| Product Code: ETC7369494 | 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 continued to import electronic home locks primarily from top exporting countries such as USA, Canada, Trinidad and Tobago, China, and Hong Kong. Despite a high concentration in market share, the industry experienced a moderate compound annual growth rate (CAGR) of 6.13% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024, with a negative rate of -16.22%. This data suggests a competitive market landscape with potential opportunities for market expansion and diversification in the future.
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 Electronic Home Locks Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Electronic Home Locks Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Electronic Home Locks Market - Industry Life Cycle |
3.4 Grenada Electronic Home Locks Market - Porter's Five Forces |
3.5 Grenada Electronic Home Locks Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Electronic Home Locks Market Revenues & Volume Share, By Channel, 2021 & 2031F |
4 Grenada Electronic Home Locks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Electronic Home Locks Market Trends |
6 Grenada Electronic Home Locks Market, By Types |
6.1 Grenada Electronic Home Locks Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Electronic Home Locks Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Electronic Home Locks Market Revenues & Volume, By Strikes, 2021- 2031F |
6.1.4 Grenada Electronic Home Locks Market Revenues & Volume, By Deadbolts and Latches, 2021- 2031F |
6.1.5 Grenada Electronic Home Locks Market Revenues & Volume, By Lever Locks, 2021- 2031F |
6.2 Grenada Electronic Home Locks Market, By Channel |
6.2.1 Overview and Analysis |
6.2.2 Grenada Electronic Home Locks Market Revenues & Volume, By Offline, 2021- 2031F |
6.2.3 Grenada Electronic Home Locks Market Revenues & Volume, By Online, 2021- 2031F |
7 Grenada Electronic Home Locks Market Import-Export Trade Statistics |
7.1 Grenada Electronic Home Locks Market Export to Major Countries |
7.2 Grenada Electronic Home Locks Market Imports from Major Countries |
8 Grenada Electronic Home Locks Market Key Performance Indicators |
9 Grenada Electronic Home Locks Market - Opportunity Assessment |
9.1 Grenada Electronic Home Locks Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Electronic Home Locks Market Opportunity Assessment, By Channel, 2021 & 2031F |
10 Grenada Electronic Home Locks Market - Competitive Landscape |
10.1 Grenada Electronic Home Locks Market Revenue Share, By Companies, 2024 |
10.2 Grenada Electronic Home Locks 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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