| Product Code: ETC7375141 | 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 |
In 2024, Grenada continued to import modular construction products primarily from China, USA, Panama, Trinidad and Tobago, and Canada. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -14.31% from 2020 to 2024. The negative growth trend intensified in 2024 with a steep decline of -78.23%. The market dynamics suggest a challenging environment for modular construction imports in Grenada, warranting a closer examination of factors driving this downward trend.
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 Modular Construction Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Modular Construction Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Modular Construction Market - Industry Life Cycle |
3.4 Grenada Modular Construction Market - Porter's Five Forces |
3.5 Grenada Modular Construction Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Modular Construction Market Revenues & Volume Share, By Structure, 2021 & 2031F |
3.7 Grenada Modular Construction Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.8 Grenada Modular Construction Market Revenues & Volume Share, By Building Sector, 2021 & 2031F |
3.9 Grenada Modular Construction Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Modular Construction Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for affordable housing solutions in Grenada |
4.2.2 Growing awareness of the benefits of modular construction in terms of speed and cost-efficiency |
4.2.3 Government initiatives promoting sustainable and efficient construction practices |
4.3 Market Restraints |
4.3.1 Limited availability of skilled labor in Grenada for modular construction projects |
4.3.2 Challenges related to transportation and logistics of modular construction components |
5 Grenada Modular Construction Market Trends |
6 Grenada Modular Construction Market, By Types |
6.1 Grenada Modular Construction Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Modular Construction Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Modular Construction Market Revenues & Volume, By Permanent, 2021- 2031F |
6.1.4 Grenada Modular Construction Market Revenues & Volume, By Relocatable, 2021- 2031F |
6.2 Grenada Modular Construction Market, By Structure |
6.2.1 Overview and Analysis |
6.2.2 Grenada Modular Construction Market Revenues & Volume, By Walls, 2021- 2031F |
6.2.3 Grenada Modular Construction Market Revenues & Volume, By Floors, 2021- 2031F |
6.2.4 Grenada Modular Construction Market Revenues & Volume, By Frames, 2021- 2031F |
6.2.5 Grenada Modular Construction Market Revenues & Volume, By Ceilings & Roofs, 2021- 2031F |
6.2.6 Grenada Modular Construction Market Revenues & Volume, By Door & Windows, 2021- 2031F |
6.2.7 Grenada Modular Construction Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Grenada Modular Construction Market, By Material |
6.3.1 Overview and Analysis |
6.3.2 Grenada Modular Construction Market Revenues & Volume, By OSB, 2021- 2031F |
6.3.3 Grenada Modular Construction Market Revenues & Volume, By Plasterboard, 2021- 2031F |
6.3.4 Grenada Modular Construction Market Revenues & Volume, By Fiber Cement, 2021- 2031F |
6.3.5 Grenada Modular Construction Market Revenues & Volume, By Asbestos Fiber, 2021- 2031F |
6.3.6 Grenada Modular Construction Market Revenues & Volume, By Timber, 2021- 2031F |
6.3.7 Grenada Modular Construction Market Revenues & Volume, By Steel, 2021- 2031F |
6.4 Grenada Modular Construction Market, By Building Sector |
6.4.1 Overview and Analysis |
6.4.2 Grenada Modular Construction Market Revenues & Volume, By Residential, 2021- 2031F |
6.4.3 Grenada Modular Construction Market Revenues & Volume, By Industrial, 2021- 2031F |
6.4.4 Grenada Modular Construction Market Revenues & Volume, By Commercial, 2021- 2031F |
6.4.5 Grenada Modular Construction Market Revenues & Volume, By Offices, 2021- 2031F |
6.4.6 Grenada Modular Construction Market Revenues & Volume, By Education Institutes, 2021- 2031F |
6.4.7 Grenada Modular Construction Market Revenues & Volume, By Healthcare centers, 2021- 2031F |
6.4.8 Grenada Modular Construction Market Revenues & Volume, By Others, 2021- 2031F |
6.4.9 Grenada Modular Construction Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Grenada Modular Construction Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Grenada Modular Construction Market Revenues & Volume, By Direct, 2021- 2031F |
6.5.3 Grenada Modular Construction Market Revenues & Volume, By Indirect, 2021- 2031F |
7 Grenada Modular Construction Market Import-Export Trade Statistics |
7.1 Grenada Modular Construction Market Export to Major Countries |
7.2 Grenada Modular Construction Market Imports from Major Countries |
8 Grenada Modular Construction Market Key Performance Indicators |
8.1 Average construction time for modular projects in Grenada |
8.2 Percentage of construction projects in Grenada utilizing modular construction methods |
8.3 Number of partnerships between modular construction companies and local stakeholders in Grenada |
8.4 Rate of adoption of sustainable building practices in the Grenada construction industry |
9 Grenada Modular Construction Market - Opportunity Assessment |
9.1 Grenada Modular Construction Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Modular Construction Market Opportunity Assessment, By Structure, 2021 & 2031F |
9.3 Grenada Modular Construction Market Opportunity Assessment, By Material, 2021 & 2031F |
9.4 Grenada Modular Construction Market Opportunity Assessment, By Building Sector, 2021 & 2031F |
9.5 Grenada Modular Construction Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Modular Construction Market - Competitive Landscape |
10.1 Grenada Modular Construction Market Revenue Share, By Companies, 2024 |
10.2 Grenada Modular Construction 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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