Global LTL Freight Market Growth (Status and Outlook) 2023-2029

Global LTL Freight Market Growth (Status and Outlook) 2023-2029

Less than truckload freight shipping (LTL) is used for the transportation of small freight or when freight doesn't require the use of an entire trailer.

LPI (LP Information)' newest research report, the “LTL Freight Industry Forecast” looks at past sales and reviews total world LTL Freight sales in 2022, providing a comprehensive analysis by region and market sector of projected LTL Freight sales for 2023 through 2029. With LTL Freight sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LTL Freight industry.

This Insight Report provides a comprehensive analysis of the global LTL Freight landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LTL Freight portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global LTL Freight market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LTL Freight and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LTL Freight.

The global LTL Freight market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for LTL Freight is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for LTL Freight is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for LTL Freight is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key LTL Freight players cover UPS, FedEx, Deutsche Post, Union Pacific, DHL, Estes Express Lines, Old Dominion Freight Line, YRC and Holland Trucking, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of LTL Freight market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Air Freight
Ocean Freight
Land Freight

Segmentation by application
Daily Necessities
Electronic Product
Medicine and Chemistry
Industrial Equipment and Parts
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
UPS
FedEx
Deutsche Post
Union Pacific
DHL
Estes Express Lines
Old Dominion Freight Line
YRC
Holland Trucking
Southeastern Freight Lines
J.B. Hunt
Schneider
Swift Transportation
Werner Enterprises
Deppon
XPO Logistics
ABF Freight
SF Express
Shanghai ANE Logistics

Please note: The report will take approximately 2 business days to prepare and deliver.