Jordan Freight and Logistics Market Size
| 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 |
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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 Market Trends
Saudi Arabia's PIF makes market-boosting investments
The Public Investment Fund, which is Saudi Arabia's sovereign wealth fund, is looking at investing in large infrastructure projects in Jordan as part of its USD 24 billion MENA investment drive.It is now looking into megaprojects in the transportation and logistics sectors, as well as the possibility of investing in Jordanian railroads.PIF plans to spend USD 24 billion in the Middle East and North Africa region to add to its portfolio of assets, which will help the economies in those areas.The sovereign fund has set up five investment firms, in addition to the Saudi Egyptian Investment Company, which it started in August.These cars will look for chances in Jordan, Bahrain, Iraq, Oman, and Sudan.
The six companies will work together to invest in important industries like infrastructure, real estate, mining, health care, financial services, food and agriculture, manufacturing, telecommunications, technology, and others. The decision is in keeping with the PIF's aim of diversifying Saudi Arabia's economy and delivering "attractive financial returns over the long term". The declaration comes after the UAE, Egypt, and Jordan agreed in May to join an industrial alliance to strengthen Arab economic integration. ADQ's USD 10 billion investment fund seeks investments in five key sectors: petrochemicals, metals, minerals, and downstream goods; textiles; medicines; and agriculture, food, and fertilizers.
Strong Road Freight Transport Segment is Driving the Market
The trucking fleet has been the most important part of Jordan's road freight logistics market.More than 55% of Jordan's trucking fleet is owned by individuals; in addition to that, a high percentage of the total number of the fleet has been in service for over the past 15 years. Even though the high travel times to haul containers from the port of Aqaba to Amman are restricting the rapid growth of the road transport segment, the fleet size has been increasing and is registering year-on-year growth rates in the country.
Jordan's highway network spans over 2,700 kilometers, linking all parts of the country, with almost 1,900 kilometers of subsidiary roads. People also think that its logistics and trade processes are very effective, especially when compared to those of its regional competitors. The Jordanian government (GoJ) has recently made it easier to clear customs, expanded the use of a (virtual) single window, and improved the infrastructure at the Port of Aqaba. This has made it much easier to cross the border and sped up the process of importing and exporting.
Jordan Freight and Logistics Industry Overview
Jordan's freight and logistics market is fairly fragmented in nature. In terms of market share, a few of the major players currently dominate the market. The freight and logistics market in Jordan holds great scope for domestic and international companies to expand their business in the country. The key players can expand their market shares by addressing the significant challenges of the Jordanian freight and logistics markets.
Some of the key players are Golden Ways for Logistics, Target Logistics Services, Nile International Freight Services, Seven Seas Logistics Company, and Bolloré Logistics.
Jordan Freight and Logistics Market Leaders
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Golden Ways for Logistics
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Target Logistic services
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Nile International Freight Services
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Seven Seas Logistics Company
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Bolloré Logistics
*Disclaimer: Major Players sorted in no particular order
Jordan Freight and Logistics Market News
August 2022: Bahri, formally known as the Saudi Arabian National Shipping Company, inked two preliminary agreements with Greek maritime enterprises Dynacom and SeaTraders. The partnerships is expected to supplement the businesses' current capabilities and create channels for the transfer of technology and services.
June 2022: DHL Express, a global supplier of express logistics solutions, constructed a solar plant at its Amman site to cut its energy use by 100% as part of its global sustainability goal to become carbon neutral by 2050. In its first year of operation, the plant is expected to generate 294 kWh of clean energy, fulfilling 100% of the DHL facility's energy consumption demands while reducing its power expenses.
Jordan Freight and Logistics Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Value Chain / Supply Chain Analysis
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4.5 Industry Attractiveness - Porter's Five Force Analysis
- 4.5.1 Threat of New Entrants
- 4.5.2 Bargaining Power of Buyers/Consumers
- 4.5.3 Bargaining Power of Suppliers
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Government Regulations and Initiatives
- 4.7 Technological Trends
- 4.8 Insights on the E-commerce Industry
- 4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Function
- 5.1.1 Freight Transport
- 5.1.1.1 Road
- 5.1.1.2 Shipping and Inland Water
- 5.1.1.3 Air
- 5.1.1.4 Rail
- 5.1.2 Freight Forwarding
- 5.1.3 Warehousing
- 5.1.4 Value-added Services and Other Services
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5.2 By End-User
- 5.2.1 Manufacturing and Automotive
- 5.2.2 Oil and Gas, Mining, and Quarrying
- 5.2.3 Construction
- 5.2.4 Distributive Trade (Wholesale and Retail)
- 5.2.5 Healthcare and Pharmaceutical
- 5.2.6 Others EndUsers (Telecommunications, etc.)
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Golden Ways for Logistics
- 6.2.2 Nile International Freight Services
- 6.2.3 Target Logistic services
- 6.2.4 Seven Seas Logistics Company
- 6.2.5 Bollore Logistics
- 6.2.6 Golden Ways for Logistics
- 6.2.7 Target Logistic Services
- 6.2.8 FedEx
- 6.2.9 Naouri Group
- 6.2.10 Legend Logistics Shipping Co*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
- 8.1 Macroeconomic Indicators (GDP Distribution, by Activity)
- 8.2 Economic Statistics - Transport and Storage Sector Contribution to the Economy
- 8.3 External Trade Statistics - Exports and Imports by Product and by Country of Destination/Origin
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 | Freight Transport | Road |
| Shipping and Inland Water | ||
| Air | ||
| Rail | ||
| By Function | 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 Research 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.
What years does this Jordan Freight and Logistics Market cover?
The report covers the Jordan Freight and Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Jordan Freight and Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Jordan Freight and Logistics Industry Report
Statistics for the 2023 Jordan Freight and Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Jordan Freight and Logistics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
