Scooters - Jordan

Jordan

In 2024, the projected revenue in the Scooters market in Jordan is expected to reach US$4.63m.
Looking ahead, the market is projected to experience an annual growth rate of 1.38% from 2024 to 2028, resulting in a market volume of US$4.89m by 2028.
By 2028, it is estimated that the unit sales in the Scooters market will reach 2.88k motorcyles.
Furthermore, the volume weighted average price of Scooters market in Jordan is expected to be US$1.67k in 2024.
When considering the international market, it is worth noting that the highest revenue is projected to be generated in India, with an estimated revenue of US$9,782.00m in 2024.
Jordan's scooter market is experiencing a surge in popularity due to the country's compact urban areas and growing focus on sustainable transportation options.

Key regions: Brazil, Portugal, Indonesia, United States, Italy

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Analyst Opinion

The Scooters market in Jordan has been experiencing significant growth in recent years. Customer preferences for convenient and cost-effective transportation options, coupled with local special circumstances and underlying macroeconomic factors, have contributed to this trend. Customer preferences in Jordan have shifted towards more sustainable and efficient modes of transportation. Scooters offer a convenient and affordable solution for short-distance travel, particularly in congested urban areas. They are easy to maneuver through traffic and can be parked in tight spaces, making them a popular choice for commuters. Additionally, scooters are fuel-efficient and emit less pollution compared to traditional vehicles, aligning with the growing global concern for environmental sustainability. Trends in the market indicate a rising demand for scooters in Jordan. This can be attributed to several factors. Firstly, the increasing urbanization and population density in major cities have led to greater traffic congestion and longer commuting times. As a result, individuals are seeking alternative modes of transportation that can help them navigate through the city more efficiently. Scooters provide a practical solution for these challenges, allowing riders to bypass traffic and reach their destinations faster. Furthermore, the affordability of scooters compared to cars or motorcycles makes them an attractive option for many consumers in Jordan. The lower upfront cost and maintenance expenses of scooters make them more accessible to a wider range of individuals, including students, young professionals, and those with limited financial resources. Additionally, the relatively low fuel consumption of scooters makes them a cost-effective transportation option, especially in a country where fuel prices can be volatile. Local special circumstances in Jordan also contribute to the growth of the scooters market. The country has a young population, with a significant percentage of the population falling within the age group that is more likely to adopt scooters as a means of transportation. Additionally, the compact size and maneuverability of scooters make them well-suited for navigating the narrow streets and crowded areas in some of Jordan's older cities. Underlying macroeconomic factors further support the development of the scooters market in Jordan. The country has been experiencing steady economic growth, which has led to an increase in disposable income levels. As a result, more individuals are able to afford personal transportation options, including scooters. Additionally, the government has implemented policies and initiatives to promote sustainable transportation, including the use of electric vehicles. This has created a favorable environment for the adoption of scooters, particularly electric scooters, which are gaining popularity due to their lower environmental impact. In conclusion, the Scooters market in Jordan is growing due to customer preferences for convenient and cost-effective transportation options, local special circumstances, and underlying macroeconomic factors. The demand for scooters is driven by their practicality, affordability, and environmental benefits. As the country continues to urbanize and the population grows, the market for scooters is expected to expand further in the coming years.

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.