| Product Code: ETC7371210 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada`s gear manufacturing import shipments continued to show strong growth, with a notable CAGR of 23.79% from 2020 to 2024. Despite a slight decline in growth rate from 2023 to 2024 at -9.6%, the market remained highly concentrated with a high Herfindahl-Hirschman Index (HHI). Key exporting countries to Grenada included the USA, Marshall Islands, Japan, UK, and UAE, indicating a diverse range of sources for gear imports. Continued monitoring of market trends and competition dynamics will be crucial for stakeholders in the Grenada gear manufacturing sector.
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 Gear Manufacturing Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Gear Manufacturing Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Gear Manufacturing Market - Industry Life Cycle |
3.4 Grenada Gear Manufacturing Market - Porter's Five Forces |
3.5 Grenada Gear Manufacturing Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Gear Manufacturing Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Gear Manufacturing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automotive gears due to growth in the automotive industry |
4.2.2 Technological advancements leading to more efficient gear manufacturing processes |
4.2.3 Rising focus on renewable energy sources driving demand for gears in wind turbines |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from international gear manufacturers |
4.3.3 Regulatory challenges related to environmental standards and labor laws |
5 Grenada Gear Manufacturing Market Trends |
6 Grenada Gear Manufacturing Market, By Types |
6.1 Grenada Gear Manufacturing Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Gear Manufacturing Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Gear Manufacturing Market Revenues & Volume, By Worm Gear, 2021- 2031F |
6.1.4 Grenada Gear Manufacturing Market Revenues & Volume, By Bevel Gear, 2021- 2031F |
6.1.5 Grenada Gear Manufacturing Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Gear Manufacturing Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Grenada Gear Manufacturing Market Revenues & Volume, By Oil and Gas industry, 2021- 2031F |
6.2.3 Grenada Gear Manufacturing Market Revenues & Volume, By Power Industry, 2021- 2031F |
6.2.4 Grenada Gear Manufacturing Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.5 Grenada Gear Manufacturing Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Gear Manufacturing Market Import-Export Trade Statistics |
7.1 Grenada Gear Manufacturing Market Export to Major Countries |
7.2 Grenada Gear Manufacturing Market Imports from Major Countries |
8 Grenada Gear Manufacturing Market Key Performance Indicators |
8.1 Average lead time for gear manufacturing |
8.2 Percentage of defects in manufactured gears |
8.3 Employee productivity in gear production |
8.4 Adoption rate of new gear manufacturing technologies |
8.5 Customer satisfaction levels with gear quality and delivery timelines |
9 Grenada Gear Manufacturing Market - Opportunity Assessment |
9.1 Grenada Gear Manufacturing Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Gear Manufacturing Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Gear Manufacturing Market - Competitive Landscape |
10.1 Grenada Gear Manufacturing Market Revenue Share, By Companies, 2024 |
10.2 Grenada Gear Manufacturing 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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