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

Market Forecast By Product Type (Traditional Type, Modern Electronic Type, Others), By Applications (Sailing, Shipping, Others) And Competitive Landscape
Product Code: ETC5829144 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 Marine Chronometers Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Grenada continued to witness significant imports of marine chronometers, with top exporting countries being the USA, Areas (not elsewhere specified), Barbados, China, and Canada. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). Despite a modest Compound Annual Growth Rate (CAGR) of 2.03% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024 at -40.06%. This suggests potential shifts in market dynamics or challenges faced by importers in the marine chronometers sector.

Key Highlights of the Report:

  • Grenada Marine Chronometers Market Outlook
  • Market Size of Grenada Marine Chronometers Market, 2024
  • Forecast of Grenada Marine Chronometers Market, 2031
  • Historical Data and Forecast of Grenada Marine Chronometers Revenues & Volume for the Period 2021-2031
  • Grenada Marine Chronometers Market Trend Evolution
  • Grenada Marine Chronometers Market Drivers and Challenges
  • Grenada Marine Chronometers Price Trends
  • Grenada Marine Chronometers Porter`s Five Forces
  • Grenada Marine Chronometers Industry Life Cycle
  • Historical Data and Forecast of Grenada Marine Chronometers Market Revenues & Volume By Product Type for the Period 2021-2031
  • Historical Data and Forecast of Grenada Marine Chronometers Market Revenues & Volume By Traditional Type for the Period 2021-2031
  • Historical Data and Forecast of Grenada Marine Chronometers Market Revenues & Volume By Modern Electronic Type for the Period 2021-2031
  • Historical Data and Forecast of Grenada Marine Chronometers Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of Grenada Marine Chronometers Market Revenues & Volume By Applications for the Period 2021-2031
  • Historical Data and Forecast of Grenada Marine Chronometers Market Revenues & Volume By Sailing for the Period 2021-2031
  • Historical Data and Forecast of Grenada Marine Chronometers Market Revenues & Volume By Shipping for the Period 2021-2031
  • Historical Data and Forecast of Grenada Marine Chronometers Market Revenues & Volume By Others for the Period 2021-2031
  • Grenada Marine Chronometers Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Applications
  • Grenada Marine Chronometers Top Companies Market Share
  • Grenada Marine Chronometers Competitive Benchmarking By Technical and Operational Parameters
  • Grenada Marine Chronometers Company Profiles
  • Grenada Marine Chronometers Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Marine Chronometers Market Overview

3.1 Grenada Country Macro Economic Indicators

3.2 Grenada Marine Chronometers Market Revenues & Volume, 2021 & 2031F

3.3 Grenada Marine Chronometers Market - Industry Life Cycle

3.4 Grenada Marine Chronometers Market - Porter's Five Forces

3.5 Grenada Marine Chronometers Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.6 Grenada Marine Chronometers Market Revenues & Volume Share, By Applications, 2021 & 2031F

4 Grenada Marine Chronometers Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for high-precision timekeeping devices in marine navigation

4.2.2 Growing adoption of marine chronometers for historical and luxury purposes

4.2.3 Technological advancements leading to improved accuracy and functionality of marine chronometers

4.3 Market Restraints

4.3.1 High production costs associated with manufacturing marine chronometers

4.3.2 Limited awareness and understanding of the benefits of using marine chronometers

4.3.3 Competition from alternative timekeeping technologies in the marine industry

5 Grenada Marine Chronometers Market Trends

6 Grenada Marine Chronometers Market Segmentations

6.1 Grenada Marine Chronometers Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Grenada Marine Chronometers Market Revenues & Volume, By Traditional Type, 2021-2031F

6.1.3 Grenada Marine Chronometers Market Revenues & Volume, By Modern Electronic Type, 2021-2031F

6.1.4 Grenada Marine Chronometers Market Revenues & Volume, By Others, 2021-2031F

6.2 Grenada Marine Chronometers Market, By Applications

6.2.1 Overview and Analysis

6.2.2 Grenada Marine Chronometers Market Revenues & Volume, By Sailing, 2021-2031F

6.2.3 Grenada Marine Chronometers Market Revenues & Volume, By Shipping, 2021-2031F

6.2.4 Grenada Marine Chronometers Market Revenues & Volume, By Others, 2021-2031F

7 Grenada Marine Chronometers Market Import-Export Trade Statistics

7.1 Grenada Marine Chronometers Market Export to Major Countries

7.2 Grenada Marine Chronometers Market Imports from Major Countries

8 Grenada Marine Chronometers Market Key Performance Indicators

8.1 Average repair and maintenance time for marine chronometers

8.2 Percentage of accuracy improvement in new marine chronometer models

8.3 Number of partnerships or collaborations with marine navigation companies for integrating chronometers

8.4 Rate of adoption of marine chronometers in luxury yacht and cruise ship segments

8.5 Customer satisfaction ratings for the performance and reliability of marine chronometers

9 Grenada Marine Chronometers Market - Opportunity Assessment

9.1 Grenada Marine Chronometers Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.2 Grenada Marine Chronometers Market Opportunity Assessment, By Applications, 2021 & 2031F

10 Grenada Marine Chronometers Market - Competitive Landscape

10.1 Grenada Marine Chronometers Market Revenue Share, By Companies, 2024

10.2 Grenada Marine Chronometers Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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