| Product Code: ETC7374323 | 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`s mechanical security products import market continued to be dominated by key players in 2024, with the top exporting countries being the USA, Canada, Trinidad and Tobago, China, and Hong Kong. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The industry saw steady growth with a compound annual growth rate (CAGR) of 5.64% from 2020 to 2024. Although the growth rate slightly slowed to 0.53% from 2023 to 2024, the overall trend suggests a positive outlook for the mechanical security products sector 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 Mechanical Security Products Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Mechanical Security Products Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Mechanical Security Products Market - Industry Life Cycle |
3.4 Grenada Mechanical Security Products Market - Porter's Five Forces |
3.5 Grenada Mechanical Security Products Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Mechanical Security Products Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Mechanical Security Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Mechanical Security Products Market Trends |
6 Grenada Mechanical Security Products Market, By Types |
6.1 Grenada Mechanical Security Products Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Mechanical Security Products Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Mechanical Security Products Market Revenues & Volume, By Locks, 2021- 2031F |
6.1.4 Grenada Mechanical Security Products Market Revenues & Volume, By Security Storage Equipment, 2021- 2031F |
6.1.5 Grenada Mechanical Security Products Market Revenues & Volume, By Door Security Hardware, 2021- 2031F |
6.1.6 Grenada Mechanical Security Products Market Revenues & Volume, By Key Blanks, 2021- 2031F |
6.2 Grenada Mechanical Security Products Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Mechanical Security Products Market Revenues & Volume, By Consumer, 2021- 2031F |
6.2.3 Grenada Mechanical Security Products Market Revenues & Volume, By Government and Institutional, 2021- 2031F |
6.2.4 Grenada Mechanical Security Products Market Revenues & Volume, By Equipment, 2021- 2031F |
6.2.5 Grenada Mechanical Security Products Market Revenues & Volume, By Services, 2021- 2031F |
7 Grenada Mechanical Security Products Market Import-Export Trade Statistics |
7.1 Grenada Mechanical Security Products Market Export to Major Countries |
7.2 Grenada Mechanical Security Products Market Imports from Major Countries |
8 Grenada Mechanical Security Products Market Key Performance Indicators |
9 Grenada Mechanical Security Products Market - Opportunity Assessment |
9.1 Grenada Mechanical Security Products Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Mechanical Security Products Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Mechanical Security Products Market - Competitive Landscape |
10.1 Grenada Mechanical Security Products Market Revenue Share, By Companies, 2024 |
10.2 Grenada Mechanical Security Products 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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