| Product Code: ETC7364555 | 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 rely on imports of automotive LED lighting, with top exporting countries being the USA, Trinidad and Tobago, Japan, UAE, and UK. The market remained highly concentrated, indicating limited competition. Despite a commendable compound annual growth rate (CAGR) of 10.75% from 2020 to 2024, there was a concerning decline in growth rate from 2023 to 2024 at -13.52%. This fluctuation may require further analysis to understand the potential factors influencing the market dynamics and import trends in the automotive LED lighting 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 Automotive LED Lighting Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Automotive LED Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Automotive LED Lighting Market - Industry Life Cycle |
3.4 Grenada Automotive LED Lighting Market - Porter's Five Forces |
3.5 Grenada Automotive LED Lighting Market Revenues & Volume Share, By Automotive Utility Lighting, 2021 & 2031F |
3.6 Grenada Automotive LED Lighting Market Revenues & Volume Share, By Automotive Vehicle Lighting, 2021 & 2031F |
4 Grenada Automotive LED Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Automotive LED Lighting Market Trends |
6 Grenada Automotive LED Lighting Market, By Types |
6.1 Grenada Automotive LED Lighting Market, By Automotive Utility Lighting |
6.1.1 Overview and Analysis |
6.1.2 Grenada Automotive LED Lighting Market Revenues & Volume, By Automotive Utility Lighting, 2021- 2031F |
6.1.3 Grenada Automotive LED Lighting Market Revenues & Volume, By Daytime Running Lights (DRL), 2021- 2031F |
6.1.4 Grenada Automotive LED Lighting Market Revenues & Volume, By Directional Signal Lights, 2021- 2031F |
6.1.5 Grenada Automotive LED Lighting Market Revenues & Volume, By Headlights, 2021- 2031F |
6.1.6 Grenada Automotive LED Lighting Market Revenues & Volume, By Reverse Light, 2021- 2031F |
6.1.7 Grenada Automotive LED Lighting Market Revenues & Volume, By Stop Light, 2021- 2031F |
6.1.8 Grenada Automotive LED Lighting Market Revenues & Volume, By Tail Light, 2021- 2031F |
6.2 Grenada Automotive LED Lighting Market, By Automotive Vehicle Lighting |
6.2.1 Overview and Analysis |
6.2.2 Grenada Automotive LED Lighting Market Revenues & Volume, By Wheelers, 2021- 2031F |
6.2.3 Grenada Automotive LED Lighting Market Revenues & Volume, By Commercial Vehicles, 2021- 2031F |
6.2.4 Grenada Automotive LED Lighting Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
7 Grenada Automotive LED Lighting Market Import-Export Trade Statistics |
7.1 Grenada Automotive LED Lighting Market Export to Major Countries |
7.2 Grenada Automotive LED Lighting Market Imports from Major Countries |
8 Grenada Automotive LED Lighting Market Key Performance Indicators |
9 Grenada Automotive LED Lighting Market - Opportunity Assessment |
9.1 Grenada Automotive LED Lighting Market Opportunity Assessment, By Automotive Utility Lighting, 2021 & 2031F |
9.2 Grenada Automotive LED Lighting Market Opportunity Assessment, By Automotive Vehicle Lighting, 2021 & 2031F |
10 Grenada Automotive LED Lighting Market - Competitive Landscape |
10.1 Grenada Automotive LED Lighting Market Revenue Share, By Companies, 2024 |
10.2 Grenada Automotive LED Lighting 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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