| Product Code: ETC5192892 | 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 import of internal combustion engines in 2024 continued to be dominated by top exporters such as the USA, Brazil, China, Canada, and France. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, with limited competition among suppliers. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, the industry experienced a notable growth spurt in 2024, with a growth rate of 18.22% from the previous year. This suggests potential shifts in market dynamics and opportunities for stakeholders to capitalize on the growing demand for internal combustion engines in Guatemala.

By 2027, Guatemala's Internal Combustion Engine market is forecasted to achieve a stable growth rate of 0.01%, with Brazil leading the Latin America region, followed by Mexico, Argentina, Colombia and Chile.

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 Internal Combustion Engine Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Internal Combustion Engine Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Internal Combustion Engine Market - Industry Life Cycle |
3.4 Guatemala Internal Combustion Engine Market - Porter's Five Forces |
3.5 Guatemala Internal Combustion Engine Market Revenues & Volume Share, By Fuel, 2021 & 2031F |
3.6 Guatemala Internal Combustion Engine Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Guatemala Internal Combustion Engine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automobiles and industrial machinery in Guatemala |
4.2.2 Growth in construction and infrastructure development projects in the country |
4.2.3 Technological advancements leading to more efficient internal combustion engines |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting manufacturing costs |
4.3.2 Stringent environmental regulations pushing for cleaner and more sustainable alternatives |
4.3.3 Competition from electric vehicles and alternative power sources |
5 Guatemala Internal Combustion Engine Market Trends |
6 Guatemala Internal Combustion Engine Market Segmentations |
6.1 Guatemala Internal Combustion Engine Market, By Fuel |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Internal Combustion Engine Market Revenues & Volume, By Petroleum, 2021-2031F |
6.1.3 Guatemala Internal Combustion Engine Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.2 Guatemala Internal Combustion Engine Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Internal Combustion Engine Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Guatemala Internal Combustion Engine Market Revenues & Volume, By Marine, 2021-2031F |
6.2.4 Guatemala Internal Combustion Engine Market Revenues & Volume, By Aircraft, 2021-2031F |
7 Guatemala Internal Combustion Engine Market Import-Export Trade Statistics |
7.1 Guatemala Internal Combustion Engine Market Export to Major Countries |
7.2 Guatemala Internal Combustion Engine Market Imports from Major Countries |
8 Guatemala Internal Combustion Engine Market Key Performance Indicators |
8.1 Average fuel efficiency of internal combustion engines in Guatemala |
8.2 Adoption rate of emission control technologies in internal combustion engines |
8.3 Investment in research and development for improving internal combustion engine performance |
9 Guatemala Internal Combustion Engine Market - Opportunity Assessment |
9.1 Guatemala Internal Combustion Engine Market Opportunity Assessment, By Fuel, 2021 & 2031F |
9.2 Guatemala Internal Combustion Engine Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Guatemala Internal Combustion Engine Market - Competitive Landscape |
10.1 Guatemala Internal Combustion Engine Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Internal Combustion Engine 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.
To discover high-growth global markets and optimize your business strategy:
Click Here