| Product Code: ETC7369943 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada continues to rely on key trading partners such as the USA, Netherlands, Trinidad and Tobago, Puerto Rico, and the UK for external gear pump imports in 2024. Despite a significant growth rate of 78.53% over the past four years, the market witnessed a decline of -47.23% from 2023 to 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, highlighting the dominance of these top exporting countries in supplying external gear pumps to Grenada. Monitoring market trends and diversifying import sources may be crucial for sustaining consistent growth 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 External Gear Pump Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada External Gear Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada External Gear Pump Market - Industry Life Cycle |
3.4 Grenada External Gear Pump Market - Porter's Five Forces |
3.5 Grenada External Gear Pump Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada External Gear Pump Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada External Gear Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for efficient and reliable hydraulic systems in various industries |
4.2.2 Growing focus on energy-efficient and environmentally friendly pumping solutions |
4.2.3 Expansion of industrial infrastructure and manufacturing activities in emerging economies |
4.3 Market Restraints |
4.3.1 Intense competition from alternative pump technologies such as vane pumps and piston pumps |
4.3.2 Volatility in raw material prices impacting production costs |
4.3.3 Regulatory challenges related to environmental standards and certifications |
5 Grenada External Gear Pump Market Trends |
6 Grenada External Gear Pump Market, By Types |
6.1 Grenada External Gear Pump Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada External Gear Pump Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Grenada External Gear Pump Market Revenues & Volume, By Motorless, 2021- 2031F |
6.1.4 Grenada External Gear Pump Market Revenues & Volume, By Electric, 2021- 2031F |
6.1.5 Grenada External Gear Pump Market Revenues & Volume, By Two Shaft, 2021- 2031F |
6.2 Grenada External Gear Pump Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Grenada External Gear Pump Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.3 Grenada External Gear Pump Market Revenues & Volume, By Chemical Processing, 2021- 2031F |
6.2.4 Grenada External Gear Pump Market Revenues & Volume, By Material Handling, 2021- 2031F |
6.2.5 Grenada External Gear Pump Market Revenues & Volume, By Mining, 2021- 2031F |
6.2.6 Grenada External Gear Pump Market Revenues & Volume, By Automotive Manufacturing, 2021- 2031F |
6.2.7 Grenada External Gear Pump Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada External Gear Pump Market Import-Export Trade Statistics |
7.1 Grenada External Gear Pump Market Export to Major Countries |
7.2 Grenada External Gear Pump Market Imports from Major Countries |
8 Grenada External Gear Pump Market Key Performance Indicators |
8.1 Percentage increase in the adoption of external gear pumps in key industries |
8.2 Average energy efficiency improvement achieved by Grenada external gear pumps compared to competitors |
8.3 Number of new product innovations and patents registered in the Grenada external gear pump market |
8.4 Customer satisfaction ratings and feedback on product quality and performance |
8.5 Rate of growth in aftermarket services and maintenance contracts for Grenada external gear pumps |
9 Grenada External Gear Pump Market - Opportunity Assessment |
9.1 Grenada External Gear Pump Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada External Gear Pump Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada External Gear Pump Market - Competitive Landscape |
10.1 Grenada External Gear Pump Market Revenue Share, By Companies, 2024 |
10.2 Grenada External Gear Pump 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.
To discover high-growth global markets and optimize your business strategy:
Click Here