Motorcycles - Jordan

Jordan

In 2024, revenue in the Motorcycles market in Jordan is projected to reach €43.62m.
The market is expected to show an annual growth rate (CAGR 2024-2029) of 1.26%, resulting in a projected market volume of €46.43m by 2029.
The largest segment in the market is On-road Motorcycles, with a projected market volume of €33.16m in 2024.
Motorcycles market unit sales are expected to reach 10.51k motorcyles in 2029.
The volume weighted average price of Motorcycles market in Jordan in 2024 is expected to amount to €4.40k.
In the selected region, Other is expected to have the highest market share in 2024, with a motorcycle unit sales share of 56.1%.
The value market share of Other is expected to stand at 72.9% in the selected region in 2024.
From an international perspective, it is shown that the most revenue will be generated India, with €29,470.00m in 2024.
The demand for motorcycles in Jordan is on the rise, with an increasing number of young adults opting for two-wheeled transportation due to its affordability and convenience.

Key regions: Thailand, Italy, Indonesia, Spain, Germany

Marché

Marque

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Motorcycles market in Jordan has been experiencing steady growth in recent years. Customer preferences in the market have been shifting towards more fuel-efficient and environmentally friendly motorcycles. This trend is driven by increasing awareness of the environmental impact of traditional gasoline-powered motorcycles and the desire for more cost-effective transportation options. Additionally, customers are also looking for motorcycles that offer a comfortable and safe riding experience, with features such as advanced suspension systems and anti-lock braking systems becoming more popular. One of the key trends in the market is the rise of electric motorcycles. As the global push towards sustainability continues, more customers in Jordan are opting for electric motorcycles as an alternative to traditional gasoline-powered ones. The government has also been supportive of this trend by implementing policies and incentives to promote the adoption of electric vehicles, including motorcycles. This has further fueled the demand for electric motorcycles in the country. Another trend in the market is the increasing popularity of motorcycles for recreational purposes. Jordan is known for its beautiful landscapes and rugged terrains, making it an ideal destination for motorcycle enthusiasts. As a result, there has been a growing demand for motorcycles that are specifically designed for off-road adventures. Manufacturers have responded to this trend by introducing a wide range of off-road motorcycles with advanced features such as high ground clearance and durable suspension systems. In addition to customer preferences, there are also local special circumstances that have contributed to the development of the motorcycles market in Jordan. One such circumstance is the high population density in urban areas, which has led to increased traffic congestion and a need for more efficient modes of transportation. Motorcycles offer a practical solution to this problem, as they are more maneuverable in heavy traffic and require less parking space compared to cars. This has made motorcycles a popular choice for commuting in crowded cities. Furthermore, the relatively low cost of motorcycles compared to cars has made them an affordable transportation option for many people in Jordan. This affordability factor, combined with the increasing availability of financing options, has made motorcycles more accessible to a wider range of customers. Underlying macroeconomic factors, such as economic growth and rising disposable incomes, have also played a role in the development of the motorcycles market in Jordan. As the economy continues to grow, more people have the means to purchase motorcycles for both practical and recreational purposes. Additionally, the government's efforts to improve infrastructure, such as the construction of new roads and highways, have made it easier for people to travel by motorcycle. In conclusion, the motorcycles market in Jordan is experiencing growth due to shifting customer preferences towards more fuel-efficient and environmentally friendly options, such as electric motorcycles. The popularity of motorcycles for recreational purposes and their practicality in urban areas with high population density have also contributed to this growth. Additionally, underlying macroeconomic factors, such as economic growth and rising disposable incomes, have made motorcycles more accessible to a wider range of customers.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on motorcycle sales and revenue excluding scooters/mopeds under 50cc category.

Modeling approach / Market size:

Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use manufacturer websites, national statistics offices, motorcycle associations, motorcycles sales websites. Next we use relevant key market indicators and data from country-specific associations such as GDP per capita, consumer price index, consumer spending, and population. This data helps us to 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 particular market. For example, the forecasting is done on a make level for Motorcycles, using a mix of standard approaches, e.g., exponential smoothing, and uses parameters which best fit the historical data. The main drivers are GDP per capita, consumer price index, consumer spending, and population.

Additional Notes:

The market is updated once a year.