Guyana Taxi Market is projected to grow at a CAGR of 7.8% from 2025-2031F

ICE vehicles segment by Propulsion Type held the highest revenue share in Guyana Taxi Market -6Wresearch

ICE vehicles account for the largest share of Guyana taxi market revenues, driven by their established dominance, widespread availability, refueling convenience and suitability for long operating hours, allowing ICE to retain a commanding share through the forecast period. However, hybrid taxis are gradually gaining traction, supported by lower operating costs, improving charging infrastructure and growing awareness around fuel savings and emissions reduction, with hybrids in particular showing faster growth as a transition solution while electric adoption remains at a nascent but steadily expanding stage.

According to 6Wresearch, Guyana Taxi Market is projected to grow at a CAGR of 7.8% from 2025-2031F. The Guyana taxi market is being structurally driven by accelerating tourism activity, large-scale private investment in hospitality and retail infrastructure, and rising vehicle imports. Tourism sector revenue in 2024 is estimated high, supported by a strong pipeline of capital deployment including hotel investments, lodges, resorts, local airlines, and mall developments, significantly boosting domestic and visitor mobility demand.

This expansion is reinforced by vehicle supply dynamics, as more worth of cars were imported in 2023, making passenger vehicles the most imported product in the country, clearly indicating rising fleet deployment for both personal and commercial transport. Together, tourism, hospitality-led urban activity, and sustained vehicle inflows are directly converting into higher utilisation and fleet growth for taxi services across Guyana.

According to Sumit, Senior Research Analyst, 6Wresearch, Sedans generate the highest share of taxi revenues in Guyana due to their lower running costs, strong fuel efficiency, and suitability for high-frequency urban and short-distance trips. Their lower total cost of ownership and wide availability of parts make them the preferred choice for owner-operators, a pattern expected to remain stable over the forecast period.

Guyana Taxi Market (2025-2031) report provides an in-depth analysis with 16 figures and 8 tables, covered in 68 pages. The report thoroughly covers the market by Type, by Propulsion Type, and by Application. The Guyana Taxi Market outlook report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.