| Product Code: ETC5084630 | 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 continues to be a prominent market for bicycle imports, with key exporters including China, USA, Taiwan, Spain, and Vietnam in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, with a steady Compound Annual Growth Rate (CAGR) of 9.24% from 2020 to 2024. The growth rate of 8.18% in 2024 demonstrates sustained demand for bicycles in Guatemala, making it an attractive market for international suppliers.

By 2027, the Bicycles market in Guatemala is anticipated to reach a growth rate of 6.44%, as part of an increasingly competitive Latin America region, where Brazil remains at the forefront, supported by Mexico, Argentina, Colombia and Chile, driving innovations and market adoption across sectors.

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 Bicycles Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Bicycles Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Bicycles Market - Industry Life Cycle |
3.4 Guatemala Bicycles Market - Porter's Five Forces |
3.5 Guatemala Bicycles Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Guatemala Bicycles Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Guatemala Bicycles Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Guatemala Bicycles 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 bike-sharing programs. |
4.2.3 Rising disposable income leading to higher spending on recreational activities like cycling. |
4.3 Market Restraints |
4.3.1 Poor road infrastructure and lack of dedicated bike lanes. |
4.3.2 High import tariffs on bicycles and components, leading to increased prices for consumers. |
5 Guatemala Bicycles Market Trends |
6 Guatemala Bicycles Market Segmentations |
6.1 Guatemala Bicycles Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Bicycles Market Revenues & Volume, By Mountain, 2021-2031F |
6.1.3 Guatemala Bicycles Market Revenues & Volume, By Hybrid, 2021-2031F |
6.1.4 Guatemala Bicycles Market Revenues & Volume, By Road, 2021-2031F |
6.1.5 Guatemala Bicycles Market Revenues & Volume, By Others, 2021-2031F |
6.2 Guatemala Bicycles Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Bicycles Market Revenues & Volume, By Electric, 2021-2031F |
6.2.3 Guatemala Bicycles Market Revenues & Volume, By Conventional, 2021-2031F |
6.3 Guatemala Bicycles Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Guatemala Bicycles Market Revenues & Volume, By Men, 2021-2031F |
6.3.3 Guatemala Bicycles Market Revenues & Volume, By Women, 2021-2031F |
6.3.4 Guatemala Bicycles Market Revenues & Volume, By Kids, 2021-2031F |
7 Guatemala Bicycles Market Import-Export Trade Statistics |
7.1 Guatemala Bicycles Market Export to Major Countries |
7.2 Guatemala Bicycles Market Imports from Major Countries |
8 Guatemala Bicycles Market Key Performance Indicators |
8.1 Number of bicycle lanes and cycling infrastructure projects implemented. |
8.2 Percentage increase in bicycle imports. |
8.3 Participation rates in cycling events and competitions. |
8.4 Number of bike-sharing program users. |
8.5 Percentage of disposable income spent on recreational activities like cycling. |
9 Guatemala Bicycles Market - Opportunity Assessment |
9.1 Guatemala Bicycles Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Guatemala Bicycles Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Guatemala Bicycles Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Guatemala Bicycles Market - Competitive Landscape |
10.1 Guatemala Bicycles Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Bicycles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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