China Less than-Truck-Load (LTL) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The China Less than-Truck-Load (LTL) Market is segmented by End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others) and by Destination (Domestic, International). Market Value (USD) and Market Volume (ton-km) are both presented. Key Data Points observed include Freight Transport Volume (ton-km) by Destination and End User; Production Trends (Manufacturing, E-Commerce etc. in USD); Import and Export trends (in USD); and Freight Pricing Trends (USD per ton-km).

INSTANT ACCESS

China Less than-Truck-Load (LTL) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

China Less than-Truck-Load (LTL) Market Size

China Less than-Truck-Load (LTL) Market Summary
Study Period 2017 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 99.56 Billion
Market Size (2030) USD 137.9 Billion
CAGR (2025 - 2030) 6.74 %
Market Concentration Low

Major Players

China Less than-Truck-Load (LTL) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of China Less than-Truck-Load (LTL) Market with other markets in Logistics Industry

Freight Transport

Freight Transportation Arrangement

Courier Express Parcel

Integrated Logistics

Cold Chain Logistics

Customers of Logistics Services

China Less than-Truck-Load (LTL) Market Analysis

The China Less than-Truck-Load (LTL) Market size is estimated at 99.56 billion USD in 2025, and is expected to reach 137.9 billion USD by 2030, growing at a CAGR of 6.74% during the forecast period (2025-2030).

China's logistics infrastructure is undergoing significant transformation, driven by massive investments and modernization initiatives. In Q1 2023, the country launched over 12,571 infrastructure projects with a combined investment reaching USD 1.03 trillion, demonstrating its commitment to enhancing transportation services networks. The government has allocated substantial funding for specific sectors, with USD 61.79 billion designated for electric power grid construction and USD 139.76 billion for power supply infrastructure projects in 2023. These investments are strategically positioned to support the growing adoption of electric vehicles and strengthen the nation's logistics backbone. The development of smart infrastructure and digital integration is reshaping the traditional logistics landscape, with major initiatives focused on improving connectivity and operational efficiency.


The Belt and Road Initiative (BRI) continues to play a pivotal role in shaping China's logistics sector, expanding its reach across Asia and Europe. As of 2023, the cumulative BRI engagement has reached USD 1.016 trillion, comprising USD 596 billion in construction contracts and USD 420 billion in non-financial investments. The initiative has fostered international cooperation, with 149 countries signing memorandums of understanding by 2022. This extensive network has facilitated the development of new trade routes and regional logistics corridors, enhancing cross-border freight transportation capabilities and creating opportunities for logistics services providers.


China's automotive sector has emerged as a significant driver of logistics demand, particularly in the export segment. In 2023, the country's auto exports witnessed a remarkable 57.9% year-over-year increase, reaching a record high of 4.91 million vehicles. This surge in automotive exports has necessitated the development of specialized cargo transportation solutions and enhanced ground transportation networks. The logistics industry is adapting to handle this increased volume through technological integration and operational optimization, ensuring efficient vehicle distribution across domestic and international markets.


The energy and pharmaceutical sectors are experiencing substantial growth, creating new opportunities for specialized logistics services. China aims to increase its annual natural gas production to more than 230 bcm by 2025 while maintaining crude oil production at 200 million tons annually. The pharmaceutical industry is projected to grow at a CAGR of 12.2% by 2025, driven by the government's "Made in China 2025" industrial plan. These developments are prompting logistics providers to invest in specialized transportation services solutions, including temperature-controlled facilities and enhanced security measures. The industry is witnessing increased adoption of digital technologies and automation to meet the stringent requirements of these high-value sectors.

Segment Analysis: End User Industry

Manufacturing Segment in China LTL Road Freight Transport Market

The manufacturing segment dominates China's Less-than-Truckload (LTL) road freight transport market, commanding approximately 40% market share in 2024. This significant market position is primarily driven by China's status as the world's leading manufacturing hub, achieving this distinction for the 14th consecutive year in 2023. The segment's strength is particularly evident in high-tech manufacturing and equipment manufacturing sectors, which have shown robust performance. The automotive sector has been a key contributor, with China's auto exports surging 57.9% year-over-year to reach 4.91 million vehicles in 2023. Additionally, the government's strategic ambitions to become a manufacturing powerhouse by 2025 have further solidified this segment's position, with initiatives focusing on increasing innovation and vitality across the manufacturing sector.

Market Analysis of China Less than-Truck-Load (LTL) Market: Chart for End User Industry

Wholesale and Retail Trade Segment in China LTL Road Freight Transport Market

The wholesale and retail trade segment is experiencing the fastest growth in China's LTL market, projected to grow at approximately 9% between 2024 and 2029. This remarkable growth is primarily fueled by the booming e-commerce sector, which is expected to register a CAGR of 12.16% during 2023-2027. The segment's expansion is supported by the increasing penetration of e-commerce users in China, which reached 76.8% in 2023 and is anticipated to hit 93.4% by 2027. Major e-commerce platforms like Alibaba's Taobao and Tmall (with 50.8% market share), JD.com (15.9%), and Pinduoduo (13.2%) continue to drive growth through their extensive market presence and innovative business models.

Remaining Segments in End User Industry

The other segments in China's LTL market include construction, agriculture, fishing and forestry, oil and gas, mining and quarrying, and various other industries. The construction segment maintains a significant presence due to ongoing infrastructure development projects and investments in fixed asset projects. The agriculture, fishing, and forestry segment benefits from the country's position as the world's largest agricultural producer, while the oil and gas, mining and quarrying segment serves specialized transportation needs for equipment and materials. These segments collectively contribute to the market's diversity and stability, each serving unique industry-specific requirements and benefiting from China's comprehensive economic development initiatives.

Segment Analysis: Destination

Domestic Segment in China LTL Road Freight Transport Market

The domestic segment dominates China's Less-than-Truckload (LTL) road freight transport market, commanding approximately 79% of the total market value in 2024. This substantial market share is primarily driven by the robust growth of B2B e-commerce activities within China, with the e-commerce user penetration reaching nearly 77% in 2023 and expected to hit 93% by 2027. The segment's strength is further reinforced by rapid urbanization trends, increasing participation of small and medium e-commerce merchants, and the adoption of just-in-time manufacturing practices across the country. The penetration rate of express delivery companies in the LTL market has been steadily increasing, reaching 3.15% in 2023, largely due to growing e-commerce demand. Major players like JD.com have strengthened their position in this segment through strategic acquisitions, such as the purchase of Debon, one of the largest LTL players with about 140 warehouses across China and a total area of 1.01 million square meters.

International Segment in China LTL Road Freight Transport Market

The international segment of China's LTL market is projected to demonstrate robust growth, with an estimated growth rate of approximately 7% during 2024-2029. This growth trajectory is primarily fueled by China's expanding cross-border e-commerce sector, particularly evident in strengthening trade relationships with various countries. A notable development has been the launch of the first cross-border road freight line between Henan and Moscow in 2023, capitalizing on the growing trade volumes between China and Russia. The segment's expansion is further supported by strategic initiatives such as CEVA Logistics' extension of rapid LTL services in Southeast Asia, connecting China to Malaysia, Thailand, and Singapore with optimized routing and delivery times of within seven days. The Chinese government's ambitious plans, particularly in regions like Chongqing, where authorities aim to establish ten cross-border e-commerce pilot zones and increase cross-border e-commerce volume to over CNY 70 billion by 2025, are expected to further accelerate this segment's growth.

China Less than-Truck-Load (LTL) Industry Overview

Top Companies in China's Less-than-Truckload (LTL) Market

The leading companies in China's LTL market have been actively pursuing various strategic initiatives to strengthen their market positions. Companies are increasingly focusing on product innovations, particularly in developing specialized logistics services for e-commerce, cold chain, and pharmaceutical sectors. Operational agility has been demonstrated through the implementation of digital tracking systems, temperature-controlled vehicles, and real-time monitoring capabilities. Strategic partnerships, especially between express delivery companies and traditional logistics providers, have become a common trend to enhance service offerings and expand market reach. Companies are also investing heavily in expanding their infrastructure, including the establishment of new distribution centers, warehouses, and transportation networks, while simultaneously developing cross-border capabilities to capture growing international trade opportunities.

Market Dominated by Local Express Giants

The Chinese LTL market structure is characterized by a mix of established express delivery companies and traditional logistics providers, with domestic players holding dominant positions. The market demonstrates a moderate level of fragmentation, though consolidation is increasingly evident as larger players acquire smaller regional operators to expand their network coverage and service capabilities. The express delivery companies have been particularly successful in penetrating the LTL market, leveraging their existing infrastructure and technological capabilities to capture growing e-commerce demand.


The market has witnessed significant merger and acquisition activities, particularly involving e-commerce giants acquiring third-party logistics capabilities to strengthen their supply chain operations. Traditional logistics companies are forming strategic alliances with technology providers to enhance their digital capabilities and compete more effectively with tech-savvy express delivery companies. The market is seeing increased participation from international logistics providers, though their presence remains limited compared to domestic players who better understand local market dynamics and customer preferences.

Innovation and Network Expansion Drive Success

For incumbent players to maintain and increase their market share, developing comprehensive end-to-end solutions that cater to specific industry verticals has become crucial. Success factors include investing in advanced technology platforms, expanding warehouse networks, and developing specialized handling capabilities for different cargo types. Companies need to focus on building strong relationships with small and medium-sized enterprises while simultaneously catering to large e-commerce platforms. The ability to offer value-added services, maintain cost efficiency, and ensure consistent service quality across networks will be critical for market leadership.


For contenders looking to gain ground, the focus should be on identifying and serving underserved markets or specialized industry segments. This includes developing niche expertise in areas such as cold chain logistics or hazardous materials transportation. Building strategic partnerships with e-commerce platforms and investing in digital capabilities will be essential for new entrants to compete effectively. The regulatory environment, particularly regarding cross-border trade and environmental standards, will increasingly influence market dynamics, while the risk of substitution remains low due to the specialized nature of volume LTL services and the growing demand from e-commerce and manufacturing sectors.

China Less than-Truck-Load (LTL) Market Leaders

  1. CMA CGM Group (including CEVA Logistics)

  2. Deppon Logistics Co., Ltd.

  3. SF Express (KEX-SF)

  4. Shanghai Aneng Juchuang Supply Chain Management Co., Ltd.

  5. STO Express Co., Ltd. (Shentong Express)

  6. *Disclaimer: Major Players sorted in no particular order
China Less than-Truck-Load (LTL) Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

China Less than-Truck-Load (LTL) Market News

  • October 2024: SF Express signed a Memorandum of Understanding (MOU) with the Thai-Jiangsu Industrial & Trade Association. This partnership was set to enhance logistics solutions for businesses and promote cross-border trade. The partnership would harness SF's global logistics network to strengthen economic ties and trade between Thailand and China. As per the MOU, the Thai-Jiangsu Association linked businesses in need of international shipping with SF Express. SF provided a suite of services, from express delivery and freight forwarding to comprehensive supply chain management. Additionally, both organizations planned to set up logistics service points throughout Thailand.
  • September 2024: DHL Global Forwarding introduced a suite of cross-border e-commerce solutions in China. These offerings enabled shipping from China to destinations worldwide by using an integrated tracking platform, ensuring end-to-end visibility. With these solutions, DHL Global Forwarding in China connected clients to a network of over 10,000 certified e-commerce specialists worldwide. These experts brought local market insights and offered IT integration options, including APIs, web portals, and access to significant marketplaces and e-commerce platforms. The solutions were tailored to meet the diverse needs, from large e-commerce platforms to local sellers and direct-to-consumer (DTC) businesses.
  • August 2024: CEVA Logistics and Bolloré Logistics started to operate under one unified brand, CEVA Logistics, to offer air, ocean, ground, and rail transport, contract logistics, finished vehicle logistics, project logistics, and customs solutions. Already underway, CEVA is expected to complete the rebranding process by the end of 2024. CEVA Logistics gained significant scale and industry experience, particularly in air and ocean freight management, due to the addition of Bolloré Logistics. In addition, CEVA combined its Air and Ocean operations in order to capitalize on best practices and technology investments, notably in finalizing its implementation of CargoWise.

Free With This Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 60+ free charts, the section covers difficult to find data on various regions pertaining to e-commerce industry trends, economic contribution of the transportation & storage sector, export and import trends among other key indicators.

China Less than-Truck-Load (LTL) Market
China Less than-Truck-Load (LTL) Market
China Less than-Truck-Load (LTL) Market
China Less than-Truck-Load (LTL) Market
China Less than-Truck-Load (LTL) Market
China Less than-Truck-Load (LTL) Market
China Less than-Truck-Load (LTL) Market
China Less than-Truck-Load (LTL) Market

China Less than-Truck-Load (LTL) Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 GDP Distribution By Economic Activity
  • 4.2 GDP Growth By Economic Activity
  • 4.3 Economic Performance And Profile
    • 4.3.1 Trends in E-Commerce Industry
    • 4.3.2 Trends in Manufacturing Industry
  • 4.4 Transport And Storage Sector GDP
  • 4.5 Logistics Performance
  • 4.6 Length Of Roads
  • 4.7 Export Trends
  • 4.8 Import Trends
  • 4.9 Fuel Pricing Trends
  • 4.10 Trucking Operational Costs
  • 4.11 Trucking Fleet Size By Type
  • 4.12 Major Truck Suppliers
  • 4.13 Road Freight Tonnage Trends
  • 4.14 Road Freight Pricing Trends
  • 4.15 Modal Share
  • 4.16 Inflation
  • 4.17 Regulatory Framework
  • 4.18 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)

  • 5.1 End User Industry
    • 5.1.1 Agriculture, Fishing, and Forestry
    • 5.1.2 Construction
    • 5.1.3 Manufacturing
    • 5.1.4 Oil and Gas, Mining and Quarrying
    • 5.1.5 Wholesale and Retail Trade
    • 5.1.6 Others
  • 5.2 Destination
    • 5.2.1 Domestic
    • 5.2.2 International

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Changjiu Logistics
    • 6.4.2 CMA CGM Group (including CEVA Logistics)
    • 6.4.3 Deppon Logistics Co., Ltd.
    • 6.4.4 DHL Group
    • 6.4.5 SF Express (KEX-SF)
    • 6.4.6 Shanghai Aneng Juchuang Supply Chain Management Co., Ltd.
    • 6.4.7 Shanghai YTO Express (Logistics) Co., Ltd.
    • 6.4.8 STO Express Co., Ltd. (Shentong Express)
    • 6.4.9 Yimi Dida Supply Chain Group Co., Ltd.
    • 6.4.10 Yunda Holding Co. Ltd.
    • 6.4.11 ZTO Express
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR ROAD FREIGHT CEOS

8. APPENDIX

  • 8.1 Global Logistics Market Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (Market Drivers, Restraints & Opportunities)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
  • 8.7 Currency Exchange Rate
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

List of Tables & Figures

  1. Figure 1:  
  2. DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, CHINA, 2022
  1. Figure 2:  
  2. GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, CHINA, 2017 – 2022
  1. Figure 3:  
  2. GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, CHINA, 2017 - 2027
  1. Figure 4:  
  2. SECTORAL SHARE IN E-COMMERCE INDUSTRY GROSS MERCHANDISE VALUE (GMV), SHARE %, CHINA, 2022
  1. Figure 5:  
  2. GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY (IN CURRENT PRICES), USD, CHINA, 2017 - 2022
  1. Figure 6:  
  2. SECTORAL SHARE IN GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY, SHARE %, CHINA, 2022
  1. Figure 7:  
  2. VALUE OF TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), USD, CHINA, 2017 – 2022
  1. Figure 8:  
  2. TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), SHARE % OF GDP, CHINA, 2017-2022
  1. Figure 9:  
  2. RANK OF LOGISTICS PERFORMANCE, RANK, CHINA, 2010 - 2023
  1. Figure 10:  
  2. SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, CHINA, 2022
  1. Figure 11:  
  2. SHARE OF ROAD LENGTH BY SURFACE CLASSIFICATION, %, CHINA, 2022
  1. Figure 12:  
  2. VALUE OF EXPORTS, USD, CHINA, 2017 - 2022
  1. Figure 13:  
  2. VALUE OF IMPORTS, USD, CHINA, 2017 - 2022
  1. Figure 14:  
  2. FUEL PRICE BY TYPE OF FUEL, USD/LITER, CHINA, 2017 - 2022
  1. Figure 15:  
  2. OPERATIONAL COSTS OF TRUCKING - BREAKDOWN BY OPERATING COST ELEMENT, %, CHINA, 2022
  1. Figure 16:  
  2. TRUCKING FLEET SIZE BY TYPE, SHARE %, CHINA, 2022
  1. Figure 17:  
  2. MARKET SHARE OF MAJOR TRUCK SUPPLIER BRANDS, SHARE %, CHINA, 2022
  1. Figure 18:  
  2. FREIGHT HANDLED BY ROAD TRANSPORT, TONS, CHINA, 2017 - 2030
  1. Figure 19:  
  2. PRICE TREND OF ROAD FREIGHT TRANSPORT SERVICE, USD/TON-KM, CHINA, 2017 - 2022
  1. Figure 20:  
  2. MODAL SHARE OF FREIGHT TRANSPORTATION SECTOR, SHARE % BY TON-KM, CHINA, 2022
  1. Figure 21:  
  2. MODAL SHARE OF FREIGHT TRANSPORT SECTOR, SHARE % BY TONS, CHINA, 2022
  1. Figure 22:  
  2. WHOLESALE PRICE INFLATION RATE, %, CHINA, 2017 - 2022
  1. Figure 23:  
  2. CONSUMER PRICE INFLATION RATE, %, CHINA, 2017 - 2022
  1. Figure 24:  
  2. VOLUME OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, TON-KM, CHINA, 2017 - 2030
  1. Figure 25:  
  2. VALUE OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, CHINA, 2017 - 2030
  1. Figure 26:  
  2. VOLUME OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, TON-KM, CHINA, 2017 - 2030
  1. Figure 27:  
  2. VALUE OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, USD, CHINA, 2017 - 2030
  1. Figure 28:  
  2. VALUE SHARE OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, CHINA, 2017 - 2030
  1. Figure 29:  
  2. VOLUME OF AFF INDUSTRY (AGRICULTURE, FISHING, AND FORESTRY) LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, TON-KM, CHINA, 2017 - 2030
  1. Figure 30:  
  2. VALUE OF AFF INDUSTRY (AGRICULTURE, FISHING, AND FORESTRY) LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, CHINA, 2017 - 2030
  1. Figure 31:  
  2. VOLUME OF CONSTRUCTION INDUSTRY LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, TON-KM, CHINA, 2017 - 2030
  1. Figure 32:  
  2. VALUE OF CONSTRUCTION INDUSTRY LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, CHINA, 2017 - 2030
  1. Figure 33:  
  2. VOLUME OF MANUFACTURING INDUSTRY LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, TON-KM, CHINA, 2017 - 2030
  1. Figure 34:  
  2. VALUE OF MANUFACTURING INDUSTRY LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, CHINA, 2017 - 2030
  1. Figure 35:  
  2. VOLUME OF EXTRACTION INDUSTRY (OIL AND GAS, MINING AND QUARRYING) LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, TON-KM, CHINA, 2017 - 2030
  1. Figure 36:  
  2. VALUE OF EXTRACTION INDUSTRY (OIL AND GAS, MINING AND QUARRYING) LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, CHINA, 2017 - 2030
  1. Figure 37:  
  2. VOLUME OF DISTRIBUTIVE TRADE INDUSTRY (WHOLESALE AND RETAIL TRADE) LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, TON-KM, CHINA, 2017 - 2030
  1. Figure 38:  
  2. VALUE OF DISTRIBUTIVE TRADE INDUSTRY (WHOLESALE AND RETAIL TRADE) LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, CHINA, 2017 - 2030
  1. Figure 39:  
  2. VOLUME OF OTHER END USER INDUSTRIES LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, TON-KM, CHINA, 2017 - 2030
  1. Figure 40:  
  2. VALUE OF OTHER END USER INDUSTRIES LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, CHINA, 2017 - 2030
  1. Figure 41:  
  2. VOLUME OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, TON-KM, CHINA, 2017 - 2030
  1. Figure 42:  
  2. VALUE OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, USD, CHINA, 2017 - 2030
  1. Figure 43:  
  2. VALUE SHARE OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, CHINA, 2017 - 2030
  1. Figure 44:  
  2. VOLUME OF DOMESTIC LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, TON-KM, CHINA, 2017 - 2030
  1. Figure 45:  
  2. VALUE OF DOMESTIC LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, CHINA, 2017 - 2030
  1. Figure 46:  
  2. VOLUME OF INTERNATIONAL LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, TON-KM, CHINA, 2017 - 2030
  1. Figure 47:  
  2. VALUE OF INTERNATIONAL LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, CHINA, 2017 - 2030
  1. Figure 48:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, CHINA, 2017 - 2023
  1. Figure 49:  
  2. MOST ADOPTED STRATEGIES, COUNT, CHINA, 2017 - 2023
  1. Figure 50:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, CHINA

China Less than-Truck-Load (LTL) Industry Segmentation

Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Domestic, International are covered as segments by Destination.
End User Industry Agriculture, Fishing, and Forestry
Construction
Manufacturing
Oil and Gas, Mining and Quarrying
Wholesale and Retail Trade
Others
Destination Domestic
International
Need A Different Region or Segment?
Customize Now

Market Definition

  • Agriculture, Fishing, and Forestry (AFF) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF industry players on road freight transport service. The end user players considered are the establishments primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish & other animals from their natural habitats and providing related support activities. Herein, across the value chain, Logistics Service Providers (LSPs) play a crucial role in acquisition, storage, handling, transportation, and distribution activities for the optimal & continuous flow of inputs (seeds, pesticides, fertilizers, equipment, and water) from manufacturers or suppliers to the producers and smooth flow of output (produce, agro-goods) to distributors/ consumers. This includes both termperature controlled and non-temperature controlled logistics, as and when required according to the shelf life of goods being transported or stored.
  • Construction - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the construction industry players, on road freight transport service. The end user players considered are the establishments primarily engaged in constructing, repairing and renovating residential & commercial buildings, infrastructure, engineering works, subdividing and developing land. Logistics Service Providers (LSPs) play a crucial role in increasing profitability of construction projects by maintaing the inventory of raw materials & equipment, time-critical supplies and by providing other value added services for effective project management.
  • Containerized Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Full-Truck-Load (FTL) services. FTL road freight transport is characterized as a full single load not combined with other shipments. It comprises of shipments (i) devoted to the goods of a single shipper (ii) taken directly from a point of origin to one or more destination points (iii) comprising of bulk mail truck transportation (iv) comprising of both Container (Full Container Load, FCL)/Non-Container trucking services (v)comprsing of goods requiring temperature controlled or non-temperature controlled transportation services (vi) comprising of bulk liquid tankering (vii) invoving trucking of waste (viii) hazardous material trucking. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
  • Export Trends and Import Trends - Overall logistics performance of an economy is positively and significantly (statistically) correlated to its trade performance (exports and imports). Hence, in this industry trend, total value of trade, major commodities/ commodity groups and the major trade partners, for the studied geography (country or region as per the scope of report) have been analysed alongside the impact of major trade/logistics infrastructure investments & regulatory environment.
  • Fluid Goods - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users for the transport of bulk liquids, that are often used in extraction, manufacturing, food processing, agriculture industries among others. It includes transportation of liquids like (i) Chemicals/ hazardous goods (for instance acids) (ii) Water (potable as well as waste) (iii) Oil and gas (upstream as well as downstream like gasoline, fuel, crude oil, or propane), (iv) Food grade bulk liquids (like milk, or juice), (v) Rubber, (vi) Agrichemical products, among others. These goods are generally transported through tanker trucking.
  • Fuel Price - Fuel price spikes can cause delays and diruption for logistics service providers (LSPs), while drops in the same can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been studied over the review period and presented along with the causes as well as market impacts.
  • Full-Truck-Load (FTL) Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Full-Truck-Load (FTL) services. FTL road freight transport is characterized as a full single load not combined with other shipments. It comprises of shipments (i) devoted to the goods of a single shipper (ii) taken directly from a point of origin to one or more destination points (iii) comprising of bulk mail truck transportation (iv) comprising of both Container (Full Container Load, FCL)/Non-Container trucking services (v)comprsing of goods requiring temperature controlled or non-temperature controlled transportation services (vi) comprising of bulk liquid tankering (vii) invoving trucking of waste (viii) hazardous material trucking. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
  • GDP Distribution by Economic Activity - Nominal Gross Domestic Product and distribution of the same, across major economic sectors in the geography studied (country or region as per scope of the report) have been studied and presented in this industry trend. As GDP is positively related to the profitability and growth of logistics industry, this data has been used in adjunction to the input-output tables/ supply-use tables for analyzing the potential major contributing sectors towards the logistics demand.
  • GDP Growth by Economic Activity - Growth of Nominal Gross Domestic Product across major economic sectors, for the geography studied (country or region as per scope of the report) have been presented in this industry trend. This data has been utilized for assessing the growth of logistics demand from all the market end users (economic sectors considered here).
  • Inflation - Variations in both Wholesale Price Inflation (YoY change in producer price index) and Consumer Price Inflation have been presented in this industry trend. This data has been used to assess the inflationary environment as it plays a vital role in smooth functioning of the supply chain, directly impacting the logistics operational cost components e.g., pricing of tyres, driver wages & benefits, energy/fuel prices, maintenace costs, toll charges, warehousing rents, custom brokerage, forwarding rates, courier rates etc. hence impacting the overall freight and logistics market.
  • Key Industry Trends - The report section named "Key Industry Trends" include all the key variables/parameters studied to better analyze the market size estimates and forecasts. All the trends have been presented in the form of data points (time series or latest available data points) along with analysis of the paramter in the form of concise market relevant commentary, for the geography studied (country or region as per the scope of report).
  • Key Strategic Moves - The action taken by a company to differentiate from its competitor or used as a general strategy is referred to as a key strategic move (KSM). This includes (1) Agreements (2) Expansions (3) Financial Restructuring (4) Mergers and Acquisitions (5) Partnerships, and (6) Product Innovations. Key players (Logistics Service Providers, LSPs) in the market have been shortlisted, their KSM have been studied and presented in this section.
  • Less than-Truck-Load (LTL) Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Less than-Truck-Load (LTL) services. LTL road freight transport is characterized as multiple shipments combined onto a single truck for multiple deliveries within a network. It comprises of establishments (i) primarily engaged in general and specialized freight trucking of less than complete truck-loads, (ii) characterized by the use of terminals to consolidate shipments, generally from several shippers, into a single truck for haulage between a load assembly terminal and a disassembly terminal, where the load is sorted and shipments are re-routed for delivery (iv) Less than-Container-Load (LCL) shipping/ Groupage Shipping in case of trucking services. The activities in scope include (i) local pick-up, (ii) line-haul, and (iii) local delivery. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
  • Logistics Performance - Logistics Performance and Logistics Costs are the backbone of trade, and influences trade costs, making countries compete globally. Logistics performance is influenced by market wide adopted supply chain management strategies, government services, investments & policies, fuel/ energy costs, inflationary environment etc. Hence, in this industry trend, the logistics performance of the geography studied (country/ region as per the scope of report) has been analysed and presented over the review period.
  • Major Truck Suppliers - Market share of truck brands is influenced by factors like geographical preferences, portfolio of truck types, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological innovations (like electric vehicles, digitalization, autonomous trucks), fuel efficiency, financing options, annual maintenance costs, availability of substitutes, marketing startegies etc. Hence, the distribution (share % for base year of the study) of truck sales volume for leading truck brands and commentary on current market scenario & market anticipation over the forecast period have been presented in this industry trend.
  • Manufacturing - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Manufacturing industry players, on road freight transport service. The end user players considered are the establishments primarily engaged in the chemical, mechanical or physical transformation of materials or substances into new products. Logistics Service Providers (LSPs) play a crucial role in maintaining a smooth flow of raw materials across the supply chain, enabling timely delivery of finished goods to distributors or end customers and storing & supplying the raw materials to clients for just-in-time manufacturing.
  • Modal Share - Freight Modal Share is influenced by factors like modal productivity, government regulations, containerization, distance of shipment, temperature control requirements, type of goods, international trade, terrain, speed of delivery, shipment weight, bulk shipments, etc. Also, modal share by tonnage (tons) and modal share by freight turnover (ton-km) differ as per average distance of shipments, weight of major commodity groups transported in the economy and number of trips. This industry trend represents the distribution of freight transported by mode of transport (tons as well as ton-km), for the study base year.
  • Oil and Gas, Mining and Quarrying - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the extraction industry players, on road freight transport service. The end user players considered are the establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Logistics Service Providers (LSPs) covers entire phases from upstream to downstream and plays a crucial role in the transportation of machinery, drilling equipments, extracted minerals, crude oil & natural gas and refined/ processed products from one place to another.
  • Other End Users - Other end user segment captures the external (outsourced) logistics expenditure incurred by the financial services (BFSI), real estate, educational services, healthcare, and professional services (administrative, waste management, legal, architectural, engineering, design, consulting, scientific R&D), on road freight transport service. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies and documents to/from these industries such as transporting any equipment or resources required, shipping confidential documents and files, movement of medical goods & supplies (surgical supplies and instruments, including gloves, masks, syringes, equipment) to name a few.
  • Producer Price Inflation - It indicates inflation from viewpoint of the producers viz. the average selling price received for their output over a period of time. Annual change (YoY) of producer price index is reported as wholesale price inflation in the "Inflation" industry trend. As WPI captures dynamic price movements in most comprehensive way, it is widely used by governments, banks, industry, business circles and is deemed important in formulation of trade, fiscal and other economic policies. The data has been used in adjunction to consumer price inflation for better understanding the inflationary environment.
  • Road Freight Pricing Trends - Freight pricing by mode of transport (USD/tonkm), over the review period, has been presented in this industry trend. The data has been used in assessing the inflationary environment, impact on trade, freight turnover (tonkm), road freight transport market demand and hence the road freight transport market size.
  • Road Freight Tonnage Trends - Freight tonnage (weight of goods in tons) handled by mode of transport, over the review period, has been presented in this industry trend. The data has been used as one of the parameters apart from average distance per shipment (km), freight volume (tonkm), and freight pricing (USD/tonkm) to assess the freight transport market size.
  • Road Freight Transport - Hiring a road freight transport logistics service provider (LSP) or haulier (outsourced logistics), for the transport of commodities constitutes road freight transport market. The scope of study includes (i) road transport of goods reported by hauliers registered in the reporting countries (ii) transport of raw materials or manufactured goods (solids as well as fluids) (iii) transport using commerical motor vehicles (rigid trucks or tractor-trailers, (iv) Full-Truck-Load (FTL) or Less than-Truck-Load (LTL) transport (v) containerized or non-containerized transport (vi) temperature controlled or non-temperature controlled trasnport, (vii) short haul or long haul (Over-the-road, OTR) transport, (viii) used office or household goods transport (movers and packers), (ix) other specialized cargo transport (dangerous goods, oversized cargo) and (x) outsourced first mile/ middle mile/last mile delivery shipments undertaken by road freight transport players. The scope does not include (i) transport undertaken by hauliers registered in other countries (ii) last mile meal delivery market (iii) grocery delivery market (iv) transportation via road network undertaken/ reported by Courier, Express, and Parcel (CEP) players.
  • Road Length - As infrastructure plays a vital role in an economy's logistics performance, variables like length of roads, distribution of road length by surface category (paved v/s unpaved), distribution of road length by road classification (expressways v/s highways v/s other roads), have been analysed and presented in this industry trend.
  • Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the road freight transport market specific revenue earned by the company, over the base year of study, in the geography studied (country or region as per the scope of report). It is computed through the study and analysis of major parameters like financials, service portfolio, employee strength, fleet size, investments, number of countries present in, major economies of concern, etc. that have been reported by the company in its annual reports, webpage. For companies having scarce financial disclosures, paid databases like D&B Hoovers, Dow Jones Factiva have been resorted to and verified through industry/expert interactions.
  • Short Haul Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on local trucking (less than 100 miles). It includes the road transport of goods (i) within a single administrative area and its hinterland, (ii) by smaller trucks and pickup trucks (iii) via containerized as well as dry bulk services (iv) intermodal from ports, container terminals or airports, and (v) outsourced first mile/ last mile delivery shipments undertaken by road freight transport players.
  • Transport and Storage Sector GDP - Value and growth of Transport and Storage Sector GDP has a direct relation to the freight and logistics market size, and hence road freight transport market size. Therefore, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP, in this industry trend. The data has been supported by concise and relevant commentary around the investments, developments, and current market scenario.
  • Trends in E-Commerce Industry - Enhanced internet connectivity and boom in smartphone penetration, coupled with increasing disposable incomes, has led to a phenomenal growth in the e-commerce market globally. Online shoppers require fast and efficient delivery of their orders leading to an increase in the demand for logistics services especially e-commerce fulfilment services. Hence, the Gross Merchandise Value (GMV), historial and projected growth, breakup of major commodity groups in e-commerce industry for the studied geography (country or region as per scope of the report) have been analysed and presented in this industry trend.
  • Trends in Manufacturing Industry - Manufacturing industry involves the transformation of raw materials into finished products, while logistics industry ensures the efficient flow of raw materials to the factory, and the transport of manufactured products to the distributors & consumers. Demand-Supply of both industries are highly cross-linked and critical for a seamless supply chain. Hence, the Gross Value Added (GVA), breakup of GVA into major manufacturing sectors, and growth of manufacturing industry over the review period have been analysed and presented, in this industry trend.
  • Trucking Fleet Size By Type - Market share of truck types is influenced by factors like geographical preferences, major end user industries, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological disruptions (like electric vehicles, digitalization, autonomous trucks) etc. Hence, the distribution (share % for base year of study) of truck parc volume by type of truck, market disruptors, truck manufacturing investments, truck specifications, truck use & import regulations, and market anticipation over the forecast period have been presented in this industry trend.
  • Trucking Operational Costs - The prime reasons for measuring/ benchmarking logistics performance of any trucking company are to reduce operational costs and increase profitability. On the other hand, measuring operational costs helps to identify whether and where to make operational changes to control expenses and identify areas for improved performance. Hence, in this industry trend, trucking operational costs and the variables involved viz. driver wages & benefits, fuel prices, repairs & maintenance costs, tyre costs etc. have been studied over the base year of study, and presented for the geography studied (country or region as per the scope of report).
  • Wholesale and Retail Trade - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers, on road freight transport service. The end user players considered are the establishments primarily engaged in wholesaling or retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies to and finished products from production houses to the distributors and finally to the end customer covering activites like material sourcing, transportation, order fulfillment, warehousing & storage, demand forecasting, inventory management etc.
Keyword Definition
Cabotage Road transport by a motor vehicle registered in a country performed on the national territory of another country.
Cross Docking Cross docking is a logistics procedure where products from a supplier or manufacturing plant are distributed directly to a customer or retail chain with marginal to no handling or storage time. Cross docking takes place in a distribution docking terminal; usually consisting of trucks and dock doors on two (inbound and outbound) sides with minimal storage space. The name ‘cross docking’ explains the process of receiving products through an inbound dock and then transferring them across the dock to the outbound transportation dock.
Cross Trade International road transport between two different countries performed by a road motor vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and than the country of unloading/disembarkation.
Dangerous Goods The classes of dangerous goods carried by Road are those defined by the fifteenth revised edition of the UN Recommendations on the Transport of Dangerous Goods, United Nations, Geneva 2007. They include Class 1: Explosives; Class 2: Gases; Class 3: Flammable Liquids; Class 4: Flammable solids- substances liable to spontaneous combustion; substances which, on contact with water, emit flammable gases; Class 5: Oxidizing substances and organic peroxides; Class 6: Toxic and infectious substances; Class 7: Radioactive material and Class 8: Corrosive substances, Class 9: Miscellaneous dangerous substances and articles.
Direct Shipment Direct shipment is a method of delivering goods from the supplier or the product owner to the customer directly. In most cases, the customer orders the goods from the product owner. This delivery scheme reduces transportation and storage costs, but requires additional planning and administration.
Drayage A drayage is a form of trucking service that connects the different modes of shipping (intermodal), such as ocean freight or air freight. It’s a short-haul trip that transports goods from one place to another, usually before or after its long-haul shipping process. Drayage trucks move cargo to and from various destinations, such as container ships, storage lots, order fulfillment warehouses, and rail yards. Typically, drayage only transports goods in short distances and operates only in one metropolitan area. It also requires only one trucker in a single shift. But despite this, but it plays an important role in long-haul shipping because it gets the goods to the cargo and vice versa. It makes intermodal transport much more efficient and enables the seamless transfer of goods to the end customer.
Dry van A dry van is a type of semi-trailer that's fully enclosed to protect shipments from outside elements. Designed to carry palletized, boxed or loose freight, dry vans aren't temperature-controlled (unlike refrigerated “reefer” units) and can't carry oversized shipments (unlike flatbed trailers).
Final Demand Final demand includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports.
Flatbed Truck A flatbed truck is a type of truck with rigid design. It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods such as machinery, building supplies or equipment. Due to the truck open body, the goods transported with it must not be vulnerable to rain. By functionality, the flatbed truck is comparable to a flatbed trailer.
Inbound Logistics Inbound logistics is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation.
Intermediate Demand Intermediate demand includes goods, services, and maintenance and repair construction sold to businesses, excluding capital investment.
International Loaded Place of loading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of unloading in a different country.
International Unloaded Place of unloading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of loading in a different country.
OOG cargo Out of Gauge (OOG) cargo is any cargo that can not be loaded into six-sided shipping containers simply because it is too large. The term is a very loose classification of all cargo with dimensions beyond the maximum 40HC container dimensions. That is a length beyond 12.05 meters – a width beyond 2.33 meters – or a height beyond 2.59 meters.
Pallets Raised platform, intended to facilitate the lifting and stacking of goods.
Part load A part load describes goods which only fills a truck partially. In essence, the quantity of the shipment is bigger than the Less Than Truckload (LTL) shipment. Also, the shipment cannot fully occupy a truck i.e. its capacity is much lower than a Full Truckload (FTL) shipment.
Paved Road Road surfaced with crushed stone (macadam) with hydrocarbon binder or bituminized agents, with concrete or with cobblestone.
Reverse Logistics Reverse logistics comprises of the sector of supply chains that process anything returning inwards through the supply chain or traveling ‘backward’ through the supply chain.
Road Freight Transport Service Hiring a trucking agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) form the origin to a destination within the country (domestic) or cross-border (international) constitutes road freight transport market. The service might be Full-Truck-Load or Less than-Truck-Load, containerized or non-containerized, temperature controlled or non temperature controlled, short haul or long haul.
Tautliner vehicle Tautliner and curtainsider are used as generic names for curtain sided trucks/trailers. The curtains are permanently fixed to a runner at the top and detachable rails/poles at front and rear, allowing the curtains to be drawn open and forklifts used all along the sides for easy and efficient loading and unloading. When closed for travel, vertical load restraint straps are attached to a rope rail beneath the truck bed, connecting the truck bed and curtain along both sides. Winches at either end of the curtain tension it, hence the 'Tautliner' name. This stops the curtain from flapping or drumming in the wind and can also help retain light loads from slipping sideways.
Transport for hire or reward The carriage for remuneration of goods.
Unpaved Road Road with a stabilized base not surfaced with crushed stone, hydrocarbon binder or bituminized agents, concrete or cobblestone.
Need More Details on Market Definition?
Ask a Question

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is considered to be a part of the pricing, and the average selling price (ASP) is varying throughout the forecast period for each country
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
research-methodology
Get More Details On Research Methodology
Download PDF
WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
03. Exhaustive Data
Tracking a million data points on the extended-preview-new-e industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the extended-preview-new-e industry.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.

China Less than-Truck-Load (LTL) Market Research FAQs

How big is the China Less than-Truck-Load (LTL) Market?

The China Less than-Truck-Load (LTL) Market size is expected to reach USD 99.56 billion in 2025 and grow at a CAGR of 6.74% to reach USD 137.95 billion by 2030.

What is the current China Less than-Truck-Load (LTL) Market size?

In 2025, the China Less than-Truck-Load (LTL) Market size is expected to reach USD 99.56 billion.

Who are the key players in China Less than-Truck-Load (LTL) Market?

CMA CGM Group (including CEVA Logistics), Deppon Logistics Co., Ltd., SF Express (KEX-SF), Shanghai Aneng Juchuang Supply Chain Management Co., Ltd. and STO Express Co., Ltd. (Shentong Express) are the major companies operating in the China Less than-Truck-Load (LTL) Market.

Which segment has the biggest share in the China Less than-Truck-Load (LTL) Market?

In the China Less than-Truck-Load (LTL) Market, the Manufacturing segment accounts for the largest share by end user industry.

Which is the fastest growing segment in the China Less than-Truck-Load (LTL) Market?

In 2025, the Wholesale and Retail Trade segment accounts for the fastest growing by end user industry in the China Less than-Truck-Load (LTL) Market.

What years does this China Less than-Truck-Load (LTL) Market cover, and what was the market size in 2025?

In 2025, the China Less than-Truck-Load (LTL) Market size was estimated at 99.56 billion. The report covers the China Less than-Truck-Load (LTL) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the China Less than-Truck-Load (LTL) Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

China Less than-Truck-Load (LTL) Market Research

Mordor Intelligence provides a comprehensive analysis of the China less than truckload market. We leverage our extensive expertise in freight transportation and logistics services to deliver this research. Our study thoroughly examines the LTL sector, including freight forwarding, third party logistics, and cargo transportation dynamics. The report offers detailed insights into commercial transportation trends, ground transportation infrastructure, and regional logistics developments. It is available in an easy-to-read report PDF format for download.

Stakeholders across the industrial shipping sector benefit from our in-depth analysis of partial truckload and shared truckload segments, as well as volume LTL operations. The report covers crucial aspects of freight shipping and freight brokerage. It examines how consolidated freight solutions impact the industry. Our analysis includes small shipment trends, road freight developments, and regional freight patterns. This provides valuable insights for businesses involved in partial load shipping and transportation services across China's diverse market landscape.