Global FTL Road Freight Transport Market Size Likely to Surpass at a CAGR of 3.7% By 2034

FTL Road Freight Transport Market Size

As per the FTL Road Freight Transport Market size analysis conducted by the CMI Team, the global full truckload (FTL) road freight transport market is expected to record a CAGR of 3.7% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 1.5 Trillion. By 2034, the valuation is anticipated to reach USD 2 Trillion.

FTL Road Freight Transport Market Overview

As per the industry experts at CMI, Growing e-commerce volumes, industrial production, and a need for quicker, cheap supply chain alternatives have fueled a robust movement within the full truckload (FTL) road freight transport marketplace sector. Existing leaders such as DHL, DB Schenker, DSV, and Klimowicz are reinventing FTL services through demonstrative telematics utilized in transportation and fleet tracking, new and improved route optimization software, and AI-based logistics and transportation planning.

Governments in North America, Europe, and parts of the Asia-Pacific region continue to invest in smart infrastructure plans and trade corridor upgrades, which has allowed for more fluid interstate and border crossing freight movement. Governments in emerging economies are offering incentives to encourage fleet modernization and low-emission vehicles within the logistics industry.

FTL Road Freight Transport Market Growth Factors and Dynamics

• Rapid expansion of e-commerce raises demand for consistent freight transport: The rapid growth of e-commerce has altered consumer buying habits, creating an urgent need for a more reliable and trustworthy full truckload (FTL) freight transport system. As more consumers shop online, retailers require the ability to shift bulk quantities of goods moved from warehouses to distribution centres to stores. The rapid influx of orders drives the need for faster shipments at a greater quantity and capacity to satisfy consumers’ immediate expectations for delivery. Freight transport that typically provides shippers with exclusive access to a truckload for high volume and time sensitive services such as FTL is gaining status in freight transportation and growth expectations for e-commerce buyers. The exclusive access to a truckload of freight supports the real-time movement of goods, minimizes transit time, mitigates the handling damage risk, and supports just in time inventory management systems from a retailer or manufacturer modality. Because e-commerce is driving procurement demand and growth, the increase in e-commerce buyers will also increase demand for full truckload road freight transport services, and logistics providers will increase fleet sizes, capability, and services to accommodate the needs of a growing e-commerce society.

• Increase worldwide construction and manufacturing activity: Global industrialization and manufacturing activities are generating significantly increased demand for FTL road freight transport services. Required deliveries of raw material to the factories, production of larger quantities of components as well as finished goods, and the efficiency of moving that production throughout the distribution channels demonstrate that supply chain efficiency, fluidity and communication, along with transportation of domestic and imported products, are increased on key supply chains throughout the global marketplace. Full truckload shipment of heavy or bulky weight and volume items continues as key mode of transportation in industrialized pockets of Asia-Pacific, parts of Latin America and fragmented areas of Africa, removed or remote from the traditional manufactured goods marketplaces of North America and the EEC. Since road freight transport boosts the growth of the FTL freight market and encourages investments in better trucks and transportation systems, the growing demands in industrial production will need more tailored and prompt freight solutions and services. Because these industries are looking for faster, custom, and solution-based freight transport services FTL service will be part of a more stay in touch pattern for technological based procurement and moving freight efficient supply chain within their long-term industrial growth strategy. There are complying environments to manage FTL road freight drives their continued reliance on road freight for transporting large amounts of freight in shorter time constraints.

• Advancements in fleet management and telematics technologies: Technological innovations in fleet management and telematics have revolutionized the FTL road freight sector by improving efficiency, safety, and transparency. Real-time GPS tracking, route optimization, and predictive maintenance systems enable fleet operators to monitor vehicle locations, fuel usage, and driver behaviour closely. These advancements reduce operational costs, minimize downtime, and enhance delivery punctuality. Telematics also improves cargo security and compliance with regulatory standards by providing detailed logs and alerts. Additionally, data analytics helps companies forecast demand, plan capacity, and reduce carbon emissions through optimized routing. By embracing digital transformation, full truckload carriers can provide superior service, increase profitability, and remain competitive in an increasingly complex logistics environment.

• The growth of infrastructure in emerging economie: particularly in markets like India, Southeast Asia, and parts of Africa, is a crucial factor driving the FTL road freight transport market. Improved highways, expressways, and logistics parks enhance connectivity between production hubs, ports, and consumption centres. Better roads reduce transit times and vehicle wear, allowing freight companies to operate more efficiently and expand service coverage. Investments in modern logistics infrastructure attract multinational corporations seeking reliable supply chains, thereby increasing demand for full truckload shipments. Furthermore, government-led initiatives to upgrade transport networks stimulate economic activity and trade volumes, indirectly boosting freight movement. As infrastructure gaps close, these regions offer significant growth opportunities for FTL road freight operators aiming to capture rising industrial and consumer demand.

Report Scope

FTL Road Freight Transport Market SWOT Analysis

• Strengths: The FTL market offers efficient and cost-effective transportation for large shipments that fill an entire truck, reducing handling and risk of damage. It provides faster transit times compared to less-than-truckload (LTL) services since shipments go directly from origin to destination without intermediate stops. FTL service is also preferable for high-value, time-sensitive, or perishable freight; therefore, it is a necessity for industries like retail, manufacturing, and agriculture.

• Weaknesses: FTL services tend to be inflexible for smaller shipments that result in the truck being underutilized if it is not fully loaded; fewer goods can be consolidated into one shipment. There is a strong dependence on fuel prices and labor available to load, transport, and deliver goods that impacts the overall cost of service and delivery time. Since many FTL services are provided by smaller operators and companies, there is also a lack of digital capacity for real-time tracking of shipments, optimizing routes, and managing fleets of vehicles.

• Opportunities: The FTL market has a considerable opportunity to grow and develop in the future, especially with the rising demand of e-commerce goods, movement towards just-in-time inventory models, and growth of regional trade. FTL service providers have opportunities for investment in digital freight platforms, telematics, and route optimizing technologies that ultimately provide improvements in efficiency and customer satisfaction. Government led infrastructure development projects and opportunities in cross-border logistics integration offered especially to Asia-Pacific and North American regions provide long-term opportunities for FTL service providers.

• Threats: The FTL services sector is vulnerable to possible disruptions, such as rising fuel costs, driver shortages, and environmental regulations restricting the emissions for road transport and long-haul freight deliveries. Geopolitical disruption, trade embargoes or sanctions, or economic downturns can also affect volumes of cross-border and domestic freight services. Because of the increased shift to rail and intermodal freight services, FTL services could lose volumes and market share.

List of the prominent players in the FTL Road Freight Transport Market:

• Kuehne + Nagel International AG
• CJ Logistics Corporation
• DHL Global Forwarding
• Kerry Logistics Network Limited
• CEVA Logistics
• GEODIS SA
• DSV Panalpina A/S
• Nippon Express
• GEFCO S.A.
• DB Schenker
• Deutsche Post AG (DHL Group)
• Fercam S.p.A.
• First European Logistics Ltd.
• FM Logistic
• Gondrand Group
• Ital Logistics Ltd.
• KLG Europe
• Cargo Carriers Limited
• Others

The FTL Road Freight Transport Market is segmented as follows:

By Truck Type

• Dry Van
• Refrigerated (Reefer) Truck
• Flatbed Truck
• Tanker Truck

By End-Use Industry

• Retail & E-commerce
• Industrial & Manufacturing
• Automotive
• Oil & Gas
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America