| Product Code: ETC7365079 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada saw significant import shipments of barcode passport readers, with top exporting countries being the USA, Saint Lucia, Croatia, China, and Guyana. Despite a slight decline in growth rate from 2023 to 2024 at -6.42%, the compound annual growth rate (CAGR) from 2020 to 2024 stood at a steady 3.22%. The industry continues to exhibit high concentration levels, as indicated by the high Herfindahl-Hirschman Index (HHI) in 2024, underscoring the competitive dynamics within the market.
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 Barcode Passport Reader Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Barcode Passport Reader Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Barcode Passport Reader Market - Industry Life Cycle |
3.4 Grenada Barcode Passport Reader Market - Porter's Five Forces |
3.5 Grenada Barcode Passport Reader Market Revenues & Volume Share, By Reader Type, 2021 & 2031F |
3.6 Grenada Barcode Passport Reader Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Barcode Passport Reader Market Revenues & Volume Share, By Sector, 2021 & 2031F |
4 Grenada Barcode Passport Reader Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Barcode Passport Reader Market Trends |
6 Grenada Barcode Passport Reader Market, By Types |
6.1 Grenada Barcode Passport Reader Market, By Reader Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Barcode Passport Reader Market Revenues & Volume, By Reader Type, 2021- 2031F |
6.1.3 Grenada Barcode Passport Reader Market Revenues & Volume, By Swipe Readers, 2021- 2031F |
6.1.4 Grenada Barcode Passport Reader Market Revenues & Volume, By Self-Service Kiosk, 2021- 2031F |
6.1.5 Grenada Barcode Passport Reader Market Revenues & Volume, By Compact Full-Page Reader, 2021- 2031F |
6.1.6 Grenada Barcode Passport Reader Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Barcode Passport Reader Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Barcode Passport Reader Market Revenues & Volume, By Airport Security, 2021- 2031F |
6.2.3 Grenada Barcode Passport Reader Market Revenues & Volume, By Boarder Control, 2021- 2031F |
6.2.4 Grenada Barcode Passport Reader Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Grenada Barcode Passport Reader Market, By Sector |
6.3.1 Overview and Analysis |
6.3.2 Grenada Barcode Passport Reader Market Revenues & Volume, By Public, 2021- 2031F |
6.3.3 Grenada Barcode Passport Reader Market Revenues & Volume, By Private, 2021- 2031F |
7 Grenada Barcode Passport Reader Market Import-Export Trade Statistics |
7.1 Grenada Barcode Passport Reader Market Export to Major Countries |
7.2 Grenada Barcode Passport Reader Market Imports from Major Countries |
8 Grenada Barcode Passport Reader Market Key Performance Indicators |
9 Grenada Barcode Passport Reader Market - Opportunity Assessment |
9.1 Grenada Barcode Passport Reader Market Opportunity Assessment, By Reader Type, 2021 & 2031F |
9.2 Grenada Barcode Passport Reader Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Barcode Passport Reader Market Opportunity Assessment, By Sector, 2021 & 2031F |
10 Grenada Barcode Passport Reader Market - Competitive Landscape |
10.1 Grenada Barcode Passport Reader Market Revenue Share, By Companies, 2024 |
10.2 Grenada Barcode Passport Reader 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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