| Product Code: ETC5171212 | 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 heavily rely on imports of carbide tools, with top exporting countries being the USA, UK, Trinidad and Tobago, Areas, nes, and Metropolitan France. Despite a high concentration with a very high Herfindahl-Hirschman Index (HHI), the market experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -18.93% from 2020 to 2024. The growth rate plummeted even further in 2024, showing a decline of -41.51% compared to the previous year. This indicates a challenging landscape for carbide tool imports in Grenada.
The Carbide Tools market in Grenada is projected to grow at a stable growth rate of 2.70% by 2027, highlighting the country's increasing focus on advanced technologies within the North America region, where United States of America holds the dominant position, followed closely by Canada, Trinidad and Tobago, Jamaica and Bahamas, shaping overall regional demand.

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 Carbide Tools Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Carbide Tools Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Carbide Tools Market - Industry Life Cycle |
3.4 Grenada Carbide Tools Market - Porter's Five Forces |
3.5 Grenada Carbide Tools Market Revenues & Volume Share, By Tool Type, 2021 & 2031F |
3.6 Grenada Carbide Tools Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.7 Grenada Carbide Tools Market Revenues & Volume Share, By Fabrication, 2021 & 2031F |
3.8 Grenada Carbide Tools Market Revenues & Volume Share, By Configuration, 2021 & 2031F |
4 Grenada Carbide Tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Carbide Tools Market Trends |
6 Grenada Carbide Tools Market Segmentations |
6.1 Grenada Carbide Tools Market, By Tool Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Carbide Tools Market Revenues & Volume, By Circular Saw Blades, 2021-2031F |
6.1.3 Grenada Carbide Tools Market Revenues & Volume, By CNC Inserts, 2021-2031F |
6.1.4 Grenada Carbide Tools Market Revenues & Volume, By Router Bits, 2021-2031F |
6.1.5 Grenada Carbide Tools Market Revenues & Volume, By Cutters, 2021-2031F |
6.1.6 Grenada Carbide Tools Market Revenues & Volume, By Mills, 2021-2031F |
6.1.7 Grenada Carbide Tools Market Revenues & Volume, By Tap & Dies, 2021-2031F |
6.2 Grenada Carbide Tools Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Grenada Carbide Tools Market Revenues & Volume, By Metal Fabrication, 2021-2031F |
6.2.3 Grenada Carbide Tools Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.4 Grenada Carbide Tools Market Revenues & Volume, By Heavy Machinery, 2021-2031F |
6.2.5 Grenada Carbide Tools Market Revenues & Volume, By Construction, 2021-2031F |
6.2.6 Grenada Carbide Tools Market Revenues & Volume, By Furniture & Carpentry, 2021-2031F |
6.2.7 Grenada Carbide Tools Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3 Grenada Carbide Tools Market, By Fabrication |
6.3.1 Overview and Analysis |
6.3.2 Grenada Carbide Tools Market Revenues & Volume, By Coated, 2021-2031F |
6.3.3 Grenada Carbide Tools Market Revenues & Volume, By Non-coated, 2021-2031F |
6.4 Grenada Carbide Tools Market, By Configuration |
6.4.1 Overview and Analysis |
6.4.2 Grenada Carbide Tools Market Revenues & Volume, By Hand-based, 2021-2031F |
6.4.3 Grenada Carbide Tools Market Revenues & Volume, By Machine-based, 2021-2031F |
7 Grenada Carbide Tools Market Import-Export Trade Statistics |
7.1 Grenada Carbide Tools Market Export to Major Countries |
7.2 Grenada Carbide Tools Market Imports from Major Countries |
8 Grenada Carbide Tools Market Key Performance Indicators |
9 Grenada Carbide Tools Market - Opportunity Assessment |
9.1 Grenada Carbide Tools Market Opportunity Assessment, By Tool Type, 2021 & 2031F |
9.2 Grenada Carbide Tools Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.3 Grenada Carbide Tools Market Opportunity Assessment, By Fabrication, 2021 & 2031F |
9.4 Grenada Carbide Tools Market Opportunity Assessment, By Configuration, 2021 & 2031F |
10 Grenada Carbide Tools Market - Competitive Landscape |
10.1 Grenada Carbide Tools Market Revenue Share, By Companies, 2024 |
10.2 Grenada Carbide Tools 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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