| Product Code: ETC10172134 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Grenada`s import shipments of pre-owned construction equipment in 2024 continued to be dominated by top exporting countries such as the USA, Trinidad and Tobago, UK, China, and Netherlands. The High Herfindahl-Hirschman Index (HHI) indicates a very high concentration in the market. With a notable Compound Annual Growth Rate (CAGR) of 36.03% from 2020 to 2024, the industry is showing significant expansion. Moreover, the growth rate from 2023 to 2024 at 7.16% suggests a continued positive momentum in the importation of construction equipment, reflecting a robust market demand 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 Pre-Owned Construction Equipment Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Pre-Owned Construction Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Pre-Owned Construction Equipment Market - Industry Life Cycle |
3.4 Grenada Pre-Owned Construction Equipment Market - Porter's Five Forces |
3.5 Grenada Pre-Owned Construction Equipment Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.6 Grenada Pre-Owned Construction Equipment Market Revenues & Volume Share, By Brand, 2021 & 2031F |
3.7 Grenada Pre-Owned Construction Equipment Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.8 Grenada Pre-Owned Construction Equipment Market Revenues & Volume Share, By Condition, 2021 & 2031F |
4 Grenada Pre-Owned Construction Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in construction activity in Grenada |
4.2.2 Cost-effectiveness of pre-owned construction equipment |
4.2.3 Increasing demand for infrastructure development projects |
4.3 Market Restraints |
4.3.1 Limited availability of high-quality pre-owned construction equipment |
4.3.2 Potential for higher maintenance and repair costs compared to new equipment |
4.3.3 Uncertainty in the economic and political landscape impacting construction projects |
5 Grenada Pre-Owned Construction Equipment Market Trends |
6 Grenada Pre-Owned Construction Equipment Market, By Types |
6.1 Grenada Pre-Owned Construction Equipment Market, By Equipment Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Pre-Owned Construction Equipment Market Revenues & Volume, By Equipment Type, 2021 - 2031F |
6.1.3 Grenada Pre-Owned Construction Equipment Market Revenues & Volume, By Excavators, 2021 - 2031F |
6.1.4 Grenada Pre-Owned Construction Equipment Market Revenues & Volume, By Bulldozers, 2021 - 2031F |
6.1.5 Grenada Pre-Owned Construction Equipment Market Revenues & Volume, By Cranes, 2021 - 2031F |
6.2 Grenada Pre-Owned Construction Equipment Market, By Brand |
6.2.1 Overview and Analysis |
6.2.2 Grenada Pre-Owned Construction Equipment Market Revenues & Volume, By Caterpillar, 2021 - 2031F |
6.2.3 Grenada Pre-Owned Construction Equipment Market Revenues & Volume, By Komatsu, 2021 - 2031F |
6.2.4 Grenada Pre-Owned Construction Equipment Market Revenues & Volume, By Volvo, 2021 - 2031F |
6.3 Grenada Pre-Owned Construction Equipment Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Grenada Pre-Owned Construction Equipment Market Revenues & Volume, By Earth Moving, 2021 - 2031F |
6.3.3 Grenada Pre-Owned Construction Equipment Market Revenues & Volume, By Road Construction, 2021 - 2031F |
6.3.4 Grenada Pre-Owned Construction Equipment Market Revenues & Volume, By Mining, 2021 - 2031F |
6.4 Grenada Pre-Owned Construction Equipment Market, By Condition |
6.4.1 Overview and Analysis |
6.4.2 Grenada Pre-Owned Construction Equipment Market Revenues & Volume, By Like New, 2021 - 2031F |
6.4.3 Grenada Pre-Owned Construction Equipment Market Revenues & Volume, By Refurbished, 2021 - 2031F |
6.4.4 Grenada Pre-Owned Construction Equipment Market Revenues & Volume, By Used, 2021 - 2031F |
7 Grenada Pre-Owned Construction Equipment Market Import-Export Trade Statistics |
7.1 Grenada Pre-Owned Construction Equipment Market Export to Major Countries |
7.2 Grenada Pre-Owned Construction Equipment Market Imports from Major Countries |
8 Grenada Pre-Owned Construction Equipment Market Key Performance Indicators |
8.1 Average age of pre-owned construction equipment in the market |
8.2 Utilization rate of pre-owned equipment by construction companies |
8.3 Average selling price of pre-owned construction equipment |
8.4 Number of construction permits issued in Grenada |
8.5 Rate of adoption of pre-owned equipment in construction projects |
9 Grenada Pre-Owned Construction Equipment Market - Opportunity Assessment |
9.1 Grenada Pre-Owned Construction Equipment Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.2 Grenada Pre-Owned Construction Equipment Market Opportunity Assessment, By Brand, 2021 & 2031F |
9.3 Grenada Pre-Owned Construction Equipment Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.4 Grenada Pre-Owned Construction Equipment Market Opportunity Assessment, By Condition, 2021 & 2031F |
10 Grenada Pre-Owned Construction Equipment Market - Competitive Landscape |
10.1 Grenada Pre-Owned Construction Equipment Market Revenue Share, By Companies, 2024 |
10.2 Grenada Pre-Owned Construction Equipment 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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