Buses - Jordan

  • Jordan
  • In 2024, the Buses market in Jordan is projected to reach a unit sales of 289.00vehicles.
  • With an expected annual growth rate (CAGR 2024-2030) of 2.59%, the unit sales are anticipated to increase steadily, resulting in a projected market volume of 337.00vehicles by 2030.
  • This indicates the potential for growth in the Buses market.
  • Furthermore, the production of Buses market is also expected to rise significantly, reaching 0.68k vehicles units by 2030.
  • From an international perspective, it is evident that the in China will dominate the market, with projected sales of 537.50k vehicles units in 2024.
  • This highlights the significance of the US market in the global Buses market industry.
  • Jordan's commercial vehicle market is witnessing a growing demand for eco-friendly buses to address the country's sustainability goals.
 
Marché
 
Région
 
Comparaison de régions
 
Monnaie
 

Analyst Opinion

The Buses market in Jordan has been experiencing significant growth in recent years, driven by several factors. Customer preferences have shifted towards more sustainable and efficient transportation options, leading to increased demand for buses.

Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the development of the market. Customer preferences in Jordan have been shifting towards more sustainable transportation options, with an increasing emphasis on reducing carbon emissions and promoting environmental sustainability. Buses are seen as a greener alternative to private vehicles, as they can transport a larger number of people at once, reducing the overall number of vehicles on the road.

This shift in customer preferences has led to a growing demand for buses in Jordan. In addition to environmental concerns, customer preferences have also been influenced by the need for more efficient transportation options. Buses offer a cost-effective and time-efficient mode of transport, especially for daily commuters and long-distance travelers.

With the increasing congestion on roads and rising fuel prices, buses provide a convenient and affordable alternative for many Jordanian residents. The trends in the Buses market in Jordan are also influenced by local special circumstances. Jordan has a well-developed public transportation system, with buses playing a crucial role in connecting different parts of the country.

The government has been actively investing in the expansion and modernization of the bus fleet, aiming to improve the overall efficiency and quality of public transportation services. This has further fueled the demand for buses in the market. Furthermore, the underlying macroeconomic factors in Jordan have also contributed to the development of the Buses market.

The country has been experiencing steady economic growth, which has resulted in an increase in disposable incomes and improved living standards. As a result, more people are able to afford private vehicles, leading to a higher demand for buses as a means of public transportation. Additionally, the government's focus on infrastructure development and urban planning has also played a significant role in the growth of the Buses market.

Investments in road infrastructure and the development of new residential and commercial areas have increased the need for efficient public transportation systems, further driving the demand for buses. In conclusion, the Buses market in Jordan is developing due to changing customer preferences towards more sustainable and efficient transportation options. Local special circumstances, such as the well-developed public transportation system and government investments in the bus fleet, have also contributed to the growth of the market.

Furthermore, underlying macroeconomic factors, including steady economic growth and infrastructure development, have further fueled the demand for buses in Jordan.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on unit sales and production of buses.

Modeling approach:

Market sizes are determined through a combined Top-Down and bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey). In addition, we use relevant key market indicators and data from country-specific associations, such as consumer spending per capita on transportation and consumer price index for purchase of vehicles. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, linear regression, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Vue d’ensemble

  • Unit Sales
  • Production
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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