| Product Code: ETC7367619 | 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 |
The import shipments of construction machinery telematics to Grenada in 2024 saw a continued high concentration with the top exporting countries being the USA, Trinidad and Tobago, UAE, UK, and Japan. The industry experienced a strong compound annual growth rate (CAGR) of 11.81% from 2020 to 2024, with a steady growth rate of 2.23% from 2023 to 2024. This data indicates a sustained demand for construction machinery telematics in Grenada, with key international players dominating 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 Construction Machinery Telematics Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Construction Machinery Telematics Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Construction Machinery Telematics Market - Industry Life Cycle |
3.4 Grenada Construction Machinery Telematics Market - Porter's Five Forces |
3.5 Grenada Construction Machinery Telematics Market Revenues & Volume Share, By Machinery Type, 2021 & 2031F |
3.6 Grenada Construction Machinery Telematics Market Revenues & Volume Share, By Sales Channel Type, 2021 & 2031F |
3.7 Grenada Construction Machinery Telematics Market Revenues & Volume Share, By Telematic Feature, 2021 & 2031F |
4 Grenada Construction Machinery Telematics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for real-time monitoring and tracking of construction machinery |
4.2.2 Growing focus on improving operational efficiency and reducing downtime in construction projects |
4.2.3 Government regulations mandating the use of telematics for safety and compliance in the construction industry |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with implementing telematics systems in construction machinery |
4.3.2 Concerns related to data privacy and cybersecurity risks associated with telematics solutions |
5 Grenada Construction Machinery Telematics Market Trends |
6 Grenada Construction Machinery Telematics Market, By Types |
6.1 Grenada Construction Machinery Telematics Market, By Machinery Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Construction Machinery Telematics Market Revenues & Volume, By Machinery Type, 2021- 2031F |
6.1.3 Grenada Construction Machinery Telematics Market Revenues & Volume, By Crane, 2021- 2031F |
6.1.4 Grenada Construction Machinery Telematics Market Revenues & Volume, By Excavator, 2021- 2031F |
6.1.5 Grenada Construction Machinery Telematics Market Revenues & Volume, By Telescopic Handling, 2021- 2031F |
6.1.6 Grenada Construction Machinery Telematics Market Revenues & Volume, By Loaders and Backhoes, 2021- 2031F |
6.1.7 Grenada Construction Machinery Telematics Market Revenues & Volume, By Other Machinery Types, 2021- 2031F |
6.2 Grenada Construction Machinery Telematics Market, By Sales Channel Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Construction Machinery Telematics Market Revenues & Volume, By OEM, 2021- 2031F |
6.2.3 Grenada Construction Machinery Telematics Market Revenues & Volume, By Aftermarket, 2021- 2031F |
6.3 Grenada Construction Machinery Telematics Market, By Telematic Feature |
6.3.1 Overview and Analysis |
6.3.2 Grenada Construction Machinery Telematics Market Revenues & Volume, By Tracking, 2021- 2031F |
6.3.3 Grenada Construction Machinery Telematics Market Revenues & Volume, By Diagnostic, 2021- 2031F |
6.3.4 Grenada Construction Machinery Telematics Market Revenues & Volume, By Other Telematic Features, 2021- 2031F |
7 Grenada Construction Machinery Telematics Market Import-Export Trade Statistics |
7.1 Grenada Construction Machinery Telematics Market Export to Major Countries |
7.2 Grenada Construction Machinery Telematics Market Imports from Major Countries |
8 Grenada Construction Machinery Telematics Market Key Performance Indicators |
8.1 Percentage increase in overall equipment efficiency (OEE) after implementing telematics systems |
8.2 Reduction in maintenance costs for construction machinery with telematics integration |
8.3 Average time saved per project due to real-time monitoring and tracking of machinery movements |
9 Grenada Construction Machinery Telematics Market - Opportunity Assessment |
9.1 Grenada Construction Machinery Telematics Market Opportunity Assessment, By Machinery Type, 2021 & 2031F |
9.2 Grenada Construction Machinery Telematics Market Opportunity Assessment, By Sales Channel Type, 2021 & 2031F |
9.3 Grenada Construction Machinery Telematics Market Opportunity Assessment, By Telematic Feature, 2021 & 2031F |
10 Grenada Construction Machinery Telematics Market - Competitive Landscape |
10.1 Grenada Construction Machinery Telematics Market Revenue Share, By Companies, 2024 |
10.2 Grenada Construction Machinery Telematics 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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