PUBLISHER: Azoth Analytics | PRODUCT CODE: 1459571
PUBLISHER: Azoth Analytics | PRODUCT CODE: 1459571
Azoth Analytics has released a research report titled "Global Less Than Truck Load Market (2024 Edition)" which provides a complete analysis of the Global Less Than Truck Load industry in terms of market segmentation By Type (Long-Haul Carriers, Superregional Carriers, and Regional Carriers), By Application (Retail Shipping, Industrial Shipping, and Food & Beverages Shipping), By Mode (Ground Shipping, Air Shipping, and Rail Shipping) for the historical period of 2020-2023, the estimates of 2024 and the forecast period of 2025-2030.
The report analyses the Less Than Truck Load Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Mexico, Germany, United Kingdom, France, Italy, China, Japan, and India). The Global Less Than Truck Load market showcased growth at a CAGR of 4.03% during 2020-2023. The market was valued at USD 199.03 Billion in 2023 which is expected to reach USD 284.98 Billion in 2030. LTL carriers are experiencing increased demand due to the rise of e-commerce, which has led to smaller, more frequent shipments. Additionally, the globalization of supply chains has spurred cross-border trade, further driving demand for LTL services. Technological advancements have played a pivotal role in optimizing operations, with automation, data analytics, and route optimization enhancing efficiency and reducing costs for carriers. Moreover, the growing focus on sustainability and environmental consciousness has prompted LTL carriers to adopt eco-friendly practices and invest in
greener technologies.
In terms of market growth, the LTL sector is witnessing expansion driven by the robust performance of industries such as retail, manufacturing, and healthcare. The adoption of just-in-time inventory management practices has necessitated faster and more flexible transportation solutions, aligning well with the offerings of LTL carriers. Additionally, strategic partnerships and acquisitions within the industry have enabled LTL companies to broaden their service portfolios, enhance network coverage, and tap into new markets.
Additionally, the Less Than Truckload (LTL) market's growth is also fuelled by the trend towards supply chain optimization and cost-saving measures among businesses. Companies are increasingly outsourcing their logistics needs to specialized LTL carriers to streamline operations and reduce overhead costs associated with maintaining in-house transportation fleets. Moreover, the shift towards just-in-time inventory management practices has heightened the need for reliable and flexible transportation solutions, further driving demand for LTL services.
Furthermore, the LTL market's growth is supported by the increasing complexity of customer requirements and the need for tailored logistics solutions. Businesses across various industries require customizable shipping options to accommodate diverse cargo types, delivery schedules, and destination requirements. LTL carriers are well-positioned to meet these demands by offering a range of value-added services such as temperature-controlled shipping, specialized handling, and enhanced tracking capabilities.
Scope of the Report:
The report analyses the Less Than Truck Load Market by Value (USD Billion).
The report presents the analysis of Less Than Truck Load Market for the historical period of 2020-2023, the estimated year 2024 and the forecast period of 2025-2030.
The report analyses the Less Than Truck Load Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Mexico, Germany, United Kingdom, France, Italy, China, Japan, and India)
The report analyses the Less Than Truck Load Market By Type (Long-Haul Carriers, Superregional Carriers, and Regional Carriers)
The report analyses the Less Than Truck Load Market By Application (Retail Shipping, Industrial Shipping, and Food & Beverages Shipping).
The report analyses the Less Than Truck Load Market By Mode (Ground Shipping, Air Shipping, and Rail Shipping).
The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, By Type, By Application & By Mode.
Also, the major opportunities, trends, drivers, and challenges of the industry has been analyzed in the report.
The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report are United Parcel Service, FedEx Corporation, XPO Inc., Old Dominion Freight Line, Yellow Corporation, ABF Freight System, Estes Express Line, R+ L Carriers, Saia Inc., and DHL Freight.
List of Tables
Table A1: Global Impact of Macro Economic Factors, By Region
Table A2: Logistics Sector Split Across Mode and Industry
Table A3: United States Less Than Truck Load Market, By Type, By Value, 2020-2023 (USD Billion)
Table A4: United States Less Than Truck Load Market, By Type, By Value, 2024-2030 (USD Billion)
Table A5: United States Less Than Truck Load Market, By Application, By Value, 2020-2023 (USD Billion)
Table A6: United States Less Than Truck Load Market, By Application, By Value, 2024-2030 (USD Billion)
Table A7: United States Less Than Truck Load Market, By Mode, By Value, 2020-2023 (USD Billion)
Table A8: United States Less Than Truck Load Market, By Mode, By Value, 2024-2030 (USD Billion)
Table A9: Canada Less Than Truck Load Market, By Type, By Value, 2020-2023 (USD Billion)
Table A10: Canada Less Than Truck Load Market, By Type, By Value, 2024-2030 (USD Billion)
Table A11: Canada Less Than Truck Load Market, By Application, By Value, 2020-2023 (USD Billion)
Table A12: Canada Less Than Truck Load Market, By Application, By Value, 2024-2030 (USD Billion)
Table A13: Canada Less Than Truck Load Market, By Mode, By Value, 2020-2023 (USD Billion)
Table A14: Canada Less Than Truck Load Market, By Mode, By Value, 2024-2030 (USD Billion)
Table A15: Mexico Less Than Truck Load Market, By Type, By Value, 2020-2023 (USD Billion)
Table A16: Mexico Less Than Truck Load Market, By Type, By Value, 2024-2030 (USD Billion)
Table A17: Mexico Less Than Truck Load Market, By Application, By Value, 2020-2023 (USD Billion)
Table A18: Mexico Less Than Truck Load Market, By Application, By Value, 2024-2030 (USD Billion)
Table A19: Mexico Less Than Truck Load Market, By Mode, By Value, 2020-2023 (USD Billion)
Table A20: Mexico Less Than Truck Load Market, By Mode, By Value, 2024-2030 (USD Billion)
Table A21: Rest of Americas Less Than Truck Load Market, By Type, By Value, 2020-2023 (USD Billion)
Table A22: Rest of Americas Less Than Truck Load Market, By Type, By Value, 2024-2030 (USD Billion)
Table A23: Rest of Americas Less Than Truck Load Market, By Application, By Value, 2020-2023 (USD Billion)
Table A24: Rest of Americas Less Than Truck Load Market, By Application, By Value, 2024-2030 (USD Billion)
Table A25: Rest of Americas Less Than Truck Load Market, By Mode, By Value, 2020-2023 (USD Billion)
Table A26: Rest of Americas Less Than Truck Load Market, By Mode, By Value, 2024-2030 (USD Billion)
Table A27: Germany Less Than Truck Load Market, By Type, By Value, 2020-2023 (USD Billion)
Table A28: Germany Less Than Truck Load Market, By Type, By Value, 2024-2030 (USD Billion)
Table A29: Germany Less Than Truck Load Market, By Application, By Value, 2020-2023 (USD Billion)
Table A30: Germany Less Than Truck Load Market, By Application, By Value, 2024-2030 (USD Billion)
Table A31: Germany Less Than Truck Load Market, By Mode, By Value, 2020-2023 (USD Billion)
Table A32: Germany Less Than Truck Load Market, By Mode, By Value, 2024-2030 (USD Billion)
Table A33: United Kingdom Less Than Truck Load Market, By Type, By Value, 2020-2023 (USD Billion)
Table A34: United Kingdom Less Than Truck Load Market, By Type, By Value, 2024-2030 (USD Billion)
Table A35: United Kingdom Less Than Truck Load Market, By Application, By Value, 2020-2023 (USD Billion)
Table A36: United Kingdom Less Than Truck Load Market, By Application, By Value, 2024-2030 (USD Billion)
Table A37: United Kingdom Less Than Truck Load Market, By Mode, By Value, 2020-2023 (USD Billion)
Table A38: United Kingdom Less Than Truck Load Market, By Mode, By Value, 2024-2030 (USD Billion)
Table A39: France Less Than Truck Load Market, By Type, By Value, 2020-2023 (USD Billion)
Table A40: France Less Than Truck Load Market, By Type, By Value, 2024-2030 (USD Billion)
Table A41: France Less Than Truck Load Market, By Application, By Value, 2020-2023 (USD Billion)
Table A42: France Less Than Truck Load Market, By Application, By Value, 2024-2030 (USD Billion)
Table A43: France Less Than Truck Load Market, By Mode, By Value, 2020-2023 (USD Billion)
Table A44: France Less Than Truck Load Market, By Mode, By Value, 2024-2030 (USD Billion)
Table A45: Italy Less Than Truck Load Market, By Type, By Value, 2020-2023 (USD Billion)
Table A46: Italy Less Than Truck Load Market, By Type, By Value, 2024-2030 (USD Billion)
Table A47: Italy Less Than Truck Load Market, By Application, By Value, 2020-2023 (USD Billion)
Table A48: Italy Less Than Truck Load Market, By Application, By Value, 2024-2030 (USD Billion)
Table A49: Italy Less Than Truck Load Market, By Mode, By Value, 2020-2023 (USD Billion)
Table A50: Italy Less Than Truck Load Market, By Mode, By Value, 2024-2030 (USD Billion)
Table A51: Rest of Europe Less Than Truck Load Market, By Type, By Value, 2020-2023 (USD Billion)
Table A52: Rest of Europe Less Than Truck Load Market, By Type, By Value, 2024-2030 (USD Billion)
Table A53: Rest of Europe Less Than Truck Load Market, By Application, By Value, 2020-2023 (USD Billion)
Table A54: Rest of Europe Less Than Truck Load Market, By Application, By Value, 2024-2030 (USD Billion)
Table A55: Rest of Europe Less Than Truck Load Market, By Mode, By Value, 2020-2023 (USD Billion)
Table A56: Rest of Europe Less Than Truck Load Market, By Mode, By Value, 2024-2030 (USD Billion)
Table A57: China Less Than Truck Load Market, By Type, By Value, 2020-2023 (USD Billion)
Table A58: China Less Than Truck Load Market, By Type, By Value, 2024-2030 (USD Billion)
Table A59: China Less Than Truck Load Market, By Application, By Value, 2020-2023 (USD Billion)
Table A60: China Less Than Truck Load Market, By Application, By Value, 2024-2030 (USD Billion)
Table A61: China Less Than Truck Load Market, By Mode, By Value, 2020-2023 (USD Billion)
Table A62: China Less Than Truck Load Market, By Mode, By Value, 2024-2030 (USD Billion)
Table A63: Japan Less Than Truck Load Market, By Type, By Value, 2020-2023 (USD Billion)
Table A64: Japan Less Than Truck Load Market, By Type, By Value, 2024-2030 (USD Billion)
Table A65: Japan Less Than Truck Load Market, By Application, By Value, 2020-2023 (USD Billion)
Table A66: Japan Less Than Truck Load Market, By Application, By Value, 2024-2030 (USD Billion)
Table A67: Japan Less Than Truck Load Market, By Mode, By Value, 2020-2023 (USD Billion)
Table A68: Japan Less Than Truck Load Market, By Mode, By Value, 2024-2030 (USD Billion)
Table A69: India Less Than Truck Load Market, By Type, By Value, 2020-2023 (USD Billion)
Table A70: India Less Than Truck Load Market, By Type, By Value, 2024-2030 (USD Billion)
Table A71: India Less Than Truck Load Market, By Application, By Value, 2020-2023 (USD Billion)
Table A72: India Less Than Truck Load Market, By Application, By Value, 2024-2030 (USD Billion)
Table A73: India Less Than Truck Load Market, By Mode, By Value, 2020-2023 (USD Billion)
Table A74: India Less Than Truck Load Market, By Mode, By Value, 2024-2030 (USD Billion)
Table A75: Rest of Asia Pacific Less Than Truck Load Market, By Type, By Value, 2020-2023 (USD Billion)
Table A76: Rest of Asia Pacific Less Than Truck Load Market, By Type, By Value, 2024-2030 (USD Billion)
Table A77: Rest of Asia Pacific Less Than Truck Load Market, By Application, By Value, 2020-2023 (USD Billion)
Table A78: Rest of Asia Pacific Less Than Truck Load Market, By Application, By Value, 2024-2030 (USD Billion)
Table A79: Rest of Asia Pacific Less Than Truck Load Market, By Mode, By Value, 2020-2023 (USD Billion)
Table A80: Rest of Asia Pacific Less Than Truck Load Market, By Mode, By Value, 2024-2030 (USD Billion)
Table A81: United Parcel Service Key Company Financials, 2021-2023
Table A82: FedEx Corporation Key Company Financials, 2021-2023
Table A83: XPO Key Company Financials, 2020-2022
Table A84: Old Dominion Key Company Financials, 2021-2023
Table A85: Yellow Corporation Key Company Financials, 2020-2022
Table A86: Saia Inc. Key Company Financials, 2021-2023