| Product Code: ETC5888728 | 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 |
Grenada`s import shipments of in-wheel motors in 2024 saw a notable increase in concentration, with the top exporting countries being the USA, Trinidad and Tobago, UK, China, and Ireland. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, there was a significant growth rate of 13.08% from 2023 to 2024. The heightened Herfindahl-Hirschman Index (HHI) indicates a very high level of market concentration, suggesting a competitive landscape dominated by these key exporting nations. Grenada`s in-wheel motor import market appears to be experiencing dynamic shifts and opportunities for further analysis and strategic planning.
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 In-Wheel Motor Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada In-Wheel Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada In-Wheel Motor Market - Industry Life Cycle |
3.4 Grenada In-Wheel Motor Market - Porter's Five Forces |
3.5 Grenada In-Wheel Motor Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
3.6 Grenada In-Wheel Motor Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 Grenada In-Wheel Motor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.8 Grenada In-Wheel Motor Market Revenues & Volume Share, By Cooling Type, 2021 & 2031F |
3.9 Grenada In-Wheel Motor Market Revenues & Volume Share, By Power Output Type, 2021 & 2031F |
3.10 Grenada In-Wheel Motor Market Revenues & Volume Share, By Vehicle Class, 2021 & 2031F |
3.11 Grenada In-Wheel Motor Market Revenues & Volume Share, By Motor Weight, 2021 & 2031F |
4 Grenada In-Wheel Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in Grenada |
4.2.2 Government initiatives promoting sustainable transportation solutions |
4.2.3 Technological advancements in in-wheel motor technology |
4.3 Market Restraints |
4.3.1 High initial investment cost for in-wheel motors |
4.3.2 Limited consumer awareness and understanding of in-wheel motor technology |
4.3.3 Lack of infrastructure for electric vehicle charging in Grenada |
5 Grenada In-Wheel Motor Market Trends |
6 Grenada In-Wheel Motor Market Segmentations |
6.1 Grenada In-Wheel Motor Market, By Propulsion |
6.1.1 Overview and Analysis |
6.1.2 Grenada In-Wheel Motor Market Revenues & Volume, By BEV, 2021-2031F |
6.1.3 Grenada In-Wheel Motor Market Revenues & Volume, By FCEV, 2021-2031F |
6.1.4 Grenada In-Wheel Motor Market Revenues & Volume, By HEV, 2021-2031F |
6.1.5 Grenada In-Wheel Motor Market Revenues & Volume, By PHEV, 2021-2031F |
6.2 Grenada In-Wheel Motor Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada In-Wheel Motor Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.2.3 Grenada In-Wheel Motor Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
6.3 Grenada In-Wheel Motor Market, By Motor Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada In-Wheel Motor Market Revenues & Volume, By Axial Flux Motor, 2021-2031F |
6.3.3 Grenada In-Wheel Motor Market Revenues & Volume, By Radial Flux Motor, 2021-2031F |
6.4 Grenada In-Wheel Motor Market, By Cooling Type |
6.4.1 Overview and Analysis |
6.4.2 Grenada In-Wheel Motor Market Revenues & Volume, By Air-cooled, 2021-2031F |
6.4.3 Grenada In-Wheel Motor Market Revenues & Volume, By Liquid-cooled, 2021-2031F |
6.5 Grenada In-Wheel Motor Market, By Power Output Type |
6.5.1 Overview and Analysis |
6.5.2 Grenada In-Wheel Motor Market Revenues & Volume, By Up to 60 KW, 2021-2031F |
6.5.3 Grenada In-Wheel Motor Market Revenues & Volume, By 60? ??90 KW, 2021-2031F |
6.5.4 Grenada In-Wheel Motor Market Revenues & Volume, By Above 90 KW, 2021-2031F |
6.6 Grenada In-Wheel Motor Market, By Vehicle Class |
6.6.1 Overview and Analysis |
6.6.2 Grenada In-Wheel Motor Market Revenues & Volume, By Mid-priced, 2021-2031F |
6.6.3 Grenada In-Wheel Motor Market Revenues & Volume, By Luxury, 2021-2031F |
6.7 Grenada In-Wheel Motor Market, By Motor Weight |
6.7.1 Overview and Analysis |
6.7.2 Grenada In-Wheel Motor Market Revenues & Volume, By Less than 20 Kg, 2021-2031F |
6.7.3 Grenada In-Wheel Motor Market Revenues & Volume, By 20-30 Kg, 2021-2031F |
6.7.4 Grenada In-Wheel Motor Market Revenues & Volume, By , 2021-2031F |
7 Grenada In-Wheel Motor Market Import-Export Trade Statistics |
7.1 Grenada In-Wheel Motor Market Export to Major Countries |
7.2 Grenada In-Wheel Motor Market Imports from Major Countries |
8 Grenada In-Wheel Motor Market Key Performance Indicators |
8.1 Adoption rate of electric vehicles in Grenada |
8.2 Number of government policies supporting the use of electric vehicles |
8.3 Average cost reduction in in-wheel motor technology over time |
9 Grenada In-Wheel Motor Market - Opportunity Assessment |
9.1 Grenada In-Wheel Motor Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
9.2 Grenada In-Wheel Motor Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 Grenada In-Wheel Motor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
9.4 Grenada In-Wheel Motor Market Opportunity Assessment, By Cooling Type, 2021 & 2031F |
9.5 Grenada In-Wheel Motor Market Opportunity Assessment, By Power Output Type, 2021 & 2031F |
9.6 Grenada In-Wheel Motor Market Opportunity Assessment, By Vehicle Class, 2021 & 2031F |
9.7 Grenada In-Wheel Motor Market Opportunity Assessment, By Motor Weight, 2021 & 2031F |
10 Grenada In-Wheel Motor Market - Competitive Landscape |
10.1 Grenada In-Wheel Motor Market Revenue Share, By Companies, 2024 |
10.2 Grenada In-Wheel Motor 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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