltd: Key Employees
Table 10: Asiana Airlines Inc: key facts
Table 11: Asiana Airlines Inc: Annual Financial Ratios
Table 12: Asiana Airlines Inc: Key Employees
Table 13: Korean Air Lines Co Ltd: key facts
Table 14: Korean Air Lines Co Ltd: Annual Financial Ratios
Table 15: Korean Air Lines Co Ltd: Key Employees
Table 16: FedEx Corp: key facts
Table 17: FedEx Corp: Annual Financial Ratios
Table 18: FedEx Corp: Key Employees
Table 19: FedEx Corp: Key Employees Continued
Table 20: FedEx Corp: Key Employees Continued
Table 21: South Korea size of population (million), 2019-23
Table 22: South Korea gdp (constant 2005 prices, $ billion), 2019-23
Table 23: South Korea gdp (current prices, $ billion), 2019-23
Table 24: South Korea inflation, 2019-23
Table 25: South Korea consumer price index (absolute), 2019-23
Table 26: South Korea exchange rate, 2019-23

List Of Figures

LIST OF FIGURES

Figure 1: South Korea air freight sector value: $ million, 2018-23
Figure 2: South Korea air freight sector volume: million FTK, 2018-23
Figure 3: South Korea air freight sector category segmentation: million FTK, 2018-2023
Figure 4: South Korea air freight sector geography segmentation: % share, by value, 2023
Figure 5: South Korea air freight sector value forecast: $ million, 2023-28
Figure 6: South Korea air freight sector volume forecast: million FTK, 2023-28
Figure 7: Forces driving competition in the air freight sector in South Korea, 2023
Figure 8: Drivers of buyer power in the air freight sector in South Korea, 2023
Figure 9: Drivers of supplier power in the air freight sector in South Korea, 2023
Figure 10: Factors influencing the likelihood of new entrants in the air freight sector in South Korea, 2023
Figure 11: Factors influencing the threat of substitutes in the air freight sector in South Korea, 2023
Figure 12: Drivers of degree of rivalry in the air freight sector in South Korea, 2023