Yeah, I forgot to mention the case where they may be necessary after/during compression to make the track louder. Thank you for reminding me. :)

But plainly increasing the volume and then limiting it to make your track louder can cause many negative effects, for example quickening attack and decay, greatly weakening your kick/bassdrum, etc. Instead you would want to use a compressor or something similar.

TL;DR: Compression + Volume Management > Limiters (most of the time)

Of course, many compressors work as limiters, and that is fine.