| Product Code: ETC4774739 | 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 |
The truck import market in Grenada continues to see strong growth, with top exporting countries including Trinidad and Tobago, Japan, USA, UK, and Canada. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market in 2024. The impressive Compound Annual Growth Rate (CAGR) of 75.89% from 2020 to 2024 highlights the rapid expansion of the industry. Moreover, the remarkable growth rate of 195.99% from 2023 to 2024 suggests a surge in demand for truck imports in Grenada, making it a lucrative market for exporters.
By 2027, Grenada's Truck market is forecasted to achieve a stable growth rate of 1.61%, with United States of America leading the North America region, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

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 Truck Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Truck Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Truck Market - Industry Life Cycle |
3.4 Grenada Truck Market - Porter's Five Forces |
3.5 Grenada Truck Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Grenada Truck Market Revenues & Volume Share, By Tonnage Capacity, 2021 & 2031F |
3.7 Grenada Truck Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.8 Grenada Truck Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Truck Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Truck Market Trends |
6 Grenada Truck Market Segmentations |
6.1 Grenada Truck Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Truck Market Revenues & Volume, By Heavy Duty Truck, 2021-2031F |
6.1.3 Grenada Truck Market Revenues & Volume, By Medium Duty Truck, 2021-2031F |
6.1.4 Grenada Truck Market Revenues & Volume, By Light Duty Truck, 2021-2031F |
6.2 Grenada Truck Market, By Tonnage Capacity |
6.2.1 Overview and Analysis |
6.2.2 Grenada Truck Market Revenues & Volume, By 3.5 ? ?? 7.5 Tons, 2021-2031F |
6.2.3 Grenada Truck Market Revenues & Volume, By 7.5 ? ?? 16 Tons, 2021-2031F |
6.2.4 Grenada Truck Market Revenues & Volume, By 16 ? ?? 30 Tons, 2021-2031F |
6.2.5 Grenada Truck Market Revenues & Volume, By Above 30 Tons, 2021-2031F |
6.3 Grenada Truck Market, By Fuel Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Truck Market Revenues & Volume, By Diesel, 2021-2031F |
6.3.3 Grenada Truck Market Revenues & Volume, By Petrol, 2021-2031F |
6.3.4 Grenada Truck Market Revenues & Volume, By CNG & LNG, 2021-2031F |
6.4 Grenada Truck Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Truck Market Revenues & Volume, By Construction, 2021-2031F |
6.4.3 Grenada Truck Market Revenues & Volume, By Logistics, 2021-2031F |
6.4.4 Grenada Truck Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Truck Market Import-Export Trade Statistics |
7.1 Grenada Truck Market Export to Major Countries |
7.2 Grenada Truck Market Imports from Major Countries |
8 Grenada Truck Market Key Performance Indicators |
9 Grenada Truck Market - Opportunity Assessment |
9.1 Grenada Truck Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Grenada Truck Market Opportunity Assessment, By Tonnage Capacity, 2021 & 2031F |
9.3 Grenada Truck Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.4 Grenada Truck Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Truck Market - Competitive Landscape |
10.1 Grenada Truck Market Revenue Share, By Companies, 2024 |
10.2 Grenada Truck 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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