| Product Code: ETC12111334 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Grenada continues to see a steady increase in aerospace latch imports, with top exporting countries being the USA, Canada, Trinidad and Tobago, China, and Hong Kong. The high Herfindahl-Hirschman Index (HHI) suggests a concentrated market, indicating the dominance of these key players. The compound annual growth rate (CAGR) from 2020 to 2024 stands at a healthy 5.11%, with a notable growth rate of 1.94% from 2023 to 2024. This data reflects a promising outlook for the aerospace latch import market in Grenada, showcasing sustained growth and strong trade relationships with key exporting nations.
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 Aerospace Latch Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Aerospace Latch Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Aerospace Latch Market - Industry Life Cycle |
3.4 Grenada Aerospace Latch Market - Porter's Five Forces |
3.5 Grenada Aerospace Latch Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Aerospace Latch Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Aerospace Latch Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Aerospace Latch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for aerospace components in Grenada |
4.2.2 Technological advancements in latch systems leading to improved safety and efficiency |
4.2.3 Growing investments in aerospace infrastructure in Grenada |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Stringent regulations and standards in the aerospace industry |
4.3.3 Intense competition from established international aerospace latch manufacturers |
5 Grenada Aerospace Latch Market Trends |
6 Grenada Aerospace Latch Market, By Types |
6.1 Grenada Aerospace Latch Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Aerospace Latch Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Aerospace Latch Market Revenues & Volume, By Rotary Latches, 2021 - 2031F |
6.1.4 Grenada Aerospace Latch Market Revenues & Volume, By Push-to-Close Latches, 2021 - 2031F |
6.1.5 Grenada Aerospace Latch Market Revenues & Volume, By Draw Latches, 2021 - 2031F |
6.2 Grenada Aerospace Latch Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Aerospace Latch Market Revenues & Volume, By Aircraft Doors, 2021 - 2031F |
6.2.3 Grenada Aerospace Latch Market Revenues & Volume, By Interior Components, 2021 - 2031F |
6.2.4 Grenada Aerospace Latch Market Revenues & Volume, By Cargo Bay, 2021 - 2031F |
6.3 Grenada Aerospace Latch Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Aerospace Latch Market Revenues & Volume, By Commercial Aircraft, 2021 - 2031F |
6.3.3 Grenada Aerospace Latch Market Revenues & Volume, By Military Aircraft, 2021 - 2031F |
6.3.4 Grenada Aerospace Latch Market Revenues & Volume, By Spacecraft, 2021 - 2031F |
7 Grenada Aerospace Latch Market Import-Export Trade Statistics |
7.1 Grenada Aerospace Latch Market Export to Major Countries |
7.2 Grenada Aerospace Latch Market Imports from Major Countries |
8 Grenada Aerospace Latch Market Key Performance Indicators |
8.1 Average order lead time for aerospace latch products |
8.3 Number of new partnerships or collaborations with aerospace companies for latch system development |
8.4 Customer satisfaction rating for latch system quality and reliability |
8.5 Percentage of revenue reinvested into expanding manufacturing capabilities and capacity |
9 Grenada Aerospace Latch Market - Opportunity Assessment |
9.1 Grenada Aerospace Latch Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Aerospace Latch Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Aerospace Latch Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Aerospace Latch Market - Competitive Landscape |
10.1 Grenada Aerospace Latch Market Revenue Share, By Companies, 2024 |
10.2 Grenada Aerospace 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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