| Product Code: ETC4937797 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | 
Grenada`s laser rangefinder import market in 2024 saw a significant increase in shipments from top exporting countries such as the USA, Hong Kong, and Puerto Rico. Despite the high Herfindahl-Hirschman Index (HHI) indicating a concentrated market, the industry experienced a sharp decline in compound annual growth rate (CAGR) from 2020-24 at -37.93%. However, there was a remarkable growth spurt in 2024 with a growth rate of 106.05% compared to the previous year, showcasing promising opportunities for the laser rangefinder market in Grenada.
Grenada's Laser Rangefinder market is anticipated to experience a stable growth rate of 2.36% by 2027, reflecting trends observed in the largest economy United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

The laser rangefinder market in Grenada is expanding as these devices are used in applications such as surveying, construction, and defense. Laser rangefinders provide accurate distance measurements and are widely used for topographic mapping, military operations, and equipment inspections. As demand for precise measurement tools in construction and defense sectors rises, the laser rangefinder market in Grenada is expected to continue growing.
The Grenada Laser Rangefinder Market benefits from the rising demand for accurate distance measurement solutions in sectors such as construction, defense, and outdoor recreational activities. The compact and portable nature of laser rangefinders, coupled with their accuracy and efficiency, has led to their widespread use in surveying, hunting, and military applications. Additionally, technological advancements in rangefinder designs, such as improvements in laser accuracy and range, have further propelled market growth. The increasing adoption of these devices in drones for topographic surveys and mapping also contributes to the market`s rise.
The laser rangefinder market in Grenada is constrained by high initial costs and the need for more widespread applications. While laser rangefinders are useful in industries like surveying and construction, their adoption in Grenada is still limited due to the relatively small size of the local market. Many businesses are hesitant to invest in these devices because of their high price point, especially when more affordable alternatives are available. Furthermore, limited awareness about the rangefinders capabilities and benefits impedes broader market penetration, particularly in sectors that could benefit from more accurate distance measurements.
The government of Grenada supports the laser rangefinder market, particularly for applications in surveying, construction, and military sectors. Policies focus on improving the infrastructure and technologies used in these industries. The government encourages local manufacturing and ensures that imported laser rangefinders comply with safety and performance standards. Regulations also promote the use of laser rangefinders in sustainable land management practices and urban planning.
| 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 Laser Rangefinder Market Overview | 
| 3.1 Grenada Country Macro Economic Indicators | 
| 3.2 Grenada Laser Rangefinder Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Grenada Laser Rangefinder Market - Industry Life Cycle | 
| 3.4 Grenada Laser Rangefinder Market - Porter's Five Forces | 
| 3.5 Grenada Laser Rangefinder Market Revenues & Volume Share, By Type, 2021 & 2031F | 
| 3.6 Grenada Laser Rangefinder Market Revenues & Volume Share, By Application, 2021 & 2031F | 
| 4 Grenada Laser Rangefinder Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.3 Market Restraints | 
| 5 Grenada Laser Rangefinder Market Trends | 
| 6 Grenada Laser Rangefinder Market Segmentations | 
| 6.1 Grenada Laser Rangefinder Market, By Type | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Grenada Laser Rangefinder Market Revenues & Volume, By Telescope Later Rangefinder, 2021-2031F | 
| 6.1.3 Grenada Laser Rangefinder Market Revenues & Volume, By Hand-held Later Rangefinder, 2021-2031F | 
| 6.2 Grenada Laser Rangefinder Market, By Application | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Grenada Laser Rangefinder Market Revenues & Volume, By Military, 2021-2031F | 
| 6.2.3 Grenada Laser Rangefinder Market Revenues & Volume, By Construction, 2021-2031F | 
| 6.2.4 Grenada Laser Rangefinder Market Revenues & Volume, By Industrial, 2021-2031F | 
| 6.2.5 Grenada Laser Rangefinder Market Revenues & Volume, By Sports, 2021-2031F | 
| 6.2.6 Grenada Laser Rangefinder Market Revenues & Volume, By Forestry, 2021-2031F | 
| 6.2.7 Grenada Laser Rangefinder Market Revenues & Volume, By Others, 2021-2031F | 
| 7 Grenada Laser Rangefinder Market Import-Export Trade Statistics | 
| 7.1 Grenada Laser Rangefinder Market Export to Major Countries | 
| 7.2 Grenada Laser Rangefinder Market Imports from Major Countries | 
| 8 Grenada Laser Rangefinder Market Key Performance Indicators | 
| 9 Grenada Laser Rangefinder Market - Opportunity Assessment | 
| 9.1 Grenada Laser Rangefinder Market Opportunity Assessment, By Type, 2021 & 2031F | 
| 9.2 Grenada Laser Rangefinder Market Opportunity Assessment, By Application, 2021 & 2031F | 
| 10 Grenada Laser Rangefinder Market - Competitive Landscape | 
| 10.1 Grenada Laser Rangefinder Market Revenue Share, By Companies, 2024 | 
| 10.2 Grenada Laser Rangefinder Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |