| Product Code: ETC5605838 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Guatemala`s import market for GPS tracking devices saw significant growth in 2024, with top exporting countries including China, USA, Lithuania, Taiwan, and Mexico. The industry remained concentrated, with a high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was a steady 4.43%, while the growth rate from 2023 to 2024 spiked to an impressive 21.82%. These trends indicate a robust demand for GPS tracking devices in Guatemala, driven by technological advancements and increasing awareness of the importance of location tracking solutions.
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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 GPS Tracking Device Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala GPS Tracking Device Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala GPS Tracking Device Market - Industry Life Cycle |
3.4 Guatemala GPS Tracking Device Market - Porter's Five Forces |
3.5 Guatemala GPS Tracking Device Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Guatemala GPS Tracking Device Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
3.7 Guatemala GPS Tracking Device Market Revenues & Volume Share, By Industry , 2021 & 2031F |
3.8 Guatemala GPS Tracking Device Market Revenues & Volume Share, By , 2021 & 2031F |
4 Guatemala GPS Tracking Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fleet management solutions in Guatemala |
4.2.2 Growing concerns about vehicle theft and safety |
4.2.3 Government initiatives promoting the use of GPS tracking devices in the country |
4.3 Market Restraints |
4.3.1 High initial investment cost for GPS tracking devices |
4.3.2 Lack of awareness about the benefits of GPS tracking solutions among smaller businesses in Guatemala |
5 Guatemala GPS Tracking Device Market Trends |
6 Guatemala GPS Tracking Device Market Segmentations |
6.1 Guatemala GPS Tracking Device Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Guatemala GPS Tracking Device Market Revenues & Volume, By Standalone Trackers, 2021-2031F |
6.1.3 Guatemala GPS Tracking Device Market Revenues & Volume, By OBD Devices, 2021-2031F |
6.1.4 Guatemala GPS Tracking Device Market Revenues & Volume, By Advance Trackers, 2021-2031F |
6.2 Guatemala GPS Tracking Device Market, By Deployment Type |
6.2.1 Overview and Analysis |
6.2.2 Guatemala GPS Tracking Device Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
6.2.3 Guatemala GPS Tracking Device Market Revenues & Volume, By Cargo & Container, 2021-2031F |
6.3 Guatemala GPS Tracking Device Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Guatemala GPS Tracking Device Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.3.3 Guatemala GPS Tracking Device Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 Guatemala GPS Tracking Device Market Revenues & Volume, By Government, 2021-2031F |
6.3.5 Guatemala GPS Tracking Device Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.6 Guatemala GPS Tracking Device Market Revenues & Volume, By Metals & Mining, 2021-2031F |
6.3.7 Guatemala GPS Tracking Device Market Revenues & Volume, By Others, 2021-2031F |
6.4 Guatemala GPS Tracking Device Market, By |
6.4.1 Overview and Analysis |
7 Guatemala GPS Tracking Device Market Import-Export Trade Statistics |
7.1 Guatemala GPS Tracking Device Market Export to Major Countries |
7.2 Guatemala GPS Tracking Device Market Imports from Major Countries |
8 Guatemala GPS Tracking Device Market Key Performance Indicators |
8.1 Number of new fleet management companies adopting GPS tracking solutions |
8.2 Percentage increase in the installation of GPS tracking devices in commercial vehicles |
8.3 Average reduction in vehicle theft rates in areas where GPS tracking devices are widely used |
9 Guatemala GPS Tracking Device Market - Opportunity Assessment |
9.1 Guatemala GPS Tracking Device Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Guatemala GPS Tracking Device Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
9.3 Guatemala GPS Tracking Device Market Opportunity Assessment, By Industry , 2021 & 2031F |
9.4 Guatemala GPS Tracking Device Market Opportunity Assessment, By , 2021 & 2031F |
10 Guatemala GPS Tracking Device Market - Competitive Landscape |
10.1 Guatemala GPS Tracking Device Market Revenue Share, By Companies, 2024 |
10.2 Guatemala GPS Tracking Device 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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