| Product Code: ETC5364860 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The wood lathe import market in Grenada in 2024 continued to be dominated by key countries like the USA, Trinidad and Tobago, UK, China, and Canada. Despite a significant negative compound annual growth rate (CAGR) of -27.88% from 2020 to 2024, the market experienced a sharp decline in growth rate from 2023 to 2024 at -68.05%. The high concentration of the Herfindahl-Hirschman Index (HHI) indicates a competitive market landscape, suggesting potential challenges and opportunities for importers and manufacturers in the wood lathe industry in Grenada.
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 Wood Lathe Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Wood Lathe Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Wood Lathe Market - Industry Life Cycle |
3.4 Grenada Wood Lathe Market - Porter's Five Forces |
3.5 Grenada Wood Lathe Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Wood Lathe Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Wood Lathe Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for handmade and artisanal wood products |
4.2.2 Increasing interest in woodworking as a hobby or craft |
4.2.3 Rise in DIY culture and demand for customized wood products |
4.3 Market Restraints |
4.3.1 High initial cost of wood lathes and associated equipment |
4.3.2 Limited availability of skilled woodworkers |
4.3.3 Competition from mass-produced wood products |
5 Grenada Wood Lathe Market Trends |
6 Grenada Wood Lathe Market Segmentations |
6.1 Grenada Wood Lathe Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Wood Lathe Market Revenues & Volume, By Mini Wood Lathe, 2021-2031F |
6.1.3 Grenada Wood Lathe Market Revenues & Volume, By Midi Wood Lathe, 2021-2031F |
6.1.4 Grenada Wood Lathe Market Revenues & Volume, By Full Sized Wood Lathe, 2021-2031F |
6.2 Grenada Wood Lathe Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Wood Lathe Market Revenues & Volume, By Wood Processing, 2021-2031F |
6.2.3 Grenada Wood Lathe Market Revenues & Volume, By Craft, 2021-2031F |
6.2.4 Grenada Wood Lathe Market Revenues & Volume, By Personal Use, 2021-2031F |
6.2.5 Grenada Wood Lathe Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Wood Lathe Market Import-Export Trade Statistics |
7.1 Grenada Wood Lathe Market Export to Major Countries |
7.2 Grenada Wood Lathe Market Imports from Major Countries |
8 Grenada Wood Lathe Market Key Performance Indicators |
8.1 Number of woodworking classes or workshops in Grenada |
8.2 Percentage of households engaged in DIY woodworking projects |
8.3 Growth in the number of local woodworking businesses offering lathe services |
9 Grenada Wood Lathe Market - Opportunity Assessment |
9.1 Grenada Wood Lathe Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Wood Lathe Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Wood Lathe Market - Competitive Landscape |
10.1 Grenada Wood Lathe Market Revenue Share, By Companies, 2024 |
10.2 Grenada Wood Lathe 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.
To discover high-growth global markets and optimize your business strategy:
Click Here