| Product Code: ETC5165493 | 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 |
Grenada`s automotive wrench import market saw significant growth in 2024, with top exporters such as the USA, Panama, UK, Germany, and Netherlands dominating the market. The high concentration levels indicated by the HHI suggest a competitive landscape. The impressive CAGR of 11.05% from 2020 to 2024 reflects a strong and steady demand for automotive wrenches in Grenada. The remarkable growth rate of 35.09% from 2023 to 2024 signals a surge in imports, potentially driven by increasing automotive maintenance needs in the country.
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 Wrenches Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Automotive Wrenches Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Automotive Wrenches Market - Industry Life Cycle |
3.4 Grenada Automotive Wrenches Market - Porter's Five Forces |
3.5 Grenada Automotive Wrenches Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Automotive Wrenches Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Automotive Wrenches Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automotive repair and maintenance services in Grenada |
4.2.2 Growing automotive industry in Grenada leading to higher vehicle ownership |
4.2.3 Technological advancements in automotive wrenches improving efficiency and ease of use |
4.3 Market Restraints |
4.3.1 High initial cost associated with purchasing automotive wrenches |
4.3.2 Limited availability of skilled technicians proficient in using advanced automotive wrenches |
4.3.3 Impact of economic fluctuations on consumer spending affecting the demand for automotive wrenches |
5 Grenada Automotive Wrenches Market Trends |
6 Grenada Automotive Wrenches Market Segmentations |
6.1 Grenada Automotive Wrenches Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Automotive Wrenches Market Revenues & Volume, By Open End Wrench, 2021-2031F |
6.1.3 Grenada Automotive Wrenches Market Revenues & Volume, By Box End Wrench, 2021-2031F |
6.1.4 Grenada Automotive Wrenches Market Revenues & Volume, By Combination Wrench, 2021-2031F |
6.1.5 Grenada Automotive Wrenches Market Revenues & Volume, By Pipe Wrench, 2021-2031F |
6.1.6 Grenada Automotive Wrenches Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Automotive Wrenches Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Automotive Wrenches Market Revenues & Volume, By Passenger Cars, 2021-2031F |
6.2.3 Grenada Automotive Wrenches Market Revenues & Volume, By Light Commercial Vehicles, 2021-2031F |
6.2.4 Grenada Automotive Wrenches Market Revenues & Volume, By Heavy Commercial Vehicles, 2021-2031F |
7 Grenada Automotive Wrenches Market Import-Export Trade Statistics |
7.1 Grenada Automotive Wrenches Market Export to Major Countries |
7.2 Grenada Automotive Wrenches Market Imports from Major Countries |
8 Grenada Automotive Wrenches Market Key Performance Indicators |
8.1 Adoption rate of advanced automotive wrench technologies in Grenada |
8.2 Average time taken for automotive repairs using automotive wrenches |
8.3 Number of automotive workshops and garages using specialized automotive wrenches in Grenada |
9 Grenada Automotive Wrenches Market - Opportunity Assessment |
9.1 Grenada Automotive Wrenches Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Automotive Wrenches Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Automotive Wrenches Market - Competitive Landscape |
10.1 Grenada Automotive Wrenches Market Revenue Share, By Companies, 2024 |
10.2 Grenada Automotive Wrenches 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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