| Product Code: ETC5400770 | 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 hoist import shipments in 2024 saw a significant increase in concentration, with the top countries exporting being USA, China, Guyana, Barbados, and Areas, nes. The high Herfindahl-Hirschman Index (HHI) in 2023 escalated to very high concentration in 2024, indicating a more consolidated market. The impressive Compound Annual Growth Rate (CAGR) of 13.23% from 2020-24 showcases steady growth, while the exceptional growth rate of 159.28% from 2023-24 highlights a rapid expansion in the hoist import sector. This data suggests a dynamic and competitive market landscape for hoist imports in Grenada.
In the North America region, the Hoist market in Grenada is projected to expand at a stable growth rate of 0.36% by 2027. The largest economy is United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

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 Hoist Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Hoist Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Hoist Market - Industry Life Cycle |
3.4 Grenada Hoist Market - Porter's Five Forces |
3.5 Grenada Hoist Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Hoist Market Revenues & Volume Share, By Operation, 2021 & 2031F |
3.7 Grenada Hoist Market Revenues & Volume Share, By Hoist Rope, 2021 & 2031F |
3.8 Grenada Hoist Market Revenues & Volume Share, By Capacity (LBS), 2021 & 2031F |
3.9 Grenada Hoist Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Grenada Hoist Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.11 Grenada Hoist Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Hoist Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in Grenada |
4.2.2 Growing demand for material handling equipment in industries |
4.2.3 Government investments in infrastructure development |
4.3 Market Restraints |
4.3.1 High initial investment cost for hoist equipment |
4.3.2 Limited awareness about the benefits of using hoists in Grenada |
5 Grenada Hoist Market Trends |
6 Grenada Hoist Market Segmentations |
6.1 Grenada Hoist Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Hoist Market Revenues & Volume, By Planetary Gear, 2021-2031F |
6.1.3 Grenada Hoist Market Revenues & Volume, By Worm Gear, 2021-2031F |
6.1.4 Grenada Hoist Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Hoist Market, By Operation |
6.2.1 Overview and Analysis |
6.2.2 Grenada Hoist Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.2.3 Grenada Hoist Market Revenues & Volume, By Electric, 2021-2031F |
6.2.4 Grenada Hoist Market Revenues & Volume, By Pneumatic, 2021-2031F |
6.2.5 Grenada Hoist Market Revenues & Volume, By Manual, 2021-2031F |
6.3 Grenada Hoist Market, By Hoist Rope |
6.3.1 Overview and Analysis |
6.3.2 Grenada Hoist Market Revenues & Volume, By Chain Hoist, 2021-2031F |
6.3.3 Grenada Hoist Market Revenues & Volume, By Wire or Rope Hoist, 2021-2031F |
6.4 Grenada Hoist Market, By Capacity (LBS) |
6.4.1 Overview and Analysis |
6.4.2 Grenada Hoist Market Revenues & Volume, By Up to 1000 lbs, 2021-2031F |
6.4.3 Grenada Hoist Market Revenues & Volume, By 1000 lbs to 2000 lbs, 2021-2031F |
6.4.4 Grenada Hoist Market Revenues & Volume, By 2000 lbs to 4000 lbs, 2021-2031F |
6.4.5 Grenada Hoist Market Revenues & Volume, By 4000 lbs to 6000 lbs, 2021-2031F |
6.4.6 Grenada Hoist Market Revenues & Volume, By 6000 lbs to 8000 lbs, 2021-2031F |
6.4.7 Grenada Hoist Market Revenues & Volume, By 8000 lbs to 10000 lbs, 2021-2031F |
6.4.8 Grenada Hoist Market Revenues & Volume, By 12000 lbs to 16000 lbs, 2021-2031F |
6.4.9 Grenada Hoist Market Revenues & Volume, By 12000 lbs to 16000 lbs, 2021-2031F |
6.5 Grenada Hoist Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Grenada Hoist Market Revenues & Volume, By Commercial Recovery, 2021-2031F |
6.5.3 Grenada Hoist Market Revenues & Volume, By Cranes, 2021-2031F |
6.5.4 Grenada Hoist Market Revenues & Volume, By Fixed Cranes, 2021-2031F |
6.5.5 Grenada Hoist Market Revenues & Volume, By Mobile Cranes, 2021-2031F |
6.5.6 Grenada Hoist Market Revenues & Volume, By Workboats, 2021-2031F |
6.5.7 Grenada Hoist Market Revenues & Volume, By Utility, 2021-2031F |
6.6 Grenada Hoist Market, By End-use |
6.6.1 Overview and Analysis |
6.6.2 Grenada Hoist Market Revenues & Volume, By Automotive & Railway, 2021-2031F |
6.6.3 Grenada Hoist Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.6.4 Grenada Hoist Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.6.5 Grenada Hoist Market Revenues & Volume, By Construction, 2021-2031F |
6.6.6 Grenada Hoist Market Revenues & Volume, By Shipping & Marine, 2021-2031F |
6.6.7 Grenada Hoist Market Revenues & Volume, By Material Handling, 2021-2031F |
6.6.8 Grenada Hoist Market Revenues & Volume, By Mining, 2021-2031F |
6.6.9 Grenada Hoist Market Revenues & Volume, By Mining, 2021-2031F |
6.7 Grenada Hoist Market, By Distribution Channel |
6.7.1 Overview and Analysis |
6.7.2 Grenada Hoist Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.7.3 Grenada Hoist Market Revenues & Volume, By Indirect Sales, 2021-2031F |
7 Grenada Hoist Market Import-Export Trade Statistics |
7.1 Grenada Hoist Market Export to Major Countries |
7.2 Grenada Hoist Market Imports from Major Countries |
8 Grenada Hoist Market Key Performance Indicators |
8.1 Average utilization rate of hoist equipment |
8.2 Number of new construction projects using hoists |
8.3 Rate of adoption of hoist equipment in different industries |
9 Grenada Hoist Market - Opportunity Assessment |
9.1 Grenada Hoist Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Hoist Market Opportunity Assessment, By Operation, 2021 & 2031F |
9.3 Grenada Hoist Market Opportunity Assessment, By Hoist Rope, 2021 & 2031F |
9.4 Grenada Hoist Market Opportunity Assessment, By Capacity (LBS), 2021 & 2031F |
9.5 Grenada Hoist Market Opportunity Assessment, By Application, 2021 & 2031F |
9.6 Grenada Hoist Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.7 Grenada Hoist Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Hoist Market - Competitive Landscape |
10.1 Grenada Hoist Market Revenue Share, By Companies, 2024 |
10.2 Grenada Hoist 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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