DUBLIN–(BUSINESS WIRE)–Mar 10, 2025–
The “Less-Than-Truckload (LTL) – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Less-Than-Truckload (LTL) was valued at US$221.7 Billion in 2024 and is projected to reach US$293.7 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The LTL shipping industry has evolved significantly with advancements in logistics technology, enabling more efficient operations and better service offerings. Modern LTL carriers utilize sophisticated transportation management systems (TMS) that optimize routing and load consolidation, thus improving delivery times and reducing costs.
The growth in the LTL market is driven by several factors, including the continued expansion of e-commerce, which requires efficient distribution channels for the delivery of goods to consumers and businesses. The increasing trend towards urbanization also plays a significant role, as more goods need to be transported to urban centers where direct truckload shipping may not be feasible due to logistical constraints.
Moreover, environmental concerns and regulations are pushing companies to adopt greener logistics practices, with LTL shipping offering a more sustainable alternative to full truckload shipments by maximizing load capacity and reducing the number of vehicles on the road. Additionally, as businesses seek to enhance supply chain resilience and flexibility in response to global disruptions such as the COVID-19 pandemic, the demand for LTL shipping services that can provide adaptable and cost-effective solutions is likely to continue increasing. These drivers are crucial for understanding the dynamic nature of the LTL market and its future growth trajectory.
Additionally, real-time tracking technologies have become standard, providing shippers with up-to-the-minute updates on the location and status of their shipments. These technological improvements have enhanced customer satisfaction and operational transparency, making LTL shipping a more reliable option for businesses of all sizes. Furthermore, the integration of e-commerce into the global economy has led to increased demand for LTL services, as more businesses require flexible and efficient shipping solutions to meet the expectations of online consumers.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as C.H. Robinson Worldwide, Inc., Challenger Motor Freight Inc., DHL Group, Estes Express Lines, FedEx Corporation and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Regional LTL Carriers segment, which is expected to reach US$177.1 Billion by 2030 with a CAGR of a 5.1%. The Super-Regional LTL Carriers segment is also set to grow at 2.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $59.9 Billion in 2024, and China, forecasted to grow at an impressive 7.9% CAGR to reach $60.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Segments
- Type (Regional LTL Carriers, Super-Regional LTL Carriers, Long-Haul LTL Carriers)
- Destination (Domestic Destination, International Destination)
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 183 |
| Forecast Period | 2024 – 2030 |
| Estimated Market Value (USD) in 2024 | $221.7 Billion |
| Forecasted Market Value (USD) by 2030 | $293.7 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Less-than-truckload (LTL) – Global Key Competitors Percentage Market Share in 2025 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
MARKET TRENDS & DRIVERS
- E-commerce Boom Drives Growth in LTL Shipping Demand
- Technological Advances in Logistics and Fleet Management Enhance LTL Efficiency
- Rising Fuel Costs Influence LTL Shipping Strategies and Pricing
- Growth of Urbanization and the Need for Specialized LTL Services in Cities
- Increasing Consumer Demand for Faster Delivery Propels Innovations in LTL Services
- Integration of Blockchain for Transparency and Efficiency in LTL Shipments
FOCUS ON SELECT PLAYERS: Some of the 42 major companies featured in this Less-Than-Truckload (LTL) market report include:
- C.H. Robinson Worldwide, Inc.
- Challenger Motor Freight Inc.
- DHL Group
- Estes Express Lines
- FedEx Corporation
- J.B. Hunt Transport Services, Inc.
- JRC Dedicated Truck Services
- Kuehne + Nagel International AG
- Nippon Express USA Inc.
- Old Dominion Freight Line Inc.
- R+L Carriers, Inc.
- Schneider National Inc.
- TVS Supply Chain Solutions Ltd.
- United Parcel Service of America, Inc.
- XPO, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/zavv3o
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KEYWORD:
INDUSTRY KEYWORD: TRUCKING TRANSPORT OTHER TRANSPORT
SOURCE: Research and Markets
Copyright Business Wire 2025.
PUB: 03/10/2025 08:49 AM/DISC: 03/10/2025 08:48 AM
http://www.businesswire.com/news/home/20250310868295/en
