| Product Code: ETC5885935 | 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 continues to be a lucrative market for garage equipment imports, with the top exporting countries being the USA, Germany, UK, China, and Canada in 2024. Despite the high Herfindahl-Hirschman Index (HHI) indicating concentration, the market is experiencing impressive growth with a Compound Annual Growth Rate (CAGR) of 12.42% from 2020 to 2024. The growth momentum is evident in the remarkable growth rate of 111.26% from 2023 to 2024, showcasing a strong demand for garage equipment in Grenada.
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 Garage Equipment Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Garage Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Garage Equipment Market - Industry Life Cycle |
3.4 Grenada Garage Equipment Market - Porter's Five Forces |
3.5 Grenada Garage Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Garage Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Garage Equipment Market Revenues & Volume Share, By Installation, 2021 & 2031F |
4 Grenada Garage Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the automotive industry in Grenada |
4.2.2 Increasing demand for vehicle maintenance and repairs |
4.2.3 Adoption of advanced technology in garage equipment |
4.2.4 Government initiatives supporting the automotive sector |
4.2.5 Rising disposable income leading to higher spending on vehicle maintenance |
4.3 Market Restraints |
4.3.1 High initial investment cost for garage equipment |
4.3.2 Limited awareness and skill gap among technicians |
4.3.3 Lack of standardization in the industry |
4.3.4 Economic fluctuations affecting consumer spending on vehicle maintenance |
4.3.5 Competition from unauthorized service providers |
5 Grenada Garage Equipment Market Trends |
6 Grenada Garage Equipment Market Segmentations |
6.1 Grenada Garage Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Garage Equipment Market Revenues & Volume, By OEM, 2021-2031F |
6.1.3 Grenada Garage Equipment Market Revenues & Volume, By Independent, 2021-2031F |
6.2 Grenada Garage Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Garage Equipment Market Revenues & Volume, By Body Shop, 2021-2031F |
6.2.3 Grenada Garage Equipment Market Revenues & Volume, By Diagnostic & Testing, 2021-2031F |
6.2.4 Grenada Garage Equipment Market Revenues & Volume, By Emission, 2021-2031F |
6.2.5 Grenada Garage Equipment Market Revenues & Volume, By Lifting, 2021-2031F |
6.2.6 Grenada Garage Equipment Market Revenues & Volume, By Wheel & Tire, 2021-2031F |
6.2.7 Grenada Garage Equipment Market Revenues & Volume, By Washing, 2021-2031F |
6.3 Grenada Garage Equipment Market, By Installation |
6.3.1 Overview and Analysis |
6.3.2 Grenada Garage Equipment Market Revenues & Volume, By Mobile, 2021-2031F |
6.3.3 Grenada Garage Equipment Market Revenues & Volume, By Fixed, 2021-2031F |
7 Grenada Garage Equipment Market Import-Export Trade Statistics |
7.1 Grenada Garage Equipment Market Export to Major Countries |
7.2 Grenada Garage Equipment Market Imports from Major Countries |
8 Grenada Garage Equipment Market Key Performance Indicators |
8.1 Percentage increase in the number of registered vehicles in Grenada |
8.2 Adoption rate of advanced garage equipment technologies |
8.3 Number of government programs or policies supporting the automotive sector |
8.4 Average time taken for vehicle maintenance and repairs |
8.5 Customer satisfaction ratings for garage services |
9 Grenada Garage Equipment Market - Opportunity Assessment |
9.1 Grenada Garage Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Garage Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Garage Equipment Market Opportunity Assessment, By Installation, 2021 & 2031F |
10 Grenada Garage Equipment Market - Competitive Landscape |
10.1 Grenada Garage Equipment Market Revenue Share, By Companies, 2024 |
10.2 Grenada Garage Equipment 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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