Grenada Balance Shaft Market (2025-2031) | Trends, Industry, Outlook, Size, Growth, Revenue, Share, Companies, Forecast, Segmentation, Value & Analysis

Market Forecast By Engine Type (Inline-3 Cylinder, Inline-4 Cylinder, Inline-5 Cylinder, V-6 Cylinder), By Manufacturing Process (Forged , Cast Balance Shaft) And Competitive Landscape
Product Code: ETC5893117 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 Balance Shaft Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Grenada continued to see a high concentration of balance shaft imports, with top exporting countries being the USA, Netherlands, Germany, Trinidad and Tobago, and China. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained very high. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 11.34%, indicating a robust growth trend. Additionally, the growth rate from 2023 to 2024 was 7.39%, demonstrating ongoing momentum in the import of balance shafts to Grenada.

Key Highlights of the Report:

  • Grenada Balance Shaft Market Outlook
  • Market Size of Grenada Balance Shaft Market, 2024
  • Forecast of Grenada Balance Shaft Market, 2031
  • Historical Data and Forecast of Grenada Balance Shaft Revenues & Volume for the Period 2021-2031
  • Grenada Balance Shaft Market Trend Evolution
  • Grenada Balance Shaft Market Drivers and Challenges
  • Grenada Balance Shaft Price Trends
  • Grenada Balance Shaft Porter`s Five Forces
  • Grenada Balance Shaft Industry Life Cycle
  • Historical Data and Forecast of Grenada Balance Shaft Market Revenues & Volume By Engine Type for the Period 2021-2031
  • Historical Data and Forecast of Grenada Balance Shaft Market Revenues & Volume By Inline-3 Cylinder for the Period 2021-2031
  • Historical Data and Forecast of Grenada Balance Shaft Market Revenues & Volume By Inline-4 Cylinder for the Period 2021-2031
  • Historical Data and Forecast of Grenada Balance Shaft Market Revenues & Volume By Inline-5 Cylinder for the Period 2021-2031
  • Historical Data and Forecast of Grenada Balance Shaft Market Revenues & Volume By V-6 Cylinder for the Period 2021-2031
  • Historical Data and Forecast of Grenada Balance Shaft Market Revenues & Volume By Manufacturing Process for the Period 2021-2031
  • Historical Data and Forecast of Grenada Balance Shaft Market Revenues & Volume By Forged for the Period 2021-2031
  • Historical Data and Forecast of Grenada Balance Shaft Market Revenues & Volume By Cast Balance Shaft for the Period 2021-2031
  • Grenada Balance Shaft Import Export Trade Statistics
  • Market Opportunity Assessment By Engine Type
  • Market Opportunity Assessment By Manufacturing Process
  • Grenada Balance Shaft Top Companies Market Share
  • Grenada Balance Shaft Competitive Benchmarking By Technical and Operational Parameters
  • Grenada Balance Shaft Company Profiles
  • Grenada Balance Shaft Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Grenada Balance Shaft 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 Balance Shaft Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Balance Shaft Market Overview

3.1 Grenada Country Macro Economic Indicators

3.2 Grenada Balance Shaft Market Revenues & Volume, 2021 & 2031F

3.3 Grenada Balance Shaft Market - Industry Life Cycle

3.4 Grenada Balance Shaft Market - Porter's Five Forces

3.5 Grenada Balance Shaft Market Revenues & Volume Share, By Engine Type, 2021 & 2031F

3.6 Grenada Balance Shaft Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F

4 Grenada Balance Shaft Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for fuel-efficient vehicles leading to the adoption of balance shafts in automotive engines

4.2.2 Growing automotive production globally, especially in emerging markets like India and China

4.2.3 Technological advancements in balance shaft materials and manufacturing processes

4.3 Market Restraints

4.3.1 Fluctuating raw material prices impacting the manufacturing costs of balance shafts

4.3.2 Stringent emission regulations pushing manufacturers to invest in alternative technologies

4.3.3 Competition from substitute technologies like electric vehicles affecting the demand for traditional engine components

5 Grenada Balance Shaft Market Trends

6 Grenada Balance Shaft Market Segmentations

6.1 Grenada Balance Shaft Market, By Engine Type

6.1.1 Overview and Analysis

6.1.2 Grenada Balance Shaft Market Revenues & Volume, By Inline-3 Cylinder, 2021-2031F

6.1.3 Grenada Balance Shaft Market Revenues & Volume, By Inline-4 Cylinder, 2021-2031F

6.1.4 Grenada Balance Shaft Market Revenues & Volume, By Inline-5 Cylinder, 2021-2031F

6.1.5 Grenada Balance Shaft Market Revenues & Volume, By V-6 Cylinder, 2021-2031F

6.2 Grenada Balance Shaft Market, By Manufacturing Process

6.2.1 Overview and Analysis

6.2.2 Grenada Balance Shaft Market Revenues & Volume, By Forged , 2021-2031F

6.2.3 Grenada Balance Shaft Market Revenues & Volume, By Cast Balance Shaft, 2021-2031F

7 Grenada Balance Shaft Market Import-Export Trade Statistics

7.1 Grenada Balance Shaft Market Export to Major Countries

7.2 Grenada Balance Shaft Market Imports from Major Countries

8 Grenada Balance Shaft Market Key Performance Indicators

8.1 Average fuel efficiency of vehicles in the market

8.2 Number of new automotive production facilities established in emerging markets

8.3 Adoption rate of advanced balance shaft materials and technologies in the industry

9 Grenada Balance Shaft Market - Opportunity Assessment

9.1 Grenada Balance Shaft Market Opportunity Assessment, By Engine Type, 2021 & 2031F

9.2 Grenada Balance Shaft Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F

10 Grenada Balance Shaft Market - Competitive Landscape

10.1 Grenada Balance Shaft Market Revenue Share, By Companies, 2024

10.2 Grenada Balance Shaft Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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