Market Analysis and Insights: Global Less than Truckload Shipping Market
Less than truckload shipping is the transportation of relatively small freight. The alternatives to LTL carriers are parcel carriers or full truckload carriers. Parcel carriers usually handle small packages and freight that can be broken down into units less than 150 pounds (68 kg).
The global Less than Truckload Shipping market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
The less-than-truckload (LTL) Shipping market will grow extensively in APAC during the next few years due to significant contribution by the countries in APAC to the global market. The limited penetration of LTL services provides growth opportunities to the players to expand their business operations and maximize their profits.
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Global Less than Truckload Shipping Scope and Market Size
Less than Truckload Shipping market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Less than Truckload Shipping market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Heavy LTL Volume
Light LTL Volume
Segment by Application
Domestic Shipping
International Shipping
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Deutsche Post
FedEx
KUEHNE + NAGEL
United Parcel Service of America
XPO Logistics