| Product Code: ETC7373992 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada`s luxury car import market saw a shift in 2024 with top exporters being Japan, South Korea, India, Thailand, and the UK. The market displayed very high concentration levels, indicating strong competition among these key players. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate for the period 2020-2024 remained positive at 4.99%. This data suggests a stable demand for luxury cars in Grenada, with potential for continued growth and opportunities for market expansion strategies.
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 Luxury Car Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Luxury Car Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Luxury Car Market - Industry Life Cycle |
3.4 Grenada Luxury Car Market - Porter's Five Forces |
3.5 Grenada Luxury Car Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Grenada Luxury Car Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 Grenada Luxury Car Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
3.8 Grenada Luxury Car Market Revenues & Volume Share, By Engine Capacity, 2021 & 2031F |
4 Grenada Luxury Car Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing disposable income in Grenada |
4.2.2 Increasing demand for luxury and high-end vehicles |
4.2.3 Expansion of luxury car dealerships in Grenada |
4.3 Market Restraints |
4.3.1 High import taxes and duties on luxury cars |
4.3.2 Limited infrastructure for luxury car servicing and maintenance in Grenada |
5 Grenada Luxury Car Market Trends |
6 Grenada Luxury Car Market, By Types |
6.1 Grenada Luxury Car Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Luxury Car Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Grenada Luxury Car Market Revenues & Volume, By Hatchback, 2021- 2031F |
6.1.4 Grenada Luxury Car Market Revenues & Volume, By Sedan, 2021- 2031F |
6.1.5 Grenada Luxury Car Market Revenues & Volume, By Sports Utility Vehicle, 2021- 2031F |
6.2 Grenada Luxury Car Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Luxury Car Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.2.3 Grenada Luxury Car Market Revenues & Volume, By Diesel, 2021- 2031F |
6.2.4 Grenada Luxury Car Market Revenues & Volume, By Electric, 2021- 2031F |
6.3 Grenada Luxury Car Market, By Price Range |
6.3.1 Overview and Analysis |
6.3.2 Grenada Luxury Car Market Revenues & Volume, By Entry-Level, 2021- 2031F |
6.3.3 Grenada Luxury Car Market Revenues & Volume, By Mid-Level, 2021- 2031F |
6.3.4 Grenada Luxury Car Market Revenues & Volume, By High-End, 2021- 2031F |
6.3.5 Grenada Luxury Car Market Revenues & Volume, By Ultra, 2021- 2031F |
6.4 Grenada Luxury Car Market, By Engine Capacity |
6.4.1 Overview and Analysis |
6.4.2 Grenada Luxury Car Market Revenues & Volume, By Up to 3,000 CC, 2021- 2031F |
6.4.3 Grenada Luxury Car Market Revenues & Volume, By Above 3,000 CC, 2021- 2031F |
7 Grenada Luxury Car Market Import-Export Trade Statistics |
7.1 Grenada Luxury Car Market Export to Major Countries |
7.2 Grenada Luxury Car Market Imports from Major Countries |
8 Grenada Luxury Car Market Key Performance Indicators |
8.1 Average price of luxury cars in Grenada |
8.2 Number of new luxury car models introduced in the Grenada market |
8.3 Percentage of luxury car owners opting for extended warranty packages |
8.4 Average age of luxury cars on the roads in Grenada |
9 Grenada Luxury Car Market - Opportunity Assessment |
9.1 Grenada Luxury Car Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Grenada Luxury Car Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 Grenada Luxury Car Market Opportunity Assessment, By Price Range, 2021 & 2031F |
9.4 Grenada Luxury Car Market Opportunity Assessment, By Engine Capacity, 2021 & 2031F |
10 Grenada Luxury Car Market - Competitive Landscape |
10.1 Grenada Luxury Car Market Revenue Share, By Companies, 2024 |
10.2 Grenada Luxury Car 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.
To discover high-growth global markets and optimize your business strategy:
Click Here