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South Korea Airlines Market Summary, Competitive Analysis and Forecast, 2017-2026

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    Report

  • 47 Pages
  • November 2022
  • Region: South Korea
  • MarketLine
  • ID: 5714898
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Airlines in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The airlines industry comprises passenger air transportation, including scheduled flights but excluding air freight transport.
  • The South Korean airlines industry had total revenues of $6.2 billion in 2021, representing a compound annual growth rate (CAGR) of -22.1% between 2016 and 2021.
  • Industry consumption volumes declined with a CAGR of -18.8% between 2016 and 2021, to reach a total of 36.6 million seats sold in 2021.
  • South Korea enforced strict COVID-19 restrictions during lockdown, which was extended until February 2022, restricting domestic and international travel.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the airlines market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the airlines market in South Korea
  • Leading company profiles reveal details of key airlines market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea airlines market with five year forecasts by both value and volume

Reasons to Buy

  • What was the size of the South Korea airlines market by value in 2021?
  • What will be the size of the South Korea airlines market in 2026?
  • What factors are affecting the strength of competition in the South Korea airlines market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Korea's airlines market?
Frequently Asked Questions about the South Korean Airlines Market

What is the estimated value of the South Korean Airlines Market?

The South Korean Airlines Market was estimated to be valued at $6.23 Billion in 2021.

What is the growth rate of the South Korean Airlines Market?

The growth rate of the South Korean Airlines Market is 39.7%, with an estimated value of $33.25 Billion by 2026.

What is the forecasted size of the South Korean Airlines Market?

The South Korean Airlines Market is estimated to be worth $33.25 Billion by 2026.

Who are the key companies in the South Korean Airlines Market?

Key companies in the South Korean Airlines Market include Korean Air Lines Co Ltd, Asiana Airlines Inc and T'way Air co., Ltd..

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. Which players have been most successful in recent years?
7.3. What strategies do leading players follow?
7.4. How has COVID-19 impacted players?

8 Company Profiles
8.1. Korean Air Lines Co Ltd
8.2. Asiana Airlines Inc
8.3. JEJU AIR Co., Ltd.
8.4. T'way Air co., 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: South Korea airlines industry value: $ million, 2016-21
Table 2: South Korea airlines industry volume: thousand seats sold, 2016-21
Table 3: South Korea airlines industry category segmentation: % share, by value, 2016-2021
Table 4: South Korea airlines industry category segmentation: $ million, 2016-2021
Table 5: South Korea airlines industry geography segmentation: $ million, 2021
Table 6: South Korea airlines industry value forecast: $ million, 2021-26
Table 7: South Korea airlines industry volume forecast: thousand seats sold, 2021-26
Table 8: Korean Air Lines Co Ltd: key facts
Table 9: Korean Air Lines Co Ltd: Annual Financial Ratios
Table 10: Korean Air Lines Co Ltd: Key Employees
Table 11: Asiana Airlines Inc: key facts
Table 12: Asiana Airlines Inc: Annual Financial Ratios
Table 13: Asiana Airlines Inc: Key Employees
Table 14: JEJU AIR Co., Ltd.: key facts
Table 15: JEJU AIR Co., Ltd.: Annual Financial Ratios
Table 16: JEJU AIR Co., Ltd.: Key Employees
Table 17: T'way Air co., Ltd.: key facts
Table 18: T'way Air co., Ltd.: Annual Financial Ratios
Table 19: T'way Air co., Ltd.: Key Employees
Table 20: South Korea size of population (million), 2017-21
Table 21: South Korea gdp (constant 2005 prices, $ billion), 2017-21
Table 22: South Korea gdp (current prices, $ billion), 2017-21
Table 23: South Korea inflation, 2017-21
Table 24: South Korea consumer price index (absolute), 2017-21
Table 25: South Korea exchange rate, 2017-21

List of Figures
Figure 1: South Korea airlines industry value: $ million, 2016-21
Figure 2: South Korea airlines industry volume: thousand seats sold, 2016-21
Figure 3: South Korea airlines industry category segmentation: $ million, 2016-2021
Figure 4: South Korea airlines industry geography segmentation: % share, by value, 2021
Figure 5: South Korea airlines industry value forecast: $ million, 2021-26
Figure 6: South Korea airlines industry volume forecast: thousand seats sold, 2021-26
Figure 7: Forces driving competition in the airlines industry in South Korea, 2021
Figure 8: Drivers of buyer power in the airlines industry in South Korea, 2021
Figure 9: Drivers of supplier power in the airlines industry in South Korea, 2021
Figure 10: Factors influencing the likelihood of new entrants in the airlines industry in South Korea, 2021
Figure 11: Factors influencing the threat of substitutes in the airlines industry in South Korea, 2021
Figure 12: Drivers of degree of rivalry in the airlines industry in South Korea, 2021

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Korean Air Lines Co Ltd
  • Asiana Airlines Inc
  • JEJU AIR Co., Ltd.
  • T'way Air co., Ltd.