| Product Code: ETC5888196 | 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 |
The import shipments of Grenada electric 3-wheelers in 2024 saw a significant increase in concentration among the top exporting countries, with Japan, China, UK, USA, and South Korea leading the pack. The high Herfindahl-Hirschman Index (HHI) in 2023 intensified further in 2024, indicating a growing market dominance by key players. The impressive compound annual growth rate (CAGR) of 75.97% from 2020 to 2024 highlights the rapid expansion of this market segment. Moreover, the exceptional growth rate of 277.13% from 2023 to 2024 underscores the escalating demand for electric 3-wheelers in 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 Electric 3-Wheeler Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Electric 3-Wheeler Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Electric 3-Wheeler Market - Industry Life Cycle |
3.4 Grenada Electric 3-Wheeler Market - Porter's Five Forces |
3.5 Grenada Electric 3-Wheeler Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.6 Grenada Electric 3-Wheeler Market Revenues & Volume Share, By Motor Power, 2021 & 2031F |
3.7 Grenada Electric 3-Wheeler Market Revenues & Volume Share, By Battery Capacity, 2021 & 2031F |
3.8 Grenada Electric 3-Wheeler Market Revenues & Volume Share, By Range, 2021 & 2031F |
3.9 Grenada Electric 3-Wheeler Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.10 Grenada Electric 3-Wheeler Market Revenues & Volume Share, By Payload Capacity, 2021 & 2031F |
4 Grenada Electric 3-Wheeler Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of electric vehicles for environmental sustainability |
4.2.2 Government incentives and policies promoting electric vehicles |
4.2.3 Rising fuel prices leading to higher demand for fuel-efficient transportation options |
4.3 Market Restraints |
4.3.1 High initial cost of electric 3-wheelers compared to traditional gasoline-powered vehicles |
4.3.2 Limited charging infrastructure for electric vehicles in Grenada |
5 Grenada Electric 3-Wheeler Market Trends |
6 Grenada Electric 3-Wheeler Market Segmentations |
6.1 Grenada Electric 3-Wheeler Market, By End-Use |
6.1.1 Overview and Analysis |
6.1.2 Grenada Electric 3-Wheeler Market Revenues & Volume, By Passenger Carrier, 2021-2031F |
6.1.3 Grenada Electric 3-Wheeler Market Revenues & Volume, By Load Carrier, 2021-2031F |
6.2 Grenada Electric 3-Wheeler Market, By Motor Power |
6.2.1 Overview and Analysis |
6.2.2 Grenada Electric 3-Wheeler Market Revenues & Volume, By Below 1,000 W, 2021-2031F |
6.2.3 Grenada Electric 3-Wheeler Market Revenues & Volume, By 1,000-1,500 W, 2021-2031F |
6.2.4 Grenada Electric 3-Wheeler Market Revenues & Volume, By Above 1,500 W, 2021-2031F |
6.3 Grenada Electric 3-Wheeler Market, By Battery Capacity |
6.3.1 Overview and Analysis |
6.3.2 Grenada Electric 3-Wheeler Market Revenues & Volume, By Below 3 kWh, 2021-2031F |
6.3.3 Grenada Electric 3-Wheeler Market Revenues & Volume, By 3-6 kWh, 2021-2031F |
6.3.4 Grenada Electric 3-Wheeler Market Revenues & Volume, By Above 6 kWh, 2021-2031F |
6.4 Grenada Electric 3-Wheeler Market, By Range |
6.4.1 Overview and Analysis |
6.4.2 Grenada Electric 3-Wheeler Market Revenues & Volume, By Up to 50 Miles, 2021-2031F |
6.4.3 Grenada Electric 3-Wheeler Market Revenues & Volume, By Above 50 Miles, 2021-2031F |
6.5 Grenada Electric 3-Wheeler Market, By Battery Type |
6.5.1 Overview and Analysis |
6.5.2 Grenada Electric 3-Wheeler Market Revenues & Volume, By Lead-acid Battery, 2021-2031F |
6.5.3 Grenada Electric 3-Wheeler Market Revenues & Volume, By Lithium-ion Battery, 2021-2031F |
6.5.4 Grenada Electric 3-Wheeler Market Revenues & Volume, By Other, 2021-2031F |
6.6 Grenada Electric 3-Wheeler Market, By Payload Capacity |
6.6.1 Overview and Analysis |
6.6.2 Grenada Electric 3-Wheeler Market Revenues & Volume, By Up to 300 kg, 2021-2031F |
6.6.3 Grenada Electric 3-Wheeler Market Revenues & Volume, By 300-500 kg, 2021-2031F |
6.6.4 Grenada Electric 3-Wheeler Market Revenues & Volume, By Above 500 kg, 2021-2031F |
7 Grenada Electric 3-Wheeler Market Import-Export Trade Statistics |
7.1 Grenada Electric 3-Wheeler Market Export to Major Countries |
7.2 Grenada Electric 3-Wheeler Market Imports from Major Countries |
8 Grenada Electric 3-Wheeler Market Key Performance Indicators |
8.1 Average daily mileage covered by Grenada electric 3-wheelers |
8.2 Number of charging stations available in Grenada |
8.3 Percentage of government subsidies allocated to electric vehicle industry |
8.4 Average maintenance cost of Grenada electric 3-wheelers |
8.5 Customer satisfaction ratings for Grenada electric 3-wheelers |
9 Grenada Electric 3-Wheeler Market - Opportunity Assessment |
9.1 Grenada Electric 3-Wheeler Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.2 Grenada Electric 3-Wheeler Market Opportunity Assessment, By Motor Power, 2021 & 2031F |
9.3 Grenada Electric 3-Wheeler Market Opportunity Assessment, By Battery Capacity, 2021 & 2031F |
9.4 Grenada Electric 3-Wheeler Market Opportunity Assessment, By Range, 2021 & 2031F |
9.5 Grenada Electric 3-Wheeler Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.6 Grenada Electric 3-Wheeler Market Opportunity Assessment, By Payload Capacity, 2021 & 2031F |
10 Grenada Electric 3-Wheeler Market - Competitive Landscape |
10.1 Grenada Electric 3-Wheeler Market Revenue Share, By Companies, 2024 |
10.2 Grenada Electric 3-Wheeler 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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