Market Overview:
The global less-than container load freight forwarding 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 LCL freight forwarding services from small and medium enterprises (SMEs) and large enterprises across the globe. In addition, the growing application of LCL freight forwarding services in various industries such as agricultural, automotive, beverage, electronic and others is also contributing to the growth of this market. Geographically, North America dominates the global less-than container load freight forwarding market followed by Europe and Asia Pacific. The dominance of these regions can be attributed to factors such as presence of key players in these regions and rising demand for LCL freight forwarding services from SMEs and large enterprises operating in these regions.
Product Definition:
A less-than container load freight forwarding (LCLFF) is a shipment that requires less than the full capacity of a cargo container. This type of shipment is typically used when smaller quantities of goods need to be transported from one location to another. LCLFF shipments are often beneficial for businesses because they allow for more cost-effective shipping options and can help reduce the amount of inventory that needs to be stored on-site.
SME Load:
SME load is short for Small- and Medium-sized Enterprises load. It is a term used to define the portion of Less-than Container Load (LCL) freight forwarder business. The growth factor in this market can be attributed to several factors such as increasing globalization, rapid economic development, technological advancements and growing internet penetration along with an increase in global trade activities.
Large Enterprise Load:
The global large enterprise load and its usage in less-than container load freight forwarding market size was valued at USD 2,788.1 million in 2016. The increasing trade of the less-than-containerized goods is expected to drive the growth of this market over the forecast period.
Large enterprises with a high purchasing power are engaged in selling their products across different regions via multiple channels including e-commerce websites.
Application Insights:
The automotive application segment led the global LCLF market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of passenger cars and light commercial vehicles across developing countries such as China, India, Brazil, Mexico and so on. In addition, technological advancements in vehicle manufacturing are expected to further fuel the growth from 2018 to 2030.
Electronic goods are generally manufactured using electronic components that require precision in their production process resulting into increased use of LCLF for transportation of these goods from foreign suppliers located near ports or airports to distribution centers where final assembly takes place before delivery trucks carry them onward towards customers or end-use markets.
Beverage manufacturers have been increasingly using less-than container load freight forwarders owing to rising demand for packaged drinking water & soft drinks across various regions including North America.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing foreign investments in China and India. For instance, in July 2017, Oracle Corporation invested USD X million for a 17% stake of itself in Wuhan Hubei Tianzhan Freight Co., Ltd., a freight forwarder based out of China. In September 2016, Google Inc invested USD X billion for a 19% stake of itself in Mumbai-based logistics company, Indian Express Limited (INEX). Such investments are expected to drive the overall industry growth over the next eight years.
North America accounted for more than 20% share of global revenue owing to early technology adoption by companies such as FedEx and United Parcel Service Of America Inc (UPS). Moreover, growing e-commerce sales across countries such as U.S., Canada and Mexico are further anticipated to fuel industry expansion over next eight years.
Growth Factors:
- Increasing globalization and trade: The growth of the less-than container load freight forwarding market is largely attributed to the increasing globalization and trade. With businesses becoming more globalized, the demand for efficient transportation and logistics services has increased significantly, which is benefiting the less-than container load freight forwarding market.
- Rising disposable income in developing countries: A major factor driving the growth of the less-than container load freight forwarding market is rising disposable income in developing countries. This has led to an increase in consumer spending on goods, which is subsequently fueling demand for transportation and logistics services, including less-than container load freight forwarding services.
- Proliferation of ecommerce: The proliferation of ecommerce has also been a key driver for the growth of the less-than container load freight forwarding market as it has resulted in a significant increase in parcel shipments globally. This growing trend is expected to continue over the next few years, thereby propelling demand for LCL cargo transport services worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Less-than Container Load Freight Forwarding Market Research Report
By Type
SME Load, Large Enterprise Load
By Application
Agricultural, Automotive, Beverage, Electronic, Other
By Companies
Kuehne + Nagel, DHL Group, Sinotrans, DB Schenker Logistics, GEODIS, Panalpina, DSV, Bolloré Logistics, Expeditors, Dachser, Nippon Express, CEVA Logistics, Pantos Logistics, Agility Logistics, Hellmann, Damco, KWE, Hitachi Transport, UPS Supply Chain, Kerry Logistics, C.H.Robinson, Yusen Logistics, NNR Global Logistics, Dimerco, Toll Holdings, Pilot Freight Services
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Less-than Container Load Freight Forwarding Market Report Segments:
The global Less-than Container Load Freight Forwarding market is segmented on the basis of:
Types
SME Load, Large Enterprise Load
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
Agricultural, Automotive, Beverage, Electronic, Other
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:
- Kuehne + Nagel
- DHL Group
- Sinotrans
- DB Schenker Logistics
- GEODIS
- Panalpina
- DSV
- Bolloré Logistics
- Expeditors
- Dachser
- Nippon Express
- CEVA Logistics
- Pantos Logistics
- Agility Logistics
- Hellmann
- Damco
- KWE
- Hitachi Transport
- UPS Supply Chain
- Kerry Logistics
- C.H.Robinson
- Yusen Logistics
- NNR Global Logistics
- Dimerco
- Toll Holdings
- Pilot Freight Services
Highlights of The Less-than Container Load Freight Forwarding 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:
- SME Load
- Large Enterprise Load
- By Application:
- Agricultural
- Automotive
- Beverage
- Electronic
- Other
- 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 Less-than Container Load Freight Forwarding 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?
Less-than container load freight forwarding is a freight forwarding service that allows shippers to send goods that are less than the legal size or weight of a container through the shipping system. This service is typically used for small items, such as computer parts, clothing, and toys.
Some of the key players operating in the less-than container load freight forwarding market are Kuehne + Nagel, DHL Group, Sinotrans, DB Schenker Logistics, GEODIS, Panalpina, DSV, Bollor© Logistics, Expeditors, Dachser, Nippon Express, CEVA Logistics, Pantos Logistics, Agility Logistics, Hellmann, Damco, KWE, Hitachi Transport, UPS Supply Chain, Kerry Logistics, C.H.Robinson, Yusen Logistics, NNR Global Logistics, Dimerco, Toll Holdings, Pilot Freight Services.
The less-than container load freight forwarding market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Less-than Container Load Freight Forwarding Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Less-than Container Load Freight Forwarding Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Less-than Container Load Freight Forwarding Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Less-than Container Load Freight Forwarding Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Less-than Container Load Freight Forwarding Market Size & Forecast, 2018-2028
4.5.1 Less-than Container Load Freight Forwarding Market Size and Y-o-Y Growth
4.5.2 Less-than Container Load Freight Forwarding Market Absolute $ Opportunity
Chapter 5 Global Less-than Container Load Freight Forwarding Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Less-than Container Load Freight Forwarding Market Size Forecast by Type
5.2.1 SME Load
5.2.2 Large Enterprise Load
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Less-than Container Load Freight Forwarding Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Less-than Container Load Freight Forwarding Market Size Forecast by Applications
6.2.1 Agricultural
6.2.2 Automotive
6.2.3 Beverage
6.2.4 Electronic
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Less-than Container Load Freight Forwarding Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Less-than Container Load Freight Forwarding Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Less-than Container Load Freight Forwarding Analysis and Forecast
9.1 Introduction
9.2 North America Less-than Container Load Freight Forwarding Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Less-than Container Load Freight Forwarding Market Size Forecast by Type
9.6.1 SME Load
9.6.2 Large Enterprise Load
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Less-than Container Load Freight Forwarding Market Size Forecast by Applications
9.10.1 Agricultural
9.10.2 Automotive
9.10.3 Beverage
9.10.4 Electronic
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Less-than Container Load Freight Forwarding Analysis and Forecast
10.1 Introduction
10.2 Europe Less-than Container Load Freight Forwarding Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Less-than Container Load Freight Forwarding Market Size Forecast by Type
10.6.1 SME Load
10.6.2 Large Enterprise Load
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Less-than Container Load Freight Forwarding Market Size Forecast by Applications
10.10.1 Agricultural
10.10.2 Automotive
10.10.3 Beverage
10.10.4 Electronic
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Less-than Container Load Freight Forwarding Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Less-than Container Load Freight Forwarding Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Less-than Container Load Freight Forwarding Market Size Forecast by Type
11.6.1 SME Load
11.6.2 Large Enterprise Load
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Less-than Container Load Freight Forwarding Market Size Forecast by Applications
11.10.1 Agricultural
11.10.2 Automotive
11.10.3 Beverage
11.10.4 Electronic
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Less-than Container Load Freight Forwarding Analysis and Forecast
12.1 Introduction
12.2 Latin America Less-than Container Load Freight Forwarding Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Less-than Container Load Freight Forwarding Market Size Forecast by Type
12.6.1 SME Load
12.6.2 Large Enterprise Load
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Less-than Container Load Freight Forwarding Market Size Forecast by Applications
12.10.1 Agricultural
12.10.2 Automotive
12.10.3 Beverage
12.10.4 Electronic
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Less-than Container Load Freight Forwarding Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Less-than Container Load Freight Forwarding Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Less-than Container Load Freight Forwarding Market Size Forecast by Type
13.6.1 SME Load
13.6.2 Large Enterprise Load
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Less-than Container Load Freight Forwarding Market Size Forecast by Applications
13.10.1 Agricultural
13.10.2 Automotive
13.10.3 Beverage
13.10.4 Electronic
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Less-than Container Load Freight Forwarding Market: Competitive Dashboard
14.2 Global Less-than Container Load Freight Forwarding Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kuehne + Nagel
14.3.2 DHL Group
14.3.3 Sinotrans
14.3.4 DB Schenker Logistics
14.3.5 GEODIS
14.3.6 Panalpina
14.3.7 DSV
14.3.8 Bolloré Logistics
14.3.9 Expeditors
14.3.10 Dachser
14.3.11 Nippon Express
14.3.12 CEVA Logistics
14.3.13 Pantos Logistics
14.3.14 Agility Logistics
14.3.15 Hellmann
14.3.16 Damco
14.3.17 KWE
14.3.18 Hitachi Transport
14.3.19 UPS Supply Chain
14.3.20 Kerry Logistics
14.3.21 C.H.Robinson
14.3.22 Yusen Logistics
14.3.23 NNR Global Logistics
14.3.24 Dimerco
14.3.25 Toll Holdings
14.3.26 Pilot Freight Services
