| Product Code: ETC5726601 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of armor materials to Grenada in 2024 saw a notable shift in concentration, moving from very high to moderate. The top exporting countries to Grenada included Lebanon, Trinidad and Tobago, UK, Canada, and USA. With a strong Compound Annual Growth Rate (CAGR) of 6.01% from 2020 to 2024 and a remarkable growth rate of 45.97% from 2023 to 2024, the market for armor materials in Grenada appears to be experiencing significant expansion and diversification in its import sources.
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 Armor Materials Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Armor Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Armor Materials Market - Industry Life Cycle |
3.4 Grenada Armor Materials Market - Porter's Five Forces |
3.5 Grenada Armor Materials Market Revenues & Volume Share, By Materials Type, 2021 & 2031F |
3.6 Grenada Armor Materials Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Armor Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-performance armor materials for military and defense applications. |
4.2.2 Growing investments in research and development for advanced armor materials. |
4.2.3 Rising focus on enhancing soldier survivability and protection levels. |
4.3 Market Restraints |
4.3.1 High costs associated with the development and production of advanced armor materials. |
4.3.2 Stringent government regulations and standards for armor materials. |
4.3.3 Limited availability of raw materials required for manufacturing armor materials. |
5 Grenada Armor Materials Market Trends |
6 Grenada Armor Materials Market Segmentations |
6.1 Grenada Armor Materials Market, By Materials Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Armor Materials Market Revenues & Volume, By Metals & Alloys, 2021-2031F |
6.1.3 Grenada Armor Materials Market Revenues & Volume, By Ceramics, 2021-2031F |
6.1.4 Grenada Armor Materials Market Revenues & Volume, By Composites, 2021-2031F |
6.1.5 Grenada Armor Materials Market Revenues & Volume, By Para-Aramid Fibers, 2021-2031F |
6.1.6 Grenada Armor Materials Market Revenues & Volume, By UHMWPE, 2021-2031F |
6.1.7 Grenada Armor Materials Market Revenues & Volume, By Fiberglass, 2021-2031F |
6.2 Grenada Armor Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Armor Materials Market Revenues & Volume, By Vehicle, 2021-2031F |
6.2.3 Grenada Armor Materials Market Revenues & Volume, By Aerospace, 2021-2031F |
6.2.4 Grenada Armor Materials Market Revenues & Volume, By Body, 2021-2031F |
6.2.5 Grenada Armor Materials Market Revenues & Volume, By Civil, 2021-2031F |
6.2.6 Grenada Armor Materials Market Revenues & Volume, By Marine, 2021-2031F |
7 Grenada Armor Materials Market Import-Export Trade Statistics |
7.1 Grenada Armor Materials Market Export to Major Countries |
7.2 Grenada Armor Materials Market Imports from Major Countries |
8 Grenada Armor Materials Market Key Performance Indicators |
8.1 Research and development expenditure on new armor material technologies. |
8.2 Number of patents filed for innovative armor material solutions. |
8.3 Adoption rate of grenada armor materials in military and defense applications. |
8.4 Level of government funding allocated for the development of armor materials. |
8.5 Rate of technological advancements in grenada armor materials. |
9 Grenada Armor Materials Market - Opportunity Assessment |
9.1 Grenada Armor Materials Market Opportunity Assessment, By Materials Type, 2021 & 2031F |
9.2 Grenada Armor Materials Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Armor Materials Market - Competitive Landscape |
10.1 Grenada Armor Materials Market Revenue Share, By Companies, 2024 |
10.2 Grenada Armor Materials 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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