| Product Code: ETC5872859 | 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 |
Antigua and Barbuda`s light duty vehicle import shipments in 2024 continued to show significant growth, with a high concentration of imports coming from countries such as China, South Korea, Japan, Indonesia, and India. The Herfindahl-Hirschman Index (HHI) indicated a shift towards very high concentration in 2024, reflecting a more consolidated market. The impressive compound annual growth rate (CAGR) of 92.69% from 2020 to 2024 highlights the robust demand for light vehicles in the region. Furthermore, the remarkable growth rate of 103.37% from 2023 to 2024 underscores the accelerating pace of import shipments in the sector.

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 Antigua and Barbuda Light Duty Vehicle Market Overview |
3.1 Antigua and Barbuda Country Macro Economic Indicators |
3.2 Antigua and Barbuda Light Duty Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Antigua and Barbuda Light Duty Vehicle Market - Industry Life Cycle |
3.4 Antigua and Barbuda Light Duty Vehicle Market - Porter's Five Forces |
3.5 Antigua and Barbuda Light Duty Vehicle Market Revenues & Volume Share, By Transmission Type, 2021 & 2031F |
3.6 Antigua and Barbuda Light Duty Vehicle Market Revenues & Volume Share, By Turbocharger, 2021 & 2031F |
4 Antigua and Barbuda Light Duty Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Antigua and Barbuda |
4.2.2 Growing tourism industry leading to higher demand for rental vehicles |
4.2.3 Infrastructure development and road expansion projects in the country |
4.3 Market Restraints |
4.3.1 High import duties and taxes on vehicles |
4.3.2 Limited availability of financing options for vehicle purchases |
4.3.3 Lack of charging infrastructure for electric vehicles |
5 Antigua and Barbuda Light Duty Vehicle Market Trends |
6 Antigua and Barbuda Light Duty Vehicle Market Segmentations |
6.1 Antigua and Barbuda Light Duty Vehicle Market, By Transmission Type |
6.1.1 Overview and Analysis |
6.1.2 Antigua and Barbuda Light Duty Vehicle Market Revenues & Volume, By Automatic transmission (AT), 2021-2031F |
6.1.3 Antigua and Barbuda Light Duty Vehicle Market Revenues & Volume, By Continuous variable transmission (CVT), 2021-2031F |
6.1.4 Antigua and Barbuda Light Duty Vehicle Market Revenues & Volume, By Manual transmission (MT), 2021-2031F |
6.2 Antigua and Barbuda Light Duty Vehicle Market, By Turbocharger |
6.2.1 Overview and Analysis |
6.2.2 Antigua and Barbuda Light Duty Vehicle Market Revenues & Volume, By Gasoline Turbocharged, 2021-2031F |
6.2.3 Antigua and Barbuda Light Duty Vehicle Market Revenues & Volume, By Diesel Turbocharged, 2021-2031F |
7 Antigua and Barbuda Light Duty Vehicle Market Import-Export Trade Statistics |
7.1 Antigua and Barbuda Light Duty Vehicle Market Export to Major Countries |
7.2 Antigua and Barbuda Light Duty Vehicle Market Imports from Major Countries |
8 Antigua and Barbuda Light Duty Vehicle Market Key Performance Indicators |
8.1 Average age of vehicles in Antigua and Barbuda |
8.2 Number of vehicles per capita in the country |
8.3 Average fuel efficiency of light duty vehicles in the market |
9 Antigua and Barbuda Light Duty Vehicle Market - Opportunity Assessment |
9.1 Antigua and Barbuda Light Duty Vehicle Market Opportunity Assessment, By Transmission Type, 2021 & 2031F |
9.2 Antigua and Barbuda Light Duty Vehicle Market Opportunity Assessment, By Turbocharger, 2021 & 2031F |
10 Antigua and Barbuda Light Duty Vehicle Market - Competitive Landscape |
10.1 Antigua and Barbuda Light Duty Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Antigua and Barbuda Light Duty Vehicle 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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