| Product Code: ETC7371944 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada`s heavy duty trucks import market continues to thrive with a notable increase in shipments from top exporting countries such as Japan, USA, Thailand, Trinidad and Tobago, and China in 2024. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained high in 2024, indicating a competitive landscape. The impressive Compound Annual Growth Rate (CAGR) of 34.38% from 2020 to 2024 highlights significant market expansion. Moreover, the remarkable growth rate of 121.44% from 2023 to 2024 underscores the escalating demand for heavy duty trucks in Grenada.
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 Heavy Duty Trucks Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Heavy Duty Trucks Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Heavy Duty Trucks Market - Industry Life Cycle |
3.4 Grenada Heavy Duty Trucks Market - Porter's Five Forces |
3.5 Grenada Heavy Duty Trucks Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.6 Grenada Heavy Duty Trucks Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 Grenada Heavy Duty Trucks Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
4 Grenada Heavy Duty Trucks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for heavy-duty trucks due to increasing construction activities in Grenada |
4.2.2 Government initiatives to improve infrastructure leading to higher demand for heavy-duty trucks |
4.2.3 Expansion of industries such as mining and agriculture driving the need for heavy-duty trucks |
4.3 Market Restraints |
4.3.1 High import taxes and duties on heavy-duty trucks impacting affordability for buyers |
4.3.2 Limited availability of financing options for purchasing heavy-duty trucks in Grenada |
4.3.3 Lack of skilled technicians and infrastructure for maintenance and repair of heavy-duty trucks |
5 Grenada Heavy Duty Trucks Market Trends |
6 Grenada Heavy Duty Trucks Market, By Types |
6.1 Grenada Heavy Duty Trucks Market, By Class |
6.1.1 Overview and Analysis |
6.1.2 Grenada Heavy Duty Trucks Market Revenues & Volume, By Class, 2021- 2031F |
6.1.3 Grenada Heavy Duty Trucks Market Revenues & Volume, By Class 5, 2021- 2031F |
6.1.4 Grenada Heavy Duty Trucks Market Revenues & Volume, By Class 6, 2021- 2031F |
6.1.5 Grenada Heavy Duty Trucks Market Revenues & Volume, By Class 7, 2021- 2031F |
6.1.6 Grenada Heavy Duty Trucks Market Revenues & Volume, By Class 8, 2021- 2031F |
6.2 Grenada Heavy Duty Trucks Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Heavy Duty Trucks Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.2.3 Grenada Heavy Duty Trucks Market Revenues & Volume, By Diesel, 2021- 2031F |
6.2.4 Grenada Heavy Duty Trucks Market Revenues & Volume, By Electric, 2021- 2031F |
6.2.5 Grenada Heavy Duty Trucks Market Revenues & Volume, By Alternative Fuels, 2021- 2031F |
6.3 Grenada Heavy Duty Trucks Market, By Application Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Heavy Duty Trucks Market Revenues & Volume, By Construction and Mining, 2021- 2031F |
6.3.3 Grenada Heavy Duty Trucks Market Revenues & Volume, By Freight and Logistics, 2021- 2031F |
6.3.4 Grenada Heavy Duty Trucks Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Heavy Duty Trucks Market Import-Export Trade Statistics |
7.1 Grenada Heavy Duty Trucks Market Export to Major Countries |
7.2 Grenada Heavy Duty Trucks Market Imports from Major Countries |
8 Grenada Heavy Duty Trucks Market Key Performance Indicators |
8.1 Average age of heavy-duty truck fleet in Grenada |
8.2 Number of new heavy-duty truck registrations in Grenada |
8.3 Utilization rate of heavy-duty trucks in key industries in Grenada |
9 Grenada Heavy Duty Trucks Market - Opportunity Assessment |
9.1 Grenada Heavy Duty Trucks Market Opportunity Assessment, By Class, 2021 & 2031F |
9.2 Grenada Heavy Duty Trucks Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 Grenada Heavy Duty Trucks Market Opportunity Assessment, By Application Type, 2021 & 2031F |
10 Grenada Heavy Duty Trucks Market - Competitive Landscape |
10.1 Grenada Heavy Duty Trucks Market Revenue Share, By Companies, 2024 |
10.2 Grenada Heavy Duty Trucks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |