Air Freight in South Korea
SummaryAir Freight in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Air freight is a mode of transportation that involves the movement of goods and cargo through the airways.
- The South Korean air freight sector recorded revenues of $4,585 million in 2023, representing a negative compound annual growth rate (CAGR) of 5.6% between 2018 and 2023.
- Sector consumption volumes declined with a negative CAGR of 2.5% between 2018 and 2023, to reach a total of 10,148.5 million FTK in 2023.
- The decline in the South Korean air freight market can be attributed to various factors. One significant contributor is the shift in consumer and business preferences towards more cost-effective transportation alternatives, such as rail and sea freight, which offer competitive pricing and reliability for certain types of cargo.
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 2023?
- What will be the size of the South Korea air freight market in 2028?
- 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?
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