Latvia Bicycle Market (2025-2031) | Analysis, Companies, Industry, Trends, Growth, Size, Outlook, Segmentation, Revenue, Value, Forecast & Share

Name: Latvia Bicycle Market (2025-2031) | Companies & Industry
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Bicycle Market, Latvia Bicycle Market, Latvia Bicycle Market Revenues, Latvia Bicycle Market Share, Latvia Bicycle Market Size, Latvia Bicycle Market Outlook, Latvia Bicycle Market Report, Latvia Bicycle Market Competition, Latvia Bicycle Market Overview, Latvia Bicycle Market Trends, Latvia Bicycle Market Forecast

Market Forecast By Product (Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes, Others), By Technology (Electric, Conventional), By End-user (Men, Women, Kids), By Distribution Channel (Online, Offline) And Competitive Landscape

Product Code: ETC4929167	Publication Date: Nov 2023	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Shubham Padhi	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Latvia Bicycle Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The Latvia bicycle import market experienced significant growth in 2024, with top exporting countries being Netherlands, Poland, Czechia, Germany, and Austria. The market concentration increased from moderate to high, indicating a more competitive landscape. The impressive Compound Annual Growth Rate (CAGR) of 12.5% from 2020 to 2024, coupled with a remarkable growth rate of 31.4% in 2024, highlights the increasing demand for bicycles in Latvia and suggests a promising outlook for the industry in the coming years.

Latvia Bicycle Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Bicycle Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

In the Europe region, the Bicycle market in Latvia is projected to expand at a stable growth rate of 3.84% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

Bicycle Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

Key Highlights of the Report:

Latvia Bicycle Market Outlook
Market Size of Latvia Bicycle Market, 2024
Forecast of Latvia Bicycle Market, 2031
Historical Data and Forecast of Latvia Bicycle Revenues & Volume for the Period 2021-2031
Latvia Bicycle Market Trend Evolution
Latvia Bicycle Market Drivers and Challenges
Latvia Bicycle Price Trends
Latvia Bicycle Porter`s Five Forces
Latvia Bicycle Industry Life Cycle
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Product for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Mountain Bikes for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Hybrid Bikes for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Road Bikes for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Cargo Bikes for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Technology for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Electric for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Conventional for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By End-user for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Men for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Women for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Kids for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Distribution Channel for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Online for the Period 2021-2031
Historical Data and Forecast of Latvia Bicycle Market Revenues & Volume By Offline for the Period 2021-2031
Latvia Bicycle Import Export Trade Statistics
Market Opportunity Assessment By Product
Market Opportunity Assessment By Technology
Market Opportunity Assessment By End-user
Market Opportunity Assessment By Distribution Channel
Latvia Bicycle Top Companies Market Share
Latvia Bicycle Competitive Benchmarking By Technical and Operational Parameters
Latvia Bicycle Company Profiles
Latvia Bicycle Key Strategic Recommendations

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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 Bicycle Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Bicycle Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Bicycle Market - Industry Life Cycle

3.4 Latvia Bicycle Market - Porter's Five Forces

3.5 Latvia Bicycle Market Revenues & Volume Share, By Product, 2021 & 2031F

3.6 Latvia Bicycle Market Revenues & Volume Share, By Technology, 2021 & 2031F

3.7 Latvia Bicycle Market Revenues & Volume Share, By End-user, 2021 & 2031F

3.8 Latvia Bicycle Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F

4 Latvia Bicycle Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing awareness about health and environmental benefits of cycling

4.2.2 Government initiatives promoting cycling infrastructure and facilities

4.2.3 Growing trend towards sustainable transportation options

4.2.4 Rise in popularity of cycling as a recreational activity

4.2.5 Technological advancements leading to innovative bike designs and features

4.3 Market Restraints

4.3.1 Seasonal weather conditions affecting cycling habits

4.3.2 High initial cost of purchasing bicycles and related accessories

4.3.3 Limited availability of dedicated cycling lanes in urban areas

4.3.4 Safety concerns related to sharing roads with motor vehicles

4.3.5 Cultural preferences favoring other modes of transportation over cycling

5 Latvia Bicycle Market Trends

6 Latvia Bicycle Market Segmentations

6.1 Latvia Bicycle Market, By Product

6.1.1 Overview and Analysis

6.1.2 Latvia Bicycle Market Revenues & Volume, By Mountain Bikes, 2021-2031F

6.1.3 Latvia Bicycle Market Revenues & Volume, By Hybrid Bikes, 2021-2031F

6.1.4 Latvia Bicycle Market Revenues & Volume, By Road Bikes, 2021-2031F

6.1.5 Latvia Bicycle Market Revenues & Volume, By Cargo Bikes, 2021-2031F

6.1.6 Latvia Bicycle Market Revenues & Volume, By Others, 2021-2031F

6.2 Latvia Bicycle Market, By Technology

6.2.1 Overview and Analysis

6.2.2 Latvia Bicycle Market Revenues & Volume, By Electric, 2021-2031F

6.2.3 Latvia Bicycle Market Revenues & Volume, By Conventional, 2021-2031F

6.3 Latvia Bicycle Market, By End-user

6.3.1 Overview and Analysis

6.3.2 Latvia Bicycle Market Revenues & Volume, By Men, 2021-2031F

6.3.3 Latvia Bicycle Market Revenues & Volume, By Women, 2021-2031F

6.3.4 Latvia Bicycle Market Revenues & Volume, By Kids, 2021-2031F

6.4 Latvia Bicycle Market, By Distribution Channel

6.4.1 Overview and Analysis

6.4.2 Latvia Bicycle Market Revenues & Volume, By Online, 2021-2031F

6.4.3 Latvia Bicycle Market Revenues & Volume, By Offline, 2021-2031F

7 Latvia Bicycle Market Import-Export Trade Statistics

7.1 Latvia Bicycle Market Export to Major Countries

7.2 Latvia Bicycle Market Imports from Major Countries

8 Latvia Bicycle Market Key Performance Indicators

8.1 Number of cycling events and initiatives organized in Latvia

8.2 Percentage increase in bicycle rental services usage

8.3 Growth in the number of bike-sharing programs in major cities

8.4 Adoption rate of electric bicycles in the market

8.5 Number of cycling-related apps downloaded by users in Latvia

9 Latvia Bicycle Market - Opportunity Assessment

9.1 Latvia Bicycle Market Opportunity Assessment, By Product, 2021 & 2031F

9.2 Latvia Bicycle Market Opportunity Assessment, By Technology, 2021 & 2031F

9.3 Latvia Bicycle Market Opportunity Assessment, By End-user, 2021 & 2031F

9.4 Latvia Bicycle Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F

10 Latvia Bicycle Market - Competitive Landscape

10.1 Latvia Bicycle Market Revenue Share, By Companies, 2024

10.2 Latvia Bicycle Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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