Global Less than Truckload Market Growth (Status and Outlook) 2023-2029

Global Less than Truckload Market Growth (Status and Outlook) 2023-2029

Less-than-truckload (LTL) is a shipping service for relatively small loads or freight. Less-than-truckload Services are offered by many large, national parcel Services as well as specialized logistics providers. These Services can accommodate the shipping needs of countless businesses that need to move goods frequently and in smaller batches. Less-than-truckload shippers offer economies of scale so that freight costs of individual shippers are minimized.

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

This Insight Report provides a comprehensive analysis of the global Less than Truckload 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 Less than Truckload portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Less than Truckload market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Less than Truckload 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 Less than Truckload.

The global Less than Truckload 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.

Less-than-truckload Services have gained increased importance in today's economy. With the inexorable rise of e-commerce, quick shipments of products to customers are imperative for companies competing for sales. This means that their products must be inventoried in warehouses or distribution centers close to customers at all times. Often, a company will not wait until a wholesaler is running low on product inventory so that it can ship a full truckload of replenishment. Instead, it will more frequently ship less-than-truckload to mitigate the risk of potential loss of sales from lack of inventory for its distant customers. The shipping costs of its goods may be incrementally higher and the delivery time may be longer than for a dedicated full truckload, but the trade-off is more dependable inventory availability.

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

Market Segmentation:

Segmentation by type
Long-haul Carriers
Superregional Carriers
Regional Carriers

Segmentation by application
Domestic Shipping
International Shipping

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.
Deutsche Post
FedEx
Kuehne + Nagel
United Parcel Service of America
XPO Logistics

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