| Product Code: ETC5871571 | 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 forklift import shipments in 2024 saw a significant increase in concentration, with top exporting countries being the USA, Trinidad and Tobago, Dominica, Japan, and Anguilla. The High Herfindahl-Hirschman Index (HHI) indicates a very high concentration in the market. Despite a high Compound Annual Growth Rate (CAGR) of 29.4% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024 at -49.54%. This data suggests a dynamic and competitive landscape for forklift imports in Grenada, with potential implications for market players and stakeholders to consider.
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 Forklift Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Forklift Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Forklift Market - Industry Life Cycle |
3.4 Grenada Forklift Market - Porter's Five Forces |
3.5 Grenada Forklift Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.6 Grenada Forklift Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
3.7 Grenada Forklift Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
4 Grenada Forklift Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for efficient material handling solutions in Grenada. |
4.2.2 Growth in the construction industry leading to higher demand for forklifts. |
4.2.3 Government initiatives promoting industrial growth and infrastructure development. |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with forklifts. |
4.3.2 Limited availability of skilled forklift operators in Grenada. |
4.3.3 Economic fluctuations impacting the purchasing power of businesses. |
5 Grenada Forklift Market Trends |
6 Grenada Forklift Market Segmentations |
6.1 Grenada Forklift Market, By Class |
6.1.1 Overview and Analysis |
6.1.2 Grenada Forklift Market Revenues & Volume, By Class 1, 2021-2031F |
6.1.3 Grenada Forklift Market Revenues & Volume, By 2, 2021-2031F |
6.1.4 Grenada Forklift Market Revenues & Volume, By 3, 2021-2031F |
6.1.5 Grenada Forklift Market Revenues & Volume, By 4/5, 2021-2031F |
6.2 Grenada Forklift Market, By Propulsion |
6.2.1 Overview and Analysis |
6.2.2 Grenada Forklift Market Revenues & Volume, By Electric, 2021-2031F |
6.2.3 Grenada Forklift Market Revenues & Volume, By ICE, 2021-2031F |
6.3 Grenada Forklift Market, By Battery Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Forklift Market Revenues & Volume, By Li-Ion, 2021-2031F |
6.3.3 Grenada Forklift Market Revenues & Volume, By Lead Acid, 2021-2031F |
7 Grenada Forklift Market Import-Export Trade Statistics |
7.1 Grenada Forklift Market Export to Major Countries |
7.2 Grenada Forklift Market Imports from Major Countries |
8 Grenada Forklift Market Key Performance Indicators |
8.1 Average utilization rate of forklifts in Grenada. |
8.2 Number of forklift certifications issued annually. |
8.3 Frequency of forklift maintenance and repair services. |
8.4 Adoption rate of electric or eco-friendly forklift models. |
8.5 Number of new warehouses or industrial facilities established in Grenada. |
9 Grenada Forklift Market - Opportunity Assessment |
9.1 Grenada Forklift Market Opportunity Assessment, By Class, 2021 & 2031F |
9.2 Grenada Forklift Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
9.3 Grenada Forklift Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
10 Grenada Forklift Market - Competitive Landscape |
10.1 Grenada Forklift Market Revenue Share, By Companies, 2024 |
10.2 Grenada Forklift 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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