| Product Code: ETC5163232 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada saw significant import shipments of aircraft engines, with top exporting countries including China, USA, Jamaica, Guyana, and Japan. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a remarkable compound annual growth rate (CAGR) of 50.43% from 2020 to 2024. However, there was a notable downturn in growth rate from 2023 to 2024 at -28.4%. This suggests that while the market for aircraft engines in Grenada is thriving overall, there may have been some challenges or shifts in the industry dynamics in the most recent year.
The Aircraft Engines market in Grenada is projected to grow at a stable growth rate of 2.06% 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 Aircraft Engines Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Aircraft Engines Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Aircraft Engines Market - Industry Life Cycle |
3.4 Grenada Aircraft Engines Market - Porter's Five Forces |
3.5 Grenada Aircraft Engines Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Aircraft Engines Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Grenada Aircraft Engines Market Revenues & Volume Share, By Platform, 2021 & 2031F |
3.8 Grenada Aircraft Engines Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Aircraft Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Aircraft Engines Market Trends |
6 Grenada Aircraft Engines Market Segmentations |
6.1 Grenada Aircraft Engines Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Aircraft Engines Market Revenues & Volume, By Turboprop, 2021-2031F |
6.1.3 Grenada Aircraft Engines Market Revenues & Volume, By Turboshaft, 2021-2031F |
6.1.4 Grenada Aircraft Engines Market Revenues & Volume, By Turbofan, 2021-2031F |
6.1.5 Grenada Aircraft Engines Market Revenues & Volume, By Piston Engine, 2021-2031F |
6.2 Grenada Aircraft Engines Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Aircraft Engines Market Revenues & Volume, By Conventional Engine, 2021-2031F |
6.2.3 Grenada Aircraft Engines Market Revenues & Volume, By Electric/Hybrid, 2021-2031F |
6.3 Grenada Aircraft Engines Market, By Platform |
6.3.1 Overview and Analysis |
6.3.2 Grenada Aircraft Engines Market Revenues & Volume, By Fixed Wing, 2021-2031F |
6.3.3 Grenada Aircraft Engines Market Revenues & Volume, By Rotary Wing, 2021-2031F |
6.4 Grenada Aircraft Engines Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Aircraft Engines Market Revenues & Volume, By General Aviation, 2021-2031F |
6.4.3 Grenada Aircraft Engines Market Revenues & Volume, By Business Aviation, 2021-2031F |
6.4.4 Grenada Aircraft Engines Market Revenues & Volume, By Recreational Aviation, 2021-2031F |
6.4.5 Grenada Aircraft Engines Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Aircraft Engines Market Import-Export Trade Statistics |
7.1 Grenada Aircraft Engines Market Export to Major Countries |
7.2 Grenada Aircraft Engines Market Imports from Major Countries |
8 Grenada Aircraft Engines Market Key Performance Indicators |
9 Grenada Aircraft Engines Market - Opportunity Assessment |
9.1 Grenada Aircraft Engines Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Aircraft Engines Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Grenada Aircraft Engines Market Opportunity Assessment, By Platform, 2021 & 2031F |
9.4 Grenada Aircraft Engines Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Aircraft Engines Market - Competitive Landscape |
10.1 Grenada Aircraft Engines Market Revenue Share, By Companies, 2024 |
10.2 Grenada Aircraft Engines 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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