| Product Code: ETC5234520 | 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 |
In 2024, Grenada continued to see a high concentration of torque screwdriver import shipments, with the top exporting countries being the USA, UK, Panama, Germany, and Trinidad and Tobago. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period of 2020-2024 remained positive at 6.82%. This data suggests a stable demand for torque screwdrivers in Grenada, with key trading partners consistently supplying these essential tools to the market.
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 Torque Screwdriver Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Torque Screwdriver Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Torque Screwdriver Market - Industry Life Cycle |
3.4 Grenada Torque Screwdriver Market - Porter's Five Forces |
3.5 Grenada Torque Screwdriver Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Grenada Torque Screwdriver Market Revenues & Volume Share, By Applications , 2021 & 2031F |
4 Grenada Torque Screwdriver Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision tools in industries such as electronics, automotive, and aerospace, where Grenada torque screwdrivers are essential for delicate tasks. |
4.2.2 Growing awareness about the importance of torque control in preventing damage to products and equipment, driving the adoption of torque screwdrivers. |
4.2.3 Technological advancements leading to the development of more accurate and efficient Grenada torque screwdrivers. |
4.3 Market Restraints |
4.3.1 High initial investment required for purchasing Grenada torque screwdrivers, limiting adoption among smaller businesses and individuals. |
4.3.2 Limited availability of skilled technicians who are knowledgeable in using and maintaining Grenada torque screwdrivers effectively. |
4.3.3 Intense competition from other torque screwdriver manufacturers, leading to pricing pressures and potential profit margins squeeze. |
5 Grenada Torque Screwdriver Market Trends |
6 Grenada Torque Screwdriver Market Segmentations |
6.1 Grenada Torque Screwdriver Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Grenada Torque Screwdriver Market Revenues & Volume, By Electric Torque Screwdriver, 2021-2031F |
6.1.3 Grenada Torque Screwdriver Market Revenues & Volume, By Manual Torque Screwdriver, 2021-2031F |
6.2 Grenada Torque Screwdriver Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Grenada Torque Screwdriver Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Grenada Torque Screwdriver Market Revenues & Volume, By Engineering and Construction, 2021-2031F |
6.2.4 Grenada Torque Screwdriver Market Revenues & Volume, By Machinery Manufacturing, 2021-2031F |
6.2.5 Grenada Torque Screwdriver Market Revenues & Volume, By Shipping and Aerospace, 2021-2031F |
6.2.6 Grenada Torque Screwdriver Market Revenues & Volume, By Other, 2021-2031F |
7 Grenada Torque Screwdriver Market Import-Export Trade Statistics |
7.1 Grenada Torque Screwdriver Market Export to Major Countries |
7.2 Grenada Torque Screwdriver Market Imports from Major Countries |
8 Grenada Torque Screwdriver Market Key Performance Indicators |
8.1 Rate of adoption of Grenada torque screwdrivers by new industries or sectors. |
8.2 Customer satisfaction scores related to the performance and reliability of Grenada torque screwdrivers. |
8.3 Number of patents or innovations in Grenada torque screwdriver technology introduced by the company. |
9 Grenada Torque Screwdriver Market - Opportunity Assessment |
9.1 Grenada Torque Screwdriver Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Grenada Torque Screwdriver Market Opportunity Assessment, By Applications , 2021 & 2031F |
10 Grenada Torque Screwdriver Market - Competitive Landscape |
10.1 Grenada Torque Screwdriver Market Revenue Share, By Companies, 2024 |
10.2 Grenada Torque Screwdriver 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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