The Bicycles and Motorcycles Parts and Accessories Market in Guatemala has seen significant growth from 2013 to 2023, increasing from $84.123 million to $166.83 million. The market exhibited strong year-on-year growth rates, peaking in 2015 with a 16.33% increase, followed by a slight decline in 2018 and 2019. Recovery began in 2020, with subsequent steady growth leading to the 2023 value. The Compound Annual Growth Rate (CAGR) shows average annual growth of 3.68% over the past five years.
Future trends to watch for:
- Continuation of steady growth driven by increased demand for sustainable transportation options.
- Technological advancements and innovation in parts and accessories.
- Potential market disruptions from economic fluctuations or global supply chain challenges.
| # | 34 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 19,036,000,000 | 2023 | +3.17% | +3.84% | View data |
| 2 | 2 Japan | 5,033,800,000 | 2023 | -4.63% | -4.83% | View data |
| 3 | 3 Italy | 4,449,600,000 | 2023 | +0.34% | +0.61% | View data |
| 4 | 4 India | 3,932,600,000 | 2023 | +2.22% | +2.55% | View data |
| 5 | 5 France | 3,497,300,000 | 2023 | +2.42% | +1.52% | View data |
| 18 | 18 Greece | 218,070,000 | 2023 | +5.05% | +6.71% | View data |
| 19 | 19 New Zealand | 191,210,000 | 2023 | +3.28% | +3.37% | View data |
| 20 | 20 Guatemala | 166,830,000 | 2023 | +5.09% | +3.68% | |
| 21 | 21 Ecuador | 130,240,000 | 2023 | +2.98% | +3.83% | View data |
| 22 | 22 Slovakia | 129,510,000 | 2023 | +5.34% | +7.19% | View data |
