| Product Code: ETC4965195 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Grenada modular kitchen import market saw a significant increase in concentration levels in 2024, with the top exporting countries being the USA, China, UK, Indonesia, and Trinidad and Tobago. Despite a high Herfindahl-Hirschman Index (HHI) in 2023, concentration further intensified in 2024. The compound annual growth rate (CAGR) between 2020-24 stood at a healthy 8.94%, indicating steady growth. However, there was a notable decline in growth rate from 2023 to 2024 at -40.62%, suggesting a potential shift in market dynamics or external factors impacting the industry.
The Modular Kitchen Market in Grenada is growing as modern home designs prioritize space efficiency and aesthetics. Consumers are adopting modular kitchen solutions that offer customizable designs, high-quality materials, and advanced storage solutions. Urbanization and changing lifestyles are further propelling this market.
The Modular Kitchen market in Grenada is driven by changing consumer preferences towards modern, space-efficient, and customizable kitchen designs. With the rise in urbanization and smaller living spaces, modular kitchens provide an ideal solution for homeowners looking for functionality and aesthetics. The growing trend of DIY (Do-It-Yourself) home improvements and the increasing number of renovation projects contribute to the demand for modular kitchens in Grenada.
The Modular Kitchen Market contends with affordability issues and low awareness about modern kitchen designs. High import costs and limited local manufacturing capabilities pose further challenges.
The government of Grenada has supported the growth of the modular kitchen market through policies that encourage the construction of affordable housing and the modernization of kitchen spaces in residential and commercial buildings. Regulations ensure that modular kitchen manufacturers adhere to safety, quality, and environmental standards. The government offers incentives to businesses that produce sustainable and energy-efficient kitchen solutions, promoting the use of eco-friendly materials and designs. Additionally, there is a push to educate the population about the benefits of modular kitchens, which provide both functionality and aesthetic appeal while reducing construction time.
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 Kitchen Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Modular Kitchen Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Modular Kitchen Market - Industry Life Cycle |
3.4 Grenada Modular Kitchen Market - Porter's Five Forces |
3.5 Grenada Modular Kitchen Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Modular Kitchen Market Revenues & Volume Share, By End-User, 2021 & 2031F |
3.7 Grenada Modular Kitchen Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Modular Kitchen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Modular Kitchen Market Trends |
6 Grenada Modular Kitchen Market Segmentations |
6.1 Grenada Modular Kitchen Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Modular Kitchen Market Revenues & Volume, By Floor Cabinet & Wall Cabinets, 2021-2031F |
6.1.3 Grenada Modular Kitchen Market Revenues & Volume, By Tall Storage Cabinets, 2021-2031F |
6.1.4 Grenada Modular Kitchen Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Modular Kitchen Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Grenada Modular Kitchen Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Grenada Modular Kitchen Market Revenues & Volume, By Commercial, 2021-2031F |
6.3 Grenada Modular Kitchen Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Modular Kitchen Market Revenues & Volume, By Offline (Contractors, Builders, and Others), 2021-2031F |
6.3.3 Grenada Modular Kitchen Market Revenues & Volume, By Online, 2021-2031F |
7 Grenada Modular Kitchen Market Import-Export Trade Statistics |
7.1 Grenada Modular Kitchen Market Export to Major Countries |
7.2 Grenada Modular Kitchen Market Imports from Major Countries |
8 Grenada Modular Kitchen Market Key Performance Indicators |
9 Grenada Modular Kitchen Market - Opportunity Assessment |
9.1 Grenada Modular Kitchen Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Modular Kitchen Market Opportunity Assessment, By End-User, 2021 & 2031F |
9.3 Grenada Modular Kitchen Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Modular Kitchen Market - Competitive Landscape |
10.1 Grenada Modular Kitchen Market Revenue Share, By Companies, 2024 |
10.2 Grenada Modular Kitchen 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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