| Product Code: ETC4949235 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s window import market continues to thrive, with top suppliers including the USA, Trinidad and Tobago, Japan, Jamaica, and the UK. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market in 2024. Despite a strong compound annual growth rate (CAGR) of 17.79% from 2020-2024, there was a slight decline in growth from 2023-2024 (-14.19%). This data suggests a stable and competitive market environment for window imports in Grenada, with opportunities for further expansion and diversification in the coming years.
The windows market in Grenada is influenced by the growing demand for residential and commercial buildings, driven by the islands increasing construction activities. The market has seen an uptick in the preference for energy-efficient windows, driven by consumer awareness about sustainability and energy conservation. Additionally, the trend of modernizing infrastructure has led to a growing interest in advanced window technologies, such as double-glazed windows and windows with integrated soundproofing features. However, the market is challenged by high costs associated with imported materials, limited local manufacturing capabilities, and logistical issues in transporting these products to Grenadas various regions.
The windows market in Grenada is driven by the construction sector`s growth, particularly in residential and commercial properties. As urbanization continues and tourism infrastructure expands, there is a rising demand for modern and energy-efficient windows. Homeowners and businesses are increasingly focusing on reducing energy costs through the installation of windows that offer better insulation and protection from the tropical climate. Additionally, government initiatives aimed at promoting sustainable building practices, coupled with a growing awareness of environmental issues, are further stimulating the demand for high-performance window solutions in Grenada.
The windows market in Grenada faces several challenges, primarily due to the countrys geographic location and climatic conditions. The need for durable windows that can withstand the region`s frequent tropical storms and high humidity is essential. However, the cost of importing quality materials and manufacturing equipment remains high, leading to increased prices for consumers. Furthermore, local manufacturers often lack access to advanced technologies that can produce energy-efficient or storm-resistant windows, limiting the markets potential. With a growing demand for new homes, the market faces increasing competition from cheaper imported products, which may not always meet the required standards for local conditions.
The windows market in Grenada is primarily influenced by the demand for durable, energy-efficient solutions in residential and commercial buildings. With increasing focus on sustainability and climate resilience, the Grenadian government encourages the use of energy-efficient materials in construction. Policies aimed at improving building codes, promoting green building practices, and reducing carbon emissions are significant drivers of the market. The Grenada National Building Code includes guidelines for energy-efficient designs, which indirectly boost the adoption of energy-saving windows in new constructions and renovations.
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 Windows Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Windows Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Windows Market - Industry Life Cycle |
3.4 Grenada Windows Market - Porter's Five Forces |
3.5 Grenada Windows Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Grenada Windows Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Windows Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Windows Market Trends |
6 Grenada Windows Market Segmentations |
6.1 Grenada Windows Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Grenada Windows Market Revenues & Volume, By uPVC, 2021-2031F |
6.1.3 Grenada Windows Market Revenues & Volume, By Wood, 2021-2031F |
6.1.4 Grenada Windows Market Revenues & Volume, By Metal, 2021-2031F |
6.1.5 Grenada Windows Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Windows Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Windows Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Grenada Windows Market Revenues & Volume, By Commercial, 2021-2031F |
7 Grenada Windows Market Import-Export Trade Statistics |
7.1 Grenada Windows Market Export to Major Countries |
7.2 Grenada Windows Market Imports from Major Countries |
8 Grenada Windows Market Key Performance Indicators |
9 Grenada Windows Market - Opportunity Assessment |
9.1 Grenada Windows Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Grenada Windows Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Windows Market - Competitive Landscape |
10.1 Grenada Windows Market Revenue Share, By Companies, 2024 |
10.2 Grenada Windows 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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