| Product Code: ETC5113357 | 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 computer hardware import market in 2024 continued to be dominated by top exporting countries such as the USA, Saint Lucia, UK, Barbados, and Canada. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market structure. With a compound annual growth rate (CAGR) of 2.78% from 2020 to 2024, the market showed steady growth. Notably, the growth rate spiked to 20.46% from 2023 to 2024, reflecting a surge in demand for computer hardware imports in Grenada. This data suggests a promising outlook for the computer hardware industry in the country.
In the North America region, the Computer Hardware market in Grenada is projected to expand at a stable growth rate of 1.52% by 2027. The largest economy is United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

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 Computer Hardware Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Computer Hardware Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Computer Hardware Market - Industry Life Cycle |
3.4 Grenada Computer Hardware Market - Porter's Five Forces |
3.5 Grenada Computer Hardware Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Computer Hardware Market Revenues & Volume Share, By End-User, 2021 & 2031F |
3.7 Grenada Computer Hardware Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Computer Hardware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced computing technologies in businesses and educational institutions in Grenada |
4.2.2 Government initiatives to promote digitalization and technology adoption in the country |
4.2.3 Growing awareness and adoption of cloud computing services in Grenada |
4.3 Market Restraints |
4.3.1 High import duties and taxes on computer hardware in Grenada leading to increased prices for consumers |
4.3.2 Limited availability of skilled IT professionals to support and maintain computer hardware infrastructure in the country |
5 Grenada Computer Hardware Market Trends |
6 Grenada Computer Hardware Market Segmentations |
6.1 Grenada Computer Hardware Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Computer Hardware Market Revenues & Volume, By Computer Peripheral Equipment, 2021-2031F |
6.1.3 Grenada Computer Hardware Market Revenues & Volume, By Computer Storage Devices and Servers, 2021-2031F |
6.1.4 Grenada Computer Hardware Market Revenues & Volume, By Computers, 2021-2031F |
6.2 Grenada Computer Hardware Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Grenada Computer Hardware Market Revenues & Volume, By Household, 2021-2031F |
6.2.3 Grenada Computer Hardware Market Revenues & Volume, By Commercial, 2021-2031F |
6.3 Grenada Computer Hardware Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Computer Hardware Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 Grenada Computer Hardware Market Revenues & Volume, By Offline, 2021-2031F |
7 Grenada Computer Hardware Market Import-Export Trade Statistics |
7.1 Grenada Computer Hardware Market Export to Major Countries |
7.2 Grenada Computer Hardware Market Imports from Major Countries |
8 Grenada Computer Hardware Market Key Performance Indicators |
8.1 Average time taken for businesses in Grenada to adopt new computer hardware technologies |
8.2 Percentage of government budget allocated to digitalization initiatives |
8.3 Number of businesses in Grenada shifting to cloud-based computing solutions |
8.4 Average lifespan of computer hardware devices in Grenada |
8.5 Number of IT training programs and certifications offered in Grenada |
9 Grenada Computer Hardware Market - Opportunity Assessment |
9.1 Grenada Computer Hardware Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Computer Hardware Market Opportunity Assessment, By End-User, 2021 & 2031F |
9.3 Grenada Computer Hardware Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Computer Hardware Market - Competitive Landscape |
10.1 Grenada Computer Hardware Market Revenue Share, By Companies, 2024 |
10.2 Grenada Computer Hardware 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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