| Product Code: ETC7364307 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to see strong import shipments of automotive AC compressors, with top exporting countries being USA, Italy, Trinidad and Tobago, China, and UAE. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) of 13.1% over the period of 2020-2024 highlights a positive trend in the market. Grenada`s automotive sector is likely to remain reliant on these key importing countries for AC compressor supplies in the near future.
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 Automotive AC Compressor Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Automotive AC Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Automotive AC Compressor Market - Industry Life Cycle |
3.4 Grenada Automotive AC Compressor Market - Porter's Five Forces |
3.5 Grenada Automotive AC Compressor Market Revenues & Volume Share, By Design, 2021 & 2031F |
3.6 Grenada Automotive AC Compressor Market Revenues & Volume Share, By Drive Type, 2021 & 2031F |
3.7 Grenada Automotive AC Compressor Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
3.8 Grenada Automotive AC Compressor Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Grenada Automotive AC Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automotive air conditioning systems in Grenada due to rising temperatures and humidity levels. |
4.2.2 Growth in the automotive industry in Grenada leading to higher vehicle sales and installations of AC compressors. |
4.2.3 Technological advancements in automotive AC compressor systems improving efficiency and performance. |
4.3 Market Restraints |
4.3.1 High initial cost of purchasing and installing automotive AC compressors in Grenada. |
4.3.2 Limited availability of skilled technicians for maintenance and repairs of AC compressor systems. |
4.3.3 Fluctuating raw material prices impacting the manufacturing cost of automotive AC compressors. |
5 Grenada Automotive AC Compressor Market Trends |
6 Grenada Automotive AC Compressor Market, By Types |
6.1 Grenada Automotive AC Compressor Market, By Design |
6.1.1 Overview and Analysis |
6.1.2 Grenada Automotive AC Compressor Market Revenues & Volume, By Design, 2021- 2031F |
6.1.3 Grenada Automotive AC Compressor Market Revenues & Volume, By Reciprocating Type, 2021- 2031F |
6.1.4 Grenada Automotive AC Compressor Market Revenues & Volume, By Rotary Type, 2021- 2031F |
6.2 Grenada Automotive AC Compressor Market, By Drive Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Automotive AC Compressor Market Revenues & Volume, By Electric, 2021- 2031F |
6.2.3 Grenada Automotive AC Compressor Market Revenues & Volume, By Conventional (Belt Driven), 2021- 2031F |
6.3 Grenada Automotive AC Compressor Market, By Vehicle |
6.3.1 Overview and Analysis |
6.3.2 Grenada Automotive AC Compressor Market Revenues & Volume, By Passenger Vehicle, 2021- 2031F |
6.3.3 Grenada Automotive AC Compressor Market Revenues & Volume, By Commercial Vehicle, 2021- 2031F |
6.4 Grenada Automotive AC Compressor Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Grenada Automotive AC Compressor Market Revenues & Volume, By OEM, 2021- 2031F |
6.4.3 Grenada Automotive AC Compressor Market Revenues & Volume, By Aftermarket, 2021- 2031F |
7 Grenada Automotive AC Compressor Market Import-Export Trade Statistics |
7.1 Grenada Automotive AC Compressor Market Export to Major Countries |
7.2 Grenada Automotive AC Compressor Market Imports from Major Countries |
8 Grenada Automotive AC Compressor Market Key Performance Indicators |
8.1 Average lifespan of automotive AC compressors in Grenada. |
8.2 Energy efficiency ratings of AC compressor systems in the market. |
8.3 Percentage of vehicles in Grenada equipped with air conditioning systems. |
8.4 Customer satisfaction ratings related to the performance and durability of automotive AC compressors. |
8.5 Frequency of maintenance and repair services required for automotive AC compressors in Grenada. |
9 Grenada Automotive AC Compressor Market - Opportunity Assessment |
9.1 Grenada Automotive AC Compressor Market Opportunity Assessment, By Design, 2021 & 2031F |
9.2 Grenada Automotive AC Compressor Market Opportunity Assessment, By Drive Type, 2021 & 2031F |
9.3 Grenada Automotive AC Compressor Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
9.4 Grenada Automotive AC Compressor Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Grenada Automotive AC Compressor Market - Competitive Landscape |
10.1 Grenada Automotive AC Compressor Market Revenue Share, By Companies, 2024 |
10.2 Grenada Automotive AC Compressor 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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