| Product Code: ETC5399706 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Grenada`s marine propulsion systems import market in 2024 continued to be dominated by top exporting countries such as Japan, USA, UK, Trinidad and Tobago, and others. Despite a high Herfindahl-Hirschman Index (HHI) indicating significant market concentration, the industry saw a negative Compound Annual Growth Rate (CAGR) of -9.15% from 2020 to 2024. The growth rate from 2023 to 2024 experienced a steep decline of -47.03%, highlighting potential challenges or shifts in the market dynamics during that period.
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 Marine Propulsion Systems Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Marine Propulsion Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Marine Propulsion Systems Market - Industry Life Cycle |
3.4 Grenada Marine Propulsion Systems Market - Porter's Five Forces |
3.5 Grenada Marine Propulsion Systems Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Marine Propulsion Systems Market Revenues & Volume Share, By Power, 2021 & 2031F |
3.7 Grenada Marine Propulsion Systems Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Grenada Marine Propulsion Systems Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
3.9 Grenada Marine Propulsion Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Marine Propulsion Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient propulsion systems in the marine industry |
4.2.2 Growing focus on reducing emissions and environmental impact of marine vessels |
4.2.3 Rise in marine tourism and recreational boating activities in Grenada |
4.3 Market Restraints |
4.3.1 High upfront costs associated with marine propulsion systems |
4.3.2 Limited availability of skilled workforce for installation and maintenance of propulsion systems |
4.3.3 Regulatory challenges and compliance requirements in the marine industry |
5 Grenada Marine Propulsion Systems Market Trends |
6 Grenada Marine Propulsion Systems Market Segmentations |
6.1 Grenada Marine Propulsion Systems Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Marine Propulsion Systems Market Revenues & Volume, By Diesel, 2021-2031F |
6.1.3 Grenada Marine Propulsion Systems Market Revenues & Volume, By Wind & Solar, 2021-2031F |
6.1.4 Grenada Marine Propulsion Systems Market Revenues & Volume, By Gas Turbine, 2021-2031F |
6.1.5 Grenada Marine Propulsion Systems Market Revenues & Volume, By Fuel Cell, 2021-2031F |
6.1.6 Grenada Marine Propulsion Systems Market Revenues & Volume, By Steam Turbine, 2021-2031F |
6.1.7 Grenada Marine Propulsion Systems Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.2 Grenada Marine Propulsion Systems Market, By Power |
6.2.1 Overview and Analysis |
6.2.2 Grenada Marine Propulsion Systems Market Revenues & Volume, By Below 1,000 HP, 2021-2031F |
6.2.3 Grenada Marine Propulsion Systems Market Revenues & Volume, By 1,001-5,000 HP, 2021-2031F |
6.2.4 Grenada Marine Propulsion Systems Market Revenues & Volume, By 5,001-10,000 HP, 2021-2031F |
6.2.5 Grenada Marine Propulsion Systems Market Revenues & Volume, By 10,001-20,000 HP, 2021-2031F |
6.2.6 Grenada Marine Propulsion Systems Market Revenues & Volume, By Above 20,000 HP, 2021-2031F |
6.3 Grenada Marine Propulsion Systems Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Grenada Marine Propulsion Systems Market Revenues & Volume, By Low Speed, 2021-2031F |
6.3.3 Grenada Marine Propulsion Systems Market Revenues & Volume, By Medium Speed, 2021-2031F |
6.3.4 Grenada Marine Propulsion Systems Market Revenues & Volume, By High Speed, 2021-2031F |
6.4 Grenada Marine Propulsion Systems Market, By Propulsion |
6.4.1 Overview and Analysis |
6.4.2 Grenada Marine Propulsion Systems Market Revenues & Volume, By 2 Stroke, 2021-2031F |
6.4.3 Grenada Marine Propulsion Systems Market Revenues & Volume, By 4 Stroke, 2021-2031F |
6.5 Grenada Marine Propulsion Systems Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Grenada Marine Propulsion Systems Market Revenues & Volume, By Commercial, 2021-2031F |
6.5.3 Grenada Marine Propulsion Systems Market Revenues & Volume, By Offshore, 2021-2031F |
6.5.4 Grenada Marine Propulsion Systems Market Revenues & Volume, By Recreational, 2021-2031F |
6.5.5 Grenada Marine Propulsion Systems Market Revenues & Volume, By Navy, 2021-2031F |
6.5.6 Grenada Marine Propulsion Systems Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Marine Propulsion Systems Market Import-Export Trade Statistics |
7.1 Grenada Marine Propulsion Systems Market Export to Major Countries |
7.2 Grenada Marine Propulsion Systems Market Imports from Major Countries |
8 Grenada Marine Propulsion Systems Market Key Performance Indicators |
8.1 Average fuel efficiency improvement achieved by vessels using advanced propulsion systems |
8.2 Number of new marine propulsion system installations in Grenada |
8.3 Percentage of marine vessels in Grenada equipped with eco-friendly propulsion technologies |
8.4 Average downtime for marine vessels due to propulsion system maintenance or repairs |
9 Grenada Marine Propulsion Systems Market - Opportunity Assessment |
9.1 Grenada Marine Propulsion Systems Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Marine Propulsion Systems Market Opportunity Assessment, By Power, 2021 & 2031F |
9.3 Grenada Marine Propulsion Systems Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 Grenada Marine Propulsion Systems Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
9.5 Grenada Marine Propulsion Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Marine Propulsion Systems Market - Competitive Landscape |
10.1 Grenada Marine Propulsion Systems Market Revenue Share, By Companies, 2024 |
10.2 Grenada Marine Propulsion Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |