| Product Code: ETC7906359 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to import bow and stern thrusters mainly from Poland, Italy, Germany, Lithuania, and China. The market showed a low concentration level with a stable Herfindahl-Hirschman Index (HHI). Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020 to 2024 remained positive at 3.54%. This indicates a steady demand for these products in Latvia, with a diverse range of exporting countries contributing to the 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 Bow and Stern Thrusters Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Bow and Stern Thrusters Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Bow and Stern Thrusters Market - Industry Life Cycle |
3.4 Latvia Bow and Stern Thrusters Market - Porter's Five Forces |
3.5 Latvia Bow and Stern Thrusters Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Bow and Stern Thrusters Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Bow and Stern Thrusters Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
4 Latvia Bow and Stern Thrusters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for luxury yachts and pleasure boats in Latvia |
4.2.2 Growing focus on marine safety regulations and requirements |
4.2.3 Rise in recreational boating activities and water sports in Latvia |
4.3 Market Restraints |
4.3.1 High initial investment and installation costs associated with bow and stern thrusters |
4.3.2 Limited awareness and knowledge about the benefits of bow and stern thrusters among boat owners in Latvia |
5 Latvia Bow and Stern Thrusters Market Trends |
6 Latvia Bow and Stern Thrusters Market, By Types |
6.1 Latvia Bow and Stern Thrusters Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Bow and Stern Thrusters Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Bow and Stern Thrusters Market Revenues & Volume, By Tunnel Bow and Stern Thrusters, 2021- 2031F |
6.1.4 Latvia Bow and Stern Thrusters Market Revenues & Volume, By Externally Mounted Bow and Stern Thrusters, 2021- 2031F |
6.1.5 Latvia Bow and Stern Thrusters Market Revenues & Volume, By Retractable Bow and Stern Thrusters, 2021- 2031F |
6.1.6 Latvia Bow and Stern Thrusters Market Revenues & Volume, By Water Jet Bow and Stern Thrusters, 2021- 2031F |
6.2 Latvia Bow and Stern Thrusters Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Bow and Stern Thrusters Market Revenues & Volume, By Boat, 2021- 2031F |
6.2.3 Latvia Bow and Stern Thrusters Market Revenues & Volume, By Barge, 2021- 2031F |
6.2.4 Latvia Bow and Stern Thrusters Market Revenues & Volume, By Ship, 2021- 2031F |
6.2.5 Latvia Bow and Stern Thrusters Market Revenues & Volume, By Yacht, 2021- 2031F |
6.2.6 Latvia Bow and Stern Thrusters Market Revenues & Volume, By Tugboat, 2021- 2031F |
6.3 Latvia Bow and Stern Thrusters Market, By Power Source |
6.3.1 Overview and Analysis |
6.3.2 Latvia Bow and Stern Thrusters Market Revenues & Volume, By Electric, 2021- 2031F |
6.3.3 Latvia Bow and Stern Thrusters Market Revenues & Volume, By Hydraulic, 2021- 2031F |
7 Latvia Bow and Stern Thrusters Market Import-Export Trade Statistics |
7.1 Latvia Bow and Stern Thrusters Market Export to Major Countries |
7.2 Latvia Bow and Stern Thrusters Market Imports from Major Countries |
8 Latvia Bow and Stern Thrusters Market Key Performance Indicators |
8.1 Number of new yacht and pleasure boat registrations in Latvia |
8.2 Adoption rate of marine safety technologies in the boating industry |
8.3 Frequency of boating events and exhibitions in Latvia |
9 Latvia Bow and Stern Thrusters Market - Opportunity Assessment |
9.1 Latvia Bow and Stern Thrusters Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Bow and Stern Thrusters Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Bow and Stern Thrusters Market Opportunity Assessment, By Power Source, 2021 & 2031F |
10 Latvia Bow and Stern Thrusters Market - Competitive Landscape |
10.1 Latvia Bow and Stern Thrusters Market Revenue Share, By Companies, 2024 |
10.2 Latvia Bow and Stern Thrusters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |