| Product Code: ETC7382760 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to heavily rely on imports of transit buses, with Japan, China, Thailand, India, and other areas being the top exporting countries. Despite high market concentration, the industry experienced a declining trend, with a negative Compound Annual Growth Rate (CAGR) of -3.12% from 2020 to 2024. The growth rate in 2024 further declined by -8.82%, indicating challenges in the market. This suggests a need for strategic interventions to revitalize the transit bus import sector in Grenada.
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 Transit Buses Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Transit Buses Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Transit Buses Market - Industry Life Cycle |
3.4 Grenada Transit Buses Market - Porter's Five Forces |
3.5 Grenada Transit Buses Market Revenues & Volume Share, By Buses Type, 2021 & 2031F |
4 Grenada Transit Buses Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Transit Buses Market Trends |
6 Grenada Transit Buses Market, By Types |
6.1 Grenada Transit Buses Market, By Buses Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Transit Buses Market Revenues & Volume, By Buses Type, 2021- 2031F |
6.1.3 Grenada Transit Buses Market Revenues & Volume, By Diesel, 2021- 2031F |
6.1.4 Grenada Transit Buses Market Revenues & Volume, By Electric, 2021- 2031F |
6.1.5 Grenada Transit Buses Market Revenues & Volume, By Hybrid, 2021- 2031F |
6.1.6 Grenada Transit Buses Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Transit Buses Market Import-Export Trade Statistics |
7.1 Grenada Transit Buses Market Export to Major Countries |
7.2 Grenada Transit Buses Market Imports from Major Countries |
8 Grenada Transit Buses Market Key Performance Indicators |
9 Grenada Transit Buses Market - Opportunity Assessment |
9.1 Grenada Transit Buses Market Opportunity Assessment, By Buses Type, 2021 & 2031F |
10 Grenada Transit Buses Market - Competitive Landscape |
10.1 Grenada Transit Buses Market Revenue Share, By Companies, 2024 |
10.2 Grenada Transit Buses 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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