Grenada Automotive Market (2025-2031) | Industry, Forecast, Value, Trends, Companies, Revenue, Segmentation, Growth, Share, Outlook, Analysis & Size
Market Forecast By Product Type (Electric, Hybrid Electric, Plug-In Hybrid Electric, Mild Hybrid, Natural Gas, Fuel Cell Electric, Diesel, Petrol) And Competitive Landscape
| Product Code: ETC5405026 | 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 |
Grenada Automotive Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Grenada continued to see a high concentration of automotive imports, with the top countries being the USA, Japan, Trinidad and Tobago, China, and the UAE. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 remained strong at 6.72%. This indicates steady demand for imported vehicles in Grenada, with key players maintaining their presence in the market. The consistent import flow from these countries suggests a stable automotive market in Grenada.
Automotive Market: Grenada vs Top 5 Major Economies in 2027 (North America)
In the North America region, the Automotive market in Grenada is projected to expand at a stable growth rate of 0.79% by 2027. The largest economy is United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.
Key Highlights of the Report:
- Grenada Automotive Market Outlook
- Market Size of Grenada Automotive Market, 2024
- Forecast of Grenada Automotive Market, 2031
- Historical Data and Forecast of Grenada Automotive Revenues & Volume for the Period 2021-2031
- Grenada Automotive Market Trend Evolution
- Grenada Automotive Market Drivers and Challenges
- Grenada Automotive Price Trends
- Grenada Automotive Porter`s Five Forces
- Grenada Automotive Industry Life Cycle
- Historical Data and Forecast of Grenada Automotive Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of Grenada Automotive Market Revenues & Volume By Electric for the Period 2021-2031
- Historical Data and Forecast of Grenada Automotive Market Revenues & Volume By Hybrid Electric for the Period 2021-2031
- Historical Data and Forecast of Grenada Automotive Market Revenues & Volume By Plug-In Hybrid Electric for the Period 2021-2031
- Historical Data and Forecast of Grenada Automotive Market Revenues & Volume By Mild Hybrid for the Period 2021-2031
- Historical Data and Forecast of Grenada Automotive Market Revenues & Volume By Natural Gas for the Period 2021-2031
- Historical Data and Forecast of Grenada Automotive Market Revenues & Volume By Fuel Cell Electric for the Period 2021-2031
- Historical Data and Forecast of Grenada Automotive Market Revenues & Volume By Diesel for the Period 2021-2031
- Historical Data and Forecast of Grenada Electric Automotive Market Revenues & Volume By Petrol for the Period 2021-2031
- Grenada Automotive Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Grenada Automotive Top Companies Market Share
- Grenada Automotive Competitive Benchmarking By Technical and Operational Parameters
- Grenada Automotive Company Profiles
- Grenada Automotive Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Grenada Automotive Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Grenada Automotive Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Automotive Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Automotive Market - Industry Life Cycle |
3.4 Grenada Automotive Market - Porter's Five Forces |
3.5 Grenada Automotive Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Grenada Automotive Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Grenada |
4.2.2 Technological advancements in automotive industry leading to introduction of more fuel-efficient and eco-friendly vehicles |
4.2.3 Government initiatives promoting electric vehicles and sustainable transportation options |
4.3 Market Restraints |
4.3.1 High import tariffs and taxes on vehicles in Grenada |
4.3.2 Limited availability of charging infrastructure for electric vehicles |
4.3.3 Economic uncertainties impacting consumer purchasing power |
5 Grenada Automotive Market Trends |
6 Grenada Automotive Market Segmentations |
6.1 Grenada Automotive Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Automotive Market Revenues & Volume, By Electric, 2021-2031F |
6.1.3 Grenada Automotive Market Revenues & Volume, By Hybrid Electric, 2021-2031F |
6.1.4 Grenada Automotive Market Revenues & Volume, By Plug-In Hybrid Electric, 2021-2031F |
6.1.5 Grenada Automotive Market Revenues & Volume, By Mild Hybrid, 2021-2031F |
6.1.6 Grenada Automotive Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.1.7 Grenada Automotive Market Revenues & Volume, By Fuel Cell Electric, 2021-2031F |
6.1.9 Grenada Automotive Market Revenues & Volume, By Petrol, 2021-2031F |
6.1.10 Grenada Automotive Market Revenues & Volume, By Petrol, 2021-2031F |
7 Grenada Automotive Market Import-Export Trade Statistics |
7.1 Grenada Automotive Market Export to Major Countries |
7.2 Grenada Automotive Market Imports from Major Countries |
8 Grenada Automotive Market Key Performance Indicators |
8.1 Average age of vehicles in Grenada |
8.2 Number of new vehicle registrations per year |
8.3 Adoption rate of electric vehicles in the market |
9 Grenada Automotive Market - Opportunity Assessment |
9.1 Grenada Automotive Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Grenada Automotive Market - Competitive Landscape |
10.1 Grenada Automotive Market Revenue Share, By Companies, 2024 |
10.2 Grenada Automotive Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential assessment - trade Analytics for 2030
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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