Market Overview:
The global FTL<L shipping services market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for FTL and LTL shipping services from various end-use industries, such as food & beverage, perishable goods, clothing, electronics, chemicals, construction materials and industrial equipment & parts. In addition, the growing e-commerce industry is also contributing significantly to the growth of the global FTL<L shipping services market. North America dominates the global FTL<L shipping services market with a share of more than 35%. This can be attributed to factors such as high disposable income levels in countries in North America and rising demand for fast delivery of goods by consumers in this region. Asia Pacific is expected to witness highest growth rate during the forecast period owing to rapid economic development in countries such as China and India and increasing purchasing power of consumers in these regions.
Product Definition:
FTL (FREIGHT FORWARDER TRANSPORTATION LEGACY) and LTL (LESS THAN TRUCKLOAD) are both shipping services that allow businesses to send their products or materials over long distances. FTL shipments require that the entire shipment fit on a single truck, while LTL shipments can be split up among multiple trucks. FTL and LTL shipping are important because they provide an affordable way for businesses to ship products over long distances.
Full Truckload (FTL):
Full truckload (FTL) is a shipping method where the full trailer or trucks are used to transport goods. It's an optimal way of freight transportation as it minimizes cost, optimizes utilization and reduces environmental impact. The FTL market has been growing significantly due to its benefits over the last few years and this growth is expected to continue over the forecast period.
Less than Truckload (LTL):
The less than truckload (LTL) and it's usage in FTLLTL shipping services market is a cost-effective way to transport small quantities of goods. It saves on the costs related to storage, handling, and insurance. The less than truckload ships only contain the minimum quantity of goods required for delivery with no return freight charges.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand for FTL services from various industries including automotive, retail, healthcare and IT. The Latin America full truckload market is expected to register a high growth rate owing to rising demand from countries such as Argentina, Bolivia, Brazil Chile Colombia Ecuador Guyana Paraguay Peru Venezuela.
The Asia Pacific region is anticipated to exhibit significant growth over the forecast period on account of growing electronics industry in China Japan South Korea Taiwan Australia New Zealand Malaysia Indonesia Philippines Thailand Vietnam India Pakistan Sri Lanka Africa). Rising population along with economic development has resulted in an increased number of trucks across these regions which has further facilitated efficient transportation solutions thereby boosting market penetration. Increasing global trade coupled with technological advancements are anticipated fuel industry expansion thus propelling regional FTL & LTL shipping services market development over the next seven years.
Regional Analysis:
Europe dominated the global FTL<L shipping services market in 2017 owing to the well-established logistics infrastructure and a large base of e-commerce industry. Moreover, increasing trade activities between Asia Pacific countries such as China and India are expected to boost regional growth over the forecast period. The region is also characterized by growing investments in automation of warehouses and distribution centers, which is further expected to drive demand for FTL & LTL shipping services over the next eight years.
Asia Pacific regional market accounted for a share of more than 25% in 2017 owing to significant growth opportunities offered by developing economies including China, India, Thailand, Vietnam among others. Increasing foreign direct investments (FDI) along with rising trade activities within APAC region are anticipated to augment demand for efficient logistics solutions thereby driving adoption rates of full truckload (FTL) & less than truckload (LTL) shipping methods across several industries verticals including automotive/transportation; consumer goods; industrial manufacturing; etc.).
Growth Factors:
- Increasing globalization and trade: The growth of global trade is driving the need for efficient transportation services, including FTL<L shipping. As economies around the world continue to grow, the demand for goods and services will increase, which will in turn require more transportation capacity.
- Technological advancements: Advances in technology are making it easier and faster to move goods from one place to another, which is benefiting the FTL<L shipping industry. For example, innovations such as blockchain technology are helping to improve supply chain transparency and efficiency.
- Urbanization: As more people move into cities, there is an increased demand for goods and services that cater to urban lifestyles – including fast-moving consumer goods (FMCG) and perishables like food items and flowers/plants. This is driving the need for speedy delivery of these products via LTL shipping methods within cities as well as between them.
Scope Of The Report
Report Attributes
Report Details
Report Title
FTL<L Shipping Services Market Research Report
By Type
Full Truckload (FTL), Less than Truckload (LTL),
By Application
Food & Beverage, Perishable Goods, Clothing, Electronics, Chemicals, Construction Materials, Industrial Equipment & Parts, Others,
By Companies
United World Logistics, UPS, FedEx, Deutsche Post, Union Pacific, DHL, Estes Express Lines, Old Dominion Freight Line, YRC, Holland Trucking, Southeastern Freight Lines, J.B. Hunt, Schneider, Swift Transportation, Werner Enterprises, Deppon, XPO Logistics, ABF Freight, SF Express, Shanghai ANE Logistics, China Postal Express & Logistics Company,
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global FTL<L Shipping Services Market Report Segments:
The global FTL<L Shipping Services market is segmented on the basis of:
Types
Full Truckload (FTL), Less than Truckload (LTL),
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverage, Perishable Goods, Clothing, Electronics, Chemicals, Construction Materials, Industrial Equipment & Parts, Others,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- United World Logistics
- UPS
- FedEx
- Deutsche Post
- Union Pacific
- DHL
- Estes Express Lines
- Old Dominion Freight Line
- YRC
- Holland Trucking
- Southeastern Freight Lines
- J.B. Hunt
- Schneider
- Swift Transportation
- Werner Enterprises
- Deppon
- XPO Logistics
- ABF Freight
- SF Express
- Shanghai ANE Logistics
- China Postal Express & Logistics Company
Highlights of The FTL<L Shipping Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Full Truckload (FTL)
- Less than Truckload (LTL)
- By Application:
- Food & Beverage
- Perishable Goods
- Clothing
- Electronics
- Chemicals
- Construction Materials
- Industrial Equipment & Parts
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the FTL<L Shipping Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
FTL<L Shipping Services is a shipping company that specializes in freight forwarding and logistics. It offers a range of shipping services, including international cargo shipping, domestic cargo shipping, and international express delivery. FTL<L also provides warehousing and distribution services for businesses of all sizes.
Some of the key players operating in the ftl<l shipping services market are United World Logistics, UPS, FedEx, Deutsche Post, Union Pacific, DHL, Estes Express Lines, Old Dominion Freight Line, YRC, Holland Trucking, Southeastern Freight Lines, J.B. Hunt, Schneider, Swift Transportation, Werner Enterprises, Deppon, XPO Logistics, ABF Freight, SF Express, Shanghai ANE Logistics, China Postal Express & Logistics Company.
The ftl<l shipping services market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. FTL<L Shipping Services Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. FTL<L Shipping Services Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. FTL<L Shipping Services Market - Supply Chain
4.5. Global FTL<L Shipping Services Market Forecast
4.5.1. FTL<L Shipping Services Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. FTL<L Shipping Services Market Size (000 Units) and Y-o-Y Growth
4.5.3. FTL<L Shipping Services Market Absolute $ Opportunity
5. Global FTL<L Shipping Services Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. FTL<L Shipping Services Market Size and Volume Forecast by Type
5.3.1. Full Truckload (FTL)
5.3.2. Less than Truckload (LTL)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global FTL<L Shipping Services Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. FTL<L Shipping Services Market Size and Volume Forecast by Application
6.3.1. Food & Beverage
6.3.2. Perishable Goods
6.3.3. Clothing
6.3.4. Electronics
6.3.5. Chemicals
6.3.6. Construction Materials
6.3.7. Industrial Equipment & Parts
6.3.8. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global FTL<L Shipping Services Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. FTL<L Shipping Services Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global FTL<L Shipping Services Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. FTL<L Shipping Services Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global FTL<L Shipping Services Demand Share Forecast, 2019-2026
9. North America FTL<L Shipping Services Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America FTL<L Shipping Services Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America FTL<L Shipping Services Market Size and Volume Forecast by Application
9.4.1. Food & Beverage
9.4.2. Perishable Goods
9.4.3. Clothing
9.4.4. Electronics
9.4.5. Chemicals
9.4.6. Construction Materials
9.4.7. Industrial Equipment & Parts
9.4.8. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America FTL<L Shipping Services Market Size and Volume Forecast by Type
9.7.1. Full Truckload (FTL)
9.7.2. Less than Truckload (LTL)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America FTL<L Shipping Services Demand Share Forecast, 2019-2026
10. Latin America FTL<L Shipping Services Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America FTL<L Shipping Services Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America FTL<L Shipping Services Market Size and Volume Forecast by Application
10.4.1. Food & Beverage
10.4.2. Perishable Goods
10.4.3. Clothing
10.4.4. Electronics
10.4.5. Chemicals
10.4.6. Construction Materials
10.4.7. Industrial Equipment & Parts
10.4.8. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America FTL<L Shipping Services Market Size and Volume Forecast by Type
10.7.1. Full Truckload (FTL)
10.7.2. Less than Truckload (LTL)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America FTL<L Shipping Services Demand Share Forecast, 2019-2026
11. Europe FTL<L Shipping Services Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe FTL<L Shipping Services Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe FTL<L Shipping Services Market Size and Volume Forecast by Application
11.4.1. Food & Beverage
11.4.2. Perishable Goods
11.4.3. Clothing
11.4.4. Electronics
11.4.5. Chemicals
11.4.6. Construction Materials
11.4.7. Industrial Equipment & Parts
11.4.8. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe FTL<L Shipping Services Market Size and Volume Forecast by Type
11.7.1. Full Truckload (FTL)
11.7.2. Less than Truckload (LTL)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe FTL<L Shipping Services Demand Share, 2019-2026
12. Asia Pacific FTL<L Shipping Services Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific FTL<L Shipping Services Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific FTL<L Shipping Services Market Size and Volume Forecast by Application
12.4.1. Food & Beverage
12.4.2. Perishable Goods
12.4.3. Clothing
12.4.4. Electronics
12.4.5. Chemicals
12.4.6. Construction Materials
12.4.7. Industrial Equipment & Parts
12.4.8. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific FTL<L Shipping Services Market Size and Volume Forecast by Type
12.7.1. Full Truckload (FTL)
12.7.2. Less than Truckload (LTL)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific FTL<L Shipping Services Demand Share, 2019-2026
13. Middle East & Africa FTL<L Shipping Services Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa FTL<L Shipping Services Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa FTL<L Shipping Services Market Size and Volume Forecast by Application
13.4.1. Food & Beverage
13.4.2. Perishable Goods
13.4.3. Clothing
13.4.4. Electronics
13.4.5. Chemicals
13.4.6. Construction Materials
13.4.7. Industrial Equipment & Parts
13.4.8. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa FTL<L Shipping Services Market Size and Volume Forecast by Type
13.7.1. Full Truckload (FTL)
13.7.2. Less than Truckload (LTL)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa FTL<L Shipping Services Demand Share, 2019-2026
14. Competition Landscape
14.1. Global FTL<L Shipping Services Market: Market Share Analysis
14.2. FTL<L Shipping Services Distributors and Customers
14.3. FTL<L Shipping Services Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. United World Logistics
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. UPS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. FedEx
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Deutsche Post
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Union Pacific
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DHL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Estes Express Lines
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Old Dominion Freight Line
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. YRC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Holland Trucking
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Southeastern Freight Lines
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. J.B. Hunt
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Schneider
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Swift Transportation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Werner Enterprises
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Deppon
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. XPO Logistics
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. ABF Freight
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. SF Express
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Shanghai ANE Logistics
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook