| Product Code: ETC5845252 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Latvia continued to see a significant influx of riflescopes imports from top exporting countries such as Germany, Israel, Sweden, Netherlands, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market with these key players dominating the shipments. Despite a slight decrease in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) remained impressive at 24.25% over the 4-year period. This data suggests a sustained interest and demand for riflescopes in Latvia, with established trade relationships driving the market forward.
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 Riflescopes Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Riflescopes Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Riflescopes Market - Industry Life Cycle |
3.4 Latvia Riflescopes Market - Porter's Five Forces |
3.5 Latvia Riflescopes Market Revenues & Volume Share, By Magnification, 2021 & 2031F |
3.6 Latvia Riflescopes Market Revenues & Volume Share, By Sight Type, 2021 & 2031F |
3.7 Latvia Riflescopes Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Riflescopes Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.9 Latvia Riflescopes Market Revenues & Volume Share, By Weapon Compatibility, 2021 & 2031F |
3.10 Latvia Riflescopes Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.11 Latvia Riflescopes Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Riflescopes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing interest in hunting and shooting sports in Latvia |
4.2.2 Technological advancements in riflescopes leading to improved performance |
4.2.3 Growing popularity of long-range shooting competitions |
4.3 Market Restraints |
4.3.1 Stringent regulations on gun ownership and usage in Latvia |
4.3.2 Economic uncertainty impacting consumer spending on recreational activities |
5 Latvia Riflescopes Market Trends |
6 Latvia Riflescopes Market Segmentations |
6.1 Latvia Riflescopes Market, By Magnification |
6.1.1 Overview and Analysis |
6.1.2 Latvia Riflescopes Market Revenues & Volume, By 1-8x, 2021-2031F |
6.1.3 Latvia Riflescopes Market Revenues & Volume, By 8-15x, 2021-2031F |
6.1.4 Latvia Riflescopes Market Revenues & Volume, By > 15x, 2021-2031F |
6.2 Latvia Riflescopes Market, By Sight Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Riflescopes Market Revenues & Volume, By Telescopic, 2021-2031F |
6.2.3 Latvia Riflescopes Market Revenues & Volume, By Reflex, 2021-2031F |
6.3 Latvia Riflescopes Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Riflescopes Market Revenues & Volume, By Armed Forces, 2021-2031F |
6.3.3 Latvia Riflescopes Market Revenues & Volume, By Hunting, 2021-2031F |
6.3.4 Latvia Riflescopes Market Revenues & Volume, By Shooting Sports, 2021-2031F |
6.4 Latvia Riflescopes Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 Latvia Riflescopes Market Revenues & Volume, By Electro-optic/Infrared, 2021-2031F |
6.4.3 Latvia Riflescopes Market Revenues & Volume, By Thermal Imaging, 2021-2031F |
6.4.4 Latvia Riflescopes Market Revenues & Volume, By Laser, 2021-2031F |
6.5 Latvia Riflescopes Market, By Weapon Compatibility |
6.5.1 Overview and Analysis |
6.5.2 Latvia Riflescopes Market Revenues & Volume, By Sniper Rifles, 2021-2031F |
6.5.3 Latvia Riflescopes Market Revenues & Volume, By Automatic Rifles, 2021-2031F |
6.6 Latvia Riflescopes Market, By Function |
6.6.1 Overview and Analysis |
6.6.2 Latvia Riflescopes Market Revenues & Volume, By Day Sights, 2021-2031F |
6.6.3 Latvia Riflescopes Market Revenues & Volume, By Night Sights, 2021-2031F |
6.7 Latvia Riflescopes Market, By End Use |
6.7.1 Overview and Analysis |
6.7.2 Latvia Riflescopes Market Revenues & Volume, By Defense, 2021-2031F |
6.7.3 Latvia Riflescopes Market Revenues & Volume, By Commercial, 2021-2031F |
6.8 Latvia Riflescopes Market, By Range |
6.8.1 Overview and Analysis |
6.8.2 Latvia Riflescopes Market Revenues & Volume, By Short (50 to 100 yards), 2021-2031F |
6.8.3 Latvia Riflescopes Market Revenues & Volume, By Medium (100 to 500 yards), 2021-2031F |
6.8.4 Latvia Riflescopes Market Revenues & Volume, By , 2021-2031F |
7 Latvia Riflescopes Market Import-Export Trade Statistics |
7.1 Latvia Riflescopes Market Export to Major Countries |
7.2 Latvia Riflescopes Market Imports from Major Countries |
8 Latvia Riflescopes Market Key Performance Indicators |
8.1 Number of participants in hunting and shooting sports events |
8.2 Percentage of Latvian population involved in outdoor recreational activities |
8.3 Adoption rate of advanced riflescopes technologies |
9 Latvia Riflescopes Market - Opportunity Assessment |
9.1 Latvia Riflescopes Market Opportunity Assessment, By Magnification, 2021 & 2031F |
9.2 Latvia Riflescopes Market Opportunity Assessment, By Sight Type, 2021 & 2031F |
9.3 Latvia Riflescopes Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Riflescopes Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.5 Latvia Riflescopes Market Opportunity Assessment, By Weapon Compatibility, 2021 & 2031F |
9.6 Latvia Riflescopes Market Opportunity Assessment, By Function, 2021 & 2031F |
9.7 Latvia Riflescopes Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.7 Latvia Riflescopes Market Opportunity Assessment, By Range, 2021 & 2031F |
10 Latvia Riflescopes Market - Competitive Landscape |
10.1 Latvia Riflescopes Market Revenue Share, By Companies, 2024 |
10.2 Latvia Riflescopes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |