| Product Code: ETC5146607 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to heavily rely on the USA, Trinidad and Tobago, UK, Germany, and Canada for its grinding wheels imports. Despite a low growth rate in 2023-24, the compound annual growth rate (CAGR) from 2020-24 remained positive at 1.79%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market for grinding wheels imports in Grenada. This data suggests the need for diversification in import sources and potential market opportunities for new entrants in the grinding wheels industry 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 Grinding Wheels Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Grinding Wheels Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Grinding Wheels Market - Industry Life Cycle |
3.4 Grenada Grinding Wheels Market - Porter's Five Forces |
3.5 Grenada Grinding Wheels Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Grinding Wheels Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Grenada Grinding Wheels Market Revenues & Volume Share, By Diameter, 2021 & 2031F |
3.8 Grenada Grinding Wheels Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.9 Grenada Grinding Wheels Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.10 Grenada Grinding Wheels Market Revenues & Volume Share, By Price, 2021 & 2031F |
3.11 Grenada Grinding Wheels Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Grinding Wheels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision grinding in industries such as automotive, aerospace, and manufacturing |
4.2.2 Growing adoption of advanced materials that require specialized grinding wheels for efficient processing |
4.2.3 Technological advancements in grinding wheel materials and design, leading to improved performance and durability |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs and pricing of grinding wheels |
4.3.2 Intense competition from alternative abrasive technologies impacting market share |
4.3.3 Stringent regulations and standards related to worker safety and environmental sustainability affecting manufacturing processes |
5 Grenada Grinding Wheels Market Trends |
6 Grenada Grinding Wheels Market Segmentations |
6.1 Grenada Grinding Wheels Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Grinding Wheels Market Revenues & Volume, By Straight, 2021-2031F |
6.1.3 Grenada Grinding Wheels Market Revenues & Volume, By Cylinder, 2021-2031F |
6.1.4 Grenada Grinding Wheels Market Revenues & Volume, By Tapered, 2021-2031F |
6.1.5 Grenada Grinding Wheels Market Revenues & Volume, By Recessed, 2021-2031F |
6.1.6 Grenada Grinding Wheels Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Grinding Wheels Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Grenada Grinding Wheels Market Revenues & Volume, By Natural Abrasives, 2021-2031F |
6.2.3 Grenada Grinding Wheels Market Revenues & Volume, By Artificial Abrasives, 2021-2031F |
6.3 Grenada Grinding Wheels Market, By Diameter |
6.3.1 Overview and Analysis |
6.3.2 Grenada Grinding Wheels Market Revenues & Volume, By 00 mm to 100 mm, 2021-2031F |
6.3.3 Grenada Grinding Wheels Market Revenues & Volume, By 100 mm to 1000 mm, 2021-2031F |
6.3.4 Grenada Grinding Wheels Market Revenues & Volume, By 1000 mm and above, 2021-2031F |
6.4 Grenada Grinding Wheels Market, By Applications |
6.4.1 Overview and Analysis |
6.4.2 Grenada Grinding Wheels Market Revenues & Volume, By Cutting, 2021-2031F |
6.4.3 Grenada Grinding Wheels Market Revenues & Volume, By Surface Treatment, 2021-2031F |
6.5 Grenada Grinding Wheels Market, By End-use |
6.5.1 Overview and Analysis |
6.5.2 Grenada Grinding Wheels Market Revenues & Volume, By Construction, 2021-2031F |
6.5.3 Grenada Grinding Wheels Market Revenues & Volume, By Aerospace, 2021-2031F |
6.5.4 Grenada Grinding Wheels Market Revenues & Volume, By Automotive, 2021-2031F |
6.5.5 Grenada Grinding Wheels Market Revenues & Volume, By Medical, 2021-2031F |
6.5.6 Grenada Grinding Wheels Market Revenues & Volume, By Commercial Appliances, 2021-2031F |
6.5.7 Grenada Grinding Wheels Market Revenues & Volume, By Others, 2021-2031F |
6.6 Grenada Grinding Wheels Market, By Price |
6.6.1 Overview and Analysis |
6.6.2 Grenada Grinding Wheels Market Revenues & Volume, By Low, 2021-2031F |
6.6.3 Grenada Grinding Wheels Market Revenues & Volume, By Medium, 2021-2031F |
6.6.4 Grenada Grinding Wheels Market Revenues & Volume, By High, 2021-2031F |
6.7 Grenada Grinding Wheels Market, By Distribution Channel |
6.7.1 Overview and Analysis |
6.7.2 Grenada Grinding Wheels Market Revenues & Volume, By Direct, 2021-2031F |
6.7.3 Grenada Grinding Wheels Market Revenues & Volume, By Indirect, 2021-2031F |
7 Grenada Grinding Wheels Market Import-Export Trade Statistics |
7.1 Grenada Grinding Wheels Market Export to Major Countries |
7.2 Grenada Grinding Wheels Market Imports from Major Countries |
8 Grenada Grinding Wheels Market Key Performance Indicators |
8.1 Average order value per customer |
8.2 Customer satisfaction score for product quality and performance |
8.3 Percentage of repeat customers |
8.4 Research and development investment in new grinding wheel technologies |
8.5 Percentage of market penetration in key industries using grinding wheels |
9 Grenada Grinding Wheels Market - Opportunity Assessment |
9.1 Grenada Grinding Wheels Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Grinding Wheels Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Grenada Grinding Wheels Market Opportunity Assessment, By Diameter, 2021 & 2031F |
9.4 Grenada Grinding Wheels Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.5 Grenada Grinding Wheels Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.6 Grenada Grinding Wheels Market Opportunity Assessment, By Price, 2021 & 2031F |
9.7 Grenada Grinding Wheels Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Grinding Wheels Market - Competitive Landscape |
10.1 Grenada Grinding Wheels Market Revenue Share, By Companies, 2024 |
10.2 Grenada Grinding Wheels 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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