Global Less-than Container Load Freight Forwarding Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Less-than Container Load Freight Forwarding Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Freight forwarding refers to a cargo transportation agent. Freight forwarding is a professional logistics service provider that provides customers with a series of logistics services such as cargo transportation, warehousing, customs declaration, insurance, and agency settlement. Less than Container Load (LCL) is a shipment that is less than a full container and the shipment will be combined with other LCL shipments. The statistical scope of this report is freight forwarding companies that can provide LCL services.

Market Overview:

The latest research study on the global Less-than Container Load Freight Forwarding market finds that the global Less-than Container Load Freight Forwarding market reached a value of USD 1463.78 million in 2023. It’s expected that the market will achieve USD 16807.41 million by 2029, exhibiting a CAGR of 50.2% during the forecast period.

The competitive landscape of the LCL freight forwarding industry is fragmented and the industry concentration is low. In this report, based on the current situation of enterprise layout in the LCL freight forwarding industry, we classify enterprises with a market share of more than 3% into the first echelon. In 2022, in terms of market share, Kuehne+Nagel will be the top company in the market, accounting for 11.69% of the market value share. Kuehne+Nagel, DHL Group, DSV, DB Schenker, Expeditors, and Sinotrans are the first-tier companies in the market. We classify companies with market shares between 3% and 1% as the second tier. C.H. Robinson, Nippon Express, LX Pantos, Kerry Logistics, Kintetsu World Express, CEVA Logistics, and GEODIS are second tier companies. We classify companies with a market share of less than 1% as third-tier companies. Bolloré Logistics, Huamao Logistics, Hellmann Worldwide Logistics and other LCL freight forwarding companies are third-tier companies.

Cross-border e-commerce logistics

The promotion of e-commerce transactions by social platforms and the proliferation of e-commerce startups have driven the rapid growth of e-commerce demand for logistics services. With the development of cross-border e-commerce platforms and the growth of global trade, more and more companies and consumers choose to trade goods through cross-border e-commerce channels, which has also driven the demand for the global e-commerce logistics market. Countries such as Singapore, Indonesia, Australia, France, Mexico and India have all seen significant growth in cross-border e-commerce activities. With the development of cross-border e-commerce, cross-border logistics has also developed rapidly. The development of cross-border e-commerce logistics has promoted the growth of the LCL freight forwarding industry market.

Asia market

Against the backdrop of steady growth in the total size of the LCL freight forwarding market, the Asia-Pacific region is growing significantly faster than other regions. After the Regional Comprehensive Economic Partnership (RCEP) takes effect for relevant Asian countries on January 1, 2022, the Asian freight forwarding business is expected to further benefit from trade liberalization: the entry into force of RCEP will provide cumulative benefits to the manufacturing supply chains of each member country. , conducive to bilateral trade among member countries, attracting global investment to focus on the Asia-Pacific region, and providing structural growth opportunities for maritime and air freight forwarding. The “One Belt, One Road” initiative proposed by China has been recognized and participated by more and more countries and regions along the route, and many of these countries have also seen rapid growth in demand for e-commerce and logistics services. In this context, e-commerce and logistics companies can achieve the rapid development of global trade and cross-border e-commerce by building more efficient, intelligent, and green logistics networks. The development of the cross-border logistics industry in Asia has promoted the market growth of the LCL freight forwarding industry.

Region Overview:

In 2022, Asia’s LCL freight forwarding market share will be 35.02%.

Company Overview:

Kuehne+Nagel is one of the major players in the LCL freight forwarding market, with a share of 10.12% in 2023.

Kuehne+Nagel was founded in Germany in 1890 and started as a shipping forwarder. Its air and sea freight forwarding and contract logistics businesses rank among the top three in the world. The company mainly provides customers with logistics value-added services in the field of international cargo circulation, including freight forwarding and contract logistics. Over the past few decades, Kuehne + Nagel's business scope has expanded from Germany to the world, and its air and sea freight forwarding business has surpassed DHL to become the world's largest. On the one hand, Kuehne + Nagel's competitive advantage lies in the company's orderly expansion of business areas, from ocean freight forwarding to contract logistics, to air and land freight forwarding; on the other hand, it stems from the company's continuous acquisitions, expansion of service scope and categories over the years, and continuous Go deep into high-added business areas.

In recent years, Kuehne + Nagel has been committed to expanding into emerging markets such as Asia Pacific, which is specifically reflected in: 1) Strategic cooperation with Alibaba to open up customer base. In 2017, the KN FreightNet digital transportation management system was integrated with Alibaba to provide multimodal logistics solutions to Alibaba’s customers. 2) Acquire Apex to increase Asia’s space agency share. In 2021, it acquired Chinese logistics provider Apex International. Apex is one of the advanced air and sea logistics service providers in Asia. Overall, Kuehne + Nagel is continuously improving its capabilities in full-link container transportation and supply chain services. Freight forwarding and contract logistics are accelerating collaboratively, deepening into high value-added business areas, and realizing the upgrade and transformation from freight forwarding to supply chain service provider.

Segmentation Overview:

By type, the 50.16% segment will hold the largest market share in 2022.

Application Overview:

In terms of application, the industrial and manufacturing segment will account for the largest share from 2018 to 2022.

Key Companies in the global Less-than Container Load Freight Forwarding market covered in Chapter 3:

Expeditors
Kintetsu World Express
DB Schenker
DHL Group
Hellmann Worldwide Logistics
Kuehne+Nagel
DSV
GEODIS
Bollore Logistics
sinotrans
C.H. Robinson
Nippon Express
LX Pantos
Kerry logistics
CEVA Logistics
Huamao Logistics

In Chapter 4 and Chapter 14.2, on the basis of types, the Less-than Container Load Freight Forwarding market from 2019 to 2030 is primarily split into:

Small and medium enterprises
large enterprise

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Less-than Container Load Freight Forwarding market from 2019 to 2030 covers:

Agricultural
Automotive
Beverage
Electronic
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)