| Product Code: ETC5602379 | 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 |
The import shipments of smart locks to Grenada in 2024 continued to be dominated by key players such as the USA, Canada, Trinidad and Tobago, China, and Hong Kong. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting a competitive landscape among these top exporting countries. With a healthy Compound Annual Growth Rate (CAGR) of 5.11% from 2020 to 2024 and a steady growth rate of 1.94% from 2023 to 2024, the smart lock market in Grenada shows promise for sustained expansion and technological advancement in the coming years.
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 Smart Lock Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Smart Lock Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Smart Lock Market - Industry Life Cycle |
3.4 Grenada Smart Lock Market - Porter's Five Forces |
3.5 Grenada Smart Lock Market Revenues & Volume Share, By Lock Type , 2021 & 2031F |
3.6 Grenada Smart Lock Market Revenues & Volume Share, By Communication Protocol , 2021 & 2031F |
3.7 Grenada Smart Lock Market Revenues & Volume Share, By Unlocking Mechanism , 2021 & 2031F |
3.8 Grenada Smart Lock Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Grenada Smart Lock Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for smart home technologies and automation. |
4.2.2 Growing awareness about security and convenience offered by smart locks. |
4.2.3 Technological advancements leading to improved features and functionalities of smart locks. |
4.3 Market Restraints |
4.3.1 High initial cost of smart lock installation. |
4.3.2 Concerns regarding data privacy and cybersecurity. |
4.3.3 Limited compatibility of smart locks with existing home security systems. |
5 Grenada Smart Lock Market Trends |
6 Grenada Smart Lock Market Segmentations |
6.1 Grenada Smart Lock Market, By Lock Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Smart Lock Market Revenues & Volume, By Deadbolt Locks, 2021-2031F |
6.1.3 Grenada Smart Lock Market Revenues & Volume, By Lever Handles, 2021-2031F |
6.1.4 Grenada Smart Lock Market Revenues & Volume, By Server locks & Latches, 2021-2031F |
6.1.5 Grenada Smart Lock Market Revenues & Volume, By Knob Locks, 2021-2031F |
6.1.6 Grenada Smart Lock Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Smart Lock Market, By Communication Protocol |
6.2.1 Overview and Analysis |
6.2.2 Grenada Smart Lock Market Revenues & Volume, By Bluetooth, 2021-2031F |
6.2.3 Grenada Smart Lock Market Revenues & Volume, By WiFi, 2021-2031F |
6.2.4 Grenada Smart Lock Market Revenues & Volume, By Z-Wave, 2021-2031F |
6.2.5 Grenada Smart Lock Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Smart Lock Market, By Unlocking Mechanism |
6.3.1 Overview and Analysis |
6.3.2 Grenada Smart Lock Market Revenues & Volume, By Keypad, 2021-2031F |
6.3.3 Grenada Smart Lock Market Revenues & Volume, By Card Key, 2021-2031F |
6.3.4 Grenada Smart Lock Market Revenues & Volume, By Touch Based, 2021-2031F |
6.3.5 Grenada Smart Lock Market Revenues & Volume, By Key Fob, 2021-2031F |
6.3.6 Grenada Smart Lock Market Revenues & Volume, By Smartphone Based, 2021-2031F |
6.4 Grenada Smart Lock Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 Grenada Smart Lock Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.3 Grenada Smart Lock Market Revenues & Volume, By Residential, 2021-2031F |
6.4.4 Grenada Smart Lock Market Revenues & Volume, By Institutional & Government, 2021-2031F |
6.4.5 Grenada Smart Lock Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.6 Grenada Smart Lock Market Revenues & Volume, By Transportation & Logistic, 2021-2031F |
7 Grenada Smart Lock Market Import-Export Trade Statistics |
7.1 Grenada Smart Lock Market Export to Major Countries |
7.2 Grenada Smart Lock Market Imports from Major Countries |
8 Grenada Smart Lock Market Key Performance Indicators |
8.1 Average time spent on research and purchase of smart locks. |
8.2 Number of households adopting smart home technologies. |
8.3 Rate of smartphone penetration in the target market. |
9 Grenada Smart Lock Market - Opportunity Assessment |
9.1 Grenada Smart Lock Market Opportunity Assessment, By Lock Type , 2021 & 2031F |
9.2 Grenada Smart Lock Market Opportunity Assessment, By Communication Protocol , 2021 & 2031F |
9.3 Grenada Smart Lock Market Opportunity Assessment, By Unlocking Mechanism , 2021 & 2031F |
9.4 Grenada Smart Lock Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Grenada Smart Lock Market - Competitive Landscape |
10.1 Grenada Smart Lock Market Revenue Share, By Companies, 2024 |
10.2 Grenada Smart Lock Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |