Product Code: ETC4929167 | Publication Date: Nov 2023 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The Latvia Bicycle Market is projected to witness mixed growth rate patterns during 2025 to 2029. Commencing at 2.50% in 2025, growth builds up to 14.39% by 2029.
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.
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 |