Less-Than-Truckload (LTL) Market To Grow By USD 110.7 Billion (2025-2029), E-Commerce Growth Fuels Expansion, Report Explores How AI Is Redefining The...
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Less-Than-Truckload (LTL) Market Scope | |
Report Coverage | Details |
Base year | 2024 |
Historic period | 2019 - 2023 |
Forecast period | 2025-2029 |
Growth momentum & CAGR | Accelerate at a CAGR of 6.8% |
Market growth 2025-2029 | USD 110.7 billion |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 6.4 |
Regional analysis | APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution | APAC at 60% |
Key countries | China, US, Japan, Germany, Canada, India, France, South Korea, UK, and Italy |
Key companies profiled | Allcargo Logistics Ltd., ArcBest Corp., Averitt Express Inc., Challenger Motor Freight Inc., CMA CGM SA Group, Debon Logistics Co. Ltd., Deutsche Post AG, Estes Express Lines, FedEx Corp., J B Hunt Transport Services Inc., JRC Dedicated Services Co., Knight Swift Transportation Holdings Inc., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Old Dominion Freight Line Inc., R L Carriers Inc., SouthEastern Freight Lines, United Parcel Service Inc., XPO Inc., and Yellow Corp.. |
Market Driver
The Less-Than-Truckload (LTL) market is witnessing significant growth in various sectors like Agriculture, Fishing, Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, and E-commerce. Freight transport volume is increasing due to the rise in demand for retail products and MSME sector goods. Freight pricing trends are influenced by fuel prices, with petrol and diesel affecting truckers' costs. Oil demand and marketing companies' crude oil purchases impact freight transportation expenses. LTL services cater to small and medium shipments, offering scalability and affordability. Road freight services dominate the logistics sector, but air, rail, and ground shipping also play essential roles. Full Truckload carriers and specialized carriers serve industries with large cargo requirements, while LTL freight carriers cater to shippers with lower volume needs. Operational efficiency and economic conditions are crucial factors in LTL pricing, with density-based pricing becoming common. Startups and industrial shipping benefit from LTL's flexibility.
LTL logistics companies and shippers are leveraging big data to transform vast amounts of information into a competitive edge. Big data offers advantages such as customized services, identifying market trends, and agility for new business models. In the European logistics sector, the implementation of big data analytics is still in its infancy due to IT disparities. Big data significantly benefits the logistics industry in three key areas: operational efficiency, customer experience, and new business models. By optimizing core activities like resource utilization, delivery time, and geographical coverage, big data enhances operational efficiency. Improved customer experience is achieved through personalized services and real-time tracking. New business models can be developed based on data-driven insights, creating agility and innovation in the industry.
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Market Challenges
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Segment Overview
This less-than-truckload (ltl) market report extensively covers market segmentation by
- Light LTL Volume
- Heavy LTL Volume
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website:
SOURCE Technavio
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