DIY market in Guatemala
The Guatemalan DIY eCommerce market is predicted to reach US$33.1 million by 2024 and accounts for 8.6% of the total eCommerce market in Guatemala. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 11.2%, resulting in a projected market volume of US$50.6 million by 2028. Within the DIY market ECDB considers the following three sub-markets: Tools & Construction Supplies, Vehicle Parts, and Garden.
Market development
eCommerce revenue development in the Vehicle Parts market in Guatemala
The Guatemalan Vehicle Parts eCommerce market is predicted to reach US$10.8 million by 2024 and accounts for 32.6% of the DIY eCommerce market in Guatemala. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 7.8%, resulting in a projected market volume of US$14.6 million by 2028. The Vehicle Parts eCommerce market is a sub-market of the DIY market. Further categories within the DIY market are: Garden, and Tools & Construction Supplies.
eCommerce revenue development in the Vehicle Parts market in Guatemala
eCommerce revenue growth in the Vehicle Parts market in Guatemala
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 99.6 | 60.7 | 91.6 | 69.0 | 94.0 | 96.3 | 79.0 | 30.5 | ||||
as of DIY (in %) | 8.3 | 8.6 | 9.1 | 10.1 | 9.8 | 9.5 | 9.7 | 10.0 | 10.2 | 10.2 | 10.3 | 10.4 |
Market definition
Definition of the Vehicle Parts market within the DIY market
Market definition: DIY > Vehicle Parts The category Vehicle Parts includes the online trade of car parts (e.g. car tires, car multimedia, spare parts), motorcycle parts and other vehicle parts (e.g boat supplies, aircraft supplies). This category does not cover vehicles (e.g. cars, motorcycles, boats), vehicle repair services or bicycle parts and supply. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Car Parts (e.g. car tires, car multimedia, spare parts)
- Motorcycle parts
- Other vehicle parts (e.g boat supplies, aircraft supplies)
Out-of-scope
- Vehicles (e.g. cars, motorcycles, boats)
- Vehicle repair services
- Bicycle parts and supply
Market comparison
The Guatemalan Vehicle Parts market in a global comparison