Key Market Indicators
Guyanese Commercial Vehicle Registration is projected to maintain its current level, reaching approximately 1,360 units by 2028, a negligible increase from the 1,360 units reported in 2023. This reflects a compound annual growth rate (CAGR) of just 0.1%. Since 2010, the Guyanese market has experienced a decline, with an average yearly decrease of 2.2%. In 2023, Guyana was ranked 102nd globally in terms of commercial vehicle registrations. Cameroon, with the same number of units, was ranked just ahead of Guyana. In the broader context, Canada, Mexico, and Argentina secured the 2nd, 3rd, and 4th positions respectively in this global ranking for commercial vehicle registrations.
