| Product Code: ETC5680583 | 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 rely on key markets like the USA, Canada, Trinidad and Tobago, China, and Hong Kong for automotive door latch imports, maintaining a high Herfindahl-Hirschman Index (HHI) concentration. With a healthy Compound Annual Growth Rate (CAGR) of 5.11% from 2020 to 2024, the market saw steady growth, although the growth rate slightly slowed to 1.94% in 2024 compared to the previous year. This data suggests a stable and consistent demand for automotive door latches in Grenada, with potential opportunities for further market expansion.
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 Automotive Door Latch Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Automotive Door Latch Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Automotive Door Latch Market - Industry Life Cycle |
3.4 Grenada Automotive Door Latch Market - Porter's Five Forces |
3.5 Grenada Automotive Door Latch Market Revenues & Volume Share, By Latch Type, 2021 & 2031F |
3.6 Grenada Automotive Door Latch Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 Grenada Automotive Door Latch Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Automotive Door Latch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for safety features in vehicles driving the need for advanced door latch systems |
4.2.2 Growth in the automotive industry in Grenada leading to higher production of vehicles |
4.2.3 Technological advancements in door latch systems improving performance and security |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from global automotive door latch manufacturers |
4.3.3 Economic uncertainties affecting consumer spending on vehicle upgrades and maintenance |
5 Grenada Automotive Door Latch Market Trends |
6 Grenada Automotive Door Latch Market Segmentations |
6.1 Grenada Automotive Door Latch Market, By Latch Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Automotive Door Latch Market Revenues & Volume, By Electronic, 2021-2031F |
6.1.3 Grenada Automotive Door Latch Market Revenues & Volume, By Non-Electronic, 2021-2031F |
6.2 Grenada Automotive Door Latch Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Automotive Door Latch Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.2.3 Grenada Automotive Door Latch Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
6.3 Grenada Automotive Door Latch Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Automotive Door Latch Market Revenues & Volume, By Side Door Latch, 2021-2031F |
6.3.3 Grenada Automotive Door Latch Market Revenues & Volume, By Hood Latch, 2021-2031F |
6.3.4 Grenada Automotive Door Latch Market Revenues & Volume, By Back Seat Latch, 2021-2031F |
6.3.5 Grenada Automotive Door Latch Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Automotive Door Latch Market Import-Export Trade Statistics |
7.1 Grenada Automotive Door Latch Market Export to Major Countries |
7.2 Grenada Automotive Door Latch Market Imports from Major Countries |
8 Grenada Automotive Door Latch Market Key Performance Indicators |
8.1 Average time to market for new door latch products |
8.2 Rate of adoption of smart door latch systems in Grenada |
8.3 Customer satisfaction scores related to door latch performance and durability |
9 Grenada Automotive Door Latch Market - Opportunity Assessment |
9.1 Grenada Automotive Door Latch Market Opportunity Assessment, By Latch Type, 2021 & 2031F |
9.2 Grenada Automotive Door Latch Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 Grenada Automotive Door Latch Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Automotive Door Latch Market - Competitive Landscape |
10.1 Grenada Automotive Door Latch Market Revenue Share, By Companies, 2024 |
10.2 Grenada Automotive Door Latch 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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