| Product Code: ETC6313548 | 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 |
Barbados saw a continued high concentration of large SUV imports in 2024, with top exporters being South Korea, Belgium, UK, USA, and Thailand. Despite a challenging CAGR of -10.9% from 2020 to 2024, there was a slight improvement in the growth rate in 2024 at -3.69%. The market dynamics suggest opportunities for stakeholders to explore strategies for revitalizing the large SUV segment in Barbados and potentially reversing the declining trend.

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 Barbados Large SUVs Market Overview |
3.1 Barbados Country Macro Economic Indicators |
3.2 Barbados Large SUVs Market Revenues & Volume, 2021 & 2031F |
3.3 Barbados Large SUVs Market - Industry Life Cycle |
3.4 Barbados Large SUVs Market - Porter's Five Forces |
3.5 Barbados Large SUVs Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
4 Barbados Large SUVs Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income in Barbados leading to higher purchasing power for large SUVs |
4.2.2 Growing preference for larger, more spacious vehicles among consumers in Barbados |
4.2.3 Improving road infrastructure and increasing urbanization driving demand for large SUVs |
4.3 Market Restraints |
4.3.1 High import duties and taxes impacting the affordability of large SUVs in Barbados |
4.3.2 Rising fuel prices affecting the operating costs of large SUVs in Barbados |
5 Barbados Large SUVs Market Trends |
6 Barbados Large SUVs Market, By Types |
6.1 Barbados Large SUVs Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Barbados Large SUVs Market Revenues & Volume, By Fuel Type, 2021- 2031F |
6.1.3 Barbados Large SUVs Market Revenues & Volume, By Petrol, 2021- 2031F |
6.1.4 Barbados Large SUVs Market Revenues & Volume, By Diesel, 2021- 2031F |
6.1.5 Barbados Large SUVs Market Revenues & Volume, By Electric, 2021- 2031F |
6.1.6 Barbados Large SUVs Market Revenues & Volume, By Others, 2021- 2031F |
7 Barbados Large SUVs Market Import-Export Trade Statistics |
7.1 Barbados Large SUVs Market Export to Major Countries |
7.2 Barbados Large SUVs Market Imports from Major Countries |
8 Barbados Large SUVs Market Key Performance Indicators |
8.1 Average age of vehicles in Barbados (indicating potential for vehicle replacement with large SUVs) |
8.2 Number of new car registrations in Barbados (reflecting overall demand for vehicles including large SUVs) |
8.3 Percentage of households owning more than one vehicle in Barbados (suggesting potential market for additional large SUV purchases) |
9 Barbados Large SUVs Market - Opportunity Assessment |
9.1 Barbados Large SUVs Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
10 Barbados Large SUVs Market - Competitive Landscape |
10.1 Barbados Large SUVs Market Revenue Share, By Companies, 2024 |
10.2 Barbados Large SUVs 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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