Air Freight in Asia-Pacific
SummaryAir 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 competitiors in Asia-Pacific's air freight market?
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