| Product Code: ETC4798812 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of smart locks and keys in Grenada have shown consistent growth from 2020 to 2024, with a notable CAGR of 6.13%. However, there was a slight decline in the growth rate from 2023 to 2024 at -16.22%. The top exporting countries to Grenada in 2024 include the USA, Canada, Trinidad and Tobago, China, and Hong Kong, indicating a diverse source of supply. Despite the high concentration levels reflected by the HHI index, the market for smart locks and keys in Grenada continues to attract a variety of international suppliers.
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 Locks & Keys Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Smart Locks & Keys Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Smart Locks & Keys Market - Industry Life Cycle |
3.4 Grenada Smart Locks & Keys Market - Porter's Five Forces |
3.5 Grenada Smart Locks & Keys Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Grenada Smart Locks & Keys Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Grenada Smart Locks & Keys Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Smart Locks & Keys Market Trends |
6 Grenada Smart Locks & Keys Market Segmentations |
6.1 Grenada Smart Locks & Keys Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Grenada Smart Locks & Keys Market Revenues & Volume, By Deadbolt, 2021-2031F |
6.1.3 Grenada Smart Locks & Keys Market Revenues & Volume, By Lever Handles, 2021-2031F |
6.1.4 Grenada Smart Locks & Keys Market Revenues & Volume, By Padlock, 2021-2031F |
6.1.5 Grenada Smart Locks & Keys Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Smart Locks & Keys Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Grenada Smart Locks & Keys Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Grenada Smart Locks & Keys Market Revenues & Volume, By Hospitality, 2021-2031F |
6.2.4 Grenada Smart Locks & Keys Market Revenues & Volume, By Enterprise, 2021-2031F |
6.2.5 Grenada Smart Locks & Keys Market Revenues & Volume, By Critical Infrastructure, 2021-2031F |
6.2.6 Grenada Smart Locks & Keys Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Smart Locks & Keys Market Import-Export Trade Statistics |
7.1 Grenada Smart Locks & Keys Market Export to Major Countries |
7.2 Grenada Smart Locks & Keys Market Imports from Major Countries |
8 Grenada Smart Locks & Keys Market Key Performance Indicators |
9 Grenada Smart Locks & Keys Market - Opportunity Assessment |
9.1 Grenada Smart Locks & Keys Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Grenada Smart Locks & Keys Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Grenada Smart Locks & Keys Market - Competitive Landscape |
10.1 Grenada Smart Locks & Keys Market Revenue Share, By Companies, 2024 |
10.2 Grenada Smart Locks & Keys 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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