| Product Code: ETC5889792 | 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 |
The automotive axle & propeller shaft import shipments to Grenada saw a significant increase in concentration levels in 2024, with a very high concentration compared to the previous year. The top exporting countries to Grenada in 2024 were the USA, UAE, Trinidad and Tobago, Japan, and Jamaica. The sector experienced remarkable growth, with a Compound Annual Growth Rate (CAGR) of 39.12% from 2020 to 2024. Additionally, the growth rate from 2023 to 2024 surged by 57.37%, indicating a rapidly expanding market for automotive axles and propeller shafts in Grenada.
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 Axle & Propeller Shaft Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Automotive Axle & Propeller Shaft Market - Industry Life Cycle |
3.4 Grenada Automotive Axle & Propeller Shaft Market - Porter's Five Forces |
3.5 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Axle Position, 2021 & 2031F |
3.7 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Position, 2021 & 2031F |
3.8 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.9 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume Share, By Material, 2021 & 2031F |
4 Grenada Automotive Axle & Propeller Shaft Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles driving the need for lightweight and efficient automotive axle and propeller shaft systems. |
4.2.2 Growing automotive production and sales in Grenada and the wider Caribbean region. |
4.2.3 Technological advancements leading to the development of advanced axle and propeller shaft systems with improved performance and durability. |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up manufacturing facilities for automotive axle and propeller shafts. |
4.3.2 Fluctuating raw material prices impacting the overall production costs and profitability. |
4.3.3 Intense competition from established global automotive axle and propeller shaft manufacturers. |
5 Grenada Automotive Axle & Propeller Shaft Market Trends |
6 Grenada Automotive Axle & Propeller Shaft Market Segmentations |
6.1 Grenada Automotive Axle & Propeller Shaft Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume, By Dead, 2021-2031F |
6.1.3 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume, By Live, 2021-2031F |
6.1.4 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume, By Tandem, 2021-2031F |
6.2 Grenada Automotive Axle & Propeller Shaft Market, By Axle Position |
6.2.1 Overview and Analysis |
6.2.2 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume, By Front, 2021-2031F |
6.2.3 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume, By Rear, 2021-2031F |
6.3 Grenada Automotive Axle & Propeller Shaft Market, By Position |
6.3.1 Overview and Analysis |
6.3.2 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume, By Front, 2021-2031F |
6.3.3 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume, By Rear, 2021-2031F |
6.3.4 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume, By Interaxle, 2021-2031F |
6.4 Grenada Automotive Axle & Propeller Shaft Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume, By Single piece, 2021-2031F |
6.4.3 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume, By Multi-piece, 2021-2031F |
6.5 Grenada Automotive Axle & Propeller Shaft Market, By Material |
6.5.1 Overview and Analysis |
6.5.2 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume, By Alloy, 2021-2031F |
6.5.3 Grenada Automotive Axle & Propeller Shaft Market Revenues & Volume, By Carbon fiber, 2021-2031F |
7 Grenada Automotive Axle & Propeller Shaft Market Import-Export Trade Statistics |
7.1 Grenada Automotive Axle & Propeller Shaft Market Export to Major Countries |
7.2 Grenada Automotive Axle & Propeller Shaft Market Imports from Major Countries |
8 Grenada Automotive Axle & Propeller Shaft Market Key Performance Indicators |
8.1 Average fuel efficiency improvement achieved by vehicles using advanced axle and propeller shaft systems. |
8.2 Adoption rate of advanced axle and propeller shaft technologies in new vehicle models in Grenada. |
8.3 Percentage of automotive manufacturers in Grenada incorporating locally produced axle and propeller shaft components in their vehicles. |
8.4 Number of patents filed for innovative axle and propeller shaft technologies developed in Grenada. |
9 Grenada Automotive Axle & Propeller Shaft Market - Opportunity Assessment |
9.1 Grenada Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Axle Position, 2021 & 2031F |
9.3 Grenada Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Position, 2021 & 2031F |
9.4 Grenada Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Type, 2021 & 2031F |
9.5 Grenada Automotive Axle & Propeller Shaft Market Opportunity Assessment, By Material, 2021 & 2031F |
10 Grenada Automotive Axle & Propeller Shaft Market - Competitive Landscape |
10.1 Grenada Automotive Axle & Propeller Shaft Market Revenue Share, By Companies, 2024 |
10.2 Grenada Automotive Axle & Propeller Shaft Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |