Key regions: Spain, Nigeria, Italy, Portugal, United States
The Off-road Motorcycles market in Jordan has been experiencing steady growth in recent years.
Customer preferences: In Jordan, there is a growing interest in off-road motorcycles among adventure enthusiasts and outdoor sports enthusiasts. The country's diverse terrain, which includes deserts, mountains, and valleys, provides ample opportunities for off-road biking. Customers in Jordan are increasingly looking for off-road motorcycles that are durable, reliable, and capable of handling the challenging terrains. They also value features such as powerful engines, good suspension systems, and off-road tires that provide traction and stability.
Trends in the market: One of the key trends in the off-road motorcycles market in Jordan is the increasing popularity of off-road biking as a recreational activity. More and more people are taking up off-road biking as a hobby and are actively seeking out off-road motorcycles to explore the country's scenic landscapes. This trend is driving the demand for off-road motorcycles in the market. Another trend in the market is the growing availability of off-road biking tracks and trails in Jordan. The government and private organizations have been investing in the development of off-road biking infrastructure, including dedicated tracks and trails. This has made off-road biking more accessible and has further fueled the demand for off-road motorcycles.
Local special circumstances: Jordan's proximity to other countries in the Middle East, which also have a growing off-road biking culture, has contributed to the development of the off-road motorcycles market. The country has become a popular destination for off-road biking enthusiasts from neighboring countries, who come to Jordan to explore its diverse terrains. This influx of tourists has created a niche market for off-road motorcycles, with rental services and guided tours catering to the needs of these visitors.
Underlying macroeconomic factors: The stable economic growth in Jordan has played a significant role in the development of the off-road motorcycles market. As the economy grows, more people have disposable income to spend on recreational activities such as off-road biking. This has increased the demand for off-road motorcycles in the market. Additionally, the government's focus on promoting tourism and adventure sports in Jordan has also had a positive impact on the off-road motorcycles market. The government has been actively promoting Jordan as a destination for adventure tourism, which has attracted both domestic and international tourists interested in off-road biking. This has created a favorable environment for the growth of the off-road motorcycles market in the country. In conclusion, the off-road motorcycles market in Jordan is experiencing growth due to increasing customer preferences for off-road biking, the popularity of off-road biking as a recreational activity, the availability of off-road biking tracks and trails, and the country's special circumstances such as its proximity to other off-road biking destinations in the Middle East. The underlying macroeconomic factors, including stable economic growth and government initiatives to promote tourism and adventure sports, are also contributing to the development of the market.
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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