| Product Code: ETC7368413 | 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 Grenada deadbolt smart lock import market continues to thrive in 2024, with top exporting countries including the USA, Canada, Trinidad and Tobago, China, and Hong Kong. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 9.48% from 2020 to 2024 demonstrates sustained growth. Additionally, the growth rate of 10.28% from 2023 to 2024 signifies a promising upward trajectory for the industry. The demand for smart lock technology in Grenada remains strong, attracting imports from a diverse range of key exporting 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 Deadbolt Smart Lock Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Deadbolt Smart Lock Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Deadbolt Smart Lock Market - Industry Life Cycle |
3.4 Grenada Deadbolt Smart Lock Market - Porter's Five Forces |
3.5 Grenada Deadbolt Smart Lock Market Revenues & Volume Share, By Communication Protocol, 2021 & 2031F |
3.6 Grenada Deadbolt Smart Lock Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Grenada Deadbolt Smart Lock Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for smart home security solutions |
4.2.2 Growing awareness about the importance of home security |
4.2.3 Technological advancements in smart lock features |
4.3 Market Restraints |
4.3.1 High initial cost of smart lock installation |
4.3.2 Concerns over data privacy and security |
4.3.3 Limited compatibility with existing door systems |
5 Grenada Deadbolt Smart Lock Market Trends |
6 Grenada Deadbolt Smart Lock Market, By Types |
6.1 Grenada Deadbolt Smart Lock Market, By Communication Protocol |
6.1.1 Overview and Analysis |
6.1.2 Grenada Deadbolt Smart Lock Market Revenues & Volume, By Communication Protocol, 2021- 2031F |
6.1.3 Grenada Deadbolt Smart Lock Market Revenues & Volume, By Wi-Fi, 2021- 2031F |
6.1.4 Grenada Deadbolt Smart Lock Market Revenues & Volume, By Bluetooth, 2021- 2031F |
6.1.5 Grenada Deadbolt Smart Lock Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Deadbolt Smart Lock Market, By Vertical |
6.2.1 Overview and Analysis |
6.2.2 Grenada Deadbolt Smart Lock Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.3 Grenada Deadbolt Smart Lock Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.4 Grenada Deadbolt Smart Lock Market Revenues & Volume, By Institution and Government, 2021- 2031F |
6.2.5 Grenada Deadbolt Smart Lock Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Grenada Deadbolt Smart Lock Market Import-Export Trade Statistics |
7.1 Grenada Deadbolt Smart Lock Market Export to Major Countries |
7.2 Grenada Deadbolt Smart Lock Market Imports from Major Countries |
8 Grenada Deadbolt Smart Lock Market Key Performance Indicators |
8.1 Percentage increase in the adoption of smart home devices in the residential sector |
8.2 Number of reported security breaches or vulnerabilities in smart lock systems |
8.3 Rate of new product development and feature enhancements in the smart lock market |
9 Grenada Deadbolt Smart Lock Market - Opportunity Assessment |
9.1 Grenada Deadbolt Smart Lock Market Opportunity Assessment, By Communication Protocol, 2021 & 2031F |
9.2 Grenada Deadbolt Smart Lock Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Grenada Deadbolt Smart Lock Market - Competitive Landscape |
10.1 Grenada Deadbolt Smart Lock Market Revenue Share, By Companies, 2024 |
10.2 Grenada Deadbolt Smart 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.
To discover high-growth global markets and optimize your business strategy:
Click Here