| Product Code: ETC5407021 | 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 electronic weighing machines import market in 2024 continued to see significant concentration with the top countries exporting being the USA, Panama, UK, China, and Barbados. The high Herfindahl-Hirschman Index (HHI) indicates a market dominated by a few key players. The impressive compound annual growth rate (CAGR) of 9.63% from 2020 to 2024 demonstrates sustained demand. Moreover, the remarkable growth rate of 50.69% from 2023 to 2024 suggests a surge in import activity, signaling opportunities for suppliers to capitalize on Grenada`s evolving market dynamics.
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 Weighing Machines Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Electronic Weighing Machines Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Electronic Weighing Machines Market - Industry Life Cycle |
3.4 Grenada Electronic Weighing Machines Market - Porter's Five Forces |
3.5 Grenada Electronic Weighing Machines Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Electronic Weighing Machines Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Electronic Weighing Machines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Technological advancements leading to more accurate and efficient electronic weighing machines |
4.2.2 Increasing demand for automation in industries and retail sectors |
4.2.3 Government regulations mandating the use of certified weighing equipment in various sectors |
4.3 Market Restraints |
4.3.1 High initial investment required for purchasing electronic weighing machines |
4.3.2 Lack of awareness and training among users on the benefits and proper use of electronic weighing machines |
4.3.3 Competition from traditional weighing methods such as manual scales |
5 Grenada Electronic Weighing Machines Market Trends |
6 Grenada Electronic Weighing Machines Market Segmentations |
6.1 Grenada Electronic Weighing Machines Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Electronic Weighing Machines Market Revenues & Volume, By Laboratory Scale, 2021-2031F |
6.1.3 Grenada Electronic Weighing Machines Market Revenues & Volume, By Gem and Jewelry Scale, 2021-2031F |
6.1.4 Grenada Electronic Weighing Machines Market Revenues & Volume, By Retail Scale, 2021-2031F |
6.1.5 Grenada Electronic Weighing Machines Market Revenues & Volume, By Health Scale, 2021-2031F |
6.1.6 Grenada Electronic Weighing Machines Market Revenues & Volume, By Kitchen Scale, 2021-2031F |
6.1.7 Grenada Electronic Weighing Machines Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Electronic Weighing Machines Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Grenada Electronic Weighing Machines Market Revenues & Volume, By Online, 2021-2031F |
6.2.3 Grenada Electronic Weighing Machines Market Revenues & Volume, By Offline, 2021-2031F |
7 Grenada Electronic Weighing Machines Market Import-Export Trade Statistics |
7.1 Grenada Electronic Weighing Machines Market Export to Major Countries |
7.2 Grenada Electronic Weighing Machines Market Imports from Major Countries |
8 Grenada Electronic Weighing Machines Market Key Performance Indicators |
8.1 Average utilization rate of electronic weighing machines in industries and retail establishments |
8.2 Percentage increase in the adoption of electronic weighing machines compared to the previous year |
8.3 Number of certifications obtained for compliance with industry standards and regulations |
9 Grenada Electronic Weighing Machines Market - Opportunity Assessment |
9.1 Grenada Electronic Weighing Machines Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Electronic Weighing Machines Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Electronic Weighing Machines Market - Competitive Landscape |
10.1 Grenada Electronic Weighing Machines Market Revenue Share, By Companies, 2024 |
10.2 Grenada Electronic Weighing Machines 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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