| Product Code: ETC5234653 | 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 continues to see strong import shipments of torque spanners, with top exporting countries in 2024 being the USA, Panama, UK, Germany, and Netherlands. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained very high in 2024, indicating a competitive market landscape. The compound annual growth rate (CAGR) for the period 2020-2024 was an impressive 11.05%, with a notable growth rate of 35.09% from 2023 to 2024. These trends suggest a robust demand for torque spanners in Grenada, driven by imports from key 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 Torque Spanners Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Torque Spanners Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Torque Spanners Market - Industry Life Cycle |
3.4 Grenada Torque Spanners Market - Porter's Five Forces |
3.5 Grenada Torque Spanners Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Torque Spanners Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Torque Spanners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision tools in industries such as automotive, aerospace, and manufacturing |
4.2.2 Emphasis on quality control and accuracy in mechanical operations |
4.2.3 Growing awareness about the importance of torque tools in preventing over-tightening or under-tightening of fasteners |
4.3 Market Restraints |
4.3.1 High initial cost of torque spanners compared to traditional tools |
4.3.2 Limited availability of skilled professionals who can effectively use torque spanners |
4.3.3 Competition from substitute tools or methods for achieving similar results in torque application |
5 Grenada Torque Spanners Market Trends |
6 Grenada Torque Spanners Market Segmentations |
6.1 Grenada Torque Spanners Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Torque Spanners Market Revenues & Volume, By Manual Torque Spanner, 2021-2031F |
6.1.3 Grenada Torque Spanners Market Revenues & Volume, By Pneumatic Torque Spanner, 2021-2031F |
6.1.4 Grenada Torque Spanners Market Revenues & Volume, By Electronic Torque Spanner, 2021-2031F |
6.2 Grenada Torque Spanners Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Torque Spanners Market Revenues & Volume, By Automotive, Engineering & Construction, 2021-2031F |
6.2.3 Grenada Torque Spanners Market Revenues & Volume, By Shipping & Aerospace, 2021-2031F |
6.2.4 Grenada Torque Spanners Market Revenues & Volume, By Other, 2021-2031F |
7 Grenada Torque Spanners Market Import-Export Trade Statistics |
7.1 Grenada Torque Spanners Market Export to Major Countries |
7.2 Grenada Torque Spanners Market Imports from Major Countries |
8 Grenada Torque Spanners Market Key Performance Indicators |
8.1 Rate of adoption of torque spanners in industries |
8.2 Number of training programs or certifications related to torque tool usage |
8.3 Frequency of product innovations and technological advancements in torque spanners |
9 Grenada Torque Spanners Market - Opportunity Assessment |
9.1 Grenada Torque Spanners Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Torque Spanners Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Torque Spanners Market - Competitive Landscape |
10.1 Grenada Torque Spanners Market Revenue Share, By Companies, 2024 |
10.2 Grenada Torque Spanners Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |