| Product Code: ETC5074388 | 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 |
In 2024, Grenada saw a notable increase in its import shipments of ball bearings, with top exporting countries being the USA, UAE, Trinidad and Tobago, China, and Puerto Rico. The market continued to exhibit high concentration levels, as indicated by the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 15.26%, while the growth rate from 2023 to 2024 spiked to 18.47%, reflecting a robust expansion in the market. These trends suggest a strong demand for ball bearings in Grenada and highlight the country`s reliance on key trading partners for this essential product.
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 Bearings Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Ball Bearings Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Ball Bearings Market - Industry Life Cycle |
3.4 Grenada Ball Bearings Market - Porter's Five Forces |
3.5 Grenada Ball Bearings Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Ball Bearings Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Grenada Ball Bearings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-quality and durable ball bearings in industries such as automotive, aerospace, and machinery. |
4.2.2 Technological advancements leading to the development of innovative ball bearing products with enhanced performance and efficiency. |
4.2.3 Growing focus on energy efficiency and sustainability, driving the adoption of ball bearings with reduced friction and wear. |
4.2.4 Expansion of manufacturing and industrial sectors in emerging markets, creating opportunities for the grenada ball bearings market to expand its customer base. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the production costs of ball bearings. |
4.3.2 Intense competition from global ball bearing manufacturers leading to pricing pressures. |
4.3.3 Challenges related to counterfeit products affecting the reputation and trust of grenada ball bearings in the market. |
4.3.4 Economic downturns and market uncertainties affecting the overall demand for ball bearings across industries. |
5 Grenada Ball Bearings Market Trends |
6 Grenada Ball Bearings Market Segmentations |
6.1 Grenada Ball Bearings Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Ball Bearings Market Revenues & Volume, By Deep groove, 2021-2031F |
6.1.3 Grenada Ball Bearings Market Revenues & Volume, By Angular contact, 2021-2031F |
6.1.4 Grenada Ball Bearings Market Revenues & Volume, By Self-aligning, 2021-2031F |
6.1.5 Grenada Ball Bearings Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Ball Bearings Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 Grenada Ball Bearings Market Revenues & Volume, By Automotive industry, 2021-2031F |
6.2.3 Grenada Ball Bearings Market Revenues & Volume, By Heavy industry, 2021-2031F |
6.2.4 Grenada Ball Bearings Market Revenues & Volume, By Aerospace and railway industry, 2021-2031F |
6.2.5 Grenada Ball Bearings Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Ball Bearings Market Import-Export Trade Statistics |
7.1 Grenada Ball Bearings Market Export to Major Countries |
7.2 Grenada Ball Bearings Market Imports from Major Countries |
8 Grenada Ball Bearings Market Key Performance Indicators |
8.1 Research and development investment in new ball bearing technologies. |
8.2 Percentage of repeat customers indicating satisfaction and loyalty. |
8.3 Rate of adoption of grenada ball bearings in key industries. |
8.4 Number of patents or innovations developed by the company. |
8.5 Customer satisfaction scores from feedback and surveys. |
9 Grenada Ball Bearings Market - Opportunity Assessment |
9.1 Grenada Ball Bearings Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Ball Bearings Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Grenada Ball Bearings Market - Competitive Landscape |
10.1 Grenada Ball Bearings Market Revenue Share, By Companies, 2024 |
10.2 Grenada Ball Bearings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |