The motor vehicles clutches and clutches parts market in Jordan stood at 8.0559 million USD in 2023. Over the past decade, the market experienced fluctuations, with an all-time low in 2016 at 5.726 million USD and a peak in 2023. The market showed resilience after declines in the mid-2010s and recorded a notable growth phase from 2017 to 2018. Over the last two years, the market exhibited stability with moderate growth, at 2.57% in 2023. The compound annual growth rate (CAGR) over the last five years is 0.61%, evidencing a slow but positive recovery trajectory.
Future trends to watch for include technological advancements in vehicle components, shifts towards electric vehicles which may reduce demand for traditional clutches, and macroeconomic factors affecting consumer purchasing power in Jordan. Additionally, regulatory changes and trade dynamics in the Middle East could influence market growth.
How does Jordan rank in Motor Vehicles Clutches and Motor Vehicle Clutches Parts Market Size Value?
| # | 56 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 14,279,000,000 | 2023 | +1.67% | +1.46% | View data |
| 2 | 2 China | 6,050,400,000 | 2023 | +2.89% | +2% | View data |
| 3 | 3 Germany | 4,636,400,000 | 2023 | +1.94% | +1.85% | View data |
| 4 | 4 Japan | 3,361,100,000 | 2023 | -1.36% | -0.94% | View data |
| 5 | 5 France | 2,358,600,000 | 2023 | +0.74% | +0.82% | View data |
| 42 | 42 Lebanon | 13,527,000 | 2023 | +1.63% | +1.65% | View data |
| 43 | 43 Estonia | 13,221,000 | 2023 | +2.04% | +1.2% | View data |
| 44 | 44 Jordan | 8,055,900 | 2023 | +2.57% | +0.61% | |
| 45 | 45 Uganda | 6,912,000 | 2023 | +4.36% | +4.39% | View data |
| 46 | 46 Mauritius | 6,243,000 | 2023 | +1.78% | +2.7% | View data |
