| Product Code: ETC5368451 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to import radio and audio equipment primarily from the USA, Trinidad and Tobago, UAE, Barbados, and China. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the market saw a decline with a negative Compound Annual Growth Rate (CAGR) of -1.9% from 2020 to 2024. The growth rate in 2024 dropped significantly by -9.21% compared to the previous year. This indicates a challenging environment for the radio and audio equipment import market in Grenada, prompting a need for strategic adjustments and market analysis to stimulate growth.
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 Radio and Audio Equipment Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Radio and Audio Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Radio and Audio Equipment Market - Industry Life Cycle |
3.4 Grenada Radio and Audio Equipment Market - Porter's Five Forces |
3.5 Grenada Radio and Audio Equipment Market Revenues & Volume Share, By Radio Type, 2021 & 2031F |
3.6 Grenada Radio and Audio Equipment Market Revenues & Volume Share, By Audio Equipment Type, 2021 & 2031F |
3.7 Grenada Radio and Audio Equipment Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Grenada Radio and Audio Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for smart speakers and wireless audio devices |
4.2.2 Growing popularity of podcasts and online streaming services |
4.2.3 Technological advancements leading to the introduction of innovative products |
4.3 Market Restraints |
4.3.1 High import tariffs and taxes on electronic goods |
4.3.2 Limited disposable income of the population affecting purchasing power |
4.3.3 Competition from substitute products such as smartphones and tablets with built-in audio capabilities |
5 Grenada Radio and Audio Equipment Market Trends |
6 Grenada Radio and Audio Equipment Market Segmentations |
6.1 Grenada Radio and Audio Equipment Market, By Radio Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Radio and Audio Equipment Market Revenues & Volume, By Broadcast Radio, 2021-2031F |
6.1.3 Grenada Radio and Audio Equipment Market Revenues & Volume, By Online/Mobile Radio, 2021-2031F |
6.1.4 Grenada Radio and Audio Equipment Market Revenues & Volume, By Satellite Radio, 2021-2031F |
6.2 Grenada Radio and Audio Equipment Market, By Audio Equipment Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Radio and Audio Equipment Market Revenues & Volume, By Loudspeakers, 2021-2031F |
6.2.3 Grenada Radio and Audio Equipment Market Revenues & Volume, By Microphones, 2021-2031F |
6.2.4 Grenada Radio and Audio Equipment Market Revenues & Volume, By Amplifiers, 2021-2031F | 6.2.5 Grenada Radio and Audio Equipment Market Revenues & Volume, By Turntables, 2021-2031F |
6.2.6 Grenada Radio and Audio Equipment Market Revenues & Volume, By Others ? , 2021-2031F |
6.3 Grenada Radio and Audio Equipment Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Grenada Radio and Audio Equipment Market Revenues & Volume, By B2B, 2021-2031F |
6.3.3 Grenada Radio and Audio Equipment Market Revenues & Volume, By B2C, 2021-2031F |
7 Grenada Radio and Audio Equipment Market Import-Export Trade Statistics |
7.1 Grenada Radio and Audio Equipment Market Export to Major Countries |
7.2 Grenada Radio and Audio Equipment Market Imports from Major Countries |
8 Grenada Radio and Audio Equipment Market Key Performance Indicators |
8.1 Household penetration rate of audio equipment |
8.2 Adoption rate of voice-controlled smart speakers |
8.3 Average spending on audio equipment per household |
9 Grenada Radio and Audio Equipment Market - Opportunity Assessment |
9.1 Grenada Radio and Audio Equipment Market Opportunity Assessment, By Radio Type, 2021 & 2031F |
9.2 Grenada Radio and Audio Equipment Market Opportunity Assessment, By Audio Equipment Type, 2021 & 2031F |
9.3 Grenada Radio and Audio Equipment Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Grenada Radio and Audio Equipment Market - Competitive Landscape |
10.1 Grenada Radio and Audio Equipment Market Revenue Share, By Companies, 2024 |
10.2 Grenada Radio and Audio Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |