| Product Code: ETC4929153 | 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 |
Guatemala`s bicycle import market continued to thrive in 2024, with top exporting countries such as China, USA, and Taiwan dominating the industry. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market landscape, while the impressive Compound Annual Growth Rate (CAGR) of 9.24% from 2020-2024 reflects sustained expansion. Furthermore, the growth rate of 8.18% from 2023-2024 signals continued momentum in the market, presenting opportunities for stakeholders to capitalize on the growing demand for bicycles in Guatemala.

The Bicycle market in Guatemala is projected to grow at a growing growth rate of 6.44% by 2027, within the Latin America region led by Brazil, along with other countries like Mexico, Argentina, Colombia and Chile, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Bicycle Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Bicycle Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Bicycle Market - Industry Life Cycle |
3.4 Guatemala Bicycle Market - Porter's Five Forces |
3.5 Guatemala Bicycle Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Guatemala Bicycle Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Guatemala Bicycle Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.8 Guatemala Bicycle Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Guatemala Bicycle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness of health and environmental benefits of cycling |
4.2.2 Government initiatives promoting cycling infrastructure and sustainable transportation |
4.2.3 Rising disposable income leading to higher spending on recreational activities |
4.3 Market Restraints |
4.3.1 High import tariffs on bicycles and components affecting affordability |
4.3.2 Limited availability of quality cycling infrastructure and safety concerns |
4.3.3 Competition from alternative modes of transportation such as motorcycles and cars |
5 Guatemala Bicycle Market Trends |
6 Guatemala Bicycle Market Segmentations |
6.1 Guatemala Bicycle Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Bicycle Market Revenues & Volume, By Mountain Bikes, 2021-2031F |
6.1.3 Guatemala Bicycle Market Revenues & Volume, By Hybrid Bikes, 2021-2031F |
6.1.4 Guatemala Bicycle Market Revenues & Volume, By Road Bikes, 2021-2031F |
6.1.5 Guatemala Bicycle Market Revenues & Volume, By Cargo Bikes, 2021-2031F |
6.1.6 Guatemala Bicycle Market Revenues & Volume, By Others, 2021-2031F |
6.2 Guatemala Bicycle Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Bicycle Market Revenues & Volume, By Electric, 2021-2031F |
6.2.3 Guatemala Bicycle Market Revenues & Volume, By Conventional, 2021-2031F |
6.3 Guatemala Bicycle Market, By End-user |
6.3.1 Overview and Analysis |
6.3.2 Guatemala Bicycle Market Revenues & Volume, By Men, 2021-2031F |
6.3.3 Guatemala Bicycle Market Revenues & Volume, By Women, 2021-2031F |
6.3.4 Guatemala Bicycle Market Revenues & Volume, By Kids, 2021-2031F |
6.4 Guatemala Bicycle Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Guatemala Bicycle Market Revenues & Volume, By Online, 2021-2031F |
6.4.3 Guatemala Bicycle Market Revenues & Volume, By Offline, 2021-2031F |
7 Guatemala Bicycle Market Import-Export Trade Statistics |
7.1 Guatemala Bicycle Market Export to Major Countries |
7.2 Guatemala Bicycle Market Imports from Major Countries |
8 Guatemala Bicycle Market Key Performance Indicators |
8.1 Number of cycling lanes and infrastructure projects implemented |
8.2 Percentage of population participating in cycling activities |
8.3 Average price point of bicycles in the market |
9 Guatemala Bicycle Market - Opportunity Assessment |
9.1 Guatemala Bicycle Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Guatemala Bicycle Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Guatemala Bicycle Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.4 Guatemala Bicycle Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Guatemala Bicycle Market - Competitive Landscape |
10.1 Guatemala Bicycle Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Bicycle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |