| Product Code: ETC5822228 | 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 |
Grenada`s earthmoving equipment import shipments in 2024 saw a significant increase in diversity, with top exporting countries including Saint Lucia, South Korea, UK, China, and Barbados. The Herfindahl-Hirschman Index (HHI) indicated a shift from very high concentration in 2023 to a more moderate level in 2024, reflecting a healthier market competition. With a strong Compound Annual Growth Rate (CAGR) of 7.93% from 2020 to 2024 and a remarkable growth rate of 74.52% in 2023-24, the earthmoving equipment market in Grenada is experiencing robust expansion and attracting a wider range of suppliers.
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 Earthmoving Equipment Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Earthmoving Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Earthmoving Equipment Market - Industry Life Cycle |
3.4 Grenada Earthmoving Equipment Market - Porter's Five Forces |
3.5 Grenada Earthmoving Equipment Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Earthmoving Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Earthmoving Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in construction and infrastructure development projects in Grenada |
4.2.2 Expansion of mining and quarrying activities in the region |
4.2.3 Government investments in road construction and maintenance projects |
4.3 Market Restraints |
4.3.1 High initial investment cost for earthmoving equipment |
4.3.2 Limited availability of skilled operators for specialized equipment |
4.3.3 Fluctuations in fuel prices affecting operational costs |
5 Grenada Earthmoving Equipment Market Trends |
6 Grenada Earthmoving Equipment Market Segmentations |
6.1 Grenada Earthmoving Equipment Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Earthmoving Equipment Market Revenues & Volume, By Excavators, 2021-2031F |
6.1.3 Grenada Earthmoving Equipment Market Revenues & Volume, By Loaders, 2021-2031F |
6.1.4 Grenada Earthmoving Equipment Market Revenues & Volume, By Dump Trucks, 2021-2031F |
6.1.5 Grenada Earthmoving Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Earthmoving Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Earthmoving Equipment Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Grenada Earthmoving Equipment Market Revenues & Volume, By Mining, 2021-2031F |
6.2.4 Grenada Earthmoving Equipment Market Revenues & Volume, By Agriculture & Forestry, 2021-2031F |
6.2.5 Grenada Earthmoving Equipment Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Earthmoving Equipment Market Import-Export Trade Statistics |
7.1 Grenada Earthmoving Equipment Market Export to Major Countries |
7.2 Grenada Earthmoving Equipment Market Imports from Major Countries |
8 Grenada Earthmoving Equipment Market Key Performance Indicators |
8.1 Average utilization rate of earthmoving equipment |
8.2 Rate of adoption of advanced technology in earthmoving equipment |
8.3 Maintenance and downtime costs per equipment unit |
9 Grenada Earthmoving Equipment Market - Opportunity Assessment |
9.1 Grenada Earthmoving Equipment Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Earthmoving Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Earthmoving Equipment Market - Competitive Landscape |
10.1 Grenada Earthmoving Equipment Market Revenue Share, By Companies, 2024 |
10.2 Grenada Earthmoving Equipment 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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