Market Size of china full-truck-load (ftl) Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 350.27 Billion |
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Market Size (2030) | USD 495.25 Billion |
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Largest Share by End User Industry | Manufacturing |
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CAGR (2024 - 2030) | 5.94 % |
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Fastest Growing by End User Industry | Manufacturing |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
China Full-Truck-Load (FTL) Market Analysis
The China Full-Truck-Load (FTL) Market size is estimated at 350.27 billion USD in 2024, and is expected to reach 495.25 billion USD by 2030, growing at a CAGR of 5.94% during the forecast period (2024-2030).
350.27 Billion
Market Size in 2024 (USD)
495.25 Billion
Market Size in 2030 (USD)
4.91 %
CAGR (2017-2023)
5.94 %
CAGR (2024-2030)
Largest Market by Destination
72.49 %
value share, Domestic, 2023
The domestic segment of the FTL market is supported by the improving infrastructure in the country. China is expected to spend USD 1.4 trillion on new infrastructure projects by 2025.
Largest Market by End User Industry
44.44 %
value share, Manufacturing, 2023
China is a significant manufacturer of industrial goods. Automobile manufacturing has also been increasing tremendously. It is estimated that the New Energy Vehicles could account for 35% of the domestic market by 2025.
Fastest Growing Market by End User Industry
6.93 %
Projected CAGR, Manufacturing, 2024-2030
The segment is expected to grow supported by the growth of semiconductor manufacturing. China has strengthened its semiconductor strategy by concentrating its USD 143 billion five-year plan on advanced production.
Fastest Growing Market by Destination
6.10 %
Projected CAGR, International, 2024-2030
International FTL is projected to grow as China's foreign trade is estimated to reach USD 5.1 trillion in 2025. The country is also expected to increase its exports and imports with Asian countries.
First Leading Market Player
0.88 %
market share, Eastern Air Logistics, 2022
Eastern Air Logistics operates with 35 foreign airline companies in truck-air transport services. The company has 24 truck-air city points and international air-land combined transportation lines.
The growth of the market is expected to be supported by China's 14th Five-Year Plan (2021-2025)
- China is a significant manufacturer and producer of industrial goods. China's manufacturing and industrial sector. The rise in production is driving the demand for freight services as the trucking industry plays a significant role in ensuring the timely delivery and distribution of manufactured goods domestically. In 2022, the manufacturing sector's output rose by 3% and reached USD 33.5 trillion. China's manufacturing production sustained its development in 2022, with the high-tech manufacturing and equipment manufacturing sectors posting robust performance. Automobile manufacturing has also been increasing tremendously in China. It is estimated that the new energy vehicles (NEVs) could account for as much as 35% of the Chinese domestic market by 2025.
- The full truckload market is expected to grow as many projects have been included in China's 14th Five-Year Plan (2021-2025). The Five-Year Plan also includes key projects and initiatives, with over a third of them in the areas of industrial modernization, technological innovation, and digitization. About 27 key projects are included in the areas of construction, regional development, and infrastructure. China is planning 30 new airports and thousands of kilometers of new roads and railroads as its infrastructure remains the default approach for boosting economic growth and providing economic opportunities.
- The agriculture, fishing, and forestry segment is expected to grow, and the output value of the forest and grass industry is estimated to reach about USD 1.41 trillion by 2025. China is also establishing itself as a leader in the international trade of forest and grass products, with the annual import and export value anticipated to reach USD 195 billion by 2025.
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Understand The Key Trends Shaping This Market
China Full-Truck-Load (FTL) 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.
- China is a significant manufacturer and producer of industrial goods. China's manufacturing and industrial sector. The rise in production is driving the demand for freight services as the trucking industry plays a significant role in ensuring the timely delivery and distribution of manufactured goods domestically. In 2022, the manufacturing sector's output rose by 3% and reached USD 33.5 trillion. China's manufacturing production sustained its development in 2022, with the high-tech manufacturing and equipment manufacturing sectors posting robust performance. Automobile manufacturing has also been increasing tremendously in China. It is estimated that the new energy vehicles (NEVs) could account for as much as 35% of the Chinese domestic market by 2025.
- The full truckload market is expected to grow as many projects have been included in China's 14th Five-Year Plan (2021-2025). The Five-Year Plan also includes key projects and initiatives, with over a third of them in the areas of industrial modernization, technological innovation, and digitization. About 27 key projects are included in the areas of construction, regional development, and infrastructure. China is planning 30 new airports and thousands of kilometers of new roads and railroads as its infrastructure remains the default approach for boosting economic growth and providing economic opportunities.
- The agriculture, fishing, and forestry segment is expected to grow, and the output value of the forest and grass industry is estimated to reach about USD 1.41 trillion by 2025. China is also establishing itself as a leader in the international trade of forest and grass products, with the annual import and export value anticipated to reach USD 195 billion by 2025.
| 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?
China Full-Truck-Load (FTL) Market Size Summary
The China Full-Truck-Load (FTL) market is poised for significant growth, driven by the country's robust manufacturing and industrial sectors. As a major hub for industrial goods production, China's manufacturing output has seen substantial increases, particularly in high-tech and equipment manufacturing, as well as the automotive sector. The rise in production activities has spurred demand for efficient freight services, with the trucking industry playing a crucial role in the timely distribution of goods. This demand is further bolstered by China's strategic initiatives outlined in its 14th Five-Year Plan, which emphasizes industrial modernization, technological innovation, and infrastructure development. The plan includes numerous projects aimed at enhancing transportation networks, such as the construction of new roads, railroads, and airports, which are expected to support the growth of the FTL market.
China's logistics industry, the largest in the world, is experiencing a surge due to favorable business conditions and significant government investment. The logistics sector's expansion is closely linked to the booming e-commerce activities within the country, which have rebounded following efforts to alleviate transportation bottlenecks. Despite challenges such as fluctuating fuel prices and a decline in transportation and storage sector growth, the Chinese government continues to prioritize logistics and transportation enhancements to ensure economic stability. The FTL market remains fragmented, with key players like Changan Minsheng APLL Logistics, CMA CGM Group, Deppon Express, Eastern Air Logistics, and SF Express leading the charge. Recent developments, including partnerships for electric vehicle initiatives and new cross-border shipping services, highlight the industry's ongoing evolution and adaptation to emerging market demands.
China Full-Truck-Load (FTL) Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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1.1 End User Industry
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1.1.1 Agriculture, Fishing, and Forestry
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1.1.2 Construction
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1.1.3 Manufacturing
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1.1.4 Oil and Gas, Mining and Quarrying
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1.1.5 Wholesale and Retail Trade
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1.1.6 Others
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1.2 Destination
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1.2.1 Domestic
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1.2.2 International
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China Full-Truck-Load (FTL) Market Size FAQs
How big is the China Full-Truck-Load (FTL) Market?
The China Full-Truck-Load (FTL) Market size is expected to reach USD 350.27 billion in 2024 and grow at a CAGR of 5.94% to reach USD 495.25 billion by 2030.
What is the current China Full-Truck-Load (FTL) Market size?
In 2024, the China Full-Truck-Load (FTL) Market size is expected to reach USD 350.27 billion.
