| Product Code: ETC7364876 | 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 saw a significant increase in import shipments of azimuth thrusters, with top exporting countries being the USA, UK, Trinidad and Tobago, Germany, and Brazil. The high Herfindahl-Hirschman Index (HHI) concentration indicates a competitive market. With a strong compound annual growth rate (CAGR) of 8.88% from 2020 to 2024 and a notable growth rate of 16.88% from 2023 to 2024, the azimuth thruster market in Grenada is showing promising expansion opportunities.
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 Azimuth Thrusters Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Azimuth Thrusters Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Azimuth Thrusters Market - Industry Life Cycle |
3.4 Grenada Azimuth Thrusters Market - Porter's Five Forces |
3.5 Grenada Azimuth Thrusters Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Azimuth Thrusters Market Revenues & Volume Share, By Drive System, 2021 & 2031F |
3.7 Grenada Azimuth Thrusters Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Azimuth Thrusters Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Azimuth Thrusters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Azimuth Thrusters Market Trends |
6 Grenada Azimuth Thrusters Market, By Types |
6.1 Grenada Azimuth Thrusters Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Azimuth Thrusters Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Azimuth Thrusters Market Revenues & Volume, By Less Than 1500KW, 2021- 2031F |
6.1.4 Grenada Azimuth Thrusters Market Revenues & Volume, By 1500KW-3500KW, 2021- 2031F |
6.1.5 Grenada Azimuth Thrusters Market Revenues & Volume, By More Than 3500KW, 2021- 2031F |
6.2 Grenada Azimuth Thrusters Market, By Drive System |
6.2.1 Overview and Analysis |
6.2.2 Grenada Azimuth Thrusters Market Revenues & Volume, By Electric Drive System, 2021- 2031F |
6.2.3 Grenada Azimuth Thrusters Market Revenues & Volume, By Diesel Drive System, 2021- 2031F |
6.2.4 Grenada Azimuth Thrusters Market Revenues & Volume, By Hydraulic Drive System, 2021- 2031F |
6.3 Grenada Azimuth Thrusters Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Azimuth Thrusters Market Revenues & Volume, By Tugboat, 2021- 2031F |
6.3.3 Grenada Azimuth Thrusters Market Revenues & Volume, By Naval Ships, 2021- 2031F |
6.3.4 Grenada Azimuth Thrusters Market Revenues & Volume, By Recreational Boats, 2021- 2031F |
6.3.5 Grenada Azimuth Thrusters Market Revenues & Volume, By Offshore Support Vessel, 2021- 2031F |
6.3.6 Grenada Azimuth Thrusters Market Revenues & Volume, By Ferries and Freighter, 2021- 2031F |
6.3.7 Grenada Azimuth Thrusters Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Grenada Azimuth Thrusters Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Azimuth Thrusters Market Revenues & Volume, By OEM, 2021- 2031F |
6.4.3 Grenada Azimuth Thrusters Market Revenues & Volume, By Aftermarket, 2021- 2031F |
7 Grenada Azimuth Thrusters Market Import-Export Trade Statistics |
7.1 Grenada Azimuth Thrusters Market Export to Major Countries |
7.2 Grenada Azimuth Thrusters Market Imports from Major Countries |
8 Grenada Azimuth Thrusters Market Key Performance Indicators |
9 Grenada Azimuth Thrusters Market - Opportunity Assessment |
9.1 Grenada Azimuth Thrusters Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Azimuth Thrusters Market Opportunity Assessment, By Drive System, 2021 & 2031F |
9.3 Grenada Azimuth Thrusters Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Azimuth Thrusters Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Azimuth Thrusters Market - Competitive Landscape |
10.1 Grenada Azimuth Thrusters Market Revenue Share, By Companies, 2024 |
10.2 Grenada Azimuth Thrusters 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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