Press release
Jordan Freight and Logistics Market Statistics, Development and Growth 2021-DHL International GmbH, Naouri Group, CH Robinson Worldwide Inc, Jordan Global Shipping & Agencies Co Ltd
Jordan Freight and Logistics Market by Component, Application, Services, and Region- Forecast to 2025The Global Jordan Freight and Logistics Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Jordan Freight and Logistics business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Jordan Freight and Logistics worth chain and its wholesaler examination. Jordan Freight and Logistics Market study gives extensive information which upgrades the agreement, degree, and use of this report.
The ambitious economic reforms adopted by Jordan during the last two decades and several structural adjustment programs have resulted in almost double the average Gross Domestic Product (GDP) during the 2010-2018 period and registered a 1.9% growth during 2018.
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Top Leading Companies of Jordan Freight and Logistics Market are DHL International GmbH, Naouri Group, CH Robinson Worldwide Inc, Jordan Global Shipping & Agencies Co Ltd, CEVA Logistics, Golden Ways for Logistics, Target Logistic Services, FedEx, Nile International Freight Services, Gezairi, Leen Cargo, GLFS Group, Legend Logistics Shipping Co, Cargo Fleet Logistics, Crown Logistics Ltd* and others.
-Industry News And Updates on Jordan Freight and Logistics Market-
Strong Road Freight Transport Segment is Driving the Market
The trucking fleet has been the backbone of the road freight segment of the logistics market in Jordan. More than 55% of Jordons 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.
-Key Market Trends Jordan Freight and Logistics Market-
The Growing Domestic Market is Anticipated to Help the Market to Expand
The regional instability, which is surrounding it currently is anticipated to drive the market growth. The conflict in neighboring Syria that happened during the study period has made Jordan home to around 630,000 officially registered Syrian refugees which may even more than a million according to the statics. This resulted in an increased domestic consumption that led to a growth rate in local cargoes. This led to a transportation improvement program framed by the Ministry of Transport (MoT). The MoT extended support to the Trade and Transport Facilitation program, which helps to bring private and public stakeholders of the transportation sector together to overcome hurdles faced by them.
-Competitive Landscape On Jordan Freight and Logistics Market-
The report covers major international players operating in the Jordan freight and logistics market. In terms of market share, 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 Jordan freight and logistics market.
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