DUBLIN–(BUSINESS WIRE)–The “China Less-than-truckload (LTL) Market (Direct Line & Local Freight Operators and Express Freight Networks): Insights & Forecast with Potential Impact of COVID-19 (2024-2028)” report has been added to ResearchAndMarkets.com’s offering.
China road transportation market is anticipated to reach US$ 1.09 trillion in 2028, growing at a CAGR of 6.33% during the period spanning 2024-2028. China Less-than-truckload (LTL) market is anticipated to reach US$357.94 billion in 2028, growing at a CAGR of 6.49% during the period spanning 2024-2028.
An increase in import and export of products and materials is expected to boost the road freight transport market during the forecast period. China’s road transportation market can be segmented as follows: Full-truck-load (FTL), Less-than-truckload (LTL), and Express parcel.
The growth in the market has been driven by factors like rising consumption rate, rising penetration of B2C heavy-goods e-commerce, mounting urban population, omni-channel and delayering of trade distribution, and just in time manufacturing. The market is expected to face certain challenges such as high cost and capital & time intensive. To overcome these challenges, the market would witness some key trends like replacement of regional carriers with express freight networks, technological developments, evolution of commerce landscape and supply chain, and increasing sustainability in LTL transportation.
In 2023, the dominant share of the market was held by Direct Line & Local Freight Operators. Further, China’s express freight network market can be divided into two models: Freight Partner Platform Model and Direct Model. In 2023, the dominant share of the market was held by Freight Partner Platform Model.
Scope of the report
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 72 |
| Forecast Period | 2024 – 2028 |
| Estimated Market Value (USD) in 2024 | $278.35 Billion |
| Forecasted Market Value (USD) by 2028 | $357.94 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | China  |
Market Dynamics
Growth Drivers
Key Trends & Developments
Challenges
Competitive Landscape
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/yo8f55
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