| Product Code: ETC5909890 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Latvia Coordinate Measuring Machine (CMM) import market in 2024 saw significant contributions from top exporting countries such as Germany, Poland, China, Lithuania, and Finland. Despite a negative Compound Annual Growth Rate (CAGR) of -2.85% from 2020-2024 and a decline in growth rate of -11.95% from 2023-2024, the Herfindahl-Hirschman Index (HHI) remained at low concentration levels. This indicates a diverse market landscape with no single dominant player, offering opportunities for various suppliers to compete and thrive in the Latvia CMM import market.

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 Latvia Coordinate Measuring Machine (CMM) Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Coordinate Measuring Machine (CMM) Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Coordinate Measuring Machine (CMM) Market - Industry Life Cycle |
3.4 Latvia Coordinate Measuring Machine (CMM) Market - Porter's Five Forces |
3.5 Latvia Coordinate Measuring Machine (CMM) Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Coordinate Measuring Machine (CMM) Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Latvia Coordinate Measuring Machine (CMM) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision engineering in industries like automotive, aerospace, and electronics. |
4.2.2 Growing emphasis on quality control and inspection processes in manufacturing sectors. |
4.2.3 Technological advancements leading to the development of more accurate and efficient CMMs. |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with CMMs. |
4.3.2 Lack of skilled professionals to operate and maintain coordinate measuring machines effectively. |
4.3.3 Competition from alternative measurement technologies such as portable CMMs and optical scanners. |
5 Latvia Coordinate Measuring Machine (CMM) Market Trends |
6 Latvia Coordinate Measuring Machine (CMM) Market Segmentations |
6.1 Latvia Coordinate Measuring Machine (CMM) Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Coordinate Measuring Machine (CMM) Market Revenues & Volume, By Fixed CMM, 2021-2031F | 6.1.4 Latvia Coordinate Measuring Machine (CMM) Market Revenues & Volume, By Portable CMM, 2021-2031F |
6.2 Latvia Coordinate Measuring Machine (CMM) Market, By Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Coordinate Measuring Machine (CMM) Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Latvia Coordinate Measuring Machine (CMM) Market Revenues & Volume, By Aerospace, 2021-2031F |
6.2.4 Latvia Coordinate Measuring Machine (CMM) Market Revenues & Volume, By Heavy Machinery, 2021-2031F |
6.2.5 Latvia Coordinate Measuring Machine (CMM) Market Revenues & Volume, By Energy & Power, 2021-2031F |
6.2.6 Latvia Coordinate Measuring Machine (CMM) Market Revenues & Volume, By Electronics, 2021-2031F |
6.2.7 Latvia Coordinate Measuring Machine (CMM) Market Revenues & Volume, By Medical, 2021-2031F |
7 Latvia Coordinate Measuring Machine (CMM) Market Import-Export Trade Statistics |
7.1 Latvia Coordinate Measuring Machine (CMM) Market Export to Major Countries |
7.2 Latvia Coordinate Measuring Machine (CMM) Market Imports from Major Countries |
8 Latvia Coordinate Measuring Machine (CMM) Market Key Performance Indicators |
8.1 Average utilization rate of CMMs in manufacturing facilities. |
8.2 Rate of adoption of advanced CMM technologies in Latvian industries. |
8.3 Number of training programs and certifications for CMM operators in Latvia. |
9 Latvia Coordinate Measuring Machine (CMM) Market - Opportunity Assessment |
9.1 Latvia Coordinate Measuring Machine (CMM) Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Coordinate Measuring Machine (CMM) Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Latvia Coordinate Measuring Machine (CMM) Market - Competitive Landscape |
10.1 Latvia Coordinate Measuring Machine (CMM) Market Revenue Share, By Companies, 2024 |
10.2 Latvia Coordinate Measuring Machine (CMM) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |