| Product Code: ETC5164296 | 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 |
The Grenada Automotive Components Market is likely to experience consistent growth rate gains over the period 2025 to 2029. Commencing at 0.98% in 2025, growth builds up to 2.39% by 2029.

By 2027, the Automotive Components market in Grenada is anticipated to reach a growth rate of 1.52%, as part of an increasingly competitive North America region, where United States of America remains at the forefront, supported by Canada, Trinidad and Tobago, Jamaica and Bahamas, driving innovations and market adoption across sectors.

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 Components Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Automotive Components Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Automotive Components Market - Industry Life Cycle |
3.4 Grenada Automotive Components Market - Porter's Five Forces |
3.5 Grenada Automotive Components Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Grenada Automotive Components Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Grenada Automotive Components Market Revenues & Volume Share, By Demand Category, 2021 & 2031F |
4 Grenada Automotive Components Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for vehicles in Grenada |
4.2.2 Increasing government investments in infrastructure projects |
4.2.3 Technological advancements in automotive components manufacturing |
4.3 Market Restraints |
4.3.1 High import tariffs on automotive components |
4.3.2 Limited availability of skilled labor in the automotive industry |
4.3.3 Fluctuating raw material prices affecting production costs |
5 Grenada Automotive Components Market Trends |
6 Grenada Automotive Components Market Segmentations |
6.1 Grenada Automotive Components Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Automotive Components Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.1.3 Grenada Automotive Components Market Revenues & Volume, By Light Commercial Vehicle, 2021-2031F |
6.1.4 Grenada Automotive Components Market Revenues & Volume, By Medium & Heavy Commercial Vehicle, 2021-2031F |
6.1.5 Grenada Automotive Components Market Revenues & Volume, By Two-Wheeler, 2021-2031F |
6.1.6 Grenada Automotive Components Market Revenues & Volume, By Three-Wheeler, 2021-2031F |
6.1.7 Grenada Automotive Components Market Revenues & Volume, By OTR, 2021-2031F |
6.2 Grenada Automotive Components Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Grenada Automotive Components Market Revenues & Volume, By Engine Parts, 2021-2031F |
6.2.3 Grenada Automotive Components Market Revenues & Volume, By Body & Chassis, 2021-2031F |
6.2.4 Grenada Automotive Components Market Revenues & Volume, By Suspension & Brakes, 2021-2031F |
6.2.5 Grenada Automotive Components Market Revenues & Volume, By Drive Transmission & Steering Parts, 2021-2031F |
6.2.6 Grenada Automotive Components Market Revenues & Volume, By Electrical Parts, 2021-2031F |
6.2.7 Grenada Automotive Components Market Revenues & Volume, By Equipments, 2021-2031F |
6.3 Grenada Automotive Components Market, By Demand Category |
6.3.1 Overview and Analysis |
6.3.2 Grenada Automotive Components Market Revenues & Volume, By OEM, 2021-2031F |
6.3.3 Grenada Automotive Components Market Revenues & Volume, By Replacement, 2021-2031F |
7 Grenada Automotive Components Market Import-Export Trade Statistics |
7.1 Grenada Automotive Components Market Export to Major Countries |
7.2 Grenada Automotive Components Market Imports from Major Countries |
8 Grenada Automotive Components Market Key Performance Indicators |
8.1 Average lead time for automotive component manufacturing |
8.2 Percentage of local automotive component sourcing |
8.3 Number of automotive component manufacturers in Grenada |
8.4 Percentage of revenue invested in research and development |
8.5 Energy consumption per unit of automotive component produced |
9 Grenada Automotive Components Market - Opportunity Assessment |
9.1 Grenada Automotive Components Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Grenada Automotive Components Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Grenada Automotive Components Market Opportunity Assessment, By Demand Category, 2021 & 2031F |
10 Grenada Automotive Components Market - Competitive Landscape |
10.1 Grenada Automotive Components Market Revenue Share, By Companies, 2024 |
10.2 Grenada Automotive Components 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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