| Product Code: ETC5913200 | 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 |
In 2024, Grenada continued to see a high concentration of touch probe import shipments, with Trinidad and Tobago, USA, China, Canada, and Panama leading the way. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 remained positive at 8.57%. This data suggests a stable and competitive market for touch probe imports in Grenada, with key players maintaining their presence and contributing to the country`s supply chain.
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 Touch Probe Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Touch Probe Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Touch Probe Market - Industry Life Cycle |
3.4 Grenada Touch Probe Market - Porter's Five Forces |
3.5 Grenada Touch Probe Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Touch Probe Market Revenues & Volume Share, By Transmission, 2021 & 2031F |
3.7 Grenada Touch Probe Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Touch Probe Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-precision measurement tools in industries such as automotive, aerospace, and electronics. |
4.2.2 Technological advancements leading to the development of more accurate and efficient touch probes. |
4.2.3 Growing focus on automation and quality control processes in manufacturing industries. |
4.3 Market Restraints |
4.3.1 High initial investment required for purchasing and integrating touch probe systems. |
4.3.2 Technical complexities and skill requirements for the installation and maintenance of touch probes. |
4.3.3 Competition from alternative measurement technologies impacting market penetration. |
5 Grenada Touch Probe Market Trends |
6 Grenada Touch Probe Market Segmentations |
6.1 Grenada Touch Probe Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Touch Probe Market Revenues & Volume, By 3D, 2021-2031F |
6.1.3 Grenada Touch Probe Market Revenues & Volume, By 2D, 2021-2031F |
6.1.4 Grenada Touch Probe Market Revenues & Volume, By Tool-length Measuring, 2021-2031F |
6.1.5 Grenada Touch Probe Market Revenues & Volume, By Tool Touch-off, 2021-2031F |
6.2 Grenada Touch Probe Market, By Transmission |
6.2.1 Overview and Analysis |
6.2.2 Grenada Touch Probe Market Revenues & Volume, By Optical, 2021-2031F |
6.2.3 Grenada Touch Probe Market Revenues & Volume, By Radio, 2021-2031F |
6.2.4 Grenada Touch Probe Market Revenues & Volume, By Hard-wired, 2021-2031F |
6.3 Grenada Touch Probe Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Touch Probe Market Revenues & Volume, By CNC Machining, 2021-2031F |
6.3.3 Grenada Touch Probe Market Revenues & Volume, By CNC Turning, 2021-2031F |
6.3.4 Grenada Touch Probe Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Touch Probe Market Import-Export Trade Statistics |
7.1 Grenada Touch Probe Market Export to Major Countries |
7.2 Grenada Touch Probe Market Imports from Major Countries |
8 Grenada Touch Probe Market Key Performance Indicators |
8.1 Average response time for customer support and service. |
8.2 Rate of adoption of touch probe technology in new industries. |
8.3 Number of patents filed for touch probe innovations. |
8.4 Customer satisfaction scores related to touch probe performance and accuracy. |
8.5 Percentage increase in the use of touch probes in automated manufacturing processes. |
9 Grenada Touch Probe Market - Opportunity Assessment |
9.1 Grenada Touch Probe Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Touch Probe Market Opportunity Assessment, By Transmission, 2021 & 2031F |
9.3 Grenada Touch Probe Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Touch Probe Market - Competitive Landscape |
10.1 Grenada Touch Probe Market Revenue Share, By Companies, 2024 |
10.2 Grenada Touch Probe 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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