| Product Code: ETC5831006 | 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 heavily on automotive lighting imports, with the USA, Trinidad and Tobago, Japan, UAE, and the UK leading the way. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a relatively strong compound annual growth rate (CAGR) of 10.75% from 2020 to 2024, there was a noticeable decline in growth rate from 2023 to 2024 at -13.52%. This suggests a potential shift in market dynamics or external factors impacting the automotive lighting import industry in Grenada.
In the North America region, the Automotive Lighting market in Grenada is projected to expand at a stable growth rate of 0.48% by 2027. The largest economy is United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

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 Lighting Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Automotive Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Automotive Lighting Market - Industry Life Cycle |
3.4 Grenada Automotive Lighting Market - Porter's Five Forces |
3.5 Grenada Automotive Lighting Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Grenada Automotive Lighting Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Grenada Automotive Lighting Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Automotive Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient automotive lighting solutions in Grenada |
4.2.2 Growing focus on vehicle safety and visibility, leading to higher adoption of advanced lighting technologies |
4.2.3 Rising automotive production and sales in Grenada, driving the demand for automotive lighting products |
4.3 Market Restraints |
4.3.1 High initial cost associated with advanced automotive lighting technologies |
4.3.2 Limited awareness and adoption of LED and other advanced lighting solutions in the Grenada automotive market |
5 Grenada Automotive Lighting Market Trends |
6 Grenada Automotive Lighting Market Segmentations |
6.1 Grenada Automotive Lighting Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Automotive Lighting Market Revenues & Volume, By Passenger Vehicle, 2021-2031F |
6.1.3 Grenada Automotive Lighting Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
6.2 Grenada Automotive Lighting Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Automotive Lighting Market Revenues & Volume, By Halogen, 2021-2031F |
6.2.3 Grenada Automotive Lighting Market Revenues & Volume, By Xenon/HID (High-intensity Discharge Lamp), 2021-2031F |
6.2.4 Grenada Automotive Lighting Market Revenues & Volume, By LED (Light Emitting Diode), 2021-2031F |
6.3 Grenada Automotive Lighting Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Automotive Lighting Market Revenues & Volume, By Front/Headlamps, 2021-2031F |
6.3.3 Grenada Automotive Lighting Market Revenues & Volume, By Rear Lighting, 2021-2031F |
6.3.4 Grenada Automotive Lighting Market Revenues & Volume, By Side, 2021-2031F |
6.3.5 Grenada Automotive Lighting Market Revenues & Volume, By Interior Lighting, 2021-2031F |
7 Grenada Automotive Lighting Market Import-Export Trade Statistics |
7.1 Grenada Automotive Lighting Market Export to Major Countries |
7.2 Grenada Automotive Lighting Market Imports from Major Countries |
8 Grenada Automotive Lighting Market Key Performance Indicators |
8.1 Average age of vehicles in Grenada (indicating potential replacement demand for automotive lighting) |
8.2 Number of road accidents at night in Grenada (reflecting the importance of vehicle lighting for safety) |
8.3 Percentage of vehicles equipped with LED lighting technologies in Grenada (showing the penetration rate of advanced lighting solutions) |
9 Grenada Automotive Lighting Market - Opportunity Assessment |
9.1 Grenada Automotive Lighting Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Grenada Automotive Lighting Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Grenada Automotive Lighting Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Automotive Lighting Market - Competitive Landscape |
10.1 Grenada Automotive Lighting Market Revenue Share, By Companies, 2024 |
10.2 Grenada Automotive Lighting 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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