| Product Code: ETC5251544 | 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 building construction import shipments in 2024 continued to be dominated by top exporters including Trinidad and Tobago, India, Canada, USA, and China. The high Herfindahl-Hirschman Index (HHI) concentration indicates a consolidated market. With a compound annual growth rate (CAGR) of 7.5% from 2020 to 2024 and a growth rate of 7.9% from 2023 to 2024, the construction sector in Grenada shows promising expansion. The consistent growth rate and strong presence of key exporting countries suggest a steady demand for construction materials and equipment in the Grenadian 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 Building Construction Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Building Construction Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Building Construction Market - Industry Life Cycle |
3.4 Grenada Building Construction Market - Porter's Five Forces |
3.5 Grenada Building Construction Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Building Construction Market Revenues & Volume Share, By Construction Type, 2021 & 2031F |
3.7 Grenada Building Construction Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Building Construction Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Building Construction Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and population growth in Grenada leading to higher demand for residential and commercial buildings. |
4.2.2 Government initiatives and investments in infrastructure development projects driving the construction sector. |
4.2.3 Adoption of sustainable construction practices and green building technologies in Grenada. |
4.3 Market Restraints |
4.3.1 Limited availability of skilled labor and expertise in the construction industry in Grenada. |
4.3.2 Fluctuating prices of construction materials impacting project costs. |
4.3.3 Regulatory challenges and bureaucratic hurdles delaying project timelines. |
5 Grenada Building Construction Market Trends |
6 Grenada Building Construction Market Segmentations |
6.1 Grenada Building Construction Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Building Construction Market Revenues & Volume, By Residential, 2021-2031F |
6.1.3 Grenada Building Construction Market Revenues & Volume, By Non-residential, 2021-2031F |
6.2 Grenada Building Construction Market, By Construction Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Building Construction Market Revenues & Volume, By New Construction, 2021-2031F |
6.2.3 Grenada Building Construction Market Revenues & Volume, By Renovation, 2021-2031F |
6.3 Grenada Building Construction Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Building Construction Market Revenues & Volume, By Owned, 2021-2031F |
6.3.3 Grenada Building Construction Market Revenues & Volume, By Rental, 2021-2031F |
6.4 Grenada Building Construction Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Building Construction Market Revenues & Volume, By Private, 2021-2031F |
6.4.3 Grenada Building Construction Market Revenues & Volume, By Public, 2021-2031F |
7 Grenada Building Construction Market Import-Export Trade Statistics |
7.1 Grenada Building Construction Market Export to Major Countries |
7.2 Grenada Building Construction Market Imports from Major Countries |
8 Grenada Building Construction Market Key Performance Indicators |
8.1 Percentage increase in the number of building permits issued annually. |
8.2 Adoption rate of green building certifications and sustainable construction practices in Grenada. |
8.3 Average project completion time for construction projects in Grenada. |
8.4 Percentage of infrastructure projects funded by government initiatives. |
8.5 Rate of investment in construction technology and innovation in Grenada. |
9 Grenada Building Construction Market - Opportunity Assessment |
9.1 Grenada Building Construction Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Building Construction Market Opportunity Assessment, By Construction Type, 2021 & 2031F |
9.3 Grenada Building Construction Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Building Construction Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Building Construction Market - Competitive Landscape |
10.1 Grenada Building Construction Market Revenue Share, By Companies, 2024 |
10.2 Grenada Building Construction 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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