Market Size of Jordan Freight and Logistics Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Jordan Freight and Logistics Market Analysis
Over the next few years, the Jordan Freight & Logistics Market is expected to register of CAGR of more than 5%.
- The Economic Modernization Vision examined the situation of the transport and logistics industry in 2022 and outlined a plan to boost the sector's contributions to GDP, with the goal of exceeding JD 2.9 billion (USD 4.08 billion) by the end of the following decade. The vision also outlined a strategy for addressing transportation-related difficulties as well as remedies centered on increasing institutional collaboration and rethinking transportation policy.
- According to a source, transport and logistics exports was projected to expand from JD 0.4 billion (USD 0.56 billion) in 2021 to JD 0.9 billion (USD 1.27 billion) in 2033. The government adopted the executive plan for the Economic Modernization Vision (2023-2025), which includes 183 projects with a total cost of JD 2.3 billion (USD 3.24 billion) until the end of 2025.
- Jordan's involvement in the reconstruction of Syria and Iraq, as well as its plans to consistently increase connectivity and transportation quality, indicate that significant developments in the transportation and logistics sectors will significantly contribute to the country's overall economic growth.
Jordan Freight and Logistics Industry Segmentation
Freight is any goods, lading, or cargo that is moved from one place to another for money by land, sea, or air.Improvements in technology and logistical infrastructure have resulted from infrastructural and technical advances. The logistics and freight businesses want to enhance supply chain management and make items available quickly.
The Jordan Freight and Logistics Market is segmented by function (Freight Transport, Freight Forwarding, Warehousing, and Value-added Services and Other Services) and end user (Manufacturing and Automotive, Oil and Gas, Mining and Quarrying, Agriculture, Fishing, and Forestry, Construction, Distributive Trade, Healthcare and Pharmaceutical, and Other End Users (Chemicals, Telecommunications, etc.).
The report offers the market size and forecast for the Jordan Freight and Logistics Market in value (USD billion) for all the above segments. The report also covers the impact of COVID-19 on the market.
| By Function | ||||||
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| Freight Forwarding | ||||||
| Warehousing | ||||||
| Value-added Services and Other Services |
| By End-User | |
| Manufacturing and Automotive | |
| Oil and Gas, Mining, and Quarrying | |
| Construction | |
| Distributive Trade (Wholesale and Retail) | |
| Healthcare and Pharmaceutical | |
| Others EndUsers (Telecommunications, etc.) |
Jordan Freight and Logistics Market Size Summary
The Jordan Freight and Logistics Market is poised for significant growth, driven by strategic initiatives and investments aimed at enhancing the sector's contribution to the national economy. The Economic Modernization Vision has set ambitious goals to boost the sector's GDP contribution, with a focus on improving transportation policies and fostering institutional collaboration. Jordan's strategic involvement in regional reconstruction efforts and its commitment to enhancing connectivity and transportation quality are expected to play a crucial role in the country's economic expansion. Additionally, the Saudi Public Investment Fund's interest in investing in Jordan's infrastructure projects underscores the potential for substantial developments in the freight and logistics sectors, aligning with broader regional economic integration efforts.
The logistics landscape in Jordan is characterized by a fragmented market with a few dominant players, offering opportunities for both domestic and international companies to expand their operations. The trucking fleet remains a vital component of the road freight logistics market, despite challenges such as high travel times from the port of Aqaba to Amman. Recent government initiatives to streamline customs processes and improve port infrastructure have enhanced the efficiency of logistics and trade operations. Key players in the market, including Golden Ways for Logistics and DHL Express, are actively pursuing sustainability and technological advancements to strengthen their market positions. These developments, coupled with strategic partnerships and investments, are expected to drive the growth and modernization of Jordan's freight and logistics industry.
Jordan Freight and Logistics Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Government Regulations and Initiatives
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1.7 Technological Trends
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1.8 Insights on the E-commerce Industry
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1.9 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Function
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2.1.1 Freight Transport
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2.1.1.1 Road
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2.1.1.2 Shipping and Inland Water
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2.1.1.3 Air
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2.1.1.4 Rail
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2.1.2 Freight Forwarding
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2.1.3 Warehousing
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2.1.4 Value-added Services and Other Services
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2.2 By End-User
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2.2.1 Manufacturing and Automotive
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2.2.2 Oil and Gas, Mining, and Quarrying
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2.2.3 Construction
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2.2.4 Distributive Trade (Wholesale and Retail)
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2.2.5 Healthcare and Pharmaceutical
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2.2.6 Others EndUsers (Telecommunications, etc.)
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Jordan Freight and Logistics Market Size FAQs
What is the current Jordan Freight and Logistics Market size?
The Jordan Freight and Logistics Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Jordan Freight and Logistics Market?
Golden Ways for Logistics, Target Logistic services, Nile International Freight Services, Seven Seas Logistics Company and Bolloré Logistics are the major companies operating in the Jordan Freight and Logistics Market.
