Product Code: ETC5063883 | Publication Date: Nov 2023 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Guyana`s recreational boat market is growing steadily, driven by increased disposable income and interest in outdoor leisure activities. The market is primarily concentrated around the countrys extensive river systems and coastal areas, which are ideal for boating. Challenges include high import duties on boats and accessories, which can increase costs for consumers, and a lack of infrastructure, such as marinas and maintenance services, to support recreational boating activities.
The recreational boat market in Guyana is influenced by increasing disposable incomes and a growing interest in leisure activities such as fishing, water sports, and tourism. The country`s extensive river network and coastline further bolster demand, offering ample opportunities for recreational boating. Rising awareness of eco-friendly boating solutions also shapes consumer preferences, driving innovation in this market.
The recreational boat market in Guyana faces challenges related to the high upfront costs of boats, which can be a barrier for many potential buyers. Maintenance costs, including repairs and storage, are also factors that hinder widespread adoption. Moreover, the limited availability of specialized marine infrastructure such as marinas and service centers further restricts market growth.
The government of Guyana encourages tourism and outdoor activities, which positively impacts the recreational boat market. However, regulatory policies regarding the import of boats and boating accessories can make the market more challenging due to high import duties and taxes. The government could provide incentives or subsidies for domestic production of recreational boats or for the development of infrastructure such as marinas, which would help the market grow. Additionally, safety regulations, including licensing and registration requirements for boats, are important aspects of government policy.
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 Recreational Boat Market Overview |
3.1 Guyana Country Macro Economic Indicators |
3.2 Guyana Recreational Boat Market Revenues & Volume, 2021 & 2031F |
3.3 Guyana Recreational Boat Market - Industry Life Cycle |
3.4 Guyana Recreational Boat Market - Porter's Five Forces |
3.5 Guyana Recreational Boat Market Revenues & Volume Share, By Boat Type, 2021 & 2031F |
3.6 Guyana Recreational Boat Market Revenues & Volume Share, By Boat Size, 2021 & 2031F |
3.7 Guyana Recreational Boat Market Revenues & Volume Share, By Engine Placement, 2021 & 2031F |
3.8 Guyana Recreational Boat Market Revenues & Volume Share, By Engine Type, 2021 & 2031F |
3.9 Guyana Recreational Boat Market Revenues & Volume Share, By Power Range, 2021 & 2031F |
3.10 Guyana Recreational Boat Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.11 Guyana Recreational Boat Market Revenues & Volume Share, By Activity Type, 2021 & 2031F |
4 Guyana Recreational Boat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Guyana |
4.2.2 Growth in tourism industry leading to higher demand for recreational activities |
4.2.3 Rising popularity of water sports and leisure activities in Guyana |
4.3 Market Restraints |
4.3.1 High import duties and taxes on recreational boats in Guyana |
4.3.2 Limited infrastructure for recreational boating in certain regions of Guyana |
5 Guyana Recreational Boat Market Trends |
6 Guyana Recreational Boat Market Segmentations |
6.1 Guyana Recreational Boat Market, By Boat Type |
6.1.1 Overview and Analysis |
6.1.2 Guyana Recreational Boat Market Revenues & Volume, By Yachts, 2021-2031F |
6.1.3 Guyana Recreational Boat Market Revenues & Volume, By Sailboats, 2021-2031F |
6.1.4 Guyana Recreational Boat Market Revenues & Volume, By Personal Watercrafts, 2021-2031F | 6.1.6 Guyana Recreational Boat Market Revenues & Volume, By Inflatables, 2021-2031F |
6.1.6 Guyana Recreational Boat Market Revenues & Volume, By Others, 2021-2031F |
6.2 Guyana Recreational Boat Market, By Boat Size |
6.2.1 Overview and Analysis |
6.2.2 Guyana Recreational Boat Market Revenues & Volume, By <30 Feet, 2021-2031F |
6.2.3 Guyana Recreational Boat Market Revenues & Volume, By 30-50 Feet, 2021-2031F |
6.2.4 Guyana Recreational Boat Market Revenues & Volume, By >50 Feet, 2021-2031F |
6.3 Guyana Recreational Boat Market, By Engine Placement |
6.3.1 Overview and Analysis |
6.3.2 Guyana Recreational Boat Market Revenues & Volume, By Outboards, 2021-2031F |
6.3.3 Guyana Recreational Boat Market Revenues & Volume, By Inboards, 2021-2031F |
6.3.4 Guyana Recreational Boat Market Revenues & Volume, By Others, 2021-2031F |
6.4 Guyana Recreational Boat Market, By Engine Type |
6.4.1 Overview and Analysis |
6.4.2 Guyana Recreational Boat Market Revenues & Volume, By Ice, 2021-2031F |
6.4.3 Guyana Recreational Boat Market Revenues & Volume, By Electric, 2021-2031F |
6.5 Guyana Recreational Boat Market, By Power Range |
6.5.1 Overview and Analysis |
6.5.2 Guyana Recreational Boat Market Revenues & Volume, By Up To 100 Kw, 2021-2031F |
6.5.3 Guyana Recreational Boat Market Revenues & Volume, By 100-200 Kw, 2021-2031F |
6.5.4 Guyana Recreational Boat Market Revenues & Volume, By Above 200 Kw, 2021-2031F |
6.6 Guyana Recreational Boat Market, By Material Type |
6.6.1 Overview and Analysis |
6.6.2 Guyana Recreational Boat Market Revenues & Volume, By Aluminum, 2021-2031F |
6.6.3 Guyana Recreational Boat Market Revenues & Volume, By Fiberglass, 2021-2031F |
6.6.4 Guyana Recreational Boat Market Revenues & Volume, By Steel, 2021-2031F |
6.6.5 Guyana Recreational Boat Market Revenues & Volume, By Others, 2021-2031F |
6.7 Guyana Recreational Boat Market, By Activity Type |
6.7.1 Overview and Analysis |
6.7.2 Guyana Recreational Boat Market Revenues & Volume, By Cruising+watersports, 2021-2031F |
6.7.3 Guyana Recreational Boat Market Revenues & Volume, By Fishing, 2021-2031F |
6.8 Guyana Recreational Boat Market, By Power Source |
6.8.1 Overview and Analysis |
6.8.2 Guyana Recreational Boat Market Revenues & Volume, By Engine Powered, 2021-2031F |
6.8.3 Guyana Recreational Boat Market Revenues & Volume, By Sail Powered, 2021-2031F |
6.8.4 Guyana Recreational Boat Market Revenues & Volume, By , 2021-2031F |
7 Guyana Recreational Boat Market Import-Export Trade Statistics |
7.1 Guyana Recreational Boat Market Export to Major Countries |
7.2 Guyana Recreational Boat Market Imports from Major Countries |
8 Guyana Recreational Boat Market Key Performance Indicators |
8.1 Average number of recreational boating events organized annually in Guyana |
8.2 Percentage of households in Guyana participating in recreational boating activities |
8.3 Number of marinas and boat rental facilities in key regions of Guyana |
9 Guyana Recreational Boat Market - Opportunity Assessment |
9.1 Guyana Recreational Boat Market Opportunity Assessment, By Boat Type, 2021 & 2031F |
9.2 Guyana Recreational Boat Market Opportunity Assessment, By Boat Size, 2021 & 2031F |
9.3 Guyana Recreational Boat Market Opportunity Assessment, By Engine Placement, 2021 & 2031F |
9.4 Guyana Recreational Boat Market Opportunity Assessment, By Engine Type, 2021 & 2031F |
9.5 Guyana Recreational Boat Market Opportunity Assessment, By Power Range, 2021 & 2031F |
9.6 Guyana Recreational Boat Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.7 Guyana Recreational Boat Market Opportunity Assessment, By Activity Type, 2021 & 2031F |
9.7 Guyana Recreational Boat Market Opportunity Assessment, By Power Source, 2021 & 2031F |
10 Guyana Recreational Boat Market - Competitive Landscape |
10.1 Guyana Recreational Boat Market Revenue Share, By Companies, 2024 |
10.2 Guyana Recreational Boat Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |