The diesel trucks market in Guatemala, particularly those weighing 5-20 tonnes, reached a size of $406.55 million in 2023. Over the past decade, the market experienced fluctuations with significant growth in the mid-2010s, followed by a decline in 2019 and 2020. However, from 2021 onwards, the market has shown a recovery with a consistent year-on-year growth of around 4.95% in 2023, driven by economic adjustments and increased industrial demand. The five-year CAGR stands at 1.94%, indicating steady, albeit slow, improvement.
Future trends to watch for:
- Impact of regulatory changes and environmental policies on diesel truck usage.
- Increasing adoption of alternative fuel vehicles which might influence the diesel segment.
- Evolving infrastructure projects in Guatemala that may drive demand for heavy trucks.
- Potential supply chain disruptions which could affect market dynamics.
How does Guatemala rank in Diesel Trucks (Weighing 5-20 Tonnes) Market Size Value?
| # | 22 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 35,532,000,000 | 2023 | +1.2% | +1.53% | View data |
| 2 | 2 France | 5,648,000,000 | 2023 | +2.03% | +2.65% | View data |
| 3 | 3 Italy | 3,427,300,000 | 2023 | +1.75% | +1.73% | View data |
| 4 | 4 Germany | 2,457,600,000 | 2023 | -3.76% | -3.63% | View data |
| 5 | 5 Australia | 2,171,900,000 | 2023 | -0.058% | -1.62% | View data |
| 8 | 8 Denmark | 425,710,000 | 2023 | -0.77% | -1% | View data |
| 9 | 9 Switzerland | 414,230,000 | 2023 | +0.23% | -0.25% | View data |
| 10 | 10 Guatemala | 406,550,000 | 2023 | +4.95% | +1.94% | |
| 11 | 11 Finland | 397,690,000 | 2023 | -2.16% | -0.32% | View data |
| 12 | 12 Sweden | 388,850,000 | 2023 | -3.33% | -4.09% | View data |
