Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Executive Summary
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.
Table of Contents
1. Market Background
1.1 Scope and Service Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Analyst Recommendations
2.1 Diversification of Revenue Streams
2.2 Market Expansion and Globalization
3. Global Less Than Truck Load Market: Historic and Forecast
3.1 Impact Analysis of Macro Economic Factors on Global Less Than Truck Load Market
3.2 Analysis of Logistics Sector Split Across Mode and Industry
3.3 Global Less Than Truck Load Market: Dashboard
3.4 Global Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
3.5 Global Less Than Truck Load Market: Market Value Assessment
3.6 Assessment Degree of Impact of COVID-19 on Global Less Than Truck Load Market
3.7 Global Less Than Truck Load Market Segmentation : By Type
3.7.1 Global Less Than Truck Load Market, By Type Overview
3.7.2 Global Less Than Truck Load Market Attractiveness Index, By Type
3.7.3 Global Less Than Truck Load Market Size, By Long-Haul Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
3.7.4 Global Less Than Truck Load Market Size, By Superregional Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
3.7.5 Global Less Than Truck Load Market Size, By Regional Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
3.8 Global Less Than Truck Load Market Segmentation : By Application
3.8.1 Global Less Than Truck Load Market, By Application Overview
3.8.2 Global Less Than Truck Load Market Attractiveness Index, By Application
3.8.3 Global Less Than Truck Load Market Size, By Retail Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
3.8.4 Global Less Than Truck Load Market Size, By Industrial Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
3.8.5 Global Less Than Truck Load Market Size, By Food & Beverage Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
3.9 Global Less Than Truck Load Market Segmentation : By Mode
3.9.1 Global Less Than Truck Load Market, By Mode Overview
3.9.2 Global Less Than Truck Load Market Attractiveness Index, By Mode
3.9.3 Global Less Than Truck Load Market Size, By Ground Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
3.9.4 Global Less Than Truck Load Market Size, By Air Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
3.9.5 Global Less Than Truck Load Market Size, By Rail Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
4. Less Than Truck Load Market, Region Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
5. Americas Less Than Truck Load Market: Historic and Forecast
5.1 Americas Less Than Truck Load Market: Snapshot
5.2 Americas Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
5.3 Americas Less Than Truck Load Market: Key Factors
5.4 Americas Less Than Truck Load Market: Segment Analysis
5.5 Americas Less Than Truck Load Market Segmentation : By Type
5.5.1 Americas Less Than Truck Load Market, By Type Overview
5.5.2 Americas Less Than Truck Load Market Size, By Long-Haul Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
5.5.3 Americas Less Than Truck Load Market Size, By Superregional Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
5.5.4 Americas Less Than Truck Load Market Size, By Regional Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
5.6 Americas Less Than Truck Load Market Segmentation : By Application
5.6.1 Americas Less Than Truck Load Market, By Application Overview
5.6.2 Americas Less Than Truck Load Market Size, By Retail Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
5.6.3 Americas Less Than Truck Load Market Size, By Industrial Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
5.6.4 Americas Less Than Truck Load Market Size, By Food & Beverage Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
5.7 Americas Less Than Truck Load Market Segmentation : By Mode
5.7.1 Americas Less Than Truck Load Market, By Mode Overview
5.7.2 Americas Less Than Truck Load Market Size, By Ground Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
5.7.3 Americas Less Than Truck Load Market Size, By Air Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
5.7.4 Americas Less Than Truck Load Market Size, By Rail Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
5.8 Americas Less Than Truck Load Market Segmentation : By Country
5.8.1 Americas Less Than Truck Load Market, by Country Overview
5.8.2 United States Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
5.8.2.1 United States Less Than Truck Load Market, By Type
5.8.2.2 United States Less Than Truck Load Market, By Application
5.8.2.3 United States Less Than Truck Load Market, By Mode
5.8.3 Canada Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
5.8.3.1 Canada Less Than Truck Load Market, By Type
5.8.3.2 Canada Less Than Truck Load Market, By Application
5.8.3.3 Canada Less Than Truck Load Market, By Mode
5.8.4 Mexico Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
5.8.4.1 Mexico Less Than Truck Load Market, By Type
5.8.4.2 Mexico Less Than Truck Load Market, By Application
5.8.4.3 Mexico Less Than Truck Load Market, By Mode
5.8.5 Rest of Americas Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
5.8.5.1 Rest of Americas Less Than Truck Load Market, By Type
5.8.5.2 Rest of Americas Less Than Truck Load Market, By Application
5.8.5.3 Rest of Americas Less Than Truck Load Market, By Mode
6. Europe Less Than Truck Load Market: Historic and Forecast
6.1 Europe Less Than Truck Load Market: Snapshot
6.2 Europe Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.3 Europe Less Than Truck Load Market: Key Factors
6.4 Europe Less Than Truck Load Market: Segment Analysis
6.5 Europe Less Than Truck Load Market Segmentation : By Type
6.5.1 Europe Less Than Truck Load Market, By Type Overview
6.5.2 Europe Less Than Truck Load Market Size, By Long-Haul Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
6.5.3 Europe Less Than Truck Load Market Size, By Superregional Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
6.5.4 Europe Less Than Truck Load Market Size, By Regional Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
6.6 Europe Less Than Truck Load Market Segmentation : By Application
6.6.1 Europe Less Than Truck Load Market, By Application Overview
6.6.2 Europe Less Than Truck Load Market Size, By Retail Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
6.6.3 Europe Less Than Truck Load Market Size, By Industrial Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
6.6.4 Europe Less Than Truck Load Market Size, By Food & Beverage Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
6.7 Europe Less Than Truck Load Market Segmentation : By Mode
6.7.1 Europe Less Than Truck Load Market, By Mode Overview
6.7.2 Europe Less Than Truck Load Market Size, By Ground Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
6.7.3 Europe Less Than Truck Load Market Size, By Air Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
6.7.4 Europe Less Than Truck Load Market Size, By Rail Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
6.8 Europe Less Than Truck Load Market Segmentation : By Country
6.8.1 Europe Less Than Truck Load Market, by Country Overview
6.8.2 Germany Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.8.2.1 Germany Less Than Truck Load Market, By Type
6.8.2.2 Germany Less Than Truck Load Market, By Application
6.8.2.3 Germany Less Than Truck Load Market, By Mode
6.8.3 United Kingdom Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.8.3.1 United Kingdom Less Than Truck Load Market, By Type
6.8.3.2 United Kingdom Less Than Truck Load Market, By Application
6.8.3.3 United Kingdom Less Than Truck Load Market, By Mode
6.8.4 France Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.8.4.1 France Less Than Truck Load Market, By Type
6.8.4.2 France Less Than Truck Load Market, By Application
6.8.4.3 France Less Than Truck Load Market, By Mode
6.8.5 Italy Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.8.5.1 Italy Less Than Truck Load Market, By Type
6.8.5.2 Italy Less Than Truck Load Market, By Application
6.8.5.3 Italy Less Than Truck Load Market, By Mode
6.8.6 Rest of Europe Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.8.6.1 Rest of Europe Less Than Truck Load Market, By Type
6.8.6.2 Rest of Europe Less Than Truck Load Market, By Application
6.8.6.3 Rest of Europe Less Than Truck Load Market, By Mode
7. Asia Pacific Less Than Truck Load Market: Historic and Forecast
7.1 Asia Pacific Less Than Truck Load Market: Snapshot
7.2 Asia Pacific Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.3 Asia Pacific Less Than Truck Load Market: Key Factors
7.4 Asia Pacific Less Than Truck Load Market: Segment Analysis
7.5 Asia Pacific Less Than Truck Load Market Segmentation : By Type
7.5.1 Asia Pacific Less Than Truck Load Market, By Type Overview
7.5.2 Asia Pacific Less Than Truck Load Market Size, By Long-Haul Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
7.5.3 Asia Pacific Less Than Truck Load Market Size, By Superregional Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
7.5.4 Asia Pacific Less Than Truck Load Market Size, By Regional Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
7.6 Asia Pacific Less Than Truck Load Market Segmentation : By Application
7.6.1 Asia Pacific Less Than Truck Load Market, By Application Overview
7.6.2 Asia Pacific Less Than Truck Load Market Size, By Retail Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
7.6.3 Asia Pacific Less Than Truck Load Market Size, By Industrial Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
7.6.4 Asia Pacific Less Than Truck Load Market Size, By Food & Beverage Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
7.7 Asia Pacific Less Than Truck Load Market Segmentation : By Mode
7.7.1 Asia Pacific Less Than Truck Load Market, By Mode Overview
7.7.2 Asia Pacific Less Than Truck Load Market Size, By Ground Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
7.7.3 Asia Pacific Less Than Truck Load Market Size, By Air Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
7.7.4 Asia Pacific Less Than Truck Load Market Size, By Rail Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
7.8 Asia Pacific Less Than Truck Load Market Segmentation : By Country
7.8.1 Asia Pacific Less Than Truck Load Market, by Country Overview
7.8.2 China Less Than Truck Load Market : Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.8.2.1 China Less Than Truck Load Market, By Type
7.8.2.2 China Less Than Truck Load Market, By Application
7.8.2.3 China Less Than Truck Load Market, By Mode
7.8.3 Japan Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.8.3.1 Japan Less Than Truck Load Market, By Type
7.8.3.2 Japan Less Than Truck Load Market, By Application
7.8.3.3 Japan Less Than Truck Load Market, By Mode
7.8.4 India Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.8.4.1 India Less Than Truck Load Market, By Type
7.8.4.2 India Less Than Truck Load Market, By Application
7.8.4.3 India Less Than Truck Load Market, By Mode
7.8.5 Rest of Asia Pacific Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.8.5.1 Rest of Asia Pacific Less Than Truck Load Market, By Type
7.8.5.2 Rest of Asia Pacific Less Than Truck Load Market, By Application
7.8.5.3 Rest of Asia Pacific Less Than Truck Load Market, By Mode
8. Middle East & Africa Less Than Truck Load Market: Historic and Forecast
8.1 Middle East & Africa Less Than Truck Load Market: Snapshot
8.2 Middle East & Africa Less Than Truck Load Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
8.3 Middle East & Africa Less Than Truck Load Market: Key Factors
8.4 Middle East and Africa Less Than Truck Load Market: Segment Analysis
8.5 Middle East & Africa Less Than Truck Load Market Segmentation : By Type
8.5.1 Middle East & Africa Less Than Truck Load Market, By Type Overview
8.5.2 Middle East & Africa Less Than Truck Load Market Size, By Long-Haul Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
8.5.3 Middle East & Africa Less Than Truck Load Market Size, By Superregional Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
8.5.4 Middle East & Africa Less Than Truck Load Market Size, By Regional Carriers, By Value, 2020H-2030F (USD Billion & CAGR)
8.6 Middle East & Africa Less Than Truck Load Market Segmentation : By Application
8.6.1 Middle East & Africa Less Than Truck Load Market, By Application Overview
8.6.2 Middle East & Africa Less Than Truck Load Market Size, By Retail Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
8.6.3 Middle East & Africa Less Than Truck Load Market Size, By Industrial Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
8.6.4 Middle East & Africa Less Than Truck Load Market Size, By Food & Beverage Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
8.7 Middle East & Africa Less Than Truck Load Market Segmentation : By Mode
8.7.1 Middle East & Africa Less Than Truck Load Market, By Mode Overview
8.7.2 Middle East & Africa Less Than Truck Load Market Size, By Ground Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
8.7.3 Middle East & Africa Less Than Truck Load Market Size, By Air Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
8.7.4 Middle East & Africa Less Than Truck Load Market Size, By Rail Shipping, By Value, 2020H-2030F (USD Billion & CAGR)
9. Market Dynamics
9.1 Impact assessment of Market Dynamics on Less Than Truck Load Market
9.2 Drivers
9.3 Restraints
9.4 Trends
10. Industry Ecosystem Analysis
10.1 Porter Analysis
11. Competitive Positioning
11.1 Companies' Service Positioning
11.2 Market Position Matrix
11.3 Market Share Analysis of Less Than Truck Load Market
11.4 Company Profiles
11.4.1 United Parcel Service
11.4.2 FedEx Corporation
11.4.3 XPO, Inc.
11.4.4 Old Dominion Freight Line
11.4.5 Yellow Corporation
11.4.6 ABF Freight System, Inc.
11.4.7 Estes Express Lines
11.4.8 R+L Carriers, Inc.
11.4.9 Saia, Inc.
11.4.10 DHL Freight
12. About Us & Disclaimer
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