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.
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.
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