| Product Code: ETC7364249 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada saw a significant surge in automated trucks import shipments in 2024, with top exporting countries being Trinidad and Tobago, Japan, USA, UK, and Canada. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 75.89%, indicating robust market expansion. Moreover, the growth rate from 2023 to 2024 skyrocketed by 195.99%, reflecting accelerated momentum in the industry. Grenada`s reliance on automated trucks from diverse global sources underscores its commitment to advanced technology in transportation.
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 Automated Trucks Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Automated Trucks Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Automated Trucks Market - Industry Life Cycle |
3.4 Grenada Automated Trucks Market - Porter's Five Forces |
3.5 Grenada Automated Trucks Market Revenues & Volume Share, By Level of Automation, 2021 & 2031F |
3.6 Grenada Automated Trucks Market Revenues & Volume Share, By ADAS Feature, 2021 & 2031F |
3.7 Grenada Automated Trucks Market Revenues & Volume Share, By Truck Class, 2021 & 2031F |
3.8 Grenada Automated Trucks Market Revenues & Volume Share, By Sensor, 2021 & 2031F |
3.9 Grenada Automated Trucks Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
4 Grenada Automated Trucks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for efficient and cost-effective transportation solutions |
4.2.2 Emphasis on safety and reduction of accidents in the transportation industry |
4.2.3 Technological advancements in automation and artificial intelligence in the automotive sector |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with automated truck technology |
4.3.2 Concerns regarding the reliability and performance of automated trucks in different terrains and weather conditions |
5 Grenada Automated Trucks Market Trends |
6 Grenada Automated Trucks Market, By Types |
6.1 Grenada Automated Trucks Market, By Level of Automation |
6.1.1 Overview and Analysis |
6.1.2 Grenada Automated Trucks Market Revenues & Volume, By Level of Automation, 2021- 2031F |
6.1.3 Grenada Automated Trucks Market Revenues & Volume, By Level 1, 2021- 2031F |
6.1.4 Grenada Automated Trucks Market Revenues & Volume, By Level 2, 2021- 2031F |
6.1.5 Grenada Automated Trucks Market Revenues & Volume, By Level 3, 2021- 2031F |
6.1.6 Grenada Automated Trucks Market Revenues & Volume, By Level 4, 2021- 2031F |
6.1.7 Grenada Automated Trucks Market Revenues & Volume, By Level 5, 2021- 2031F |
6.2 Grenada Automated Trucks Market, By ADAS Feature |
6.2.1 Overview and Analysis |
6.2.2 Grenada Automated Trucks Market Revenues & Volume, By Adaptive Cruise Control (ACC), 2021- 2031F |
6.2.3 Grenada Automated Trucks Market Revenues & Volume, By Automatic Emergency Braking (AEB), 2021- 2031F |
6.2.4 Grenada Automated Trucks Market Revenues & Volume, By Blind Spot Detection (BSD), 2021- 2031F |
6.2.5 Grenada Automated Trucks Market Revenues & Volume, By Intelligent Park Assist (IPA), 2021- 2031F |
6.2.6 Grenada Automated Trucks Market Revenues & Volume, By Lane Keep Assist (LKA), 2021- 2031F |
6.2.7 Grenada Automated Trucks Market Revenues & Volume, By Traffic Jam Assist (TJA), 2021- 2031F |
6.3 Grenada Automated Trucks Market, By Truck Class |
6.3.1 Overview and Analysis |
6.3.2 Grenada Automated Trucks Market Revenues & Volume, By Class 1 to Class 3 (Light Duty Truck), 2021- 2031F |
6.3.3 Grenada Automated Trucks Market Revenues & Volume, By Class 4 to Class 6 (Medium Duty Truck), 2021- 2031F |
6.3.4 Grenada Automated Trucks Market Revenues & Volume, By Class 7 & Class 8 (Heavy Duty Truck), 2021- 2031F |
6.4 Grenada Automated Trucks Market, By Sensor |
6.4.1 Overview and Analysis |
6.4.2 Grenada Automated Trucks Market Revenues & Volume, By Camera, 2021- 2031F |
6.4.3 Grenada Automated Trucks Market Revenues & Volume, By RADAR, 2021- 2031F |
6.4.4 Grenada Automated Trucks Market Revenues & Volume, By LiDAR, 2021- 2031F |
6.4.5 Grenada Automated Trucks Market Revenues & Volume, By Ultrasonic, 2021- 2031F |
6.4.6 Grenada Automated Trucks Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Grenada Automated Trucks Market, By Propulsion |
6.5.1 Overview and Analysis |
6.5.2 Grenada Automated Trucks Market Revenues & Volume, By Diesel, 2021- 2031F |
6.5.3 Grenada Automated Trucks Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.5.4 Grenada Automated Trucks Market Revenues & Volume, By Electric, 2021- 2031F |
6.5.5 Grenada Automated Trucks Market Revenues & Volume, By Hybrid, 2021- 2031F |
7 Grenada Automated Trucks Market Import-Export Trade Statistics |
7.1 Grenada Automated Trucks Market Export to Major Countries |
7.2 Grenada Automated Trucks Market Imports from Major Countries |
8 Grenada Automated Trucks Market Key Performance Indicators |
8.1 Average distance traveled per automated truck per day |
8.2 Percentage reduction in transportation-related accidents and incidents |
8.3 Adoption rate of automated truck technology among logistics and transportation companies |
9 Grenada Automated Trucks Market - Opportunity Assessment |
9.1 Grenada Automated Trucks Market Opportunity Assessment, By Level of Automation, 2021 & 2031F |
9.2 Grenada Automated Trucks Market Opportunity Assessment, By ADAS Feature, 2021 & 2031F |
9.3 Grenada Automated Trucks Market Opportunity Assessment, By Truck Class, 2021 & 2031F |
9.4 Grenada Automated Trucks Market Opportunity Assessment, By Sensor, 2021 & 2031F |
9.5 Grenada Automated Trucks Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
10 Grenada Automated Trucks Market - Competitive Landscape |
10.1 Grenada Automated Trucks Market Revenue Share, By Companies, 2024 |
10.2 Grenada Automated Trucks 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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