| Product Code: ETC12934438 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Grenada experienced a significant increase in the concentration of materials handling equipment imports, with the top countries exporting being the USA, Trinidad and Tobago, Dominica, Japan, and China. The High Herfindahl-Hirschman Index (HHI) indicates a more concentrated market compared to the previous year, pointing towards potential challenges for market competition. With a remarkable Compound Annual Growth Rate (CAGR) of 64.53% from 2020 to 2024 and a growth rate of 11.77% from 2023 to 2024, Grenada`s materials handling equipment import sector shows promising expansion and demand for quality products in the coming years.
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 Materials Handling Equipment Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Materials Handling Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Materials Handling Equipment Market - Industry Life Cycle |
3.4 Grenada Materials Handling Equipment Market - Porter's Five Forces |
3.5 Grenada Materials Handling Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Materials Handling Equipment Market Revenues & Volume Share, By Mechanism Type, 2021 & 2031F |
3.7 Grenada Materials Handling Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Materials Handling Equipment Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Materials Handling Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the manufacturing sector in Grenada, leading to increased demand for materials handling equipment. |
4.2.2 Expansion of e-commerce and logistics industries in Grenada, driving the need for efficient handling equipment. |
4.2.3 Government initiatives and investments in infrastructure development, boosting the demand for materials handling equipment. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing materials handling equipment. |
4.3.2 Limited availability of skilled labor for operating and maintaining materials handling equipment in Grenada. |
5 Grenada Materials Handling Equipment Market Trends |
6 Grenada Materials Handling Equipment Market, By Types |
6.1 Grenada Materials Handling Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Materials Handling Equipment Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Materials Handling Equipment Market Revenues & Volume, By Conveyors, 2021 - 2031F |
6.1.4 Grenada Materials Handling Equipment Market Revenues & Volume, By Forklifts, 2021 - 2031F |
6.1.5 Grenada Materials Handling Equipment Market Revenues & Volume, By Cranes, 2021 - 2031F |
6.2 Grenada Materials Handling Equipment Market, By Mechanism Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Materials Handling Equipment Market Revenues & Volume, By Automated, 2021 - 2031F |
6.2.3 Grenada Materials Handling Equipment Market Revenues & Volume, By Manual, 2021 - 2031F |
6.2.4 Grenada Materials Handling Equipment Market Revenues & Volume, By Semi-Automated, 2021 - 2031F |
6.3 Grenada Materials Handling Equipment Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Materials Handling Equipment Market Revenues & Volume, By Warehousing & Logistics, 2021 - 2031F |
6.3.3 Grenada Materials Handling Equipment Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.3.4 Grenada Materials Handling Equipment Market Revenues & Volume, By Construction & Infrastructure, 2021 - 2031F |
6.4 Grenada Materials Handling Equipment Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Materials Handling Equipment Market Revenues & Volume, By Retail & E-commerce, 2021 - 2031F |
6.4.3 Grenada Materials Handling Equipment Market Revenues & Volume, By Automotive & Heavy Industry, 2021 - 2031F |
6.4.4 Grenada Materials Handling Equipment Market Revenues & Volume, By Real Estate & Construction, 2021 - 2031F |
7 Grenada Materials Handling Equipment Market Import-Export Trade Statistics |
7.1 Grenada Materials Handling Equipment Market Export to Major Countries |
7.2 Grenada Materials Handling Equipment Market Imports from Major Countries |
8 Grenada Materials Handling Equipment Market Key Performance Indicators |
8.1 Average equipment utilization rate, indicating the efficiency of materials handling equipment usage. |
8.2 Percentage of equipment downtime, reflecting the maintenance and reliability of materials handling equipment. |
8.3 Energy consumption per unit of output, highlighting the sustainability and operational efficiency of materials handling equipment. |
9 Grenada Materials Handling Equipment Market - Opportunity Assessment |
9.1 Grenada Materials Handling Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Materials Handling Equipment Market Opportunity Assessment, By Mechanism Type, 2021 & 2031F |
9.3 Grenada Materials Handling Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Materials Handling Equipment Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Materials Handling Equipment Market - Competitive Landscape |
10.1 Grenada Materials Handling Equipment Market Revenue Share, By Companies, 2024 |
10.2 Grenada Materials Handling Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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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