| Product Code: ETC12713653 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The agricultural electric vehicles import market in Latvia saw significant growth in 2024, with top exporting countries being Estonia, Germany, Lithuania, Czechia, and the Netherlands. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive compound annual growth rate (CAGR) of 61.19% from 2020 to 2024, along with a remarkable growth rate of 123.88% from 2023 to 2024, highlights the increasing demand for electric vehicles in Latvia`s agricultural sector. This trend signifies a strong potential for further expansion and development in the coming years.

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 Agricultural Electric Vehicles Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Agricultural Electric Vehicles Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Agricultural Electric Vehicles Market - Industry Life Cycle |
3.4 Latvia Agricultural Electric Vehicles Market - Porter's Five Forces |
3.5 Latvia Agricultural Electric Vehicles Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Latvia Agricultural Electric Vehicles Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.7 Latvia Agricultural Electric Vehicles Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Agricultural Electric Vehicles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and subsidies for adopting electric vehicles in agriculture |
4.2.2 Increasing focus on environmental sustainability and reducing carbon footprint |
4.2.3 Technological advancements in electric vehicle technology for agriculture |
4.3 Market Restraints |
4.3.1 High initial costs of agricultural electric vehicles compared to traditional vehicles |
4.3.2 Limited charging infrastructure in rural areas |
4.3.3 Concerns regarding the range and performance of electric vehicles in agricultural operations |
5 Latvia Agricultural Electric Vehicles Market Trends |
6 Latvia Agricultural Electric Vehicles Market, By Types |
6.1 Latvia Agricultural Electric Vehicles Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Agricultural Electric Vehicles Market Revenues & Volume, By Vehicle Type, 2021 - 2031F |
6.1.3 Latvia Agricultural Electric Vehicles Market Revenues & Volume, By Tractors, 2021 - 2031F |
6.1.4 Latvia Agricultural Electric Vehicles Market Revenues & Volume, By Harvesters, 2021 - 2031F |
6.1.5 Latvia Agricultural Electric Vehicles Market Revenues & Volume, By Sprayers, 2021 - 2031F |
6.1.6 Latvia Agricultural Electric Vehicles Market Revenues & Volume, By Utility Vehicles (ATVs, UTVs), 2021 - 2031F |
6.2 Latvia Agricultural Electric Vehicles Market, By Power Source |
6.2.1 Overview and Analysis |
6.2.2 Latvia Agricultural Electric Vehicles Market Revenues & Volume, By Lithium-Ion Batteries, 2021 - 2031F |
6.2.3 Latvia Agricultural Electric Vehicles Market Revenues & Volume, By Lead Acid Batteries, 2021 - 2031F |
6.2.4 Latvia Agricultural Electric Vehicles Market Revenues & Volume, By Solar-Powered Vehicles, 2021 - 2031F |
6.3 Latvia Agricultural Electric Vehicles Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Agricultural Electric Vehicles Market Revenues & Volume, By Large-scale Farms, 2021 - 2031F |
6.3.3 Latvia Agricultural Electric Vehicles Market Revenues & Volume, By Organic Farms, 2021 - 2031F |
6.3.4 Latvia Agricultural Electric Vehicles Market Revenues & Volume, By Agricultural Equipment Leasing Companies, 2021 - 2031F |
7 Latvia Agricultural Electric Vehicles Market Import-Export Trade Statistics |
7.1 Latvia Agricultural Electric Vehicles Market Export to Major Countries |
7.2 Latvia Agricultural Electric Vehicles Market Imports from Major Countries |
8 Latvia Agricultural Electric Vehicles Market Key Performance Indicators |
8.1 Average distance traveled per charge |
8.2 Number of charging stations in rural areas |
8.3 Adoption rate of agricultural electric vehicles among farmers |
9 Latvia Agricultural Electric Vehicles Market - Opportunity Assessment |
9.1 Latvia Agricultural Electric Vehicles Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Latvia Agricultural Electric Vehicles Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.3 Latvia Agricultural Electric Vehicles Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Agricultural Electric Vehicles Market - Competitive Landscape |
10.1 Latvia Agricultural Electric Vehicles Market Revenue Share, By Companies, 2024 |
10.2 Latvia Agricultural Electric Vehicles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |