| Product Code: ETC7366122 | 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 |
The import shipments of car bulbs to Grenada in 2024 continued to be dominated by top exporting countries including USA, UK, Hong Kong, Germany, and China. Despite a slight decrease in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 remained positive at 10.79%. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a high level in 2024, indicating a competitive market landscape. Grenada`s import market for car bulbs is likely to see sustained interest from these key exporting countries 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 Car Bulb Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Car Bulb Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Car Bulb Market - Industry Life Cycle |
3.4 Grenada Car Bulb Market - Porter's Five Forces |
3.5 Grenada Car Bulb Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Car Bulb Market Revenues & Volume Share, By Number of Filament, 2021 & 2031F |
3.7 Grenada Car Bulb Market Revenues & Volume Share, By Positioning of Bulb, 2021 & 2031F |
3.8 Grenada Car Bulb Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.9 Grenada Car Bulb Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Car Bulb Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient lighting solutions |
4.2.2 Growth in the automotive industry in Grenada |
4.2.3 Technological advancements in car bulb technology |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Competition from alternative lighting solutions |
4.3.3 Economic instability in Grenada affecting consumer spending |
5 Grenada Car Bulb Market Trends |
6 Grenada Car Bulb Market, By Types |
6.1 Grenada Car Bulb Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Car Bulb Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Car Bulb Market Revenues & Volume, By Halogen, 2021- 2031F |
6.1.4 Grenada Car Bulb Market Revenues & Volume, By Xenon and Light Emitting Diode (LED), 2021- 2031F |
6.2 Grenada Car Bulb Market, By Number of Filament |
6.2.1 Overview and Analysis |
6.2.2 Grenada Car Bulb Market Revenues & Volume, By One, 2021- 2031F |
6.2.3 Grenada Car Bulb Market Revenues & Volume, By Two, 2021- 2031F |
6.3 Grenada Car Bulb Market, By Positioning of Bulb |
6.3.1 Overview and Analysis |
6.3.2 Grenada Car Bulb Market Revenues & Volume, By Interior Car Bulb, 2021- 2031F |
6.3.3 Grenada Car Bulb Market Revenues & Volume, By Exterior Car Bulb, 2021- 2031F |
6.4 Grenada Car Bulb Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Grenada Car Bulb Market Revenues & Volume, By Compact, 2021- 2031F |
6.4.3 Grenada Car Bulb Market Revenues & Volume, By Mid- Size, 2021- 2031F |
6.4.4 Grenada Car Bulb Market Revenues & Volume, By Luxury, 2021- 2031F |
6.4.5 Grenada Car Bulb Market Revenues & Volume, By SUV, 2021- 2031F |
6.5 Grenada Car Bulb Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Grenada Car Bulb Market Revenues & Volume, By Tail Lights, 2021- 2031F |
6.5.3 Grenada Car Bulb Market Revenues & Volume, By Daylight Running Lights, 2021- 2031F |
6.5.4 Grenada Car Bulb Market Revenues & Volume, By Fog Lights, 2021- 2031F |
6.5.5 Grenada Car Bulb Market Revenues & Volume, By Signal Lights, 2021- 2031F |
6.5.6 Grenada Car Bulb Market Revenues & Volume, By Brake Lights, 2021- 2031F |
6.5.7 Grenada Car Bulb Market Revenues & Volume, By Hazard Lights, 2021- 2031F |
7 Grenada Car Bulb Market Import-Export Trade Statistics |
7.1 Grenada Car Bulb Market Export to Major Countries |
7.2 Grenada Car Bulb Market Imports from Major Countries |
8 Grenada Car Bulb Market Key Performance Indicators |
8.1 Adoption rate of LED car bulbs in Grenada |
8.2 Number of new car registrations in Grenada |
8.3 Rate of innovation and new product launches in the car bulb market |
9 Grenada Car Bulb Market - Opportunity Assessment |
9.1 Grenada Car Bulb Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Car Bulb Market Opportunity Assessment, By Number of Filament, 2021 & 2031F |
9.3 Grenada Car Bulb Market Opportunity Assessment, By Positioning of Bulb, 2021 & 2031F |
9.4 Grenada Car Bulb Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.5 Grenada Car Bulb Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Car Bulb Market - Competitive Landscape |
10.1 Grenada Car Bulb Market Revenue Share, By Companies, 2024 |
10.2 Grenada Car Bulb 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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