| 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 |
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.
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 |