| Product Code: ETC5399174 | 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 |
The Grenada hearth import market in 2024 continued to see a high level of concentration, with the top exporting countries being the USA, Panama, UK, Germany, and Italy. Despite a slight decline in growth rate from 2023 to 2024, the market still maintained a solid Compound Annual Growth Rate (CAGR) of 6.55% over the period of 2020-2024. This data suggests a stable and established market for hearth imports in Grenada, with key players from various countries contributing to its growth and development.
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 Hearth Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Hearth Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Hearth Market - Industry Life Cycle |
3.4 Grenada Hearth Market - Porter's Five Forces |
3.5 Grenada Hearth Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Hearth Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 Grenada Hearth Market Revenues & Volume Share, By Placement, 2021 & 2031F |
3.8 Grenada Hearth Market Revenues & Volume Share, By Design, 2021 & 2031F |
3.9 Grenada Hearth Market Revenues & Volume Share, By Ignition Type, 2021 & 2031F |
3.10 Grenada Hearth Market Revenues & Volume Share, By Vent Availability, 2021 & 2031F |
3.11 Grenada Hearth Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Hearth Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the benefits of using hearths for heating purposes |
4.2.2 Growing demand for energy-efficient and eco-friendly heating solutions |
4.2.3 Rising disposable income levels leading to higher spending on home improvement and renovation projects |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting the overall cost of hearth products |
4.3.2 Stringent government regulations related to emissions and energy efficiency standards |
4.3.3 Competition from alternative heating solutions such as electric heaters or HVAC systems |
5 Grenada Hearth Market Trends |
6 Grenada Hearth Market Segmentations |
6.1 Grenada Hearth Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Hearth Market Revenues & Volume, By Fireplaces, 2021-2031F |
6.1.3 Grenada Hearth Market Revenues & Volume, By Stoves, 2021-2031F |
6.1.4 Grenada Hearth Market Revenues & Volume, By Inserts, 2021-2031F |
6.2 Grenada Hearth Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Hearth Market Revenues & Volume, By Introduction, 2021-2031F |
6.2.3 Grenada Hearth Market Revenues & Volume, By Wood, 2021-2031F |
6.2.4 Grenada Hearth Market Revenues & Volume, By Gas, 2021-2031F |
6.2.5 Grenada Hearth Market Revenues & Volume, By Electricity, 2021-2031F |
6.2.6 Grenada Hearth Market Revenues & Volume, By Pellet, 2021-2031F |
6.3 Grenada Hearth Market, By Placement |
6.3.1 Overview and Analysis |
6.3.2 Grenada Hearth Market Revenues & Volume, By Introduction, 2021-2031F |
6.3.3 Grenada Hearth Market Revenues & Volume, By Indoor Hearth, 2021-2031F |
6.3.4 Grenada Hearth Market Revenues & Volume, By Outdoor Hearth, 2021-2031F | 6.3.5 Grenada Hearth Market Revenues & Volume, By Portable Hearth, 2021-2031F |
6.4 Grenada Hearth Market, By Design |
6.4.1 Overview and Analysis |
6.4.2 Grenada Hearth Market Revenues & Volume, By Introduction, 2021-2031F |
6.4.3 Grenada Hearth Market Revenues & Volume, By Traditional Hearth, 2021-2031F |
6.4.4 Grenada Hearth Market Revenues & Volume, By Modern Hearth, 2021-2031F |
6.4.5 Grenada Hearth Market Revenues & Volume, By Sensor, 2021-2031F |
6.4.6 Grenada Hearth Market Revenues & Volume, By Burner, 2021-2031F |
6.4.7 Grenada Hearth Market Revenues & Volume, By Remote Control System, 2021-2031F |
6.4.8 Grenada Hearth Market Revenues & Volume, By Other Components, 2021-2031F |
6.4.9 Grenada Hearth Market Revenues & Volume, By Other Components, 2021-2031F |
6.5 Grenada Hearth Market, By Ignition Type |
6.5.1 Overview and Analysis |
6.5.2 Grenada Hearth Market Revenues & Volume, By Introduction, 2021-2031F |
6.5.3 Grenada Hearth Market Revenues & Volume, By Electronic Ignition, 2021-2031F |
6.5.4 Grenada Hearth Market Revenues & Volume, By Intermittent Pilot Ignition (IPI), 2021-2031F |
6.5.5 Grenada Hearth Market Revenues & Volume, By Hot Surface Ignition, 2021-2031F |
6.5.6 Grenada Hearth Market Revenues & Volume, By Standing Pilot Ignition, 2021-2031F |
6.6 Grenada Hearth Market, By Vent Availability |
6.6.1 Overview and Analysis |
6.6.2 Grenada Hearth Market Revenues & Volume, By Introduction, 2021-2031F |
6.6.3 Grenada Hearth Market Revenues & Volume, By Vented Hearth, 2021-2031F |
6.6.4 Grenada Hearth Market Revenues & Volume, By Unvented Hearth, 2021-2031F |
6.7 Grenada Hearth Market, By Application |
6.7.1 Overview and Analysis |
6.7.2 Grenada Hearth Market Revenues & Volume, By Introduction, 2021-2031F |
6.7.3 Grenada Hearth Market Revenues & Volume, By Residential, 2021-2031F |
6.7.4 Grenada Hearth Market Revenues & Volume, By Hospitality, 2021-2031F |
6.7.5 Grenada Hearth Market Revenues & Volume, By Hospitality, 2021-2031F |
6.7.6 Grenada Hearth Market Revenues & Volume, By Institutional, 2021-2031F |
6.8 Grenada Hearth Market, By Type of Material |
6.8.1 Overview and Analysis |
6.8.2 Grenada Hearth Market Revenues & Volume, By Introduction, 2021-2031F |
6.8.3 Grenada Hearth Market Revenues & Volume, By Brick, 2021-2031F |
6.8.4 Grenada Hearth Market Revenues & Volume, By Marble, 2021-2031F |
6.8.5 Grenada Hearth Market Revenues & Volume, By Marble, 2021-2031F |
6.8.6 Grenada Hearth Market Revenues & Volume, By Stone, 2021-2031F |
6.8.7 Grenada Hearth Market Revenues & Volume, By Slate, 2021-2031F |
7 Grenada Hearth Market Import-Export Trade Statistics |
7.1 Grenada Hearth Market Export to Major Countries |
7.2 Grenada Hearth Market Imports from Major Countries |
8 Grenada Hearth Market Key Performance Indicators |
8.1 Average annual growth rate of energy-efficient hearth product sales |
8.2 Number of new product innovations or technological advancements in the grenada hearth market |
8.3 Customer satisfaction levels with grenada hearth products and services |
9 Grenada Hearth Market - Opportunity Assessment |
9.1 Grenada Hearth Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Hearth Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 Grenada Hearth Market Opportunity Assessment, By Placement, 2021 & 2031F |
9.4 Grenada Hearth Market Opportunity Assessment, By Design, 2021 & 2031F |
9.5 Grenada Hearth Market Opportunity Assessment, By Ignition Type, 2021 & 2031F |
9.6 Grenada Hearth Market Opportunity Assessment, By Vent Availability, 2021 & 2031F |
9.7 Grenada Hearth Market Opportunity Assessment, By Application, 2021 & 2031F |
9.7 Grenada Hearth Market Opportunity Assessment, By Type of Material, 2021 & 2031F |
10 Grenada Hearth Market - Competitive Landscape |
10.1 Grenada Hearth Market Revenue Share, By Companies, 2024 |
10.2 Grenada Hearth 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