| 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 |
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.
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 |