| Product Code: ETC11926246 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The import shipments of elevators and escalators to Grenada in 2024 continued to be dominated by top exporting countries such as China, USA, Lebanon, UK, and Canada. The High Herfindahl-Hirschman Index (HHI) indicates a very high concentration of imports among these countries. Despite a strong Compound Annual Growth Rate (CAGR) of 30.2% from 2020 to 2024, the growth rate experienced a significant decline of -32.15% from 2023 to 2024. This shift in growth rate may signal a potential slowdown in the elevator and escalator market in Grenada for the upcoming year.
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 Elevator Escalator Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Elevator Escalator Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Elevator Escalator Market - Industry Life Cycle |
3.4 Grenada Elevator Escalator Market - Porter's Five Forces |
3.5 Grenada Elevator Escalator Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Elevator Escalator Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.7 Grenada Elevator Escalator Market Revenues & Volume Share, By End user, 2021 & 2031F |
4 Grenada Elevator Escalator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Elevator Escalator Market Trends |
6 Grenada Elevator Escalator Market, By Types |
6.1 Grenada Elevator Escalator Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Elevator Escalator Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Elevator Escalator Market Revenues & Volume, By Elevators, 2021 - 2031F |
6.1.4 Grenada Elevator Escalator Market Revenues & Volume, By Escalators, 2021 - 2031F |
6.1.5 Grenada Elevator Escalator Market Revenues & Volume, By Moving walkaways, 2021 - 2031F |
6.2 Grenada Elevator Escalator Market, By Service |
6.2.1 Overview and Analysis |
6.2.2 Grenada Elevator Escalator Market Revenues & Volume, By New Installation, 2021 - 2031F |
6.2.3 Grenada Elevator Escalator Market Revenues & Volume, By Maintenance & Repair, 2021 - 2031F |
6.2.4 Grenada Elevator Escalator Market Revenues & Volume, By Modernization, 2021 - 2031F |
6.3 Grenada Elevator Escalator Market, By End user |
6.3.1 Overview and Analysis |
6.3.2 Grenada Elevator Escalator Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.3 Grenada Elevator Escalator Market Revenues & Volume, By Commericial, 2021 - 2031F |
6.3.4 Grenada Elevator Escalator Market Revenues & Volume, By Large-scale, 2021 - 2031F |
7 Grenada Elevator Escalator Market Import-Export Trade Statistics |
7.1 Grenada Elevator Escalator Market Export to Major Countries |
7.2 Grenada Elevator Escalator Market Imports from Major Countries |
8 Grenada Elevator Escalator Market Key Performance Indicators |
9 Grenada Elevator Escalator Market - Opportunity Assessment |
9.1 Grenada Elevator Escalator Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Elevator Escalator Market Opportunity Assessment, By Service, 2021 & 2031F |
9.3 Grenada Elevator Escalator Market Opportunity Assessment, By End user, 2021 & 2031F |
10 Grenada Elevator Escalator Market - Competitive Landscape |
10.1 Grenada Elevator Escalator Market Revenue Share, By Companies, 2024 |
10.2 Grenada Elevator Escalator 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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