| Product Code: ETC7368226 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada`s import shipments of cylinder locks continued to show a high level of market concentration, with the top exporting countries being the USA, Canada, Trinidad and Tobago, China, and Hong Kong. The high Herfindahl-Hirschman Index (HHI) indicates a dominance of these key players in the market. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 5.11%, showcasing sustained growth in demand. Additionally, the growth rate from 2023 to 2024 was recorded at 1.94%, suggesting a stable upward trajectory for cylinder lock imports in Grenada.
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 Cylinder Lock Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Cylinder Lock Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Cylinder Lock Market - Industry Life Cycle |
3.4 Grenada Cylinder Lock Market - Porter's Five Forces |
3.5 Grenada Cylinder Lock Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Cylinder Lock Market Revenues & Volume Share, By Category, 2021 & 2031F |
3.7 Grenada Cylinder Lock Market Revenues & Volume Share, By Price, 2021 & 2031F |
3.8 Grenada Cylinder Lock Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.9 Grenada Cylinder Lock Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Cylinder Lock Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Cylinder Lock Market Trends |
6 Grenada Cylinder Lock Market, By Types |
6.1 Grenada Cylinder Lock Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Cylinder Lock Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Grenada Cylinder Lock Market Revenues & Volume, By Smart Cylinder Lock, 2021- 2031F |
6.1.4 Grenada Cylinder Lock Market Revenues & Volume, By Conventional Cylinder Lock, 2021- 2031F |
6.2 Grenada Cylinder Lock Market, By Category |
6.2.1 Overview and Analysis |
6.2.2 Grenada Cylinder Lock Market Revenues & Volume, By Euro Cylinder, 2021- 2031F |
6.2.3 Grenada Cylinder Lock Market Revenues & Volume, By Oval Cylinder, 2021- 2031F |
6.2.4 Grenada Cylinder Lock Market Revenues & Volume, By Rim Cylinder, 2021- 2031F |
6.2.5 Grenada Cylinder Lock Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Grenada Cylinder Lock Market, By Price |
6.3.1 Overview and Analysis |
6.3.2 Grenada Cylinder Lock Market Revenues & Volume, By Up to US$ 25, 2021- 2031F |
6.3.3 Grenada Cylinder Lock Market Revenues & Volume, By US$ 25 to US$ 50, 2021- 2031F |
6.3.4 Grenada Cylinder Lock Market Revenues & Volume, By Above US$ 50, 2021- 2031F |
6.4 Grenada Cylinder Lock Market, By End-user |
6.4.1 Overview and Analysis |
6.4.2 Grenada Cylinder Lock Market Revenues & Volume, By Residential, 2021- 2031F |
6.4.3 Grenada Cylinder Lock Market Revenues & Volume, By Commercial, 2021- 2031F |
6.5 Grenada Cylinder Lock Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Grenada Cylinder Lock Market Revenues & Volume, By Online, 2021- 2031F |
6.5.3 Grenada Cylinder Lock Market Revenues & Volume, By Offline, 2021- 2031F |
7 Grenada Cylinder Lock Market Import-Export Trade Statistics |
7.1 Grenada Cylinder Lock Market Export to Major Countries |
7.2 Grenada Cylinder Lock Market Imports from Major Countries |
8 Grenada Cylinder Lock Market Key Performance Indicators |
9 Grenada Cylinder Lock Market - Opportunity Assessment |
9.1 Grenada Cylinder Lock Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Cylinder Lock Market Opportunity Assessment, By Category, 2021 & 2031F |
9.3 Grenada Cylinder Lock Market Opportunity Assessment, By Price, 2021 & 2031F |
9.4 Grenada Cylinder Lock Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.5 Grenada Cylinder Lock Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Cylinder Lock Market - Competitive Landscape |
10.1 Grenada Cylinder Lock Market Revenue Share, By Companies, 2024 |
10.2 Grenada Cylinder Lock 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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