China Less-than-truckload (LTL) Market (Direct Line & Local Freight Operators and Express Freight Networks): Insights & Forecast with Potential Impact of COVID-19 (2023-2027)

February 2023 | 72 pages | ID: CA467D6B13B7EN
Koncept Analytics

Abstracts

China road transportation market is anticipated to reach US$1032.12 billion in 2027, growing at a CAGR of 6.33% during the period spanning 2023-2027. 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.

China Less-than-truckload (LTL) market is anticipated to reach US$336.13 billion in 2027, growing at a CAGR of 6.49% during the period spanning 2023-2027. 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.

China Less-than-truckload (LTL) market by component can be segmented as follows: Direct Line & Local Freight Operators and Express Freight Networks. In 2022, 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 2022, the dominant share of the market was held by Freight Partner Platform Model.

Scope of the report:

• The report provides a comprehensive analysis of the China Less-than-truckload (LTL) market.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (SF Holdings, Co.Ltd., ANE Cayman Inc., ZTO Express, Deppon Logistics, Yimidida, Yunda Express) are also presented in detail.

Key Target Audience:

• Freight Companies
• LTL Operators
• Logistic Services Providers
• End Users (Consumers)
• Investment Banks
• Government Bodies & Regulating Authorities

Contents

1. MARKET OVERVIEW

1.1 Road Transportation: An Overview
  1.1.1 Introduction
1.2 Less-than-Load (LTL): An Overview
  1.2.1 Introduction
1.3 Types of LTL Carriers
1.4 Benefits of LTL
1.5 Challenges of LTL
1.6 Categories of LTL
1.7 Express Freight Networks vs. Direct Line & Local Freight Operation
1.8 Freight Partner Platform Model vs. Direct Model

2. IMPACT OF COVID-19

2.1 Impact of COVID-19 on Less-than-Load (LTL) Market
2.2 Impact of COVID-19 on Logistics Market
2.3 Impact of COVID-19 on E-commerce
2.4 Post-COVID Scenario

3. CHINA MARKET ANALYSIS

3.1 China Road Transportation Market by Value
3.2 China Road Transportation Market Forecast by Value
3.3 China Road Transportation Market by Segment
3.4 China Less Than Truckload (LTL) Market by Value
3.5 China Less Than Truckload (LTL) Market Forecast by Value
3.6 China Less Than Truckload (LTL) Market by Component
  3.6.1 China Direct Line & Local Freight Operators Market by Value
  3.6.2 China Direct Line & Local Freight Operators Market Forecast by Value
  3.6.3 China Express Freight Networks Market by Value
  3.6.4 China Express Freight Networks Market Forecast by Value
  3.6.5 China Express Freight Networks Market by Model
  3.6.6 China Freight Partner Platform Model Market by Value
  3.6.7 China Freight Partner Platform Model Market Forecast by Value
  3.6.8 China Direct Model Market by Value
  3.6.9 China Direct Model Market Forecast by Value
3.7 China Express Freight Networks Market by Volume
3.8 China Express Freight Networks Market Forecast by Volume
3.9 China Express Freight Networks Market Volume by Model
  3.9.1 China Freight Partner Platform Model Market by Volume
  3.9.2 China Freight Partner Platform Model Market Forecast by Volume
  3.9.3 China Direct Model Market by Volume
  3.9.4 China Direct Model Market Forecast by Volume

4. MARKET DYNAMICS

4.1 Growth Drivers
  4.1.1 Rising Consumption Rate
  4.1.2 Growing Penetration of B2C Heavy-Goods E-commerce
  4.1.3 Mounting Urban Population
  4.1.4 Omni-channel and Delayering of Trade Distribution
  4.1.5 Just-in-Time Manufacturing
4.2 Key Trends & Developments
  4.2.1 Technological Developments
  4.2.2 Replacement of Regional Carriers with Express Freight Networks
  4.2.3 Evolution of Commerce Landscape and Supply Chain
  4.2.4 Increasing Sustainability in LTL Transportation
4.3 Challenges
  4.3.1 High Cost
  4.3.2 Capital and Time Intensive

5. COMPETITIVE LANDSCAPE

5.1 China Market
  5.1.1 Market Share Comparison- Key Players

6. COMPANY PROFILES

6.1 S.F. Holdings Co., Ltd.
  6.1.1 Business Overview
6.2 ANE Cayman Inc.
  6.2.1 Business Overview
6.3 ZTO Express (Cayman) Inc. (ZTO Freight)
  6.3.1 Business Overview
6.4 Deppon Logistics Co., Ltd
  6.4.1 Business Overview
6.5 Yunda Express
  6.5.1 Business Overview
6.6 Yimidida
  6.6.1 Business Overview

List Of Figures

LIST OF FIGURES

Factors of LTL shipping
Types of LTL Carriers
Benefits of LTL
Challenges of LTL
Categories of LTL
China E-commerce Penetration Rate (2015-2020)
China Road Transportation Market by Value (2018-2022)
China Road Transportation Market Forecast by Value (2023-2027)
China Road Transportation Market by Segment (2022)
China Less Than Truckload (LTL) Market by Value (2018-2022)
China Less Than Truckload (LTL) Market Forecast by Value (2023-2027)
China Less Than Truckload (LTL) Market by Component (2022)
China Direct Line & Local Freight Operators Market by Value (2018-2022)
China Direct Line & Local Freight Operators Market Forecast by Value (2023-2027)
China Express Freight Networks Market by Value (2018-2022)
China Express Freight Networks Market Forecast by Value (2023-2027)
China Express Freight Networks Market by Model (2022)
China Freight Partner Platform Model Market by Value (2018-2022)
China Freight Partner Platform Model Market Forecast by Value (2023-2027)
China Direct Model Market by Value (2018-2022)
China Direct Model Market Forecast by Value (2023-2027)
China Express Freight Networks Market by Volume (2018-2022)
China Express Freight Networks Market Forecast by Volume (2023-2027)
China Express Freight Networks Market Volume by Model (2022)
China Freight Partner Platform Model Market by Volume (2018-2022)
China Freight Partner Platform Model Market Forecast by Volume (2023-2027)
China Direct Model Market by Volume (2018-2022)
China Direct Model Market Forecast by Volume (2023-2027)
China Consumption Rate (2016-2024)
China’s Total Household Appliance Retail Sales and Online Sales Penetration Rate (2015-2022)
China Urban Population (2016-2022)
Key Players – Market Share Comparison (2022)

List Of Tables

LIST OF TABLES

Types of Road Transportation Based on Weight Per Shipment and Their Key Features
Express Freight Networks vs. Direct Line & Local Freight Operation
Freight Partner Platform Model vs. Direct Model