The Bicycles and Motorcycles Parts and Accessories Market in Guatemala has shown a steady growth pattern in value per capita from 2013 to 2023. As of 2023, the market stood at $9.12 per capita, demonstrating a continued upward trajectory. Over the last two years, the market experienced annual growth rates of 2.47% from 2021 to 2022, and 2.36% from 2022 to 2023. The compound annual growth rate (CAGR) over the past five years, from 2018 to 2023, was approximately 1.35%, indicating modest yet consistent growth.
Future trends to watch include:
- Increased urbanization and lifestyle changes driving more demand for personalized and mobility-related accessories.
- Technological advancements in sustainable and smart biking and motorcycling solutions.
- Potential economic influences impacting consumer spending capacity.
| # | 34 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 80.88 | 2023 | View data | ||
| 2 | 2 Italy | 73.33 | 2023 | View data | ||
| 3 | 3 Denmark | 57.35 | 2023 | View data | ||
| 4 | 4 France | 52.93 | 2023 | View data | ||
| 5 | 5 Spain | 49.26 | 2023 | View data | ||
| 21 | 21 Costa Rica | 9.27 | 2023 | View data | ||
| 22 | 22 Peru | 9.26 | 2023 | View data | ||
| 23 | 23 Guatemala | 9.12 | 2023 | |||
| 24 | 24 Paraguay | 8.02 | 2023 | View data | ||
| 25 | 25 Ecuador | 7.51 | 2023 | View data | ||
