The Diesel Automotive market in Guatemala for engines over 1500cc and 2500cc showed fluctuating growth from 2013 to 2023. As of 2023, the market size stood at 171.52 million USD. Over the last two years, growth rates steadied with a 1.74% year-on-year increase in 2023. The past five-year CAGR was 1.54%, indicating modest average growth. Significant fluctuations were observed in previous years, with notable dips in 2016 and 2020 followed by recovery periods.
Future trends to watch for include:
- Potential impact of environmental regulations on diesel engine sales.
- Growth of electric and hybrid technology as a potential replacement.
- Economic factors in Guatemala affecting consumer purchasing power.
- Advancements in diesel engine efficiency and technology.
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