| Product Code: ETC5832336 | 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 saw significant import shipments of scale and balance equipment, with top exporters being the USA, Trinidad and Tobago, UK, Netherlands, and Hong Kong. Despite the high concentration of imports, the Herfindahl-Hirschman Index (HHI) remained very high in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 11.92%, indicating a growing market. However, there was a notable decrease in growth from 2023 to 2024, with a negative growth rate of -24.59%, suggesting a potential shift in market dynamics during that period.
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 Scale & Balance Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Scale & Balance Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Scale & Balance Market - Industry Life Cycle |
3.4 Grenada Scale & Balance Market - Porter's Five Forces |
3.5 Grenada Scale & Balance Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Grenada Scale & Balance Market Revenues & Volume Share, By Services, 2021 & 2031F |
3.7 Grenada Scale & Balance Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Grenada Scale & Balance Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Grenada Scale & Balance Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision measuring equipment in industries such as pharmaceuticals, food, and manufacturing |
4.2.2 Technological advancements leading to the development of more accurate and efficient scale and balance products |
4.2.3 Growing awareness about the importance of precision weighing in ensuring product quality and compliance with regulations |
4.3 Market Restraints |
4.3.1 High initial investment required for advanced scale and balance equipment |
4.3.2 Intense competition among market players leading to price wars and margin pressures |
4.3.3 Economic uncertainties impacting the purchasing power of businesses and consumers |
5 Grenada Scale & Balance Market Trends |
6 Grenada Scale & Balance Market Segmentations |
6.1 Grenada Scale & Balance Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Grenada Scale & Balance Market Revenues & Volume, By Bench and Floor Scales, 2021-2031F |
6.1.3 Grenada Scale & Balance Market Revenues & Volume, By Laboratory Balance and Scales, 2021-2031F |
6.1.4 Grenada Scale & Balance Market Revenues & Volume, By Truck Scales, 2021-2031F |
6.1.5 Grenada Scale & Balance Market Revenues & Volume, By Hanging Scales, 2021-2031F |
6.1.6 Grenada Scale & Balance Market Revenues & Volume, By Counting Scales, 2021-2031F |
6.1.7 Grenada Scale & Balance Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Scale & Balance Market, By Services |
6.2.1 Overview and Analysis |
6.2.2 Grenada Scale & Balance Market Revenues & Volume, By Engineering Support Service, 2021-2031F |
6.2.3 Grenada Scale & Balance Market Revenues & Volume, By Installation Services, 2021-2031F |
6.2.4 Grenada Scale & Balance Market Revenues & Volume, By Upgrade, Maintenance and Repair Services, 2021-2031F |
6.2.5 Grenada Scale & Balance Market Revenues & Volume, By Software Solutions, 2021-2031F |
6.3 Grenada Scale & Balance Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Scale & Balance Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 Grenada Scale & Balance Market Revenues & Volume, By Offline, 2021-2031F |
6.4 Grenada Scale & Balance Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Scale & Balance Market Revenues & Volume, By Construction Industry, 2021-2031F |
6.4.3 Grenada Scale & Balance Market Revenues & Volume, By Food and Beverage Industry, 2021-2031F |
6.4.4 Grenada Scale & Balance Market Revenues & Volume, By Transport and Logistics, 2021-2031F |
6.4.5 Grenada Scale & Balance Market Revenues & Volume, By Manufacturing Industry, 2021-2031F |
6.4.6 Grenada Scale & Balance Market Revenues & Volume, By Chemical Industry, 2021-2031F |
6.4.7 Grenada Scale & Balance Market Revenues & Volume, By Mining Industry, 2021-2031F |
6.4.8 Grenada Scale & Balance Market Revenues & Volume, By Other, 2021-2031F |
6.4.9 Grenada Scale & Balance Market Revenues & Volume, By Other, 2021-2031F |
7 Grenada Scale & Balance Market Import-Export Trade Statistics |
7.1 Grenada Scale & Balance Market Export to Major Countries |
7.2 Grenada Scale & Balance Market Imports from Major Countries |
8 Grenada Scale & Balance Market Key Performance Indicators |
8.1 Average order value per customer indicating the adoption of higher-end scale and balance products |
8.2 Rate of product innovation and new product launches reflecting technological advancements in the market |
8.3 Customer satisfaction levels and retention rates showcasing the quality and reliability of scale and balance products |
9 Grenada Scale & Balance Market - Opportunity Assessment |
9.1 Grenada Scale & Balance Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Grenada Scale & Balance Market Opportunity Assessment, By Services, 2021 & 2031F |
9.3 Grenada Scale & Balance Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Grenada Scale & Balance Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Grenada Scale & Balance Market - Competitive Landscape |
10.1 Grenada Scale & Balance Market Revenue Share, By Companies, 2024 |
10.2 Grenada Scale & Balance Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |