Authored By: Sarah
15 Sep 2022

Less-than-truckload (LTL) Market 2021-2025: Allcargo Logistics Ltd., DEPPON LOGISTICS Co. Ltd., and Deutsche Post DHL Group are Among Major Vendors 

The less-than-truckload (LTL) market share is expected to grow up to USD 59.55 billion, accelerating at a CAGR of 5.11% during the forecast period. The advances in e-commerce in the retail sector will offer immense growth opportunities to market vendors. Technavio's research report provides insights into the top market players and their product portfolios along with pipeline analysis of upcoming developments and growth opportunities. Unlock Free Sample Report

Less-than-truckload (LTL) Market 2021-2025: Allcargo Logistics Ltd., DEPPON LOGISTICS Co. Ltd., and Deutsche Post DHL Group are Among Major Vendors 

 Less-than-truckload (LTL) Market: Market Segments

The Less-than-truckload (LTL) market is segmented by carrier type (superregional carriers, long-haul carriers, and regional carriers) and Geography (APAC, Europe, North America, MEA, and South America).

Based on the market segmentation by carrier type, the less-than-truckload (LTL) market size in the superregional carriers segment has been significant during the forecast period. By geography, the increased outsourcing of logistics services will facilitate the less-than-truckload (LTL) market growth in APAC. China is the key market for less-than-truckload (LTL) in APAC. APAC led the market with 40% of the market growth during the forecast period.

The Less-than-truckload (LTL) market report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.

Less-than-truckload (LTL) Market: Top Drivers to Boost Demand

The advances in e-commerce in the retail sector are the primary factors driving the growth of the less-than-truckload (LTL) market. However, the pricing of LTL carriers is one of the challenges that will need to be overcome to drive growth. 

The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. 

Less-than-truckload (LTL) Market: Vendor Landscape

The less-than-truckload (LTL) market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Some of the major less-than-truckload (LTL) market vendors are Allcargo Logistics Ltd., DEPPON LOGISTICS Co. Ltd., Deutsche Post DHL Group, Estes Express Lines, FedEx Corp., Kuehne Nagel International AG, Nippon Express Co. Ltd., Old Dominion Freight Line Inc., United Parcel Service Inc., and XPO Logistics Inc.

The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in this intensely competitive market, players must distinguish their product and service offerings through a clear and unique value proposition. Download the Free PDF Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of 5.11%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow up to USD 59.55 billion.

     
  3. What is a key factor driving this market?
    Advances in e-commerce in the retail sector will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, MEA, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market?
    40% growth will originate from APAC.

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Allcargo Logistics Ltd., DEPPON LOGISTICS Co. Ltd., Deutsche Post DHL Group, Estes Express Lines, FedEx Corp., Kuehne Nagel International AG, Nippon Express Co. Ltd., Old Dominion Freight Line Inc., United Parcel Service Inc., and XPO Logistics Inc.
Read News Read Less
Interested in this report?
Get your sample now!
Technavio
Document