From 2013 to 2023, the market size value per capita for motorcycles with spark ignition engines over 800 cc in Guatemala increased from $0.77 to $1.12. This growth represents a CAGR of approximately 3.15%. After peaking at $1.34 in 2017, the market has experienced a consistent decline, with a year-on-year decrease of 2.52% from 2022 to 2023. In terms of annual trends, the last two years have shown a downward trajectory, with a respective year-on-year variation of -3.36% and -2.61% from 2021 to 2022 and from 2022 to 2023.
Future Trends to Watch:
- Potential recovery in economic conditions which could positively impact disposable income and spur demand.
- Increasing adoption of electric motorcycles due to environmental regulations may shift market dynamics.
- Fluctuations in fuel prices influencing consumer preference and market growth.
- Technological advancements enhancing safety and performance can attract new buyers.
| # | 12 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 France | 44.96 | 2023 | View data | ||
| 2 | 2 Italy | 37.65 | 2023 | View data | ||
| 3 | 3 Austria | 34.73 | 2023 | View data | ||
| 4 | 4 Canada | 31.88 | 2023 | View data | ||
| 5 | 5 United Kingdom | 30.08 | 2023 | View data | ||
| 10 | 10 Poland | 2.88 | 2023 | View data | ||
| 11 | 11 Montenegro | 2.47 | 2023 | View data | ||
| 12 | 12 Guatemala | 1.12 | 2023 | |||
