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South Korea Airlines Market Summary, Competitive Analysis and Forecast to 2027

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    Report

  • 46 Pages
  • July 2023
  • Region: South Korea
  • MarketLine
  • ID: 5714898
Airlines in South Korea industry profile provides top-line qualitative and quantitative summary information including: 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 airlines industry covers passenger air transportation, including scheduled flights but excludes air freight transport. The market segments include charter, low-cost, and full-service airlines.
  • The South Korean airline industry had total revenues of $9.3 billion in 2022, representing a negative compound annual growth rate (CAGR) of 17.3% between 2017 and 2022.
  • Industry consumption volumes declined with a negative CAGR of 13.9% between 2017 and 2022, to reach a total of 51.8 million number of seats in 2022.
  • The growing number of domestic and international travelers is supporting the industry's growth. According to the Ministry of Land, Infrastructure and Transport, in Q1 2023, the number of passengers using overseas flights operated by Asiana Airlines, Korean Airlines, and low-cost carriers reached 9.87 million.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, 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 2022?
  • What will be the size of the South Korea airlines market in 2027?
  • What factors are affecting the strength of competition in the South Korea airlines market?
  • How has the market performed over the last five years?
  • How large is South Korea’s airlines market in relation to its regional counterparts?

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 strategies of the leading player?
7.3. What are the strengths of leading players?
7.4. Has there been any recent development in the market?
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, 2017-22
Table 2: South Korea airlines industry volume: thousand Number of seats, 2017-22
Table 3: South Korea airlines industry category segmentation: % share, by value, 2017-2022
Table 4: South Korea airlines industry category segmentation: $ million, 2017-2022
Table 5: South Korea airlines industry geography segmentation: $ million, 2022
Table 6: South Korea airlines industry value forecast: $ million, 2022-27
Table 7: South Korea airlines industry volume forecast: thousand Number of seats, 2022-27
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), 2018-22
Table 21: South Korea gdp (constant 2005 prices, $ billion), 2018-22
Table 22: South Korea gdp (current prices, $ billion), 2018-22
Table 23: South Korea inflation, 2018-22
Table 24: South Korea consumer price index (absolute), 2018-22
Table 25: South Korea exchange rate, 2018-22
List of Figures
Figure 1: South Korea airlines industry value: $ million, 2017-22
Figure 2: South Korea airlines industry volume: thousand Number of seats, 2017-22
Figure 3: South Korea airlines industry category segmentation: $ million, 2017-2022
Figure 4: South Korea airlines industry geography segmentation: % share, by value, 2022
Figure 5: South Korea airlines industry value forecast: $ million, 2022-27
Figure 6: South Korea airlines industry volume forecast: thousand Number of seats, 2022-27
Figure 7: Forces driving competition in the airlines industry in South Korea, 2022
Figure 8: Drivers of buyer power in the airlines industry in South Korea, 2022
Figure 9: Drivers of supplier power in the airlines industry in South Korea, 2022
Figure 10: Factors influencing the likelihood of new entrants in the airlines industry in South Korea, 2022
Figure 11: Factors influencing the threat of substitutes in the airlines industry in South Korea, 2022
Figure 12: Drivers of degree of rivalry in the airlines industry in South Korea, 2022

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.