Spark Ignition Engine Automotive (With Engine Between 1500 and 3000cc) Market Size Value Per Capita in Guyana

In 2023, the Spark Ignition Engine Automotive market size, with engines between 1500 and 3000cc in Guyana, reached a value of $70.8 per capita. This reflects a consistent upward trend from 2013, despite minor fluctuations, such as a dip in 2020. The noteworthy year-on-year growth of approximately 4.6% in 2023 follows an increase of around 4.86% in 2022. Over the last five years, the market demonstrated a Compound Annual Growth Rate (CAGR) of about 4.57%, indicating robust expansion.

Looking ahead to future trends, watch for influences from increased oil revenues in Guyana, impacting automotive demand and sustainability practices, potentially altering consumer preferences towards more efficient engines or alternative vehicles.