| Product Code: ETC4947373 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to rely heavily on imports of motor vehicle braking system parts, with top exporting countries being USA, Japan, China, Trinidad and Tobago, and UAE. Despite a high concentration of imports, the market showed steady growth with a CAGR of 7.97% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -12.58%. This data indicates the importance of these key exporting countries in supplying essential braking components to meet Grenada`s automotive needs.
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 Motor Vehicle Braking System Parts Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Motor Vehicle Braking System Parts Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Motor Vehicle Braking System Parts Market - Industry Life Cycle |
3.4 Grenada Motor Vehicle Braking System Parts Market - Porter's Five Forces |
3.5 Grenada Motor Vehicle Braking System Parts Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Grenada Motor Vehicle Braking System Parts Market Revenues & Volume Share, By Brake Pad Material Type, 2021 & 2031F |
3.7 Grenada Motor Vehicle Braking System Parts Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.8 Grenada Motor Vehicle Braking System Parts Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Grenada Motor Vehicle Braking System Parts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Motor Vehicle Braking System Parts Market Trends |
6 Grenada Motor Vehicle Braking System Parts Market Segmentations |
6.1 Grenada Motor Vehicle Braking System Parts Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Grenada Motor Vehicle Braking System Parts Market Revenues & Volume, By Disc Brakes, 2021-2031F |
6.1.3 Grenada Motor Vehicle Braking System Parts Market Revenues & Volume, By Drum Brakes, 2021-2031F |
6.2 Grenada Motor Vehicle Braking System Parts Market, By Brake Pad Material Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Motor Vehicle Braking System Parts Market Revenues & Volume, By Organic, 2021-2031F |
6.2.3 Grenada Motor Vehicle Braking System Parts Market Revenues & Volume, By Metallic, 2021-2031F |
6.2.4 Grenada Motor Vehicle Braking System Parts Market Revenues & Volume, By Ceramic, 2021-2031F |
6.3 Grenada Motor Vehicle Braking System Parts Market, By Sales Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Motor Vehicle Braking System Parts Market Revenues & Volume, By Original Equipment Manufacturers (OEM), 2021-2031F |
6.3.3 Grenada Motor Vehicle Braking System Parts Market Revenues & Volume, By Aftermarket, 2021-2031F |
6.4 Grenada Motor Vehicle Braking System Parts Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Grenada Motor Vehicle Braking System Parts Market Revenues & Volume, By Passenger Cars, 2021-2031F |
6.4.3 Grenada Motor Vehicle Braking System Parts Market Revenues & Volume, By Commercial Vehicles, 2021-2031F |
7 Grenada Motor Vehicle Braking System Parts Market Import-Export Trade Statistics |
7.1 Grenada Motor Vehicle Braking System Parts Market Export to Major Countries |
7.2 Grenada Motor Vehicle Braking System Parts Market Imports from Major Countries |
8 Grenada Motor Vehicle Braking System Parts Market Key Performance Indicators |
9 Grenada Motor Vehicle Braking System Parts Market - Opportunity Assessment |
9.1 Grenada Motor Vehicle Braking System Parts Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Grenada Motor Vehicle Braking System Parts Market Opportunity Assessment, By Brake Pad Material Type, 2021 & 2031F |
9.3 Grenada Motor Vehicle Braking System Parts Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.4 Grenada Motor Vehicle Braking System Parts Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Grenada Motor Vehicle Braking System Parts Market - Competitive Landscape |
10.1 Grenada Motor Vehicle Braking System Parts Market Revenue Share, By Companies, 2024 |
10.2 Grenada Motor Vehicle Braking System Parts 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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