China Less-than-truckload (LTL) Market (Direct Line & Local Freight Operators and Express Freight Networks): Insights & Forecast with Potential Impact of COVID-19 (2023-2027)

China Less-than-truckload (LTL) Market (Direct Line & Local Freight Operators and Express Freight Networks): Insights & Forecast with Potential Impact of COVID-19 (2023-2027)

China road transportation market is anticipated to reach US$1032.12 billion in 2027, growing at a CAGR of 6.33% during the period spanning 2023-2027. An increase in import and export of products and materials is expected to boost the road freight transport market during the forecast period. China’s road transportation market can be segmented as follows: Full-truck-load (FTL), Less-than-truckload (LTL), and Express parcel.

China Less-than-truckload (LTL) market is anticipated to reach US$336.13 billion in 2027, growing at a CAGR of 6.49% during the period spanning 2023-2027. The growth in the market has been driven by factors like rising consumption rate, rising penetration of B2C heavy-goods e-commerce, mounting urban population, omni-channel and delayering of trade distribution, and just in time manufacturing. The market is expected to face certain challenges such as high cost and capital & time intensive. To overcome these challenges, the market would witness some key trends like replacement of regional carriers with express freight networks, technological developments, evolution of commerce landscape and supply chain, and increasing sustainability in LTL transportation.

China Less-than-truckload (LTL) market by component can be segmented as follows: Direct Line & Local Freight Operators and Express Freight Networks. In 2022, the dominant share of the market was held by Direct Line & Local Freight Operators. Further, China’s express freight network market can be divided into two models: Freight Partner Platform Model and Direct Model. In 2022, the dominant share of the market was held by Freight Partner Platform Model.

Scope of the report:

  • The report provides a comprehensive analysis of the China Less-than-truckload (LTL) market.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (SF Holdings, Co.Ltd., ANE Cayman Inc., ZTO Express, Deppon Logistics, Yimidida, Yunda Express) are also presented in detail.
Key Target Audience:
  • Freight Companies
  • LTL Operators
  • Logistic Services Providers
  • End Users (Consumers)
  • Investment Banks
  • Government Bodies & Regulating Authorities


1. Market Overview
1.1 Road Transportation: An Overview
1.1.1 Introduction
Table 1: Types of Road Transportation Based on Weight Per Shipment and Their Key Features
1.2 Less-than-Load (LTL): An Overview
1.2.1 Introduction
Table 2: Factors of LTL shipping
1.3 Types of LTL Carriers
Table 3: Types of LTL Carriers
1.4 Benefits of LTL
Table 4: Benefits of LTL
1.5 Challenges of LTL
Table 5: Challenges of LTL
1.6 Categories of LTL
Table 6: Categories of LTL
1.7 Express Freight Networks vs. Direct Line & Local Freight Operation
Table 7: Express Freight Networks vs. Direct Line & Local Freight Operation
1.8 Freight Partner Platform Model vs. Direct Model
Table 8: Freight Partner Platform Model vs. Direct Model
2. Impact of COVID-19
2.1 Impact of COVID-19 on Less-than-Load (LTL) Market
2.2 Impact of COVID-19 on Logistics Market
2.3 Impact of COVID-19 on E-commerce
Table 9: China E-commerce Penetration Rate (2015-2020)
2.4 Post-COVID Scenario
3. China Market Analysis
3.1 China Road Transportation Market by Value
Table 10: China Road Transportation Market by Value (2018-2022)
3.2 China Road Transportation Market Forecast by Value
Table 11: China Road Transportation Market Forecast by Value (2023-2027)
3.3 China Road Transportation Market by Segment
Table 12: China Road Transportation Market by Segment (2022)
3.4 China Less Than Truckload (LTL) Market by Value
Table 13: China Less Than Truckload (LTL) Market by Value (2018-2022)
3.5 China Less Than Truckload (LTL) Market Forecast by Value
Table 14: China Less Than Truckload (LTL) Market Forecast by Value (2023-2027)
3.6 China Less Than Truckload (LTL) Market by Component
Table 15: China Less Than Truckload (LTL) Market by Component (2022)
3.6.1 China Direct Line & Local Freight Operators Market by Value
Table 16: China Direct Line & Local Freight Operators Market by Value (2018-2022)
3.6.2 China Direct Line & Local Freight Operators Market Forecast by Value
Table 17: China Direct Line & Local Freight Operators Market Forecast by Value (2023-2027)
3.6.3 China Express Freight Networks Market by Value
Table 18: China Express Freight Networks Market by Value (2018-2022)
3.6.4 China Express Freight Networks Market Forecast by Value
Table 19: China Express Freight Networks Market Forecast by Value (2023-2027)
3.6.5 China Express Freight Networks Market by Model
Table 20: China Express Freight Networks Market by Model (2022)
3.6.6 China Freight Partner Platform Model Market by Value
Table 21: China Freight Partner Platform Model Market by Value (2018-2022)
3.6.7 China Freight Partner Platform Model Market Forecast by Value
Table 22: China Freight Partner Platform Model Market Forecast by Value (2023-2027)
3.6.8 China Direct Model Market by Value
Table 23: China Direct Model Market by Value (2018-2022)
3.6.9 China Direct Model Market Forecast by Value
Table 24: China Direct Model Market Forecast by Value (2023-2027)
3.7 China Express Freight Networks Market by Volume
Table 25: China Express Freight Networks Market by Volume (2018-2022)
3.8 China Express Freight Networks Market Forecast by Volume
Table 26: China Express Freight Networks Market Forecast by Volume (2023-2027)
3.9 China Express Freight Networks Market Volume by Model
Table 27: China Express Freight Networks Market Volume by Model (2022)
3.9.1 China Freight Partner Platform Model Market by Volume
Table 28: China Freight Partner Platform Model Market by Volume (2018-2022)
3.9.2 China Freight Partner Platform Model Market Forecast by Volume
Table 29: China Freight Partner Platform Model Market Forecast by Volume (2023-2027)
3.9.3 China Direct Model Market by Volume
Table 30: China Direct Model Market by Volume (2018-2022)
3.9.4 China Direct Model Market Forecast by Volume
Table 31: China Direct Model Market Forecast by Volume (2023-2027)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Rising Consumption Rate
Table 32: China Consumption Rate (2016-2024)
4.1.2 Growing Penetration of B2C Heavy-Goods E-commerce
Table 33: China’s Total Household Appliance Retail Sales and Online Sales Penetration Rate (2015-2022)
4.1.3 Mounting Urban Population
Table 34: China Urban Population (2016-2022)
4.1.4 Omni-channel and Delayering of Trade Distribution
4.1.5 Just-in-Time Manufacturing
4.2 Key Trends & Developments
4.2.1 Technological Developments
4.2.2 Replacement of Regional Carriers with Express Freight Networks
4.2.3 Evolution of Commerce Landscape and Supply Chain
4.2.4 Increasing Sustainability in LTL Transportation
4.3 Challenges
4.3.1 High Cost
4.3.2 Capital and Time Intensive
5. Competitive Landscape
5.1 China Market
5.1.1 Market Share Comparison- Key Players
Table 35: Key Players – Market Share Comparison (2022)
6. Company Profiles
6.1 S.F. Holdings Co., Ltd.
6.1.1 Business Overview
6.2 ANE Cayman Inc.
6.2.1 Business Overview
6.3 ZTO Express (Cayman) Inc. (ZTO Freight)
6.3.1 Business Overview
6.4 Deppon Logistics Co., Ltd
6.4.1 Business Overview
6.5 Yunda Express
6.5.1 Business Overview
6.6 Yimidida
6.6.1 Business Overview

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