| Product Code: ETC5191295 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The industrial lifting equipment import shipments to Grenada in 2024 saw a significant increase in concentration, with the top exporting countries being USA, Trinidad and Tobago, Panama, China, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a more concentrated market structure. The impressive Compound Annual Growth Rate (CAGR) of 15.39% from 2020 to 2024 highlights a robust upward trend in the industry. Moreover, the remarkable growth rate of 147.53% from 2023 to 2024 suggests a rapid acceleration in import shipments, showcasing a thriving market for industrial lifting equipment in Grenada.
The industrial lifting equipment market in Grenada is expanding due to the increasing demand for efficient handling of heavy loads in construction, manufacturing, and logistics industries. Lifting equipment such as cranes, hoists, and forklifts are essential in facilitating the safe and efficient movement of materials, contributing to the market`s growth.
The industrial lifting equipment market is driven by the increasing need for automation and heavy lifting solutions in manufacturing, construction, and logistics. The market also benefits from innovations in lifting technologies and a growing focus on worker safety and efficiency.
The industrial lifting equipment market in Grenada is challenged by high initial investment costs, making it difficult for smaller businesses to afford advanced lifting solutions. Additionally, the lack of a robust local market for equipment maintenance and service providers limits the accessibility of these products. Moreover, safety concerns and the potential for workplace accidents further complicate the adoption of lifting technologies in industries such as construction and manufacturing.
The industrial lifting equipment market in Grenada is influenced by government policies that ensure the safety and efficiency of lifting operations. Regulations require businesses to use certified equipment and adhere to strict safety standards. The government provides incentives for companies investing in modern lifting technologies that improve safety and reduce energy consumption.
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 Industrial Lifting Equipment Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Industrial Lifting Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Industrial Lifting Equipment Market - Industry Life Cycle |
3.4 Grenada Industrial Lifting Equipment Market - Porter's Five Forces |
3.5 Grenada Industrial Lifting Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Industrial Lifting Equipment Market Revenues & Volume Share, By Mechanism Involved, 2021 & 2031F |
3.7 Grenada Industrial Lifting Equipment Market Revenues & Volume Share, By Nature Of Installation, 2021 & 2031F |
3.8 Grenada Industrial Lifting Equipment Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
4 Grenada Industrial Lifting Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Industrial Lifting Equipment Market Trends |
6 Grenada Industrial Lifting Equipment Market Segmentations |
6.1 Grenada Industrial Lifting Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Lifts, 2021-2031F |
6.1.3 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Fork Lifts, 2021-2031F |
6.1.4 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Hoists, 2021-2031F |
6.1.5 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Stackers, 2021-2031F |
6.1.6 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Pallet Trucks, 2021-2031F |
6.1.7 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Robotic Arms, 2021-2031F |
6.2 Grenada Industrial Lifting Equipment Market, By Mechanism Involved |
6.2.1 Overview and Analysis |
6.2.2 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.2.3 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Pneumatic, 2021-2031F |
6.2.4 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Electrical, 2021-2031F |
6.2.5 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Magnetic, 2021-2031F |
6.2.6 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Scissor Lifts , 2021-2031F |
6.3 Grenada Industrial Lifting Equipment Market, By Nature Of Installation |
6.3.1 Overview and Analysis |
6.3.2 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Overhead, 2021-2031F |
6.3.3 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Fulcrum, 2021-2031F |
6.3.4 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Vehicle Mounted, 2021-2031F |
6.4 Grenada Industrial Lifting Equipment Market, By Application Area |
6.4.1 Overview and Analysis |
6.4.2 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Manufacturing Industry, 2021-2031F |
6.4.3 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Process Industry, 2021-2031F |
6.4.4 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Shipping Dockyards, 2021-2031F |
6.4.5 Grenada Industrial Lifting Equipment Market Revenues & Volume, By Warehouses, 2021-2031F |
7 Grenada Industrial Lifting Equipment Market Import-Export Trade Statistics |
7.1 Grenada Industrial Lifting Equipment Market Export to Major Countries |
7.2 Grenada Industrial Lifting Equipment Market Imports from Major Countries |
8 Grenada Industrial Lifting Equipment Market Key Performance Indicators |
9 Grenada Industrial Lifting Equipment Market - Opportunity Assessment |
9.1 Grenada Industrial Lifting Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Industrial Lifting Equipment Market Opportunity Assessment, By Mechanism Involved, 2021 & 2031F |
9.3 Grenada Industrial Lifting Equipment Market Opportunity Assessment, By Nature Of Installation, 2021 & 2031F |
9.4 Grenada Industrial Lifting Equipment Market Opportunity Assessment, By Application Area, 2021 & 2031F |
10 Grenada Industrial Lifting Equipment Market - Competitive Landscape |
10.1 Grenada Industrial Lifting Equipment Market Revenue Share, By Companies, 2024 |
10.2 Grenada Industrial Lifting Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |