| Product Code: ETC5872903 | 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 |
Guyana`s light duty vehicle import shipments in 2024 saw significant growth, with top exporting countries including the USA, China, Canada, French Guiana, and Japan. The industry exhibited a high market concentration, as indicated by the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 15.95%, with a notable growth rate of 31.19% from 2023 to 2024. These statistics point towards a thriving market for light duty vehicle imports in Guyana, driven by strong partnerships with key exporting nations.

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 Guyana Light Duty Vehicle Market Overview |
3.1 Guyana Country Macro Economic Indicators |
3.2 Guyana Light Duty Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Guyana Light Duty Vehicle Market - Industry Life Cycle |
3.4 Guyana Light Duty Vehicle Market - Porter's Five Forces |
3.5 Guyana Light Duty Vehicle Market Revenues & Volume Share, By Transmission Type, 2021 & 2031F |
3.6 Guyana Light Duty Vehicle Market Revenues & Volume Share, By Turbocharger, 2021 & 2031F |
4 Guyana Light Duty Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Economic growth in Guyana leading to increased disposable income |
4.2.2 Infrastructure development and road network expansion |
4.2.3 Government incentives for vehicle purchases |
4.3 Market Restraints |
4.3.1 High import duties and taxes on vehicles |
4.3.2 Limited financing options for vehicle purchases |
4.3.3 Volatility in fuel prices |
5 Guyana Light Duty Vehicle Market Trends |
6 Guyana Light Duty Vehicle Market Segmentations |
6.1 Guyana Light Duty Vehicle Market, By Transmission Type |
6.1.1 Overview and Analysis |
6.1.2 Guyana Light Duty Vehicle Market Revenues & Volume, By Automatic transmission (AT), 2021-2031F |
6.1.3 Guyana Light Duty Vehicle Market Revenues & Volume, By Continuous variable transmission (CVT), 2021-2031F |
6.1.4 Guyana Light Duty Vehicle Market Revenues & Volume, By Manual transmission (MT), 2021-2031F |
6.2 Guyana Light Duty Vehicle Market, By Turbocharger |
6.2.1 Overview and Analysis |
6.2.2 Guyana Light Duty Vehicle Market Revenues & Volume, By Gasoline Turbocharged, 2021-2031F |
6.2.3 Guyana Light Duty Vehicle Market Revenues & Volume, By Diesel Turbocharged, 2021-2031F |
7 Guyana Light Duty Vehicle Market Import-Export Trade Statistics |
7.1 Guyana Light Duty Vehicle Market Export to Major Countries |
7.2 Guyana Light Duty Vehicle Market Imports from Major Countries |
8 Guyana Light Duty Vehicle Market Key Performance Indicators |
8.1 Average age of vehicles on the road in Guyana |
8.2 Number of new vehicle registrations |
8.3 Average distance traveled by light duty vehicles in Guyana per year |
9 Guyana Light Duty Vehicle Market - Opportunity Assessment |
9.1 Guyana Light Duty Vehicle Market Opportunity Assessment, By Transmission Type, 2021 & 2031F |
9.2 Guyana Light Duty Vehicle Market Opportunity Assessment, By Turbocharger, 2021 & 2031F |
10 Guyana Light Duty Vehicle Market - Competitive Landscape |
10.1 Guyana Light Duty Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Guyana Light Duty Vehicle 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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