On-road Motorcycles - Jordan

Jordan

The On-road Motorcycles market segment in Jordan is projected to generate revenue of €33.16m in 2024.
This segment is expected to grow at an annual rate of 1.17% (CAGR 2024-2029), resulting in a projected market volume of €35.14m by 2029.
By 2029, unit sales in the On-road Motorcycles market segment are expected to reach 5.81k motorcyles.
The volume weighted average price of On-road Motorcycles market in Jordan in 2024 is projected to be €6.04k.
When looking at the international perspective, it is evident that India will generate the highest revenue in the On-road Motorcycles market segment, with €19,730.00m in 2024.
The demand for electric motorcycles in Jordan is steadily increasing, driven by the government's initiatives to promote sustainable transportation.

Key regions: Nigeria, United States, Spain, Vietnam, Indonesia

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The On-road Motorcycles market in Jordan has been experiencing steady growth in recent years.

Customer preferences: Customers in Jordan have shown a strong preference for on-road motorcycles due to their convenience and affordability. On-road motorcycles are popular among young adults and commuters who are looking for a cost-effective mode of transportation. The compact size and maneuverability of on-road motorcycles make them ideal for navigating through the busy streets of Jordan's cities.

Trends in the market: One of the key trends in the on-road motorcycles market in Jordan is the increasing demand for electric motorcycles. With the growing concern for environmental sustainability, more customers are opting for electric motorcycles as they offer a cleaner and greener alternative to traditional gasoline-powered motorcycles. The government of Jordan has also been promoting the use of electric vehicles by providing incentives and subsidies, which has further fueled the demand for electric motorcycles in the country. Another trend in the market is the rising popularity of retro-style motorcycles. Retro motorcycles are known for their classic design and nostalgic appeal, which has resonated with customers in Jordan. These motorcycles often feature vintage aesthetics combined with modern technology, offering a unique riding experience. The retro motorcycle trend is driven by the desire for individuality and style among customers in Jordan.

Local special circumstances: One of the factors contributing to the growth of the on-road motorcycles market in Jordan is the country's improving infrastructure. The government has been investing in the development of roads and highways, making it easier for people to commute and travel within the country. This has increased the demand for on-road motorcycles as a convenient mode of transportation. Additionally, the relatively low cost of on-road motorcycles compared to cars has made them a popular choice among the middle-class population in Jordan. The affordability factor has played a significant role in driving the growth of the market, as customers are looking for cost-effective transportation options.

Underlying macroeconomic factors: The stable economic conditions in Jordan have also contributed to the growth of the on-road motorcycles market. The country has witnessed steady economic growth in recent years, which has led to an increase in disposable income among the population. As a result, more people are able to afford on-road motorcycles, leading to higher demand in the market. Furthermore, the government's efforts to promote tourism in Jordan have also had a positive impact on the on-road motorcycles market. Tourists visiting the country often prefer to rent motorcycles to explore the scenic landscapes and historical sites. This has created a lucrative market for rental services and has boosted the overall demand for on-road motorcycles. In conclusion, the on-road motorcycles market in Jordan is experiencing growth due to customer preferences for convenience and affordability. The increasing demand for electric motorcycles and retro-style motorcycles, along with the country's improving infrastructure and stable economic conditions, are driving the market forward. The local special circumstances, such as the government's promotion of electric vehicles and the popularity of tourism, further contribute to the growth of the market.

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.