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Global FTL<L Shipping Services
Market Report
2025
According to Cognitive Market Research, the global FTL
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global FTL and LTL Shipping Services market was estimated at USD 14.9 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 4.30% from 2023 to 2030.
2021 | 2025 | 2033 | CAGR | |
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Global FTL<L Shipping Services Market Sales Revenue | 121212 | 121212 | 121212 | 4.3% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Service Type |
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Market Split by Application |
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Market Split by Truck Type |
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Market Split by Shippers Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of FTL<L Shipping Services industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
FTL<L Shipping Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The FTL and LTL Shipping Services market is crucial to supply chains and logistics. These services are essential for the flow of goods across various industries because they guarantee prompt and effective delivery while minimizing transportation expenses. Carriers, brokers, shippers, and technology companies are just some companies that make up the FTL and LTL Shipping Services market.
These advancements enable companies to provide more customized solutions and services, which drives the FTL and LTL Shipping Services market expansion.
For instance, to test autonomous linehaul technologies, Fedex worked with Paccar, Aurora, and Pac. In May 2022, Aurora and FedEx expanded their autonomous freight experiment in Texas due to their previous cooperation.
The volume of shipments has significantly increased due to the growth of online shopping. To get goods from distribution centers to customers' doorsteps, e-commerce companies need reliable and efficient transportation options. Increased shipping services are required due to increased demand for shipments. E-commerce businesses are pressured to offer smaller delivery windows as customers demand quicker and more convenient deliveries. To satisfy online customers' demand for prompt deliveries, businesses can use FTL and LTL shipping services to optimize routes and reduce transit times.
In 2019, the trucking sector made $791.7 billion in revenue while transporting 11.84 billion tons of freight. For a total of $772 billion in products, trucks transported 67.7% of surface freight between the United States and Canada and 83.1% of cross-border trade with Mexico.
(Source:www.trucking.org/news-insights/trucking-moved-1184-billion-tons-freight-2019)
Due to e-commerce, different shipping quantities and delivery specifications are frequently encountered. While LTL services handle smaller shipments, FTL services are used for bigger numbers. This adaptability guarantees that firms can effectively handle their shipping requirements, whether sending out individual products.
Growing Demand for Supply Chain Optimisation to Drive Market Growth
The FTL and LTL Shipping Services are growing significantly due to the need for supply chain optimization. Businesses across various industries have prioritized supply chain optimization to improve logistical performance, streamline operations, and cut costs. FTL and LTL Shipping Services are essential to achieving these goals, which boosts the market.
In 2020, the trucking sector transported 10.23 billion tons of freight and earned $732.3 billion. Trucks transported $695 billion worth of merchandise, or 70.9% of the value of surface trade between Canada and the United States and 83.8% of cross-border trade with Mexico.
(Source:www.trucking.org/news-insights/annual-trucking-trends-report-shows-impact-pandemic-industry)
Utilizing resources more effectively includes using cargo space and transportation equipment better. By combining several smaller shipments into one truckload with the help of FTL shipping services, businesses can make the most of their available space and minimize the number of trucks that are either unloaded or just partially loaded
The market for FTL and LTL Shipping Services is significantly constrained by the variable cost of gasoline. The operational costs and profitability of transport and logistics companies can be significantly impacted by fuel prices, limiting their capacity to offer competitive rates and sustain effective operations. Rising fuel prices may increase shipping costs for companies that depend on FTL and LTL Services.
The COVID-19 pandemic significantly affected the FTL and LTL Shipping Services market, disrupting demand patterns and changing them across the logistics and transportation sectors. Due to plant closures, lockdowns, and movement restrictions brought on by COVID-19, supply chains were severely disrupted. Both FTL and LTL shipments were impacted by these delays, which led to decreased productivity and uneven demand for transportation services. Due to the rise in internet shopping and the number of individuals working from home, there was a higher demand for residential deliveries, increasing reliance on last-mile delivery services for LTL shipments.
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The FTL and LTL Shipping Services market is highly competitive, with international and local competitors present. Major market players concentrate on tactics including mergers and acquisitions, partnerships, and introducing new products to improve their market position and grow their consumer base. These businesses spend money on R&D to stay ahead of the curve and provide FTL and LTL Shipping Services.
January 2022: A leading provider of freight transportation services, XPO Logistics, Inc., announced the launch of two less-than-truckload (LTL) terminals to boost customer service capacity in its North American network. Additionally, the business increased its capacity for production at its trailer manufacturing factory and will operate four more fleet maintenance shops this quarter.
December 2020: To assist clients that lack the volume to allow full truckload shipments (FTL), CEVA Logistics has introduced a novel, quick LTL service between China and Europe. This new service offers dramatically shortened lead times from China to Europe and will help emerging small to medium-sized businesses (SMEs), big local businesses (LLAs), and multinational firms.
Top Companies Market Share in FTL<L Shipping Services Industry: (In no particular order of Rank)
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According to Cognitive Market Research, FTL and LTL Shipping Services have the biggest market share in North America for several reasons supporting the region's growing and well-established logistics and transportation sector. Some of the largest economies on the planet are located in North America, particularly the US. The need for transportation services, especially FTL and LTL shipments, is consistently driven by a strong economy with significant manufacturing, trade, and consuming activities. Large transportation networks are needed to make carrying commodities throughout North America, including the US, Canada, and Mexico, easier.
The US market is huge and ever-changing. Consumers now expect rapid and dependable deliveries due to the growth of e-commerce. FTL and LTL Shipping Services allow companies to fulfill these demands, which helps market growth. A large economy and various businesses in the US lead to significant shipping demand. Various robust economic activities, including industry, retail, and online business, drive the demand for effective and prompt transport services.
The FTL and LTL Shipping Services market is anticipated to increase in Asia-Pacific during the next years significantly. The economies of China, India, and Southeast Asian nations are among the fastest-growing in the world. Demand for effective transport services rises due to rapid economic development's impact on industrial production, trade, and consumption. Urbanization and population expansion in Asia-Pacific increase commodity demand, particularly in metropolitan centers. As a result, there is a growth in product mobility, needing trustworthy FTL and LTL Shipping Services.
The current report Scope analyzes FTL<L Shipping Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global FTL<L Shipping Services Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing FTL<L Shipping Services Industry growth. FTL<L Shipping Services market has been segmented with the help of its Service Type, Application Truck Type, and others. FTL<L Shipping Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the less-than-truckload (LTL) services segment is expected to lead the market. LTL services manage deliveries that take up some of a truck's space. As a result, it is an affordable option for smaller shipments because it allows numerous shippers to split the expense of transportation. LTL carriers combine shipments from numerous clients at their terminals or distribution centers. This procedure involves consolidating several smaller shipments into a single truckload for effective shipping. The supplies are separated at the destination before being delivered to the intended recipients.
The full truck load (FTL) services category is expected to be the fastest-growing market segment. FTL services provide a dedicated truckload for a single shipper's products. In addition to maximizing space utilization, this reduces the possibility of damage and promotes safety during transit.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of FTL<L Shipping Services Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the FTL and LTL Shipping Services market is expected to be dominated by the industrial & manufacturing segment. The transportation of raw materials from suppliers to production facilities is a function of FTL and LTL Services for industries involved in manufacturing. Metals, polymers, chemicals, and other materials can all be used in these products.
The food & beverages category is expected to be the fastest-growing market segment. FTL and LTL Services transport perishable items, including fresh fruit, dairy products, meats, and seafood, to preserve their quality and guarantee that they reach consumers in the best possible condition.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to Cognitive Market Research, the dry van truck segment will dominate the FTL and LTL Shipping Services market. Dry van trucks are versatile and can transport various items, including textiles, consumer goods, electronics, and packaged goods. Dry van trailers' enclosed construction shields cargo from inclement weather, including rain, snow, and sunlight, ensuring that items reach their destination in good condition. Dry van trucks are covered and lockable, improving transportation security by preventing theft and unauthorized access to the cargo.
The flatbed truck/heavy loads category is expected to be the fastest-growing market segment. Flatbed trucks are the best option for transporting large, heavy items like machinery, construction equipment, industrial components, and building components that are larger or heavier than normal trailers.
According to Cognitive Market Research, the multiple shipper category will lead the market. Multiple shippers combine smaller truckloads of goods from numerous clients into one big shipment. The number of partially filled vehicles on the road is decreased, and truck space utilization is increased through this consolidation procedure. Carriers can provide more affordable shipping costs by pooling cargo from many providers. According to the size and distance of each shipment, each shipper contributes a share of the overall transportation expense.
The single shipper category is expected to be the fastest-growing market segment. Single shippers provide a single shipper or customer-specialized truckload transportation services. The goods from that shipper will be the only thing on that truckload. In the case of single shippers, the shipper has exclusive access to all of the truck's space.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global FTL<L Shipping Services Market is witnessing significant growth in the near future.
In 2023, the Less-than-Truckload (LTL) Services segment accounted for noticeable share of global FTL<L Shipping Services Market and is projected to experience significant growth in the near future.
The Industrial & Manufacturing segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies YRC Freight , Old Dominion and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Service Type | Less-than-Truckload (LTL) Services, Full Truck Load (FTL) Services |
Application | Industrial & Manufacturing, Energy & Mining, Food & Beverages, Oil & Gas, Pharmaceuticals & Healthcare, Others |
Truck Type | Dry Van Truck (Non-perishable Food & Beverages : Clothing Items : Plastic & Building Products), Flatbed Truck/Heavy Loads, Refrigerated Truck (Chilled Fruits & Vegetables : Seafood) |
Shippers Type | Multiple Shipper, Single Shipper |
List of Competitors | YRC Freight, XPO Logistics, Old Dominion, UPS Freight, Estes Express Lines, ABF Freight, R+L Carriers, Saia Motor Freight Line, Southeastern Freight Lines, Holland Regional, J.B. Hunt, Schneider, Swift Transportation, Werner Enterprises |
This chapter will help you gain GLOBAL Market Analysis of FTL<L Shipping Services. Further deep in this chapter, you will be able to review Global FTL<L Shipping Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of FTL<L Shipping Services. Further deep in this chapter, you will be able to review North America FTL<L Shipping Services Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of FTL<L Shipping Services. Further deep in this chapter, you will be able to review Europe FTL<L Shipping Services Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of FTL<L Shipping Services. Further deep in this chapter, you will be able to review Asia Pacific FTL<L Shipping Services Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of FTL<L Shipping Services. Further deep in this chapter, you will be able to review South America FTL<L Shipping Services Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of FTL<L Shipping Services. Further deep in this chapter, you will be able to review Middle East FTL<L Shipping Services Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of FTL<L Shipping Services. Further deep in this chapter, you will be able to review Middle East FTL<L Shipping Services Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of FTL<L Shipping Services. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Service Type Analysis 2019 -2031, will provide market size split by Service Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Service Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Truck Type Analysis 2021 - 2033
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Chapter 13 Market Split by Shippers Type Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global FTL<L Shipping Services market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Less-than-Truckload (LTL) Services have a significant impact on FTL<L Shipping Services market? |
What are the key factors affecting the Less-than-Truckload (LTL) Services and Full Truck Load (FTL) Services of FTL<L Shipping Services Market? |
What is the CAGR/Growth Rate of Industrial & Manufacturing during the forecast period? |
By type, which segment accounted for largest share of the global FTL<L Shipping Services Market? |
Which region is expected to dominate the global FTL<L Shipping Services Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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