Less-than-truckload (LTL) Market by Type, Capacity, and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 163
  • SKU: IRTNTR71750

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Less-than-truckload (LTL) market growth will increase by $103.05 billion during 2023-2027.
The less-than-truckload (ltl) market is expected to grow at a CAGR of 7% during 2023-2027.
Technavio has segmented the less-than-truckload (ltl) market by type (Long-haul carriers, Superregional carriers, and Regional carriers) ,capacity (Light LTL Volume, Heavy LTL Volume, North America, MEA, and South America) , and geography (APAC, North America, Europe, Middle East and Africa, and South America).
Allcargo Logistics Ltd., ArcBest Corp, Averitt Express Inc., Challenger Motor Freight Inc., 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., Schneider National Inc., Southeastern Freight Lines, United Parcel Service Inc., XPO Logistics Inc., Yellow Corp. are a few of the key vendors in the less-than-truckload (ltl) market.
APAC will register the highest growth rate of 60.85% among the other regions. Therefore, the less-than-truckload (ltl) market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the less-than-truckload (ltl) market growth are:
  • Advances in e-commerce in retail sector
  • The emergence of big data
The less-than-truckload (ltl) market vendors should focus on grabbing business opportunities from the Long-haul carriers segment as it accounted for the largest market share in the base year.
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