+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Asia-Pacific (APAC) Air Freight Market Summary, Competitive Analysis and Forecast to 2027

  • PDF Icon

    Report

  • 39 Pages
  • March 2023
  • Region: Asia Pacific
  • MarketLine
  • ID: 5835139
Air Freight in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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 Asia-Pacific air freight sector had total revenues of $42.6 billion in 2022, representing a negative compound annual growth rate (CAGR) of 2.7% between 2017 and 2022.
  • Sector consumption volumes declined with a negative CAGR of 3.9% between 2017 and 2022, reaching a total of 71 billion FTK in 2022.
  • The Asia-Pacific air freight sector has declined recently owing to several factors such as increasing interest rates and rising inflation. High-interest rates reduce access to credit for the companies involved, thereby reducing the volume of investment which negatively impacts air freight. For instance, according to the OECD, the long-term interest rates in Australia grew from 2.6% in December 2017 to 3.6% in December 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 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 by both value and volume

Reasons to Buy

  • What was the size of the Asia-Pacific air freight market by value in 2022?
  • What will be the size of the Asia-Pacific air freight market in 2027?
  • 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?
  • Who are the top competitors in Asia-Pacific's air freight market?
Frequently Asked Questions about the Asia-Pacific Air Freight Market

What is the estimated value of the Asia-Pacific Air Freight Market?

The Asia-Pacific Air Freight Market was estimated to be valued at $42.64 Billion in 2022.

What is the growth rate of the Asia-Pacific Air Freight Market?

The growth rate of the Asia-Pacific Air Freight Market is 7.3%, with an estimated value of $60.67 Billion by 2027.

What is the forecasted size of the Asia-Pacific Air Freight Market?

The Asia-Pacific Air Freight Market is estimated to be worth $60.67 Billion by 2027.

Who are the key companies in the Asia-Pacific Air Freight Market?

Key companies in the Asia-Pacific Air Freight Market include All Nippon Airways Co Ltd, China Southern Airlines Co Ltd, Asiana Airlines Inc and Cathay Pacific Airways Ltd.

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. What are the recent M&A activities in the market?
8 Company Profiles
8.1. All Nippon Airways Co Ltd
8.2. China Southern Airlines Co Ltd
8.3. Asiana Airlines Inc
8.4. Cathay Pacific Airways Ltd
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: Asia-Pacific air freight sector value: $ billion, 2017-22
Table 2: Asia-Pacific air freight sector geography segmentation: $ billion, 2022
Table 3: Asia-Pacific air freight sector value forecast: $ billion, 2022-27
Table 4: All Nippon Airways Co Ltd: key facts
Table 5: All Nippon Airways Co Ltd: Key Employees
Table 6: China Southern Airlines Co Ltd: key facts
Table 7: China Southern Airlines Co Ltd: Annual Financial Ratios
Table 8: China Southern Airlines Co Ltd: Key Employees
Table 9: Asiana Airlines Inc: key facts
Table 10: Asiana Airlines Inc: Annual Financial Ratios
Table 11: Asiana Airlines Inc: Key Employees
Table 12: Cathay Pacific Airways Ltd: key facts
Table 13: Cathay Pacific Airways Ltd: Annual Financial Ratios
Table 14: Cathay Pacific Airways Ltd: Key Employees
Table 15: Cathay Pacific Airways Ltd: Key Employees Continued
Table 16: Asia-Pacific exchange rate, 2018-22
List of Figures
Figure 1: Asia-Pacific air freight sector value: $ billion, 2017-22
Figure 2: Asia-Pacific air freight sector geography segmentation: % share, by value, 2022
Figure 3: Asia-Pacific air freight sector value forecast: $ billion, 2022-27
Figure 4: Forces driving competition in the air freight sector in Asia-Pacific, 2022
Figure 5: Drivers of buyer power in the air freight sector in Asia-Pacific, 2022
Figure 6: Drivers of supplier power in the air freight sector in Asia-Pacific, 2022
Figure 7: Factors influencing the likelihood of new entrants in the air freight sector in Asia-Pacific, 2022
Figure 8: Factors influencing the threat of substitutes in the air freight sector in Asia-Pacific, 2022
Figure 9: Drivers of degree of rivalry in the air freight sector in Asia-Pacific, 2022

Companies Mentioned

A selection of companies mentioned in this report includes:

  • All Nippon Airways Co Ltd
  • China Southern Airlines Co Ltd
  • Asiana Airlines Inc
  • Cathay Pacific Airways Ltd