Less-than-truckload (LTL) market to grow by 7.98% Y-O-Y in 2023; Increased outsourcing of logistics services will drive growth - Technavio

NEW YORK, Jan. 25, 2023 /PRNewswire/ --

Less-than-truckload (LTL) market insights -

• Vendors: 15+, Including Allcargo Logistics Ltd., ArcBest Corp, Averitt Express Inc., Challenger Motor Freight Inc., Debon Logistics Co. Ltd., Deutsche Post AG, Estes Express Lines, FedEx Corp., J.B. Hunt Transport Services Inc., JRC Dedicated Services Co., Knight Swift Transportation Holdings Inc., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Old Dominion Freight Line Inc., R L Carriers Inc., Schneider National Inc., Southeastern Freight Lines, United Parcel Service Inc., XPO Logistics Inc., Yellow Corp. among others.
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Type (long-haul carriers, superregional carriers, and regional carriers), Capacity (light LTL volume and heavy LTL volume), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

To understand more about the less-than-truckload (LTL) market, request a sample report

In 2017, the less-than-truckload (LTL) market was valued at USD 192.23 billion. From a regional perspective, APAC held the largest market share, valued at USD 85.25 billion. The less-than-truckload (LTL) market size is estimated to grow by USD 103.05 billion from 2022 to 2027 at a CAGR of 7% according to Technavio.

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Less-than-truckload (LTL) market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Less-than-truckload (LTL) market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including –

• Allcargo Logistics Ltd. - The company offers less-than-truckload services such as less-than-container load consolidation.
• ArcBest Corp - The company offers less-than-truckload services such as LTL freight shipping.
• Debon Logistics Co. Ltd. - The company offers less-than-truckload services such as precise air freight service and precise road freight service.
• Deutsche Post AG - The company offers less-than-truckload services such as DHL Freight EuroConnect and DHL Freight Eurapid.

Less-than-truckload (LTL) market – Market Dynamics

Major Drivers – 

• Advances in e-commerce in the retail sector
• Increased outsourcing of logistics services
• Tightening truckload market

KEY challenges – 

• Pricing of LTL carriers
• Shortage of truck drivers
• Implementation of ELD mandate

Drivers and challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The less-than-truckload (LTL) market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

What are the key data covered in this less-than-truckload (LTL) market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the less-than-truckload (LTL) market between 2023 and 2027
• Precise estimation of the size of the less-than-truckload (LTL) market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the less-than-truckload (LTL) market industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of less-than-truckload (LTL) market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Capacity
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global less-than-truckload (LTL) market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global less-than-truckload (LTL) market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Capacity Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Capacity Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Long-haul carriers - Market size and forecast 2022-2027
• Exhibit 34: Chart on Long-haul carriers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Long-haul carriers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Long-haul carriers - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Long-haul carriers - Year-over-year growth 2022-2027 (%)

• 6.4 Superregional carriers - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Superregional carriers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Superregional carriers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Superregional carriers - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Superregional carriers - Year-over-year growth 2022-2027 (%)

• 6.5 Regional carriers - Market size and forecast 2022-2027
• Exhibit 42: Chart on Regional carriers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Regional carriers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Regional carriers - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Regional carriers - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 46: Market opportunity by Type ($ billion)

7 Market Segmentation by Capacity

• 7.1 Market segments 
• Exhibit 47: Chart on Capacity - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Capacity - Market share 2022-2027 (%)

• 7.2 Comparison by Capacity 
• Exhibit 49: Chart on Comparison by Capacity
• Exhibit 50: Data Table on Comparison by Capacity

• 7.3 Light LTL volume - Market size and forecast 2022-2027
• Exhibit 51: Chart on Light LTL volume - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Light LTL volume - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Light LTL volume - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Light LTL volume - Year-over-year growth 2022-2027 (%)

• 7.4 Heavy LTL volume - Market size and forecast 2022-2027
• Exhibit 55: Chart on Heavy LTL volume - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Heavy LTL volume - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Heavy LTL volume - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Heavy LTL volume - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Capacity 
• Exhibit 59: Market opportunity by Capacity ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Allcargo Logistics Ltd. 
• Exhibit 112: Allcargo Logistics Ltd. - Overview
• Exhibit 113: Allcargo Logistics Ltd. - Business segments
• Exhibit 114: Allcargo Logistics Ltd. - Key offerings
• Exhibit 115: Allcargo Logistics Ltd. - Segment focus

• 12.4 ArcBest Corp 
• Exhibit 116: ArcBest Corp - Overview
• Exhibit 117: ArcBest Corp - Business segments
• Exhibit 118: ArcBest Corp - Key offerings
• Exhibit 119: ArcBest Corp - Segment focus

• 12.5 Averitt Express Inc. 
• Exhibit 120: Averitt Express Inc. - Overview
• Exhibit 121: Averitt Express Inc. - Product / Service
• Exhibit 122: Averitt Express Inc. - Key offerings

• 12.6 Debon Logistics Co. Ltd. 
• Exhibit 123: Debon Logistics Co. Ltd. - Overview
• Exhibit 124: Debon Logistics Co. Ltd. - Product / Service
• Exhibit 125: Debon Logistics Co. Ltd. - Key offerings

• 12.7 Deutsche Post AG 
• Exhibit 126: Deutsche Post AG - Overview
• Exhibit 127: Deutsche Post AG - Business segments
• Exhibit 128: Deutsche Post AG - Key news
• Exhibit 129: Deutsche Post AG - Key offerings
• Exhibit 130: Deutsche Post AG - Segment focus

• 12.8 Estes Express Lines 
• Exhibit 131: Estes Express Lines - Overview
• Exhibit 132: Estes Express Lines - Product / Service
• Exhibit 133: Estes Express Lines - Key offerings

• 12.9 FedEx Corp. 
• Exhibit 134: FedEx Corp. - Overview
• Exhibit 135: FedEx Corp. - Business segments
• Exhibit 136: FedEx Corp. - Key offerings
• Exhibit 137: FedEx Corp. - Segment focus

• 12.10 Kuehne Nagel Management AG 
• Exhibit 138: Kuehne Nagel Management AG - Overview
• Exhibit 139: Kuehne Nagel Management AG - Business segments
• Exhibit 140: Kuehne Nagel Management AG - Key offerings
• Exhibit 141: Kuehne Nagel Management AG - Segment focus

• 12.11 Nippon Express Holdings Inc. 
• Exhibit 142: Nippon Express Holdings Inc. - Overview
• Exhibit 143: Nippon Express Holdings Inc. - Business segments
• Exhibit 144: Nippon Express Holdings Inc. - Key offerings
• Exhibit 145: Nippon Express Holdings Inc. - Segment focus

• 12.12 Old Dominion Freight Line Inc. 
• Exhibit 146: Old Dominion Freight Line Inc. - Overview
• Exhibit 147: Old Dominion Freight Line Inc. - Product / Service
• Exhibit 148: Old Dominion Freight Line Inc. - Key offerings

• 12.13 R L Carriers Inc. 
• Exhibit 149: R L Carriers Inc. - Overview
• Exhibit 150: R L Carriers Inc. - Product / Service
• Exhibit 151: R L Carriers Inc. - Key offerings

• 12.14 Southeastern Freight Lines 
• Exhibit 152: Southeastern Freight Lines - Overview
• Exhibit 153: Southeastern Freight Lines - Product / Service
• Exhibit 154: Southeastern Freight Lines - Key offerings

• 12.15 United Parcel Service Inc. 
• Exhibit 155: United Parcel Service Inc. - Overview
• Exhibit 156: United Parcel Service Inc. - Business segments
• Exhibit 157: United Parcel Service Inc. - Key offerings
• Exhibit 158: United Parcel Service Inc. - Segment focus

• 12.16 XPO Logistics Inc. 
• Exhibit 159: XPO Logistics Inc. - Overview
• Exhibit 160: XPO Logistics Inc. - Business segments
• Exhibit 161: XPO Logistics Inc. - Key offerings
• Exhibit 162: XPO Logistics Inc. - Segment focus

• 12.17 Yellow Corp. 
• Exhibit 163: Yellow Corp. - Overview
• Exhibit 164: Yellow Corp. - Product / Service
• Exhibit 165: Yellow Corp. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 166: Inclusions checklist
• Exhibit 167: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 168: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 169: Research methodology
• Exhibit 170: Validation techniques employed for market sizing
• Exhibit 171: Information sources

• 13.5 List of abbreviations 
• Exhibit 172: List of abbreviations

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