| Product Code: ETC5031031 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Guatemala armored vehicle import market continues to thrive in 2024, with major shipments arriving from top exporting countries such as Mexico, USA, Italy, China, and Brazil. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market structure, suggesting a significant level of market dominance by key players. The impressive compound annual growth rate (CAGR) of 56.44% from 2020 to 2024 underscores the robust expansion of the industry. Moreover, the notable growth rate of 37.0% from 2023 to 2024 highlights the sustained momentum in the market, positioning Guatemala as a key destination for armored vehicle imports.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Guatemala Armored Vehicle Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Armored Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Armored Vehicle Market - Industry Life Cycle |
3.4 Guatemala Armored Vehicle Market - Porter's Five Forces |
3.5 Guatemala Armored Vehicle Market Revenues & Volume Share, By Platform, 2021 & 2031F |
3.6 Guatemala Armored Vehicle Market Revenues & Volume Share, By Mobility, 2021 & 2031F |
3.7 Guatemala Armored Vehicle Market Revenues & Volume Share, By System, 2021 & 2031F |
4 Guatemala Armored Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing security concerns and crime rates in Guatemala |
4.2.2 Growth in government spending on defense and law enforcement |
4.2.3 Rise in demand for armored vehicles for VIP protection and cash-in-transit services |
4.3 Market Restraints |
4.3.1 High initial cost of armored vehicles |
4.3.2 Limited technological advancements in the local armored vehicle industry |
4.3.3 Stringent regulatory requirements for armored vehicle manufacturers and operators in Guatemala |
5 Guatemala Armored Vehicle Market Trends |
6 Guatemala Armored Vehicle Market Segmentations |
6.1 Guatemala Armored Vehicle Market, By Platform |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Armored Vehicle Market Revenues & Volume, By Combat Vehicles, 2021-2031F |
6.1.3 Guatemala Armored Vehicle Market Revenues & Volume, By Combat Support Vehicles, 2021-2031F |
6.1.4 Guatemala Armored Vehicle Market Revenues & Volume, By Unmanned Armored Ground Vehicles, 2021-2031F |
6.2 Guatemala Armored Vehicle Market, By Mobility |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Armored Vehicle Market Revenues & Volume, By Wheeled, 2021-2031F |
6.2.3 Guatemala Armored Vehicle Market Revenues & Volume, By Tracked, 2021-2031F |
6.3 Guatemala Armored Vehicle Market, By System |
6.3.1 Overview and Analysis |
6.3.2 Guatemala Armored Vehicle Market Revenues & Volume, By Engine, 2021-2031F |
6.3.3 Guatemala Armored Vehicle Market Revenues & Volume, By Drive System, 2021-2031F |
6.3.4 Guatemala Armored Vehicle Market Revenues & Volume, By Ballistic Armor, 2021-2031F |
6.3.5 Guatemala Armored Vehicle Market Revenues & Volume, By Turret Drives, 2021-2031F |
6.3.6 Guatemala Armored Vehicle Market Revenues & Volume, By Ammunition Handling System, 2021-2031F |
6.3.7 Guatemala Armored Vehicle Market Revenues & Volume, By Fire Control Systems (FCS), 2021-2031F |
6.3.8 Guatemala Armored Vehicle Market Revenues & Volume, By Countermeasure System, 2021-2031F |
6.3.9 Guatemala Armored Vehicle Market Revenues & Volume, By Countermeasure System, 2021-2031F |
7 Guatemala Armored Vehicle Market Import-Export Trade Statistics |
7.1 Guatemala Armored Vehicle Market Export to Major Countries |
7.2 Guatemala Armored Vehicle Market Imports from Major Countries |
8 Guatemala Armored Vehicle Market Key Performance Indicators |
8.1 Average annual growth rate of the defense budget in Guatemala |
8.2 Number of reported security incidents in the country |
8.3 Percentage of GDP allocated to defense and security spending in Guatemala |
9 Guatemala Armored Vehicle Market - Opportunity Assessment |
9.1 Guatemala Armored Vehicle Market Opportunity Assessment, By Platform, 2021 & 2031F |
9.2 Guatemala Armored Vehicle Market Opportunity Assessment, By Mobility, 2021 & 2031F |
9.3 Guatemala Armored Vehicle Market Opportunity Assessment, By System, 2021 & 2031F |
10 Guatemala Armored Vehicle Market - Competitive Landscape |
10.1 Guatemala Armored Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Armored Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |