| Product Code: ETC5123199 | 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 |
The import shipments of hand tools and woodworking tools to Grenada in 2024 continued to be dominated by key exporters such as the USA, Trinidad and Tobago, Canada, Hong Kong, and China. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained significantly high, indicating a concentrated market structure. The impressive compound annual growth rate (CAGR) of 11.24% from 2020 to 2024 highlights the growing demand for these tools in Grenada. Moreover, the notable growth rate of 14.03% from 2023 to 2024 suggests a continual upward trajectory in the importation of these tools, reflecting a positive outlook for the industry.
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 Hand Tools & Woodworking Tools Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Hand Tools & Woodworking Tools Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Hand Tools & Woodworking Tools Market - Industry Life Cycle |
3.4 Grenada Hand Tools & Woodworking Tools Market - Porter's Five Forces |
3.5 Grenada Hand Tools & Woodworking Tools Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Hand Tools & Woodworking Tools Market Revenues & Volume Share, By End-User, 2021 & 2031F |
3.7 Grenada Hand Tools & Woodworking Tools Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Hand Tools & Woodworking Tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Hand Tools & Woodworking Tools Market Trends |
6 Grenada Hand Tools & Woodworking Tools Market Segmentations |
6.1 Grenada Hand Tools & Woodworking Tools Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Hand Tools & Woodworking Tools Market Revenues & Volume, By Wrenches, 2021-2031F |
6.1.3 Grenada Hand Tools & Woodworking Tools Market Revenues & Volume, By Chisels, 2021-2031F |
6.1.4 Grenada Hand Tools & Woodworking Tools Market Revenues & Volume, By Hammers, 2021-2031F |
6.1.5 Grenada Hand Tools & Woodworking Tools Market Revenues & Volume, By Saws, 2021-2031F |
6.1.6 Grenada Hand Tools & Woodworking Tools Market Revenues & Volume, By Screwdrivers, 2021-2031F |
6.1.7 Grenada Hand Tools & Woodworking Tools Market Revenues & Volume, By Pliers, 2021-2031F |
6.2 Grenada Hand Tools & Woodworking Tools Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Grenada Hand Tools & Woodworking Tools Market Revenues & Volume, By Professional, 2021-2031F |
6.2.3 Grenada Hand Tools & Woodworking Tools Market Revenues & Volume, By Residential/DIY, 2021-2031F |
6.3 Grenada Hand Tools & Woodworking Tools Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Hand Tools & Woodworking Tools Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 Grenada Hand Tools & Woodworking Tools Market Revenues & Volume, By Retail/Offline, 2021-2031F |
7 Grenada Hand Tools & Woodworking Tools Market Import-Export Trade Statistics |
7.1 Grenada Hand Tools & Woodworking Tools Market Export to Major Countries |
7.2 Grenada Hand Tools & Woodworking Tools Market Imports from Major Countries |
8 Grenada Hand Tools & Woodworking Tools Market Key Performance Indicators |
9 Grenada Hand Tools & Woodworking Tools Market - Opportunity Assessment |
9.1 Grenada Hand Tools & Woodworking Tools Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Hand Tools & Woodworking Tools Market Opportunity Assessment, By End-User, 2021 & 2031F |
9.3 Grenada Hand Tools & Woodworking Tools Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Hand Tools & Woodworking Tools Market - Competitive Landscape |
10.1 Grenada Hand Tools & Woodworking Tools Market Revenue Share, By Companies, 2024 |
10.2 Grenada Hand Tools & Woodworking 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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