| Product Code: ETC5893250 | 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 |
In 2024, Grenada continued to see significant import shipments of spark plugs, with the top countries exporting being the USA, Puerto Rico, UAE, Japan, and the UK. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 11.44% from 2020 to 2024 demonstrates sustained demand. Moreover, the growth rate of 17.7% from 2023 to 2024 highlights a potential acceleration in the market. Grenada`s reliance on these key exporting countries underscores the importance of monitoring trends and developments in the global spark plug industry.
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 Spark Plugs Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Spark Plugs Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Spark Plugs Market - Industry Life Cycle |
3.4 Grenada Spark Plugs Market - Porter's Five Forces |
3.5 Grenada Spark Plugs Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Grenada Spark Plugs Market Revenues & Volume Share, By Engine Cylinder Layout Type, 2021 & 2031F |
3.7 Grenada Spark Plugs Market Revenues & Volume Share, By Market Type, 2021 & 2031F |
3.8 Grenada Spark Plugs Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Grenada Spark Plugs Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles |
4.2.2 Growing automotive industry in Grenada |
4.2.3 Technological advancements in spark plug materials and designs |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Competition from alternative ignition technologies |
4.3.3 Economic downturn impacting consumer spending on automotive maintenance |
5 Grenada Spark Plugs Market Trends |
6 Grenada Spark Plugs Market Segmentations |
6.1 Grenada Spark Plugs Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Spark Plugs Market Revenues & Volume, By Spark Plugs, 2021-2031F |
6.1.3 Grenada Spark Plugs Market Revenues & Volume, By Glow Plug, 2021-2031F |
6.2 Grenada Spark Plugs Market, By Engine Cylinder Layout Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Spark Plugs Market Revenues & Volume, By L3, 2021-2031F |
6.2.3 Grenada Spark Plugs Market Revenues & Volume, By L4, 2021-2031F |
6.2.4 Grenada Spark Plugs Market Revenues & Volume, By L5, 2021-2031F |
6.2.5 Grenada Spark Plugs Market Revenues & Volume, By L6, 2021-2031F |
6.2.6 Grenada Spark Plugs Market Revenues & Volume, By V6, 2021-2031F |
6.2.7 Grenada Spark Plugs Market Revenues & Volume, By H6, 2021-2031F |
6.2.8 Grenada Spark Plugs Market Revenues & Volume, By V10, 2021-2031F |
6.2.9 Grenada Spark Plugs Market Revenues & Volume, By V10, 2021-2031F |
6.3 Grenada Spark Plugs Market, By Market Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Spark Plugs Market Revenues & Volume, By OE, 2021-2031F |
6.3.3 Grenada Spark Plugs Market Revenues & Volume, By Aftermarket, 2021-2031F |
6.4 Grenada Spark Plugs Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Grenada Spark Plugs Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.4.3 Grenada Spark Plugs Market Revenues & Volume, By Light Commercial Vehicles (LCV), 2021-2031F |
6.4.4 Grenada Spark Plugs Market Revenues & Volume, By Heavy Commercial Vehicles (HCV), 2021-2031F |
7 Grenada Spark Plugs Market Import-Export Trade Statistics |
7.1 Grenada Spark Plugs Market Export to Major Countries |
7.2 Grenada Spark Plugs Market Imports from Major Countries |
8 Grenada Spark Plugs Market Key Performance Indicators |
8.1 Average lifespan of spark plugs in Grenada |
8.2 Adoption rate of advanced spark plug technologies |
8.3 Frequency of spark plug replacements in vehicles |
9 Grenada Spark Plugs Market - Opportunity Assessment |
9.1 Grenada Spark Plugs Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Grenada Spark Plugs Market Opportunity Assessment, By Engine Cylinder Layout Type, 2021 & 2031F |
9.3 Grenada Spark Plugs Market Opportunity Assessment, By Market Type, 2021 & 2031F |
9.4 Grenada Spark Plugs Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Grenada Spark Plugs Market - Competitive Landscape |
10.1 Grenada Spark Plugs Market Revenue Share, By Companies, 2024 |
10.2 Grenada Spark Plugs 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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