The market size value per capita for motor vehicle bumpers and parts in Guatemala has shown a general upward trend from 2013 to 2023, peaking at $2.41 in 2023. The period between 2013 and 2017 saw rapid growth, followed by moderate increases with a slight dip in 2020. Comparing 2023 to 2022 reveals a year-on-year growth of 8.6%, while the 5-year Compound Annual Growth Rate (CAGR) from 2019 to 2023 is approximately 3.6%.
Future trends to watch include the potential impact of increased vehicle ownership and economic growth in Guatemala, along with technological advancements in vehicle safety and aesthetics that may drive demand for more innovative bumper designs and materials.
How does Guatemala rank in Motor Vehicle Bumpers and Motor Vehicle Bumper Parts Market Size Value Per Capita?
| # | 34 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 50.6 | 2023 | View data | ||
| 2 | 2 Austria | 35.45 | 2023 | View data | ||
| 3 | 3 Australia | 32.71 | 2023 | View data | ||
| 4 | 4 Germany | 32.38 | 2023 | View data | ||
| 5 | 5 Norway | 29.95 | 2023 | View data | ||
| 25 | 25 South Africa | 3.9 | 2023 | View data | ||
| 26 | 26 Ecuador | 2.98 | 2023 | View data | ||
| 27 | 27 Guatemala | 2.41 | 2023 | |||
| 28 | 28 Brazil | 2.17 | 2023 | View data | ||
| 29 | 29 Bosnia and Herzegovina | 2.08 | 2023 | View data | ||
