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Base Year: 2024
Companies covered: 20
Tables & Figures: 230
Countries covered: 21
Pages: 190
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Less Than-Truck-Load (LTL) Market
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Less Than-Truck-Load Market Size
The global less than-truck-load market size was valued at USD 227 billion in 2024 and is projected to grow at a CAGR of 5.3% between 2025 and 2034, driven by increasing demand for efficient freight transportation among small and medium-sized enterprises and the rising adoption of e-commerce. LTL services offer cost-effective solutions by consolidating smaller shipments, optimizing delivery times, and supporting sustainability through reduced fuel consumption.
The rapid expansion of e-commerce significantly drives growth in the less than-truck-load market by increasing the volume of small, frequent shipments to various destinations. Online retailers rely on LTL services to deliver products quickly and cost-effectively without needing full truck loads. As consumers demand faster delivery times and more flexible shipping options, LTL carriers play a vital role in bridging the gap between distribution centers and end customers, enhancing supply chain efficiency and responsiveness.
For instance, in March 2023, CEVA Logistics introduced a rapid less-than-truckload (LTL) service connecting China and Europe, aiming to serve customers with insufficient volumes for full truckload shipments. The service operates two to three times weekly, including a Saturday schedule that accommodates lithium battery shipments.
Moreover, urbanization has positively influenced the growth of the Less-than-Truckload (LTL) market. As urban areas expand, the need for efficient intra-city and regional freight delivery continues to rise. LTL services are well-suited for navigating dense city environments where full truckload options are often impractical or cost inefficient.
Additionally, the surge in e-commerce and online shopping has driven demand for smaller, more frequent shipments, precisely the type of logistics LTL excels at. Major retailers and e-commerce giants like Amazon.com, Inc. and Walmart Inc. increasingly rely on LTL solutions to streamline last-mile delivery and meet growing consumer expectations for fast and flexible shipping.
Less Than-Truck-Load Market Trends
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Less Than-Truck-Load Market Analysis
Based on service, the less than-truck-load market is divided into standard LTL, expedited LTL, guaranteed LTL, cross-border LTL, and intermodal LTL. In 2024, the standard LTL segment dominated the market, accounting for around 31% share and is expected to grow at a CAGR of over 6.4% till 2034.
Based on capacity, the less than-truck-load market is segmented into light LTL volume, and heavy LTL volume. In 2024, the heavy LTL volume segment dominates the market with 77% of revenue share and is expected to grow at a CAGR of over 6.3% from 2025 to 2034.
Based on mode of operation, the less than-truck-load market is segmented into asset-based carriers, non-asset-based carriers, and hybrid carriers. In 2024, the asset-based carriers equipment category expected to dominate due to direct control over transportation assets like trucks, terminals, and drivers. This allows greater reliability, service consistency, and operational efficiency, which are crucial for timely deliveries, especially amid rising e-commerce demand and increasing customer expectations.
Based on end-use, the less than-truck-load market is segmented into automotive, consumer goods & retail, healthcare & pharmaceuticals, industrial & manufacturing, food & beverage, and others. In 2024, the consumer goods & retail category is expected to dominate due to rapid e-commerce growth, rising online shopping trends, and increased demand for frequent, smaller shipments.
In 2024, North America dominates the less than-truck-load market with a share of around 54% and U.S. leads the market in the region generating revenue of USD 114 billion in 2024.
The less than-truck-load market in Germany is expected to experience significant and promising growth from 2025 to 2034.
The less than-truck-load market in the China is expected to experience significant and promising growth from 2025 to 2034.
Less than-truck-load Market Share
Less Than-Truck-Load Market Companies
Major players operating in the less than-truck-load industry are:
Less Than-Truck-Load Industry News
The less than-truck-load market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and shipment (Units) from 2021 to 2034, for the following segments:
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Market, By Service
Market, By Capacity
Market, By Mode of Operation
Market, By End Use
The above information is provided for the following regions and countries: