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Less-than-truckload (LTL) Market by Carrier Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71750
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The LTL market size should rise to USD 59.55 billion from 2021 to 2025 at a CAGR of 5.11%.

This less-than-truckload (LTL) market research report extensively covers market segmentation by carrier type (superregional carriers, long-haul carriers, and regional carriers) and Geography (APAC, Europe, North America, MEA, and South America). The less-than-truckload (LTL) market report also offers information on several market vendors, including Allcargo Logistics Ltd., DEPPON LOGISTICS Co. Ltd., Deutsche Post DHL Group, Estes Express Lines, FedEx Corp., Kuehne Nagel International AG, Nippon Express Co. Ltd., Old Dominion Freight Line Inc., United Parcel Service Inc., and XPO Logistics Inc. among others.

What will the Less-than-truckload (LTL) Market Size be in 2021?

Less-than-truckload (LTL) Market Size

To Unlock the Less-than-truckload (LTL) Market Size for 2021 and Other Important Statistics, Download the Free Report Sample!

Less-than-truckload (LTL) Market: Key Drivers and Trends

The advances of e-commerce in the retail sector is notably driving the less-than-truckload (LTL) market growth, although factors such as the pricing of LTL carriers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ltl market share. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This less-than-truckload (LTL) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Less-than-truckload (LTL) Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Allcargo Logistics Ltd.
  • DEPPON LOGISTICS Co. Ltd.
  • Deutsche Post DHL Group
  • Estes Express Lines
  • FedEx Corp.
  • Kuehne Nagel International AG
  • Nippon Express Co. Ltd.
  • Old Dominion Freight Line Inc.
  • United Parcel Service Inc.
  • XPO Logistics Inc.

 

The vendor landscape of the less-than-truckload (LTL) market entails successful business strategies deployed by the vendors. The less-than-truckload (LTL) market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the less-than-truckload (LTL) market forecast report for insights on complete key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects. 

Which are the Key Regions for Less-than-truckload (LTL) Market?

Less-than-truckload (LTL) Market Market segmentation by region

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40% of the market's growth will originate from APAC during the forecast period. China is the key market for less-than-truckload (LTL) in APAC. 

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Increased outsourcing of logistics services will facilitate the less-than-truckload (LTL) market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Carrier Type Segments in the Less-than-truckload (LTL) Market?

Less-than-truckload (LTL) Market Segmentation

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The less-than-truckload (LTL) market share growth by the superregional carriers segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the less-than-truckload (LTL) market size.

Less-than-truckload (LTL) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.11%

Market growth 2021-2025

$ 59.55 billion

Market structure

Fragmented

YoY growth (%)

4.87

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 40%

Key consumer countries

China, US, France, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Allcargo Logistics Ltd., DEPPON LOGISTICS Co. Ltd., Deutsche Post DHL Group, Estes Express Lines, FedEx Corp., Kuehne Nagel International AG, Nippon Express Co. Ltd., Old Dominion Freight Line Inc., United Parcel Service Inc., and XPO Logistics Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Factors Covered in this Less-than-truckload (LTL) Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive less-than-truckload (LTL) market growth during the next five years
  • Precise estimation of the less-than-truckload (LTL) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the less-than-truckload (LTL) market across APAC, Europe, North America, MEA, and South America 
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of less-than-truckload (LTL) market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Carrier type

    • Market segments
    • Comparison by Carrier type
    • Superregional carriers - Market size and forecast 2020-2025
    • Long-haul carriers - Market size and forecast 2020-2025
    • Regional carriers - Market size and forecast 2020-2025
    • Market opportunity by Carrier type

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Allcargo Logistics Ltd.
    • DEPPON LOGISTICS Co. Ltd.
    • Deutsche Post DHL Group
    • Estes Express Lines
    • FedEx Corp.
    • Kuehne Nagel International AG
    • Nippon Express Co. Ltd.
    • Old Dominion Freight Line Inc.
    • United Parcel Service Inc.
    • XPO Logistics Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    Less-than-truckload (LTL) market growth will increase by $59.55 billion during 2020-2025.
    The less-than-truckload (ltl) market is expected to grow at a CAGR of 5.11% during 2020-2025.
    Technavio has segmented the less-than-truckload (ltl) market by other1 (Superregional carriers, Long-haul carriers, and Regional carriers) and geographic (APAC, Europe, North America, MEA, and South America).
    Allcargo Logistics Ltd., DEPPON LOGISTICS Co. Ltd., Deutsche Post DHL Group, Estes Express Lines, FedEx Corp., Kuehne Nagel International AG, Nippon Express Co. Ltd., Old Dominion Freight Line Inc., United Parcel Service Inc., XPO Logistics Inc. are a few of the key vendors in the less-than-truckload (ltl) market.
    APAC will register the highest growth rate of 40.18% 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 of e-commerce in retail sector
    The less-than-truckload (ltl) market vendors should focus on grabbing business opportunities from the superregional carriers segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
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