| Product Code: ETC5182384 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The electric hoist import market in Grenada experienced significant growth in 2024, with top exporting countries being USA, China, Guyana, Barbados, and Areas, nes. The market concentration, as measured by the HHI, reached very high levels in 2024, indicating a more consolidated market landscape. With a strong Compound Annual Growth Rate (CAGR) of 13.23% from 2020 to 2024 and an impressive growth rate of 159.28% from 2023 to 2024, the electric hoist import sector in Grenada is showing promising signs of expansion and increased competitiveness.
By 2027, the Electric Hoist market in Grenada is anticipated to reach a growth rate of 1.58%, as part of an increasingly competitive North America region, where United States of America remains at the forefront, supported by Canada, Trinidad and Tobago, Jamaica and Bahamas, driving innovations and market adoption across sectors.

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 Electric Hoist Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Electric Hoist Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Electric Hoist Market - Industry Life Cycle |
3.4 Grenada Electric Hoist Market - Porter's Five Forces |
3.5 Grenada Electric Hoist Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Electric Hoist Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Electric Hoist Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for efficient material handling solutions in industries |
4.2.2 Growing construction activities and infrastructure development in Grenada |
4.2.3 Adoption of advanced technologies in manufacturing processes |
4.3 Market Restraints |
4.3.1 High initial investment required for electric hoists |
4.3.2 Limited awareness about the benefits of electric hoists in Grenada |
4.3.3 Lack of skilled workforce for operating and maintaining electric hoists |
5 Grenada Electric Hoist Market Trends |
6 Grenada Electric Hoist Market Segmentations |
6.1 Grenada Electric Hoist Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Electric Hoist Market Revenues & Volume, By Electric Wire Hoist, 2021-2031F |
6.1.3 Grenada Electric Hoist Market Revenues & Volume, By Electric Chain Hoist, 2021-2031F |
6.1.4 Grenada Electric Hoist Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Electric Hoist Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Electric Hoist Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Grenada Electric Hoist Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Grenada Electric Hoist Market Revenues & Volume, By Energy, 2021-2031F |
6.2.5 Grenada Electric Hoist Market Revenues & Volume, By Aerospace, 2021-2031F |
6.2.6 Grenada Electric Hoist Market Revenues & Volume, By Transportation, 2021-2031F |
6.2.7 Grenada Electric Hoist Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Electric Hoist Market Import-Export Trade Statistics |
7.1 Grenada Electric Hoist Market Export to Major Countries |
7.2 Grenada Electric Hoist Market Imports from Major Countries |
8 Grenada Electric Hoist Market Key Performance Indicators |
8.1 Average utilization rate of electric hoists in Grenada |
8.2 Number of new construction projects utilizing electric hoists |
8.3 Percentage increase in the adoption of electric hoists compared to traditional hoisting methods |
9 Grenada Electric Hoist Market - Opportunity Assessment |
9.1 Grenada Electric Hoist Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Electric Hoist Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Electric Hoist Market - Competitive Landscape |
10.1 Grenada Electric Hoist Market Revenue Share, By Companies, 2024 |
10.2 Grenada Electric Hoist 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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