| Product Code: ETC7369550 | 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 |
Grenada`s elevator import market continues to thrive in 2024, with major shipments originating from China, USA, UK, Barbados, and Lebanon. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 13.35% from 2020 to 2024 demonstrates sustained expansion. Notably, the growth rate spiked at 44.93% in 2024, underscoring the increasing demand for elevators in Grenada. This trend suggests a promising outlook for the elevator import industry in the country.
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 Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Elevator Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Elevator Market - Industry Life Cycle |
3.4 Grenada Elevator Market - Porter's Five Forces |
3.5 Grenada Elevator Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Elevator Market Revenues & Volume Share, By Deck Type, 2021 & 2031F |
3.7 Grenada Elevator Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Elevator Market Revenues & Volume Share, By Destination Control, 2021 & 2031F |
3.9 Grenada Elevator Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.10 Grenada Elevator Market Revenues & Volume Share, By Installation, 2021 & 2031F |
4 Grenada Elevator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Elevator Market Trends |
6 Grenada Elevator Market, By Types |
6.1 Grenada Elevator Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Elevator Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Elevator Market Revenues & Volume, By Hydraulic and Pneumatic, 2021- 2031F |
6.1.4 Grenada Elevator Market Revenues & Volume, By Machine Room [MR] Traction, 2021- 2031F |
6.1.5 Grenada Elevator Market Revenues & Volume, By Machine Room-Less [MRL] Traction, 2021- 2031F |
6.2 Grenada Elevator Market, By Deck Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Elevator Market Revenues & Volume, By Single Deck, 2021- 2031F |
6.2.3 Grenada Elevator Market Revenues & Volume, By Double Deck, 2021- 2031F |
6.3 Grenada Elevator Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Elevator Market Revenues & Volume, By Passengers, 2021- 2031F |
6.3.3 Grenada Elevator Market Revenues & Volume, By Freight, 2021- 2031F |
6.4 Grenada Elevator Market, By Destination Control |
6.4.1 Overview and Analysis |
6.4.2 Grenada Elevator Market Revenues & Volume, By Smart, 2021- 2031F |
6.4.3 Grenada Elevator Market Revenues & Volume, By Conventional, 2021- 2031F |
6.5 Grenada Elevator Market, By Technology |
6.5.1 Overview and Analysis |
6.5.2 Grenada Elevator Market Revenues & Volume, By Traction elevator, 2021- 2031F |
6.5.3 Grenada Elevator Market Revenues & Volume, By Machine room less traction elevator, 2021- 2031F |
6.5.4 Grenada Elevator Market Revenues & Volume, By Hydraulic, 2021- 2031F |
6.6 Grenada Elevator Market, By Installation |
6.6.1 Overview and Analysis |
6.6.2 Grenada Elevator Market Revenues & Volume, By New Installation, 2021- 2031F |
6.6.3 Grenada Elevator Market Revenues & Volume, By Maintenance, 2021- 2031F |
6.6.4 Grenada Elevator Market Revenues & Volume, By Modernization, 2021- 2031F |
7 Grenada Elevator Market Import-Export Trade Statistics |
7.1 Grenada Elevator Market Export to Major Countries |
7.2 Grenada Elevator Market Imports from Major Countries |
8 Grenada Elevator Market Key Performance Indicators |
9 Grenada Elevator Market - Opportunity Assessment |
9.1 Grenada Elevator Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Elevator Market Opportunity Assessment, By Deck Type, 2021 & 2031F |
9.3 Grenada Elevator Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Elevator Market Opportunity Assessment, By Destination Control, 2021 & 2031F |
9.5 Grenada Elevator Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.6 Grenada Elevator Market Opportunity Assessment, By Installation, 2021 & 2031F |
10 Grenada Elevator Market - Competitive Landscape |
10.1 Grenada Elevator Market Revenue Share, By Companies, 2024 |
10.2 Grenada Elevator 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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