| Product Code: ETC7376279 | 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 rely heavily on imports for offsite construction, with top exporters being China, USA, Panama, Trinidad and Tobago, and Canada. Despite high concentration with a high Herfindahl-Hirschman Index (HHI), the industry experienced a significant decline with a compound annual growth rate (CAGR) of -14.31% from 2020 to 2024. The growth rate from 2023 to 2024 plummeted by -78.23%, indicating a challenging year for offsite construction imports in Grenada. Stakeholders should closely monitor these trends to adapt to the evolving market conditions.
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 Offsite Construction Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Offsite Construction Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Offsite Construction Market - Industry Life Cycle |
3.4 Grenada Offsite Construction Market - Porter's Five Forces |
3.5 Grenada Offsite Construction Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Grenada Offsite Construction Market Revenues & Volume Share, By Construction Type, 2021 & 2031F |
3.7 Grenada Offsite Construction Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Offsite Construction Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable and eco-friendly construction methods |
4.2.2 Cost-efficiency and time-saving benefits of offsite construction |
4.2.3 Government initiatives promoting modular construction practices |
4.3 Market Restraints |
4.3.1 Limited awareness and understanding of offsite construction methods among stakeholders |
4.3.2 Challenges related to transportation and logistics for offsite components |
4.3.3 Resistance from traditional construction industry players |
5 Grenada Offsite Construction Market Trends |
6 Grenada Offsite Construction Market, By Types |
6.1 Grenada Offsite Construction Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Grenada Offsite Construction Market Revenues & Volume, By Material, 2021- 2031F |
6.1.3 Grenada Offsite Construction Market Revenues & Volume, By Steel, 2021- 2031F |
6.1.4 Grenada Offsite Construction Market Revenues & Volume, By Wood, 2021- 2031F |
6.1.5 Grenada Offsite Construction Market Revenues & Volume, By Concrete, 2021- 2031F |
6.1.6 Grenada Offsite Construction Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Offsite Construction Market, By Construction Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Offsite Construction Market Revenues & Volume, By Fixed, 2021- 2031F |
6.2.3 Grenada Offsite Construction Market Revenues & Volume, By Movable, 2021- 2031F |
6.3 Grenada Offsite Construction Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Offsite Construction Market Revenues & Volume, By Residential, 2021- 2031F |
6.3.3 Grenada Offsite Construction Market Revenues & Volume, By Commercial, 2021- 2031F |
6.3.4 Grenada Offsite Construction Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Grenada Offsite Construction Market Import-Export Trade Statistics |
7.1 Grenada Offsite Construction Market Export to Major Countries |
7.2 Grenada Offsite Construction Market Imports from Major Countries |
8 Grenada Offsite Construction Market Key Performance Indicators |
8.1 Percentage increase in the number of offsite construction projects undertaken in Grenada |
8.2 Average time reduction in construction project completion using offsite methods |
8.3 Number of government policies and incentives supporting offsite construction practices in Grenada |
9 Grenada Offsite Construction Market - Opportunity Assessment |
9.1 Grenada Offsite Construction Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Grenada Offsite Construction Market Opportunity Assessment, By Construction Type, 2021 & 2031F |
9.3 Grenada Offsite Construction Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Offsite Construction Market - Competitive Landscape |
10.1 Grenada Offsite Construction Market Revenue Share, By Companies, 2024 |
10.2 Grenada Offsite 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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