| Product Code: ETC5920515 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to see a high level of concentration in DC torque tool import shipments, with the top exporting countries being the USA, China, Germany, Brazil, and Trinidad and Tobago. Despite a significant growth rate of 19.01% from 2020 to 2024, there was a slight decline in growth from 2023 to 2024 at -22.46%. This indicates a dynamic market environment with potential shifts in trade patterns and competition among key players. Grenada`s reliance on these top exporting countries highlights the importance of maintaining strong trade relationships to ensure a stable supply of DC torque tools.
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 DC Torque Tool Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada DC Torque Tool Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada DC Torque Tool Market - Industry Life Cycle |
3.4 Grenada DC Torque Tool Market - Porter's Five Forces |
3.5 Grenada DC Torque Tool Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada DC Torque Tool Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.7 Grenada DC Torque Tool Market Revenues & Volume Share, By Control System, 2021 & 2031F |
4 Grenada DC Torque Tool Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high precision torque tools in industries such as automotive, aerospace, and electronics. |
4.2.2 Growing focus on improving operational efficiency and reducing assembly errors in manufacturing processes. |
4.2.3 Technological advancements leading to the development of more accurate and reliable DC torque tools. |
4.3 Market Restraints |
4.3.1 High initial investment required for purchasing DC torque tools, limiting adoption among small and medium-sized enterprises. |
4.3.2 Technical complexities associated with calibrating and maintaining DC torque tools, leading to additional costs and training requirements. |
5 Grenada DC Torque Tool Market Trends |
6 Grenada DC Torque Tool Market Segmentations |
6.1 Grenada DC Torque Tool Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada DC Torque Tool Market Revenues & Volume, By Handheld Tools, 2021-2031F |
6.1.3 Grenada DC Torque Tool Market Revenues & Volume, By Fixtured Tools, 2021-2031F |
6.2 Grenada DC Torque Tool Market, By Power Source |
6.2.1 Overview and Analysis |
6.2.2 Grenada DC Torque Tool Market Revenues & Volume, By Corded , 2021-2031F |
6.2.3 Grenada DC Torque Tool Market Revenues & Volume, By Cordless, 2021-2031F |
6.3 Grenada DC Torque Tool Market, By Control System |
6.3.1 Overview and Analysis |
6.3.2 Grenada DC Torque Tool Market Revenues & Volume, By Transducer , 2021-2031F |
6.3.3 Grenada DC Torque Tool Market Revenues & Volume, By Current, 2021-2031F |
7 Grenada DC Torque Tool Market Import-Export Trade Statistics |
7.1 Grenada DC Torque Tool Market Export to Major Countries |
7.2 Grenada DC Torque Tool Market Imports from Major Countries |
8 Grenada DC Torque Tool Market Key Performance Indicators |
8.1 Percentage of manufacturing companies adopting DC torque tools in their assembly processes. |
8.2 Rate of technological advancements in DC torque tool design and functionality. |
8.3 Number of training programs and certifications offered for DC torque tool operation and maintenance. |
9 Grenada DC Torque Tool Market - Opportunity Assessment |
9.1 Grenada DC Torque Tool Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada DC Torque Tool Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.3 Grenada DC Torque Tool Market Opportunity Assessment, By Control System, 2021 & 2031F |
10 Grenada DC Torque Tool Market - Competitive Landscape |
10.1 Grenada DC Torque Tool Market Revenue Share, By Companies, 2024 |
10.2 Grenada DC Torque Tool 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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