| Product Code: ETC7365655 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada continues to heavily rely on brake pad imports, with top exporters being the USA, Japan, Canada, UK, and China in 2024. The market shows high concentration with a high Herfindahl-Hirschman Index (HHI). Despite a modest Compound Annual Growth Rate (CAGR) of 3.11% from 2020 to 2024, there was a sharp decline in growth rate from 2023 to 2024 at -51.92%. This indicates potential challenges or shifts in the market dynamics that importers and stakeholders may need to navigate in the coming years.
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 Brake Pad Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Brake Pad Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Brake Pad Market - Industry Life Cycle |
3.4 Grenada Brake Pad Market - Porter's Five Forces |
3.5 Grenada Brake Pad Market Revenues & Volume Share, By Brake Pad Material, 2021 & 2031F |
3.6 Grenada Brake Pad Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Grenada Brake Pad Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for vehicles in Grenada |
4.2.2 Growth in the automotive industry in Grenada |
4.2.3 Technological advancements and innovations in brake pad materials |
4.2.4 Stringent regulations focusing on vehicle safety and emissions |
4.2.5 Rising consumer awareness about the importance of brake maintenance |
4.3 Market Restraints |
4.3.1 High initial cost of advanced brake pad materials |
4.3.2 Economic uncertainty impacting consumer spending on vehicle maintenance |
4.3.3 Competition from low-cost brake pad imports |
4.3.4 Limited availability of skilled labor for brake pad manufacturing and installation |
4.3.5 Environmental concerns related to brake pad materials and disposal |
5 Grenada Brake Pad Market Trends |
6 Grenada Brake Pad Market, By Types |
6.1 Grenada Brake Pad Market, By Brake Pad Material |
6.1.1 Overview and Analysis |
6.1.2 Grenada Brake Pad Market Revenues & Volume, By Brake Pad Material, 2021- 2031F |
6.1.3 Grenada Brake Pad Market Revenues & Volume, By Metallic, 2021- 2031F |
6.1.4 Grenada Brake Pad Market Revenues & Volume, By Ceramic, 2021- 2031F |
6.1.5 Grenada Brake Pad Market Revenues & Volume, By Organic, 2021- 2031F |
6.2 Grenada Brake Pad Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Brake Pad Market Revenues & Volume, By Two Wheeler Vehicles, 2021- 2031F |
6.2.3 Grenada Brake Pad Market Revenues & Volume, By Passenger Vehicles, 2021- 2031F |
6.2.4 Grenada Brake Pad Market Revenues & Volume, By Commercial Vehicles, 2021- 2031F |
6.2.5 Grenada Brake Pad Market Revenues & Volume, By Off-road Vehicles, 2021- 2031F |
7 Grenada Brake Pad Market Import-Export Trade Statistics |
7.1 Grenada Brake Pad Market Export to Major Countries |
7.2 Grenada Brake Pad Market Imports from Major Countries |
8 Grenada Brake Pad Market Key Performance Indicators |
8.1 Average lifespan of brake pads in Grenada vehicles |
8.2 Adoption rate of advanced brake pad materials in the market |
8.3 Number of vehicles on the road in Grenada using locally manufactured brake pads |
8.4 Percentage of vehicles passing safety inspections due to brake pad quality |
8.5 Rate of consumer satisfaction with brake pad performance and durability |
9 Grenada Brake Pad Market - Opportunity Assessment |
9.1 Grenada Brake Pad Market Opportunity Assessment, By Brake Pad Material, 2021 & 2031F |
9.2 Grenada Brake Pad Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Grenada Brake Pad Market - Competitive Landscape |
10.1 Grenada Brake Pad Market Revenue Share, By Companies, 2024 |
10.2 Grenada Brake Pad Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |