| Product Code: ETC7383083 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of used construction equipment to Grenada saw significant growth in 2024, with top exporting countries including USA, Saint Lucia, Trinidad and Tobago, China, and the UK. The market concentration, as measured by the HHI, remained high in 2024, indicating a competitive landscape. With a strong Compound Annual Growth Rate (CAGR) of 14.43% from 2020 to 2024 and a notable growth rate of 27.47% from 2023 to 2024, the construction equipment market in Grenada is showing promising expansion and attracting diverse international suppliers.
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 Used Construction Equipment Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Used Construction Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Used Construction Equipment Market - Industry Life Cycle |
3.4 Grenada Used Construction Equipment Market - Porter's Five Forces |
3.5 Grenada Used Construction Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Used Construction Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Used Construction Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in construction activities in Grenada |
4.2.2 Increasing demand for cost-effective construction equipment |
4.2.3 Rise in infrastructure development projects |
4.3 Market Restraints |
4.3.1 High maintenance costs of used construction equipment |
4.3.2 Limited availability of quality used construction equipment in the market |
5 Grenada Used Construction Equipment Market Trends |
6 Grenada Used Construction Equipment Market, By Types |
6.1 Grenada Used Construction Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Used Construction Equipment Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Used Construction Equipment Market Revenues & Volume, By Earthmoving Equipment, 2021- 2031F |
6.1.4 Grenada Used Construction Equipment Market Revenues & Volume, By Road Construction Equipment, 2021- 2031F |
6.1.5 Grenada Used Construction Equipment Market Revenues & Volume, By Material Handling Equipment, 2021- 2031F |
6.2 Grenada Used Construction Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Used Construction Equipment Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.3 Grenada Used Construction Equipment Market Revenues & Volume, By Manufacturing, 2021- 2031F |
6.2.4 Grenada Used Construction Equipment Market Revenues & Volume, By Mining, 2021- 2031F |
6.2.5 Grenada Used Construction Equipment Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Used Construction Equipment Market Import-Export Trade Statistics |
7.1 Grenada Used Construction Equipment Market Export to Major Countries |
7.2 Grenada Used Construction Equipment Market Imports from Major Countries |
8 Grenada Used Construction Equipment Market Key Performance Indicators |
8.1 Average age of used construction equipment in the market |
8.2 Percentage of construction companies opting for used equipment over new equipment |
8.3 Utilization rate of used construction equipment in ongoing projects |
9 Grenada Used Construction Equipment Market - Opportunity Assessment |
9.1 Grenada Used Construction Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Used Construction Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Used Construction Equipment Market - Competitive Landscape |
10.1 Grenada Used Construction Equipment Market Revenue Share, By Companies, 2024 |
10.2 Grenada Used Construction Equipment 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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