| Product Code: ETC5166025 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s ball bearing import market in 2024 saw significant contributions from top exporting countries like the USA, UK, Japan, China, and UAE. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry maintained a strong CAGR of 16.61% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -13.15%, suggesting a potential shift in market dynamics. Monitoring these trends closely will be crucial for stakeholders in the ball bearing import sector.
The Ball Bearing market in Grenada is projected to grow at a stable growth rate of 1.52% by 2027, highlighting the country's increasing focus on advanced technologies within the North America region, where United States of America holds the dominant position, followed closely by Canada, Trinidad and Tobago, Jamaica and Bahamas, shaping overall regional demand.

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 Ball Bearing Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Ball Bearing Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Ball Bearing Market - Industry Life Cycle |
3.4 Grenada Ball Bearing Market - Porter's Five Forces |
3.5 Grenada Ball Bearing Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Ball Bearing Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Ball Bearing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-precision components in automotive and industrial machinery sectors |
4.2.2 Technological advancements leading to improved performance and durability of ball bearings |
4.2.3 Growing focus on energy efficiency and sustainability driving the adoption of high-quality ball bearings |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from substitute products like roller bearings |
4.3.3 Economic downturns affecting overall demand for machinery and equipment |
5 Grenada Ball Bearing Market Trends |
6 Grenada Ball Bearing Market Segmentations |
6.1 Grenada Ball Bearing Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Ball Bearing Market Revenues & Volume, By Self-Aligning Ball Bearings, 2021-2031F |
6.1.3 Grenada Ball Bearing Market Revenues & Volume, By Deep Groove Ball Bearings, 2021-2031F |
6.1.4 Grenada Ball Bearing Market Revenues & Volume, By Angular Contact Ball Bearings, 2021-2031F |
6.1.5 Grenada Ball Bearing Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Ball Bearing Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Ball Bearing Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Grenada Ball Bearing Market Revenues & Volume, By Industrial Machinery, 2021-2031F |
6.2.4 Grenada Ball Bearing Market Revenues & Volume, By Mining & Construction, 2021-2031F |
6.2.5 Grenada Ball Bearing Market Revenues & Volume, By Medical, 2021-2031F |
6.2.6 Grenada Ball Bearing Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Ball Bearing Market Import-Export Trade Statistics |
7.1 Grenada Ball Bearing Market Export to Major Countries |
7.2 Grenada Ball Bearing Market Imports from Major Countries |
8 Grenada Ball Bearing Market Key Performance Indicators |
8.1 Average order value per customer |
8.2 Percentage of repeat customers |
8.3 Rate of product returns due to defects |
8.4 Average lead time for order fulfillment |
8.5 Percentage of market share growth in specific customer segments |
9 Grenada Ball Bearing Market - Opportunity Assessment |
9.1 Grenada Ball Bearing Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Ball Bearing Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Ball Bearing Market - Competitive Landscape |
10.1 Grenada Ball Bearing Market Revenue Share, By Companies, 2024 |
10.2 Grenada Ball Bearing 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