| Product Code: ETC12593062 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The luxury SUV import market in Grenada saw a slight growth in 2024, with the top exporting countries being the USA, Germany, Canada, Japan, and Singapore. Despite a negative CAGR from 2020-24, there was a small uptick in growth from 2023-24. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges for new entrants. Grenada continues to be an attractive destination for luxury SUV imports, with key players maintaining their dominance in the market.
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 Luxury SUV Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Luxury SUV Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Luxury SUV Market - Industry Life Cycle |
3.4 Grenada Luxury SUV Market - Porter's Five Forces |
3.5 Grenada Luxury SUV Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Luxury SUV Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 Grenada Luxury SUV Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Luxury SUV Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income in Grenada leading to higher purchasing power for luxury SUVs |
4.2.2 Growing demand for luxury and high-performance vehicles in the region |
4.2.3 Shift in consumer preference towards SUVs for their versatility and comfort |
4.3 Market Restraints |
4.3.1 High import duties and taxes on luxury vehicles impacting affordability |
4.3.2 Limited availability of luxury SUV models in Grenada |
4.3.3 Economic uncertainties affecting consumer confidence and willingness to invest in high-end vehicles |
5 Grenada Luxury SUV Market Trends |
6 Grenada Luxury SUV Market, By Types |
6.1 Grenada Luxury SUV Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Luxury SUV Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Luxury SUV Market Revenues & Volume, By Compact Luxury SUV, 2021 - 2031F |
6.1.4 Grenada Luxury SUV Market Revenues & Volume, By Mid-Size Luxury SUV, 2021 - 2031F |
6.1.5 Grenada Luxury SUV Market Revenues & Volume, By Full-Size Luxury SUV, 2021 - 2031F |
6.1.6 Grenada Luxury SUV Market Revenues & Volume, By Performance Luxury SUV, 2021 - 2031F |
6.1.7 Grenada Luxury SUV Market Revenues & Volume, By Off-Road Luxury SUV, 2021 - 2031F |
6.2 Grenada Luxury SUV Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Luxury SUV Market Revenues & Volume, By Gasoline, 2021 - 2031F |
6.2.3 Grenada Luxury SUV Market Revenues & Volume, By Diesel, 2021 - 2031F |
6.2.4 Grenada Luxury SUV Market Revenues & Volume, By Electric, 2021 - 2031F |
6.2.5 Grenada Luxury SUV Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.3 Grenada Luxury SUV Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Luxury SUV Market Revenues & Volume, By Personal, 2021 - 2031F |
6.3.3 Grenada Luxury SUV Market Revenues & Volume, By Corporate, 2021 - 2031F |
6.3.4 Grenada Luxury SUV Market Revenues & Volume, By Government, 2021 - 2031F |
7 Grenada Luxury SUV Market Import-Export Trade Statistics |
7.1 Grenada Luxury SUV Market Export to Major Countries |
7.2 Grenada Luxury SUV Market Imports from Major Countries |
8 Grenada Luxury SUV Market Key Performance Indicators |
8.1 Average selling price of luxury SUVs in Grenada |
8.2 Number of new luxury SUV models introduced in the Grenada market |
8.3 Average age of luxury SUVs on the road in Grenada |
9 Grenada Luxury SUV Market - Opportunity Assessment |
9.1 Grenada Luxury SUV Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Luxury SUV Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 Grenada Luxury SUV Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Luxury SUV Market - Competitive Landscape |
10.1 Grenada Luxury SUV Market Revenue Share, By Companies, 2024 |
10.2 Grenada Luxury SUV 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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