| Product Code: ETC12060839 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Guatemala continued to see significant imports of bulletproof vests, with top exporting countries being Mexico, Turkey, China, USA, and Vietnam. The market exhibited high concentration levels, as indicated by the HHI, which remained elevated from 2023 to 2024. Despite a notable CAGR of 24.87% from 2020 to 2024, there was a sudden decline in growth rate from 2023 to 2024 at -17.94%. This fluctuation may suggest evolving market dynamics or potential shifts in demand within the bulletproof vests industry in Guatemala.

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 Bulletproof Vests Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Bulletproof Vests Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Bulletproof Vests Market - Industry Life Cycle |
3.4 Guatemala Bulletproof Vests Market - Porter's Five Forces |
3.5 Guatemala Bulletproof Vests Market Revenues & Volume Share, By Protection Level, 2021 & 2031F |
3.6 Guatemala Bulletproof Vests Market Revenues & Volume Share, By Material Used, 2021 & 2031F |
3.7 Guatemala Bulletproof Vests Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Guatemala Bulletproof Vests Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing crime rates in Guatemala leading to higher demand for bulletproof vests |
4.2.2 Growing awareness about personal safety and security concerns among individuals and organizations |
4.2.3 Rising investments in law enforcement and military sectors driving the demand for bulletproof vests |
4.3 Market Restraints |
4.3.1 High costs associated with bulletproof vests limiting affordability for some segments of the population |
4.3.2 Limited technological advancements in the local manufacturing of bulletproof vests affecting product quality and competitiveness |
5 Guatemala Bulletproof Vests Market Trends |
6 Guatemala Bulletproof Vests Market, By Types |
6.1 Guatemala Bulletproof Vests Market, By Protection Level |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Bulletproof Vests Market Revenues & Volume, By Protection Level, 2021 - 2031F |
6.1.3 Guatemala Bulletproof Vests Market Revenues & Volume, By Level I (Soft Armor), 2021 - 2031F |
6.1.4 Guatemala Bulletproof Vests Market Revenues & Volume, By Level II (Concealable Vests), 2021 - 2031F |
6.1.5 Guatemala Bulletproof Vests Market Revenues & Volume, By Level III (Hard Armor), 2021 - 2031F |
6.1.6 Guatemala Bulletproof Vests Market Revenues & Volume, By Level IV (Armor-Piercing Protection), 2021 - 2031F |
6.1.7 Guatemala Bulletproof Vests Market Revenues & Volume, By Tactical & Modular Vests, 2021 - 2031F |
6.2 Guatemala Bulletproof Vests Market, By Material Used |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Bulletproof Vests Market Revenues & Volume, By Kevlar, 2021 - 2031F |
6.2.3 Guatemala Bulletproof Vests Market Revenues & Volume, By UHMWPE, 2021 - 2031F |
6.2.4 Guatemala Bulletproof Vests Market Revenues & Volume, By Ceramic & Composite Plates, 2021 - 2031F |
6.2.5 Guatemala Bulletproof Vests Market Revenues & Volume, By Steel & Titanium Plates, 2021 - 2031F |
6.2.6 Guatemala Bulletproof Vests Market Revenues & Volume, By Lightweight & Customizable, 2021 - 2031F |
6.2.7 Guatemala Bulletproof Vests Market Revenues & Volume, By Twaron, 2021 - 2029F |
6.3 Guatemala Bulletproof Vests Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Guatemala Bulletproof Vests Market Revenues & Volume, By Law Enforcement, 2021 - 2031F |
6.3.3 Guatemala Bulletproof Vests Market Revenues & Volume, By Military Personnel, 2021 - 2031F |
6.3.4 Guatemala Bulletproof Vests Market Revenues & Volume, By Security Forces, 2021 - 2031F |
6.3.5 Guatemala Bulletproof Vests Market Revenues & Volume, By Special Operations, 2021 - 2031F |
6.3.6 Guatemala Bulletproof Vests Market Revenues & Volume, By Private Security, 2021 - 2031F |
7 Guatemala Bulletproof Vests Market Import-Export Trade Statistics |
7.1 Guatemala Bulletproof Vests Market Export to Major Countries |
7.2 Guatemala Bulletproof Vests Market Imports from Major Countries |
8 Guatemala Bulletproof Vests Market Key Performance Indicators |
8.1 Number of reported violent crimes in Guatemala |
8.2 Percentage of budget allocated to security and defense sectors by the government |
8.3 Number of bulletproof vest manufacturers operating in Guatemala |
9 Guatemala Bulletproof Vests Market - Opportunity Assessment |
9.1 Guatemala Bulletproof Vests Market Opportunity Assessment, By Protection Level, 2021 & 2031F |
9.2 Guatemala Bulletproof Vests Market Opportunity Assessment, By Material Used, 2021 & 2031F |
9.3 Guatemala Bulletproof Vests Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Guatemala Bulletproof Vests Market - Competitive Landscape |
10.1 Guatemala Bulletproof Vests Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Bulletproof Vests 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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