Grenada Magnet Market (2025-2031) | Forecast, Growth, Industry, Size & Revenue, Companies, Analysis, Trends, Value, Competitive Landscape, Outlook, Share, Segmentation

Market Forecast By Magnet Type (Ferrite, Neodymium Iron Boron (NdFeB), Aluminium Nickel Cobalt (AlNiCo), Samarium Cobalt (SmCo)), By Application (Computer Hard Disk Drives (HDD), CD, DVD, Hybrid Electric Vehicles, Electric Bicycles, Heating, Ventilating and Air Conditioners (HVAC), Wind Turbines) And Competitive Landscape
Product Code: ETC7374103 Publication Date: Sep 2024 Updated Date: Oct 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Dhaval Chaurasia No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Grenada Magnet Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Grenada`s magnet import market in 2024 continued to be dominated by key exporting countries including the USA, Trinidad and Tobago, China, UK, and Panama. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced significant growth with a remarkable compound annual growth rate (CAGR) of 42.79% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -23.4%, suggesting a potential shift or temporary slowdown in the market dynamics.

Key Highlights of the Report:

  • Grenada Magnet Market Outlook
  • Market Size of Grenada Magnet Market, 2024
  • Forecast of Grenada Magnet Market, 2031
  • Historical Data and Forecast of Grenada Magnet Revenues & Volume for the Period 2021- 2031
  • Grenada Magnet Market Trend Evolution
  • Grenada Magnet Market Drivers and Challenges
  • Grenada Magnet Price Trends
  • Grenada Magnet Porter's Five Forces
  • Grenada Magnet Industry Life Cycle
  • Historical Data and Forecast of Grenada Magnet Market Revenues & Volume By Magnet Type for the Period 2021- 2031
  • Historical Data and Forecast of Grenada Magnet Market Revenues & Volume By Ferrite for the Period 2021- 2031
  • Historical Data and Forecast of Grenada Magnet Market Revenues & Volume By Neodymium Iron Boron (NdFeB) for the Period 2021- 2031
  • Historical Data and Forecast of Grenada Magnet Market Revenues & Volume By Aluminium Nickel Cobalt (AlNiCo) for the Period 2021- 2031
  • Historical Data and Forecast of Grenada Magnet Market Revenues & Volume By Samarium Cobalt (SmCo) for the Period 2021- 2031
  • Historical Data and Forecast of Grenada Magnet Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Grenada Magnet Market Revenues & Volume By Computer Hard Disk Drives (HDD), CD, DVD for the Period 2021- 2031
  • Historical Data and Forecast of Grenada Magnet Market Revenues & Volume By Hybrid Electric Vehicles for the Period 2021- 2031
  • Historical Data and Forecast of Grenada Magnet Market Revenues & Volume By Electric Bicycles for the Period 2021- 2031
  • Historical Data and Forecast of Grenada Magnet Market Revenues & Volume By Heating, Ventilating and Air Conditioners (HVAC) for the Period 2021- 2031
  • Historical Data and Forecast of Grenada Magnet Market Revenues & Volume By Wind Turbines for the Period 2021- 2031
  • Grenada Magnet Import Export Trade Statistics
  • Market Opportunity Assessment By Magnet Type
  • Market Opportunity Assessment By Application
  • Grenada Magnet Top Companies Market Share
  • Grenada Magnet Competitive Benchmarking By Technical and Operational Parameters
  • Grenada Magnet Company Profiles
  • Grenada Magnet Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Grenada Magnet Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Grenada Magnet Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

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 Magnet Market Overview

3.1 Grenada Country Macro Economic Indicators

3.2 Grenada Magnet Market Revenues & Volume, 2021 & 2031F

3.3 Grenada Magnet Market - Industry Life Cycle

3.4 Grenada Magnet Market - Porter's Five Forces

3.5 Grenada Magnet Market Revenues & Volume Share, By Magnet Type, 2021 & 2031F

3.6 Grenada Magnet Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Grenada Magnet Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growing demand for eco-friendly and sustainable products

4.2.2 Increasing awareness about the benefits of using magnets in various industries

4.2.3 Technological advancements leading to innovative magnet applications

4.3 Market Restraints

4.3.1 Fluctuating raw material prices impacting production costs

4.3.2 Intense competition from substitute products like adhesive tapes and Velcro

4.3.3 Stringent regulations related to the use of certain magnet materials

5 Grenada Magnet Market Trends

6 Grenada Magnet Market, By Types

6.1 Grenada Magnet Market, By Magnet Type

6.1.1 Overview and Analysis

6.1.2 Grenada Magnet Market Revenues & Volume, By Magnet Type, 2021- 2031F

6.1.3 Grenada Magnet Market Revenues & Volume, By Ferrite, 2021- 2031F

6.1.4 Grenada Magnet Market Revenues & Volume, By Neodymium Iron Boron (NdFeB), 2021- 2031F

6.1.5 Grenada Magnet Market Revenues & Volume, By Aluminium Nickel Cobalt (AlNiCo), 2021- 2031F

6.1.6 Grenada Magnet Market Revenues & Volume, By Samarium Cobalt (SmCo), 2021- 2031F

6.2 Grenada Magnet Market, By Application

6.2.1 Overview and Analysis

6.2.2 Grenada Magnet Market Revenues & Volume, By Computer Hard Disk Drives (HDD), CD, DVD, 2021- 2031F

6.2.3 Grenada Magnet Market Revenues & Volume, By Hybrid Electric Vehicles, 2021- 2031F

6.2.4 Grenada Magnet Market Revenues & Volume, By Electric Bicycles, 2021- 2031F

6.2.5 Grenada Magnet Market Revenues & Volume, By Heating, Ventilating and Air Conditioners (HVAC), 2021- 2031F

6.2.6 Grenada Magnet Market Revenues & Volume, By Wind Turbines, 2021- 2031F

7 Grenada Magnet Market Import-Export Trade Statistics

7.1 Grenada Magnet Market Export to Major Countries

7.2 Grenada Magnet Market Imports from Major Countries

8 Grenada Magnet Market Key Performance Indicators

8.1 Research and development investment in magnet technology

8.2 Adoption rate of magnets in new industries or applications

8.3 Customer satisfaction and retention rates for magnet suppliers

9 Grenada Magnet Market - Opportunity Assessment

9.1 Grenada Magnet Market Opportunity Assessment, By Magnet Type, 2021 & 2031F

9.2 Grenada Magnet Market Opportunity Assessment, By Application, 2021 & 2031F

10 Grenada Magnet Market - Competitive Landscape

10.1 Grenada Magnet Market Revenue Share, By Companies, 2024

10.2 Grenada Magnet Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Export potential assessment - trade Analytics for 2030

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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