FTL market to grow at a CAGR of 5.3% by 2027: Growth opportunities led by ArcBest Corp and C H Robinson Worldwide Inc. among others – Technavio

NEW YORK, Feb. 22, 2023 /PRNewswire/ — The FTL market size is forecasted to increase by USD 794.08 billion from 2022 to 2027, at a CAGR of 5.3%, according to the recent market study by Technavio. The growth of the market will be driven by the increased outsourcing of logistics services and growing automation in warehousing. The report also includes historic market data from 2017 to 2021. In 2017, the FTL market was valued at USD 794.08 billion. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the sample report

Technavio has extensively analyzed 15 major vendors, including ArcBest Corp, C H Robinson Worldwide Inc., DB Schenker, Deutsche Post AG, Estes Express Lines, FedEx Corp., GEODIS SA, J and J Logistics, J.B. Hunt Transport Services Inc., Old Dominion Freight Line Inc., R L Carriers Inc., Saia Inc., Southeastern Freight Lines, Swift Transportation Co., TRANS TECH LOGISTICS PTY Ltd., Transportation Management Solutions, United Parcel Service Inc., Werner Enterprises Inc., XPO Logistics Inc., and Yellow Corp

Key benefits for industry players & stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer landscape – Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between NEUTRAL and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

Get a holistic overview of the FTL market by industry experts to evaluate and develop growth strategies. Download the sample

The market is segmented by end-user (agriculture, fishing and forestry, manufacturing, wholesale and retail trade, and others), mobility type (domestic and international), and geography (North America, APAC, Europe, South America, and Middle East and Africa)

Segmentation by end-user (inclusion/exclusion)

• Inclusion: 
• Agriculture, fishing, and forestry:

The agriculture, fishing, and forestry segment was valued at USD 833.63 billion in 2017 and continued to grow by 2021. FTL is ideal for large-volume orders such as agriculture, fishing, and other services, as well as for high-risk or time-sensitive orders that need prompt delivery. Businesses with smaller or fragile orders, such as agriculture, fishing, and other services, prefer FTL shipping to reduce the risk of damage. The growth of the agriculture, fishing, and other industries will increase the demand for FTL. These factors are expected to fuel the growth of the market during the forecast period.

To get detailed insights about inclusions and exclusions, buy the report

Related Reports:

Third-party Logistics Market in India by End-user, and Service – Forecast and Analysis 2023-2027 – size is estimated to grow at a CAGR of 8.62% between 2022 and 2027. The size of the market is forecast to increase by USD 13,978.33 million. This report extensively covers market segmentation by service (transportation, warehousing and distribution, and VAS), and end-user (manufacturing, consumer goods, food and beverage, automotive, and others).

Third-Party Logistics Market in Europe by End-user and Service – Forecast and Analysis 2023-2027 – size is estimated to grow at a CAGR of 24.7% between 2022 and 2027. The size of the market is forecasted to increase by USD 458.87 million. This report extensively covers market segmentation by end-user (manufacturing, retail, consumer goods, healthcare, and others) and service (transportation, warehousing and distribution, and others).

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What are the key data covered in this FTL market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the FTL market between 2023 and 2027
• Precise estimation of the size of the FTL market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the FTL market industry across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of FTL market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Mobility Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global FTL market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global FTL market 2017 – 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 ($ billion)

• 4.3 Mobility type Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Mobility type Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Agriculture and fishing and forestry – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Agriculture and fishing and forestry – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Agriculture and fishing and forestry – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Agriculture and fishing and forestry – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Agriculture and fishing and forestry – Year-over-year growth 2022-2027 (%)

• 6.4 Manufacturing – Market size and forecast 2022-2027
• Exhibit 38: Chart on Manufacturing – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Manufacturing – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Manufacturing – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Manufacturing – Year-over-year growth 2022-2027 (%)

• 6.5 Wholesale and retail trade – Market size and forecast 2022-2027 
• Exhibit 42: Chart on Wholesale and retail trade – Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Wholesale and retail trade – Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Wholesale and retail trade – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Wholesale and retail trade – Year-over-year growth 2022-2027 (%)

• 6.6 Others – Market size and forecast 2022-2027
• Exhibit 46: Chart on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by End-user 
• Exhibit 50: Market opportunity by End-user ($ billion)

7 Market Segmentation by Mobility Type

• 7.1 Market segments 
• Exhibit 51: Chart on Mobility Type – Market share 2022-2027 (%)
• Exhibit 52: Data Table on Mobility Type – Market share 2022-2027 (%)

• 7.2 Comparison by Mobility Type 
• Exhibit 53: Chart on Comparison by Mobility Type
• Exhibit 54: Data Table on Comparison by Mobility Type

• 7.3 Domestic – Market size and forecast 2022-2027
• Exhibit 55: Chart on Domestic – Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Domestic – Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Domestic – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Domestic – Year-over-year growth 2022-2027 (%)

• 7.4 International – Market size and forecast 2022-2027
• Exhibit 59: Chart on International – Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on International – Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on International – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on International – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Mobility Type 
• Exhibit 63: Market opportunity by Mobility Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 APAC – Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 81: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 89: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 93: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 UK – Market size and forecast 2022-2027
• Exhibit 97: Chart on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.11 Germany – Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.12 India – Market size and forecast 2022-2027 
• Exhibit 105: Chart on India – Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on India – Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on India – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on India – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 ArcBest Corp 
• Exhibit 116: ArcBest Corp – Overview
• Exhibit 117: ArcBest Corp – Business segments
• Exhibit 118: ArcBest Corp – Key offerings
• Exhibit 119: ArcBest Corp – Segment focus

• 12.4 DB Schenker 
• Exhibit 120: DB Schenker – Overview
• Exhibit 121: DB Schenker – Business segments
• Exhibit 122: DB Schenker – Key offerings
• Exhibit 123: DB Schenker – Segment focus

• 12.5 Estes Express Lines 
• Exhibit 124: Estes Express Lines – Overview
• Exhibit 125: Estes Express Lines – Product / Service
• Exhibit 126: Estes Express Lines – Key offerings

• 12.6 FedEx Corp. 
• Exhibit 127: FedEx Corp. – Overview
• Exhibit 128: FedEx Corp. – Business segments
• Exhibit 129: FedEx Corp. – Key offerings
• Exhibit 130: FedEx Corp. – Segment focus

• 12.7 J.B. Hunt Transport Services Inc. 
• Exhibit 131: J.B. Hunt Transport Services Inc. – Overview
• Exhibit 132: J.B. Hunt Transport Services Inc. – Business segments
• Exhibit 133: J.B. Hunt Transport Services Inc. – Key offerings
• Exhibit 134: J.B. Hunt Transport Services Inc. – Segment focus

• 12.8 Old Dominion Freight Line Inc. 
• Exhibit 135: Old Dominion Freight Line Inc. – Overview
• Exhibit 136: Old Dominion Freight Line Inc. – Product / Service
• Exhibit 137: Old Dominion Freight Line Inc. – Key offerings

• 12.9 R L Carriers Inc. 
• Exhibit 138: R L Carriers Inc. – Overview
• Exhibit 139: R L Carriers Inc. – Product / Service
• Exhibit 140: R L Carriers Inc. – Key offerings

• 12.10 Saia Inc. 
• Exhibit 141: Saia Inc. – Overview
• Exhibit 142: Saia Inc. – Product / Service
• Exhibit 143: Saia Inc. – Key offerings

• 12.11 Southeastern Freight Lines 
• Exhibit 144: Southeastern Freight Lines – Overview
• Exhibit 145: Southeastern Freight Lines – Product / Service
• Exhibit 146: Southeastern Freight Lines – Key offerings

• 12.12 Swift Transportation Co. 
• Exhibit 147: Swift Transportation Co. – Overview
• Exhibit 148: Swift Transportation Co. – Product / Service
• Exhibit 149: Swift Transportation Co. – Key offerings

• 12.13 TRANS TECH LOGISTICS PTY Ltd. 
• Exhibit 150: TRANS TECH LOGISTICS PTY Ltd. – Overview
• Exhibit 151: TRANS TECH LOGISTICS PTY Ltd. – Product / Service
• Exhibit 152: TRANS TECH LOGISTICS PTY Ltd. – Key offerings

• 12.14 United Parcel Service Inc. 
• Exhibit 153: United Parcel Service Inc. – Overview
• Exhibit 154: United Parcel Service Inc. – Business segments
• Exhibit 155: United Parcel Service Inc. – Key offerings
• Exhibit 156: United Parcel Service Inc. – Segment focus

• 12.15 Werner Enterprises Inc. 
• Exhibit 157: Werner Enterprises Inc. – Overview
• Exhibit 158: Werner Enterprises Inc. – Business segments
• Exhibit 159: Werner Enterprises Inc. – Key offerings
• Exhibit 160: Werner Enterprises Inc. – Segment focus

• 12.16 XPO Logistics Inc. 
• Exhibit 161: XPO Logistics Inc. – Overview
• Exhibit 162: XPO Logistics Inc. – Business segments
• Exhibit 163: XPO Logistics Inc. – Key offerings
• Exhibit 164: XPO Logistics Inc. – Segment focus

• 12.17 Yellow Corp 
• Exhibit 165: Yellow Corp – Overview
• Exhibit 166: Yellow Corp – Product / Service
• Exhibit 167: Yellow Corp – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 168: Inclusions checklist
• Exhibit 169: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 170: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 171: Research methodology
• Exhibit 172: Validation techniques employed for market sizing
• Exhibit 173: Information sources

• 13.5 List of abbreviations 
• Exhibit 174: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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