| Product Code: ETC7366089 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada`s canopy import market in 2024 saw significant contributions from top exporting countries such as the USA, China, UK, Trinidad and Tobago, and Curaçao. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced impressive growth with a compound annual growth rate (CAGR) of 42.33% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -12.07%. The market dynamics in Grenada suggest a competitive landscape with notable growth potential and evolving trade patterns with key importing nations.
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 Canopy Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Canopy Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Canopy Market - Industry Life Cycle |
3.4 Grenada Canopy Market - Porter's Five Forces |
3.5 Grenada Canopy Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Grenada Canopy Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Canopy Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Grenada Canopy Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the benefits of using canopies for protection against harsh weather conditions |
4.2.2 Growing demand for outdoor recreational activities and events, driving the need for canopies |
4.2.3 Rising trend of outdoor dining and social gatherings, boosting the sales of canopies |
4.3 Market Restraints |
4.3.1 Seasonal demand fluctuations affecting sales of canopies |
4.3.2 Competition from alternative outdoor shelter solutions impacting market growth |
4.3.3 Concerns regarding the environmental impact of canopy materials leading to consumer hesitation |
5 Grenada Canopy Market Trends |
6 Grenada Canopy Market, By Types |
6.1 Grenada Canopy Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Grenada Canopy Market Revenues & Volume, By Material, 2021- 2031F |
6.1.3 Grenada Canopy Market Revenues & Volume, By PTFE, 2021- 2031F |
6.1.4 Grenada Canopy Market Revenues & Volume, By ETFE, 2021- 2031F |
6.1.5 Grenada Canopy Market Revenues & Volume, By PVC, 2021- 2031F |
6.1.6 Grenada Canopy Market Revenues & Volume, By Polyester Cloth, 2021- 2031F |
6.2 Grenada Canopy Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Canopy Market Revenues & Volume, By Shade Canopy, 2021- 2031F |
6.2.3 Grenada Canopy Market Revenues & Volume, By Event Tent or Large Canopy, 2021- 2031F |
6.3 Grenada Canopy Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Grenada Canopy Market Revenues & Volume, By Residential, 2021- 2031F |
6.3.3 Grenada Canopy Market Revenues & Volume, By Non-residential, 2021- 2031F |
7 Grenada Canopy Market Import-Export Trade Statistics |
7.1 Grenada Canopy Market Export to Major Countries |
7.2 Grenada Canopy Market Imports from Major Countries |
8 Grenada Canopy Market Key Performance Indicators |
8.1 Customer satisfaction level with the quality and durability of canopies |
8.2 Number of new product innovations and features introduced in the market |
8.3 Rate of adoption of eco-friendly materials and sustainable practices in canopy manufacturing |
9 Grenada Canopy Market - Opportunity Assessment |
9.1 Grenada Canopy Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Grenada Canopy Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Canopy Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Grenada Canopy Market - Competitive Landscape |
10.1 Grenada Canopy Market Revenue Share, By Companies, 2024 |
10.2 Grenada Canopy 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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