| Product Code: ETC10355110 | 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 |
In 2024, Grenada continued to rely on imports of safety mirrors, with top exporting countries being the USA, Panama, UK, China, and Hong Kong. Despite high concentration with a high Herfindahl-Hirschman Index (HHI), the market saw steady growth with a Compound Annual Growth Rate (CAGR) of 2.28% from 2020 to 2024. Notably, there was a significant growth spurt in 2024, with a growth rate of 20.15% compared to the previous year, indicating a positive trend in the demand for safety mirrors 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 Safety Mirrors Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Safety Mirrors Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Safety Mirrors Market - Industry Life Cycle |
3.4 Grenada Safety Mirrors Market - Porter's Five Forces |
3.5 Grenada Safety Mirrors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Safety Mirrors Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Grenada Safety Mirrors Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Grenada Safety Mirrors Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Safety Mirrors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on road safety regulations and standards |
4.2.2 Growing awareness about the importance of safety measures in public spaces |
4.2.3 Rise in urbanization and infrastructure development projects |
4.3 Market Restraints |
4.3.1 High initial investment cost for installing safety mirrors |
4.3.2 Limited consumer awareness about the benefits of safety mirrors |
4.3.3 Competition from alternative safety solutions in the market |
5 Grenada Safety Mirrors Market Trends |
6 Grenada Safety Mirrors Market, By Types |
6.1 Grenada Safety Mirrors Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Safety Mirrors Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Safety Mirrors Market Revenues & Volume, By Convex, 2021 - 2031F |
6.1.4 Grenada Safety Mirrors Market Revenues & Volume, By Dome, 2021 - 2031F |
6.1.5 Grenada Safety Mirrors Market Revenues & Volume, By Flat, 2021 - 2031F |
6.1.6 Grenada Safety Mirrors Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Grenada Safety Mirrors Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Grenada Safety Mirrors Market Revenues & Volume, By Acrylic, 2021 - 2031F |
6.2.3 Grenada Safety Mirrors Market Revenues & Volume, By Polycarbonate, 2021 - 2031F |
6.2.4 Grenada Safety Mirrors Market Revenues & Volume, By Glass, 2021 - 2031F |
6.2.5 Grenada Safety Mirrors Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Grenada Safety Mirrors Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Safety Mirrors Market Revenues & Volume, By Traffic Authorities, 2021 - 2031F |
6.3.3 Grenada Safety Mirrors Market Revenues & Volume, By Warehouses, 2021 - 2031F |
6.3.4 Grenada Safety Mirrors Market Revenues & Volume, By Hospitals, 2021 - 2031F |
6.3.5 Grenada Safety Mirrors Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Grenada Safety Mirrors Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Safety Mirrors Market Revenues & Volume, By Road Safety, 2021 - 2031F |
6.4.3 Grenada Safety Mirrors Market Revenues & Volume, By Industrial Safety, 2021 - 2031F |
6.4.4 Grenada Safety Mirrors Market Revenues & Volume, By Surveillance, 2021 - 2031F |
6.4.5 Grenada Safety Mirrors Market Revenues & Volume, By Others, 2021 - 2031F |
7 Grenada Safety Mirrors Market Import-Export Trade Statistics |
7.1 Grenada Safety Mirrors Market Export to Major Countries |
7.2 Grenada Safety Mirrors Market Imports from Major Countries |
8 Grenada Safety Mirrors Market Key Performance Indicators |
8.1 Number of road accidents reduced in areas where safety mirrors are installed |
8.2 Percentage increase in government spending on road safety infrastructure |
8.3 Number of new construction projects incorporating safety mirrors |
8.4 Customer satisfaction ratings for safety mirror effectiveness |
8.5 Increase in demand for safety mirrors in high-traffic areas |
9 Grenada Safety Mirrors Market - Opportunity Assessment |
9.1 Grenada Safety Mirrors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Safety Mirrors Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Grenada Safety Mirrors Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Grenada Safety Mirrors Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Safety Mirrors Market - Competitive Landscape |
10.1 Grenada Safety Mirrors Market Revenue Share, By Companies, 2024 |
10.2 Grenada Safety Mirrors 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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