| Product Code: ETC5885669 | 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 |
In 2024, Grenada continued to rely on key exporters such as the USA, Trinidad and Tobago, UAE, UK, and Japan for automotive airbags and seatbelt imports. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the market showed strong growth with a notable compound annual growth rate (CAGR) of 14.46% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -8.25%. Grenada`s automotive safety market remains dynamic, with opportunities for further expansion and diversification in the coming years.
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 Airbags & Seatbelts Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Automotive Airbags & Seatbelts Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Automotive Airbags & Seatbelts Market - Industry Life Cycle |
3.4 Grenada Automotive Airbags & Seatbelts Market - Porter's Five Forces |
3.5 Grenada Automotive Airbags & Seatbelts Market Revenues & Volume Share, By Airbag Type, 2021 & 2031F |
3.6 Grenada Automotive Airbags & Seatbelts Market Revenues & Volume Share, By Seatbelts, 2021 & 2031F |
3.7 Grenada Automotive Airbags & Seatbelts Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
4 Grenada Automotive Airbags & Seatbelts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about road safety measures |
4.2.2 Stringent government regulations mandating the use of airbags and seatbelts in vehicles |
4.2.3 Growing automotive industry in Grenada |
4.3 Market Restraints |
4.3.1 High initial cost of installing airbags and seatbelts in vehicles |
4.3.2 Limited availability of advanced technology for airbags and seatbelts in Grenada |
4.3.3 Lack of consumer awareness about the importance of airbags and seatbelts |
5 Grenada Automotive Airbags & Seatbelts Market Trends |
6 Grenada Automotive Airbags & Seatbelts Market Segmentations |
6.1 Grenada Automotive Airbags & Seatbelts Market, By Airbag Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Automotive Airbags & Seatbelts Market Revenues & Volume, By Front, 2021-2031F |
6.1.3 Grenada Automotive Airbags & Seatbelts Market Revenues & Volume, By Knee , 2021-2031F |
6.1.4 Grenada Automotive Airbags & Seatbelts Market Revenues & Volume, By Side & Curtain, 2021-2031F |
6.2 Grenada Automotive Airbags & Seatbelts Market, By Seatbelts |
6.2.1 Overview and Analysis |
6.2.2 Grenada Automotive Airbags & Seatbelts Market Revenues & Volume, By 2-point , 2021-2031F |
6.2.3 Grenada Automotive Airbags & Seatbelts Market Revenues & Volume, By 3-point, 2021-2031F |
6.3 Grenada Automotive Airbags & Seatbelts Market, By Vehicle |
6.3.1 Overview and Analysis |
6.3.2 Grenada Automotive Airbags & Seatbelts Market Revenues & Volume, By PC, 2021-2031F |
6.3.3 Grenada Automotive Airbags & Seatbelts Market Revenues & Volume, By LCV, 2021-2031F |
6.3.4 Grenada Automotive Airbags & Seatbelts Market Revenues & Volume, By Buses , 2021-2031F |
6.3.5 Grenada Automotive Airbags & Seatbelts Market Revenues & Volume, By Trucks, 2021-2031F |
7 Grenada Automotive Airbags & Seatbelts Market Import-Export Trade Statistics |
7.1 Grenada Automotive Airbags & Seatbelts Market Export to Major Countries |
7.2 Grenada Automotive Airbags & Seatbelts Market Imports from Major Countries |
8 Grenada Automotive Airbags & Seatbelts Market Key Performance Indicators |
8.1 Percentage of vehicles equipped with airbags and seatbelts |
8.2 Rate of compliance with government regulations on airbags and seatbelts |
8.3 Number of road accidents per year in Grenada |
9 Grenada Automotive Airbags & Seatbelts Market - Opportunity Assessment |
9.1 Grenada Automotive Airbags & Seatbelts Market Opportunity Assessment, By Airbag Type, 2021 & 2031F |
9.2 Grenada Automotive Airbags & Seatbelts Market Opportunity Assessment, By Seatbelts, 2021 & 2031F |
9.3 Grenada Automotive Airbags & Seatbelts Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
10 Grenada Automotive Airbags & Seatbelts Market - Competitive Landscape |
10.1 Grenada Automotive Airbags & Seatbelts Market Revenue Share, By Companies, 2024 |
10.2 Grenada Automotive Airbags & Seatbelts 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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