Grenada Electric Utility Vehicle Market (2025-2031) | Forecast, Analysis, Industry, Growth, Segmentation, Companies, Outlook, Trends, Revenue, Value, Share & Size

Name: Grenada Electric Utility Vehicle Market (2025-2031) | Analysis & Value
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Battery Type (Lead Acid, Lithium-Ion), By Drive Type (2WD, 4WD, AWD), By Propulsion (Pure Electric, Hybrid Electric) And Competitive Landscape

Product Code: ETC5871438	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

Grenada Electric Utility Vehicle Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The import shipments of electric utility vehicles in Grenada saw significant growth in 2024, with top exporting countries being Japan, China, UK, USA, and South Korea. Despite a high concentration in 2023, the Herfindahl-Hirschman Index (HHI) remained at a high level in 2024, indicating continued market dominance by key players. The impressive compound annual growth rate (CAGR) of 75.97% from 2020 to 2024 highlights the increasing demand for electric utility vehicles in Grenada. The exceptional growth rate of 277.13% from 2023 to 2024 suggests a rapidly expanding market for these eco-friendly vehicles in the country.

Key Highlights of the Report:

Grenada Electric Utility Vehicle Market Outlook
Market Size of Grenada Electric Utility Vehicle Market, 2024
Forecast of Grenada Electric Utility Vehicle Market, 2031
Historical Data and Forecast of Grenada Electric Utility Vehicle Revenues & Volume for the Period 2021-2031
Grenada Electric Utility Vehicle Market Trend Evolution
Grenada Electric Utility Vehicle Market Drivers and Challenges
Grenada Electric Utility Vehicle Price Trends
Grenada Electric Utility Vehicle Porter`s Five Forces
Grenada Electric Utility Vehicle Industry Life Cycle
Historical Data and Forecast of Grenada Electric Utility Vehicle Market Revenues & Volume By Battery Type for the Period 2021-2031
Historical Data and Forecast of Grenada Electric Utility Vehicle Market Revenues & Volume By Lead Acid for the Period 2021-2031
Historical Data and Forecast of Grenada Electric Utility Vehicle Market Revenues & Volume By Lithium-Ion for the Period 2021-2031
Historical Data and Forecast of Grenada Electric Utility Vehicle Market Revenues & Volume By Drive Type for the Period 2021-2031
Historical Data and Forecast of Grenada Electric Utility Vehicle Market Revenues & Volume By 2WD for the Period 2021-2031
Historical Data and Forecast of Grenada Electric Utility Vehicle Market Revenues & Volume By 4WD for the Period 2021-2031
Historical Data and Forecast of Grenada Electric Utility Vehicle Market Revenues & Volume By AWD for the Period 2021-2031
Historical Data and Forecast of Grenada Electric Utility Vehicle Market Revenues & Volume By Propulsion for the Period 2021-2031
Historical Data and Forecast of Grenada Electric Utility Vehicle Market Revenues & Volume By Pure Electric for the Period 2021-2031
Historical Data and Forecast of Grenada Electric Utility Vehicle Market Revenues & Volume By Hybrid Electric for the Period 2021-2031
Grenada Electric Utility Vehicle Import Export Trade Statistics
Market Opportunity Assessment By Battery Type
Market Opportunity Assessment By Drive Type
Market Opportunity Assessment By Propulsion
Grenada Electric Utility Vehicle Top Companies Market Share
Grenada Electric Utility Vehicle Competitive Benchmarking By Technical and Operational Parameters
Grenada Electric Utility Vehicle Company Profiles
Grenada Electric Utility Vehicle Key Strategic Recommendations

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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 Electric Utility Vehicle Market Overview

3.1 Grenada Country Macro Economic Indicators

3.2 Grenada Electric Utility Vehicle Market Revenues & Volume, 2021 & 2031F

3.3 Grenada Electric Utility Vehicle Market - Industry Life Cycle

3.4 Grenada Electric Utility Vehicle Market - Porter's Five Forces

3.5 Grenada Electric Utility Vehicle Market Revenues & Volume Share, By Battery Type, 2021 & 2031F

3.6 Grenada Electric Utility Vehicle Market Revenues & Volume Share, By Drive Type, 2021 & 2031F

3.7 Grenada Electric Utility Vehicle Market Revenues & Volume Share, By Propulsion, 2021 & 2031F

4 Grenada Electric Utility Vehicle Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing focus on sustainability and environmental conservation driving the adoption of electric utility vehicles in Grenada.

4.2.2 Government incentives and initiatives promoting the use of electric vehicles.

4.2.3 Rising fuel prices making electric utility vehicles a cost-effective alternative.

4.3 Market Restraints

4.3.1 High initial cost of electric utility vehicles hindering widespread adoption.

4.3.2 Limited charging infrastructure in Grenada affecting the convenience of owning an electric vehicle.

4.3.3 Perception of limited range and battery life impacting consumer confidence in electric utility vehicles.

5 Grenada Electric Utility Vehicle Market Trends

6 Grenada Electric Utility Vehicle Market Segmentations

6.1 Grenada Electric Utility Vehicle Market, By Battery Type

6.1.1 Overview and Analysis

6.1.2 Grenada Electric Utility Vehicle Market Revenues & Volume, By Lead Acid, 2021-2031F

6.1.3 Grenada Electric Utility Vehicle Market Revenues & Volume, By Lithium-Ion, 2021-2031F

6.2 Grenada Electric Utility Vehicle Market, By Drive Type

6.2.1 Overview and Analysis

6.2.2 Grenada Electric Utility Vehicle Market Revenues & Volume, By 2WD, 2021-2031F

6.2.3 Grenada Electric Utility Vehicle Market Revenues & Volume, By 4WD, 2021-2031F

6.2.4 Grenada Electric Utility Vehicle Market Revenues & Volume, By AWD, 2021-2031F

6.3 Grenada Electric Utility Vehicle Market, By Propulsion

6.3.1 Overview and Analysis

6.3.2 Grenada Electric Utility Vehicle Market Revenues & Volume, By Pure Electric, 2021-2031F

6.3.3 Grenada Electric Utility Vehicle Market Revenues & Volume, By Hybrid Electric, 2021-2031F

7 Grenada Electric Utility Vehicle Market Import-Export Trade Statistics

7.1 Grenada Electric Utility Vehicle Market Export to Major Countries

7.2 Grenada Electric Utility Vehicle Market Imports from Major Countries

8 Grenada Electric Utility Vehicle Market Key Performance Indicators

8.1 Average charging station density per square kilometer in Grenada.

8.2 Percentage increase in government subsidies for electric utility vehicles.

8.3 Number of public-private partnerships for expanding electric vehicle infrastructure in Grenada.

9 Grenada Electric Utility Vehicle Market - Opportunity Assessment

9.1 Grenada Electric Utility Vehicle Market Opportunity Assessment, By Battery Type, 2021 & 2031F

9.2 Grenada Electric Utility Vehicle Market Opportunity Assessment, By Drive Type, 2021 & 2031F

9.3 Grenada Electric Utility Vehicle Market Opportunity Assessment, By Propulsion, 2021 & 2031F

10 Grenada Electric Utility Vehicle Market - Competitive Landscape

10.1 Grenada Electric Utility Vehicle Market Revenue Share, By Companies, 2024

10.2 Grenada Electric Utility Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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