| Product Code: ETC5166557 | 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 |
The import shipments of bearings to Grenada in 2024 continued to showcase high concentration, with the top exporting countries being the USA, UK, Japan, China, and UAE. Despite a notable CAGR of 16.61% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -13.15%. This data suggests a stable market for bearing imports in Grenada, with key players maintaining their dominance in the industry.
The Bearings market in Grenada is projected to grow at a stable growth rate of 1.39% by 2027, within the North America region led by United States of America, along with other countries like Canada, Trinidad and Tobago, Jamaica and Bahamas, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Bearings Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Bearings Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Bearings Market - Industry Life Cycle |
3.4 Grenada Bearings Market - Porter's Five Forces |
3.5 Grenada Bearings Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Bearings Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Bearings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automotive and industrial machinery in Grenada |
4.2.2 Rising investments in infrastructure projects driving demand for bearings |
4.2.3 Technological advancements leading to the development of high-performance bearings |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting manufacturing costs |
4.3.2 Competition from low-cost bearing manufacturers in other regions |
4.3.3 Economic instability affecting consumer purchasing power in Grenada |
5 Grenada Bearings Market Trends |
6 Grenada Bearings Market Segmentations |
6.1 Grenada Bearings Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Bearings Market Revenues & Volume, By Ball Bearings, 2021-2031F |
6.1.3 Grenada Bearings Market Revenues & Volume, By Roller Bearings, 2021-2031F |
6.2 Grenada Bearings Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Bearings Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Grenada Bearings Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.4 Grenada Bearings Market Revenues & Volume, By Electrical, 2021-2031F |
6.2.5 Grenada Bearings Market Revenues & Volume, By Mining & Construction, 2021-2031F |
6.2.6 Grenada Bearings Market Revenues & Volume, By Railway & Aerospace, 2021-2031F |
6.2.7 Grenada Bearings Market Revenues & Volume, By Automotive Aftermarket, 2021-2031F |
7 Grenada Bearings Market Import-Export Trade Statistics |
7.1 Grenada Bearings Market Export to Major Countries |
7.2 Grenada Bearings Market Imports from Major Countries |
8 Grenada Bearings Market Key Performance Indicators |
8.1 Average selling price of bearings in Grenada |
8.2 Number of new product launches in the bearings market |
8.3 Adoption rate of advanced bearing technologies in Grenada |
9 Grenada Bearings Market - Opportunity Assessment |
9.1 Grenada Bearings Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Bearings Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Bearings Market - Competitive Landscape |
10.1 Grenada Bearings Market Revenue Share, By Companies, 2024 |
10.2 Grenada Bearings 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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