| Product Code: ETC5892984 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada saw a significant increase in automotive bearing import shipments, with top exporting countries being the USA, UK, Japan, China, and UAE. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a strong compound annual growth rate (CAGR) of 16.61% from 2020 to 2024, there was a slight decline in the growth rate from 2023 to 2024 at -13.15%. This data suggests a dynamic market with potential shifts in supplier dominance and market conditions that importers in Grenada should monitor closely.
The Automotive Bearing market in Grenada is projected to grow at a stable growth rate of 1.52% by 2027, within the North America region led by United States of America, along with other countries like Canada, Trinidad and Tobago, Jamaica and Bahamas, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Grenada Automotive Bearing Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Automotive Bearing Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Automotive Bearing Market - Industry Life Cycle |
3.4 Grenada Automotive Bearing Market - Porter's Five Forces |
3.5 Grenada Automotive Bearing Market Revenues & Volume Share, By Bearing Type, 2021 & 2031F |
3.6 Grenada Automotive Bearing Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 Grenada Automotive Bearing Market Revenues & Volume Share, By Aftermarket, 2021 & 2031F |
3.8 Grenada Automotive Bearing Market Revenues & Volume Share, By , 2021 & 2031F |
4 Grenada Automotive Bearing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles leading to higher adoption of advanced automotive bearings |
4.2.2 Growing automotive production in Grenada driving the demand for automotive bearings |
4.2.3 Technological advancements in automotive bearings leading to improved performance and durability |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production for automotive bearings |
4.3.2 Intense competition among automotive bearing manufacturers leading to pricing pressures |
4.3.3 Impact of global economic conditions on the automotive industry affecting the demand for automotive bearings |
5 Grenada Automotive Bearing Market Trends |
6 Grenada Automotive Bearing Market Segmentations |
6.1 Grenada Automotive Bearing Market, By Bearing Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Automotive Bearing Market Revenues & Volume, By Ball bearing, 2021-2031F |
6.1.3 Grenada Automotive Bearing Market Revenues & Volume, By Roller bearing , 2021-2031F |
6.1.4 Grenada Automotive Bearing Market Revenues & Volume, By others, 2021-2031F |
6.2 Grenada Automotive Bearing Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Automotive Bearing Market Revenues & Volume, By PC, 2021-2031F |
6.2.3 Grenada Automotive Bearing Market Revenues & Volume, By LCV, 2021-2031F |
6.2.4 Grenada Automotive Bearing Market Revenues & Volume, By HCV , 2021-2031F |
6.2.5 Grenada Automotive Bearing Market Revenues & Volume, By Two-wheelers, 2021-2031F |
6.3 Grenada Automotive Bearing Market, By Aftermarket |
6.3.1 Overview and Analysis |
6.3.2 Grenada Automotive Bearing Market Revenues & Volume, By Vehicle Type, 2021-2031F |
6.3.3 Grenada Automotive Bearing Market Revenues & Volume, By Application, 2021-2031F |
6.4 Grenada Automotive Bearing Market, By |
6.4.1 Overview and Analysis |
7 Grenada Automotive Bearing Market Import-Export Trade Statistics |
7.1 Grenada Automotive Bearing Market Export to Major Countries |
7.2 Grenada Automotive Bearing Market Imports from Major Countries |
8 Grenada Automotive Bearing Market Key Performance Indicators |
8.1 Average lifespan of automotive bearings in Grenada market |
8.2 Adoption rate of advanced automotive bearing technologies in Grenada |
8.3 Number of new automotive models launched in Grenada using specialized bearings |
8.4 Customer satisfaction levels with automotive bearings in Grenada |
8.5 Percentage of automotive manufacturers in Grenada using locally sourced bearings |
9 Grenada Automotive Bearing Market - Opportunity Assessment |
9.1 Grenada Automotive Bearing Market Opportunity Assessment, By Bearing Type, 2021 & 2031F |
9.2 Grenada Automotive Bearing Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 Grenada Automotive Bearing Market Opportunity Assessment, By Aftermarket, 2021 & 2031F |
9.4 Grenada Automotive Bearing Market Opportunity Assessment, By , 2021 & 2031F |
10 Grenada Automotive Bearing Market - Competitive Landscape |
10.1 Grenada Automotive Bearing Market Revenue Share, By Companies, 2024 |
10.2 Grenada Automotive Bearing 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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