| Product Code: ETC5576311 | 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 smart textiles import market in Grenada saw significant growth in 2024, with the USA, Trinidad and Tobago, and Puerto Rico leading the way in exports to the country. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 84.14% from 2020 to 2024 highlights the rapid expansion of this sector. Moreover, the remarkable growth rate of 373.87% from 2023 to 2024 underscores the increasing demand for smart textiles in Grenada. It will be interesting to observe how this trend continues 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 Textiles Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Smart Textiles Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Smart Textiles Market - Industry Life Cycle |
3.4 Grenada Smart Textiles Market - Porter's Five Forces |
3.5 Grenada Smart Textiles Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.6 Grenada Smart Textiles Market Revenues & Volume Share, By Function , 2021 & 2031F |
3.7 Grenada Smart Textiles Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Grenada Smart Textiles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for wearable technology and smart clothing |
4.2.2 Growing awareness about health and fitness leading to adoption of smart textiles |
4.2.3 Technological advancements in the textile industry |
4.3 Market Restraints |
4.3.1 High initial costs associated with smart textiles production |
4.3.2 Limited availability of skilled labor in the smart textiles sector |
4.3.3 Concerns regarding data security and privacy with smart textiles usage |
5 Grenada Smart Textiles Market Trends |
6 Grenada Smart Textiles Market Segmentations |
6.1 Grenada Smart Textiles Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Smart Textiles Market Revenues & Volume, By Passive smart textile, 2021-2031F |
6.1.3 Grenada Smart Textiles Market Revenues & Volume, By Active/ultra-smart textiles, 2021-2031F |
6.2 Grenada Smart Textiles Market, By Function |
6.2.1 Overview and Analysis |
6.2.2 Grenada Smart Textiles Market Revenues & Volume, By Sensing, 2021-2031F |
6.2.3 Grenada Smart Textiles Market Revenues & Volume, By Energy Harvesting? and Thermo Electricity, 2021-2031F |
6.2.4 Grenada Smart Textiles Market Revenues & Volume, By Luminescence & Aesthetics, 2021-2031F |
6.2.5 Grenada Smart Textiles Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Smart Textiles Market, By Vertical |
6.3.1 Overview and Analysis |
6.3.2 Grenada Smart Textiles Market Revenues & Volume, By Military & Protection, 2021-2031F |
6.3.3 Grenada Smart Textiles Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.4 Grenada Smart Textiles Market Revenues & Volume, By Sports & Fitness, 2021-2031F |
6.3.5 Grenada Smart Textiles Market Revenues & Volume, By Fashion & Entertainment, 2021-2031F |
6.3.6 Grenada Smart Textiles Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.7 Grenada Smart Textiles Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Smart Textiles Market Import-Export Trade Statistics |
7.1 Grenada Smart Textiles Market Export to Major Countries |
7.2 Grenada Smart Textiles Market Imports from Major Countries |
8 Grenada Smart Textiles Market Key Performance Indicators |
8.1 Percentage increase in the adoption rate of smart textiles in Grenada |
8.2 Rate of technological innovation and new product development in the smart textiles market |
8.3 Number of partnerships and collaborations between textile manufacturers and technology companies for smart textiles development |
9 Grenada Smart Textiles Market - Opportunity Assessment |
9.1 Grenada Smart Textiles Market Opportunity Assessment, By Type , 2021 & 2031F |
9.2 Grenada Smart Textiles Market Opportunity Assessment, By Function , 2021 & 2031F |
9.3 Grenada Smart Textiles Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Grenada Smart Textiles Market - Competitive Landscape |
10.1 Grenada Smart Textiles Market Revenue Share, By Companies, 2024 |
10.2 Grenada Smart Textiles 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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