| Product Code: ETC7375373 | 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 import shipments of multispace parking meters in 2024 continued to be dominated by key suppliers such as the USA, Trinidad and Tobago, Panama, China, and Puerto Rico. Despite a slight decline in growth rate from 2023 to 2024, the industry still maintained a healthy Compound Annual Growth Rate (CAGR) of 10.4% from 2020 to 2024. The High Herfindahl-Hirschman Index (HHI) indicates a market concentration among these top exporting countries, suggesting a competitive landscape for multispace parking meter imports 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 Multispace Parking Meter Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Multispace Parking Meter Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Multispace Parking Meter Market - Industry Life Cycle |
3.4 Grenada Multispace Parking Meter Market - Porter's Five Forces |
3.5 Grenada Multispace Parking Meter Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Multispace Parking Meter Market Revenues & Volume Share, By Payment Mode, 2021 & 2031F |
3.7 Grenada Multispace Parking Meter Market Revenues & Volume Share, By End use, 2021 & 2031F |
4 Grenada Multispace Parking Meter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and population density leading to higher demand for efficient parking solutions |
4.2.2 Government initiatives promoting smart city infrastructure and technology adoption |
4.2.3 Growth in tourism industry driving the need for modern parking facilities |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with multispace parking meters |
4.3.2 Limited awareness and understanding of the benefits of multispace parking solutions among consumers |
4.3.3 Regulatory challenges and approvals required for implementing new parking technologies |
5 Grenada Multispace Parking Meter Market Trends |
6 Grenada Multispace Parking Meter Market, By Types |
6.1 Grenada Multispace Parking Meter Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Multispace Parking Meter Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Multispace Parking Meter Market Revenues & Volume, By On-street Multispace Meters, 2021- 2031F |
6.1.4 Grenada Multispace Parking Meter Market Revenues & Volume, By Off-street Multispce Meters, 2021- 2031F |
6.2 Grenada Multispace Parking Meter Market, By Payment Mode |
6.2.1 Overview and Analysis |
6.2.2 Grenada Multispace Parking Meter Market Revenues & Volume, By Cash, 2021- 2031F |
6.2.3 Grenada Multispace Parking Meter Market Revenues & Volume, By Payment Cards, 2021- 2031F |
6.2.4 Grenada Multispace Parking Meter Market Revenues & Volume, By Mobile Payment, 2021- 2031F |
6.3 Grenada Multispace Parking Meter Market, By End use |
6.3.1 Overview and Analysis |
6.3.2 Grenada Multispace Parking Meter Market Revenues & Volume, By Government Institutions, 2021- 2031F |
6.3.3 Grenada Multispace Parking Meter Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.3.4 Grenada Multispace Parking Meter Market Revenues & Volume, By Parks, 2021- 2031F |
6.3.5 Grenada Multispace Parking Meter Market Revenues & Volume, By Transit systems, 2021- 2031F |
6.3.6 Grenada Multispace Parking Meter Market Revenues & Volume, By Malls and Stadiums, 2021- 2031F |
6.3.7 Grenada Multispace Parking Meter Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Multispace Parking Meter Market Import-Export Trade Statistics |
7.1 Grenada Multispace Parking Meter Market Export to Major Countries |
7.2 Grenada Multispace Parking Meter Market Imports from Major Countries |
8 Grenada Multispace Parking Meter Market Key Performance Indicators |
8.1 Average daily utilization rate of multispace parking meters |
8.2 Percentage increase in revenue generated from multispace parking meters |
8.3 Customer satisfaction ratings for multispace parking experience |
9 Grenada Multispace Parking Meter Market - Opportunity Assessment |
9.1 Grenada Multispace Parking Meter Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Multispace Parking Meter Market Opportunity Assessment, By Payment Mode, 2021 & 2031F |
9.3 Grenada Multispace Parking Meter Market Opportunity Assessment, By End use, 2021 & 2031F |
10 Grenada Multispace Parking Meter Market - Competitive Landscape |
10.1 Grenada Multispace Parking Meter Market Revenue Share, By Companies, 2024 |
10.2 Grenada Multispace Parking Meter 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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