| Product Code: ETC5405425 | 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 |
In 2024, Grenada saw a notable surge in lifebuoy ring imports, with top exporting countries being the USA, UAE, Trinidad and Tobago, China, and the UK. The market exhibited high concentration with a high Herfindahl-Hirschman Index (HHI). The industry experienced strong growth with a Compound Annual Growth Rate (CAGR) of 12.75% from 2020 to 2024. Additionally, the growth rate in 2024 compared to the previous year was 1.09%, indicating a steady upward trajectory in demand for life-saving 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 Lifebuoy Rings Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Lifebuoy Rings Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Lifebuoy Rings Market - Industry Life Cycle |
3.4 Grenada Lifebuoy Rings Market - Porter's Five Forces |
3.5 Grenada Lifebuoy Rings Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Lifebuoy Rings Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
4 Grenada Lifebuoy Rings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on safety measures in water-related activities |
4.2.2 Growth in marine tourism and water sports industry in Grenada |
4.2.3 Government regulations mandating safety equipment on boats and water vessels |
4.3 Market Restraints |
4.3.1 Seasonal demand fluctuations due to varying weather conditions |
4.3.2 High manufacturing costs of lifebuoy rings impacting pricing and affordability |
4.3.3 Competition from alternative safety devices in the market |
5 Grenada Lifebuoy Rings Market Trends |
6 Grenada Lifebuoy Rings Market Segmentations |
6.1 Grenada Lifebuoy Rings Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Lifebuoy Rings Market Revenues & Volume, By Inherently Buoyant, 2021-2031F | 6.1.4 Grenada Lifebuoy Rings Market Revenues & Volume, By Inflatable, 2021-2031F |
6.2 Grenada Lifebuoy Rings Market, By Raw Material |
6.2.1 Overview and Analysis |
6.2.2 Grenada Lifebuoy Rings Market Revenues & Volume, By Nylon, 2021-2031F |
6.2.3 Grenada Lifebuoy Rings Market Revenues & Volume, By Foam, 2021-2031F |
6.2.4 Grenada Lifebuoy Rings Market Revenues & Volume, By Plastic, 2021-2031F |
7 Grenada Lifebuoy Rings Market Import-Export Trade Statistics |
7.1 Grenada Lifebuoy Rings Market Export to Major Countries |
7.2 Grenada Lifebuoy Rings Market Imports from Major Countries |
8 Grenada Lifebuoy Rings Market Key Performance Indicators |
8.1 Number of marine accidents reported in Grenada |
8.2 Tourism growth rate in Grenada |
8.3 Number of registered boats and water vessels in Grenada |
8.4 Compliance rate with safety regulations for water activities |
8.5 Customer satisfaction and feedback on the quality and effectiveness of lifebuoy rings |
9 Grenada Lifebuoy Rings Market - Opportunity Assessment |
9.1 Grenada Lifebuoy Rings Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Lifebuoy Rings Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
10 Grenada Lifebuoy Rings Market - Competitive Landscape |
10.1 Grenada Lifebuoy Rings Market Revenue Share, By Companies, 2024 |
10.2 Grenada Lifebuoy Rings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |