Less-Than-Truckload (LTL) Market to Grow by USD 110.7 Billion from 2025 to 2029, Driven by E-Commerce Advances in Retail, Report on How AI is Redefining Market Landscape - Technavio

NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Report with market evolution powered by AI - The less-than-truckload (ltl) market and it is set to grow by USD 110.7 billion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of 6.8% during the forecast period, according to Technavio. The less-than-truckload (ltl) market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.   are some of the major market participants -. To know about the vendor offerings - Request a sample report

Less-Than-Truckload (LTL) Market 2025-2029: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The less-than-truckload (ltl) market report covers the following areas:

• Less-Than-Truckload (LTL) Market Size
• Less-Than-Truckload (LTL) Market Trends
• Less-Than-Truckload (LTL) Market Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

The less-than-truckload (ltl) market is fragmented, and the degree of fragmentation will accelerate. The advances in e-commerce in retail sector will offer immense growth opportunities. However, the Rising prices of LTL carriers will hamper the market growth

Less-Than-Truckload (LTL) Market 2025-2029: Drivers & Challenges

The LTL market has experienced growth due to improving economic conditions and expansion in the manufacturing sector. Domestic consumption is rising globally, driven by the growing middle-class population. Retail sector advancements, including the expansion of organized retail spaces, have increased demand for LTL shipments. The e-commerce sector's tremendous growth, fueled by increased internet and mobile usage, has significantly boosted consumer spending. Technological innovations have led to an online retail boom, benefiting numerous retailers and altering the logistics industry's landscape.

The Less-Than-Truckload (LTL) market is currently facing several challenges that are driving up prices. Rising costs, increased demand, and the surge in e-commerce deliveries are putting pressure on LTL carriers. Additionally, there's a shortage of qualified drivers and tightening Truckload (TL) capacity, further complicating matters. LTL carriers are investing heavily in their trucks, drivers, and facilities, all while dealing with fuel price volatility. Fuel expenses are a significant cost for LTL carriers, and fluctuations in fuel prices can significantly impact their profitability. Last-mile delivery operations present another challenge for LTL carriers, requiring them to maintain profitability while ensuring transparency and improving delivery efficiency.

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Segment Overview 

This less-than-truckload (ltl) market report extensively covers market segmentation by  

• Type
• Long-haul Carriers
• Superregional Carriers
• Regional Carriers
• Capacity
• Light LTL Volume
• Heavy LTL Volume
• Geography
• APAC
• North America
• Europe
• Middle East And Africa
• South America
• End-User
• Agriculture, Fishing, And Forestry
• Construction
• Manufacturing
• Oil And Gas, Mining And Quarrying
• Wholesale And Retail Trade
• Others

1.1 Long-haul carriers-  The long-haul carriers segment is the largest revenue generator in the global Less-Than-Truckload (LTL) market. Long-haul LTL carriers, also known as national LTL carriers, transport shipments within 3 to 5 days, with an average haul length of approximately 1,200 miles. These carriers typically operate through a hub-and-spoke network and have labor unions. The long-haul LTL market is expected to grow steadily due to economic activity. Shipments are collected from one point, transported to a centralized distribution center, and then dispatched to the destination. Long-haul LTL carriers offer value-added services, such as packing, unpacking, and door-to-door freight collection. Competition comes from other transportation modes, but outsourcing freight needs to logistics providers allows businesses to offer efficient transportation. Additional services include project logistics, network planning, cargo insurance, value-chain optimization, and customs brokerage. With industrial activities increasing worldwide, the long-haul LTL carriers segment will experience significant growth during the forecast period.

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Less-Than-Truckload (LTL) Market 2025-2029: Key Highlights

• CAGR of the market during the forecast period 2025-2029
• Detailed information on factors that will assist less-than-truckload (ltl) market growth during the next five years
• Estimation of the less-than-truckload (ltl) market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the less-than-truckload (ltl) market across APAC, North America, Europe, Middle East and Africa, and South America
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of less-than-truckload (ltl) market vendors

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SOURCE Technavio