Grenada Smart Parking Systems Market (2025-2031) | Size, Revenue, Forecast, Companies, Analysis, Trends, Industry, Share, Segmentation, Outlook, Value & Growth

Name: Grenada Smart Parking Systems Market (2025-2031) | Value & Analysis
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Smart Parking Systems Market, Grenada Smart Parking Systems Market, Grenada Smart Parking Systems Market Revenues, Grenada Smart Parking Systems Market Share, Grenada Smart Parking Systems Market Size, Grenada Smart Parking Systems Market Outlook, Grenada Smart Parking Systems Market Report, Grenada Smart Parking Systems Market Competition, Grenada Smart Parking Systems Market Overview, Grenada Smart Parking Systems Market Trends, Grenada Smart Parking Systems Market Forecast

Market Forecast By Hardware (Pucks (Wireless Sensors), Cameras & LPRs, Smart Meters, Signage, Parking Gates), By Software (Parking Guidance System, Analytics Solutions), By Service (Consulting Service, Engineering Service, Mobile App Parking Service), By Type (On-street, Off-street), By Application (Commercial, Government, Transport Transit) And Competitive Landscape

Product Code: ETC5087289	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

Grenada Smart Parking Systems Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The smart parking systems import shipments to Grenada in 2024 show significant growth and a strong concentration of imports from top countries like the USA, Canada, Trinidad and Tobago, China, and the UK. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market share among these countries. The impressive Compound Annual Growth Rate (CAGR) of 66.58% from 2020 to 2024 highlights the increasing demand for smart parking solutions in Grenada. Furthermore, the remarkable growth rate of 101.58% from 2023 to 2024 suggests a rapid expansion in the market for smart parking systems in the country.

Key Highlights of the Report:

Grenada Smart Parking Systems Market Outlook
Market Size of Grenada Smart Parking Systems Market, 2024
Forecast of Grenada Smart Parking Systems Market, 2031
Historical Data and Forecast of Grenada Smart Parking Systems Revenues & Volume for the Period 2021-2031
Grenada Smart Parking Systems Market Trend Evolution
Grenada Smart Parking Systems Market Drivers and Challenges
Grenada Smart Parking Systems Price Trends
Grenada Smart Parking Systems Porter`s Five Forces
Grenada Smart Parking Systems Industry Life Cycle
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Hardware for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Pucks (Wireless Sensors) for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Cameras & LPRs for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Smart Meters for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Signage for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Parking Gates for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Software for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Parking Guidance System for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Analytics Solutions for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Service for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Consulting Service for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Engineering Service for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Mobile App Parking Service for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By On-street for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Off-street for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Commercial for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Government for the Period 2021-2031
Historical Data and Forecast of Grenada Smart Parking Systems Market Revenues & Volume By Transport Transit for the Period 2021-2031
Grenada Smart Parking Systems Import Export Trade Statistics
Market Opportunity Assessment By Hardware
Market Opportunity Assessment By Software
Market Opportunity Assessment By Service
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
Grenada Smart Parking Systems Top Companies Market Share
Grenada Smart Parking Systems Competitive Benchmarking By Technical and Operational Parameters
Grenada Smart Parking Systems Company Profiles
Grenada Smart Parking Systems Key Strategic Recommendations

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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 Parking Systems Market Overview

3.1 Grenada Country Macro Economic Indicators

3.2 Grenada Smart Parking Systems Market Revenues & Volume, 2021 & 2031F

3.3 Grenada Smart Parking Systems Market - Industry Life Cycle

3.4 Grenada Smart Parking Systems Market - Porter's Five Forces

3.5 Grenada Smart Parking Systems Market Revenues & Volume Share, By Hardware, 2021 & 2031F

3.6 Grenada Smart Parking Systems Market Revenues & Volume Share, By Software, 2021 & 2031F

3.7 Grenada Smart Parking Systems Market Revenues & Volume Share, By Service, 2021 & 2031F

3.8 Grenada Smart Parking Systems Market Revenues & Volume Share, By Type, 2021 & 2031F

3.9 Grenada Smart Parking Systems Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Grenada Smart Parking Systems Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing urbanization and population density in Grenada leading to higher demand for efficient parking solutions.

4.2.2 Government initiatives promoting smart city development and investment in smart infrastructure projects.

4.2.3 Growing adoption of connected vehicles and IoT technology, driving the need for smart parking systems.

4.3 Market Restraints

4.3.1 High initial investment costs associated with implementing smart parking systems.

4.3.2 Limited awareness and understanding of the benefits of smart parking solutions among consumers.

4.3.3 Lack of standardized regulations and guidelines for smart parking systems in Grenada.

5 Grenada Smart Parking Systems Market Trends

6 Grenada Smart Parking Systems Market Segmentations

6.1 Grenada Smart Parking Systems Market, By Hardware

6.1.1 Overview and Analysis

6.1.2 Grenada Smart Parking Systems Market Revenues & Volume, By Pucks (Wireless Sensors), 2021-2031F

6.1.3 Grenada Smart Parking Systems Market Revenues & Volume, By Cameras & LPRs, 2021-2031F

6.1.4 Grenada Smart Parking Systems Market Revenues & Volume, By Smart Meters, 2021-2031F

6.1.5 Grenada Smart Parking Systems Market Revenues & Volume, By Signage, 2021-2031F

6.1.6 Grenada Smart Parking Systems Market Revenues & Volume, By Parking Gates, 2021-2031F

6.2 Grenada Smart Parking Systems Market, By Software

6.2.1 Overview and Analysis

6.2.2 Grenada Smart Parking Systems Market Revenues & Volume, By Parking Guidance System, 2021-2031F

6.2.3 Grenada Smart Parking Systems Market Revenues & Volume, By Analytics Solutions, 2021-2031F

6.3 Grenada Smart Parking Systems Market, By Service

6.3.1 Overview and Analysis

6.3.2 Grenada Smart Parking Systems Market Revenues & Volume, By Consulting Service, 2021-2031F

6.3.3 Grenada Smart Parking Systems Market Revenues & Volume, By Engineering Service, 2021-2031F

6.3.4 Grenada Smart Parking Systems Market Revenues & Volume, By Mobile App Parking Service, 2021-2031F

6.4 Grenada Smart Parking Systems Market, By Type

6.4.1 Overview and Analysis

6.4.2 Grenada Smart Parking Systems Market Revenues & Volume, By On-street, 2021-2031F

6.4.3 Grenada Smart Parking Systems Market Revenues & Volume, By Off-street, 2021-2031F

6.5 Grenada Smart Parking Systems Market, By Application

6.5.1 Overview and Analysis

6.5.2 Grenada Smart Parking Systems Market Revenues & Volume, By Commercial, 2021-2031F

6.5.3 Grenada Smart Parking Systems Market Revenues & Volume, By Government, 2021-2031F

6.5.4 Grenada Smart Parking Systems Market Revenues & Volume, By Transport Transit, 2021-2031F

7 Grenada Smart Parking Systems Market Import-Export Trade Statistics

7.1 Grenada Smart Parking Systems Market Export to Major Countries

7.2 Grenada Smart Parking Systems Market Imports from Major Countries

8 Grenada Smart Parking Systems Market Key Performance Indicators

8.1 Average occupancy rate of smart parking spaces in key urban areas.

8.2 Percentage increase in the adoption of mobile payment options for parking fees.

8.3 Reduction in average time spent searching for parking spots in areas using smart parking systems.

9 Grenada Smart Parking Systems Market - Opportunity Assessment

9.1 Grenada Smart Parking Systems Market Opportunity Assessment, By Hardware, 2021 & 2031F

9.2 Grenada Smart Parking Systems Market Opportunity Assessment, By Software, 2021 & 2031F

9.3 Grenada Smart Parking Systems Market Opportunity Assessment, By Service, 2021 & 2031F

9.4 Grenada Smart Parking Systems Market Opportunity Assessment, By Type, 2021 & 2031F

9.5 Grenada Smart Parking Systems Market Opportunity Assessment, By Application, 2021 & 2031F

10 Grenada Smart Parking Systems Market - Competitive Landscape

10.1 Grenada Smart Parking Systems Market Revenue Share, By Companies, 2024

10.2 Grenada Smart Parking Systems Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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