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2019-06-18
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Jordan
Market Overview
The markets in the Middle East are struggling with the impact of lower oil prices and the resulting austerity measures. While these dynamics are impacting the fleet market in the Middle East, it is difficult to calculate the impact across the entire region. “It is challenging to scale the size of the total fleet market in the Middle East since vehicle registration data is not accessible in the Middle East. The Jordan’s economy remains inactive as growth slowed down for the third year in a row. This is mainly due to a weaker mining and quarrying sector, partially related to downward pressures on global potash prices, and other factors related to the Syria crisis, remarkably the closure of export routes to Iraq and Syria. Considering Amman, the capital city of Jordan has the largest concentration of fleet vehicles in the kingdom.
Goldstein Research analyst forecast Jordan automotive fleet industry is anticipated to grow at a CAGR of 5.8% over the forecast period as investments by the new and existing market players in the region is expected to upsurge in coming years to cater the huge demand for rented transportation in the region.
Jordan Automotive Fleet Industry Segmentation
By Fleet Type
Based on the fleet type rental automotive industry acquired the largest share of more than 65% share in Jordan automotive fleet industry. On the other hand, rental automotive fleet segment is likely to be the fastest growing segment, which is expected to grow at a CAGR of 7.8% over the forecast period.
By Vehicles Type
The report covers the present ground scenario and the future growth prospects of Jordan Automotive fleet industry for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the region. Jordan automotive fleet industry is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players. Additionally, novel technological advancements and recent technological trends in the Jordan automotive fleet market are also analyzed in this report.
Jordan Automotive Fleet Industry Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Jordan Automotive Fleet Industry space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Jordan Automotive Fleet Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.
Our Jordan Automotive fleet industry Report comprises of the following companies as the key players: Hertz Corporation, Fraikin, Sixt, Avis Corporation, Strong car rental, Auto rent, Market Rent- A- Car, Al- Mulla, Enterprise Rent A Car, City Car, Al Sayer and Europcar.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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