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

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?