| Product Code: ETC7906471 | 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 rely on key trading partners such as Germany, Estonia, Lithuania, China, and Poland for import shipments. The high Herfindahl-Hirschman Index (HHI) suggests a concentrated market, while the moderate Compound Annual Growth Rate (CAGR) of 4.78% indicates steady expansion. However, the negative growth rate from 2023 to 2024 at -10.42% raises concerns about potential challenges or shifts in trade dynamics. Monitoring these trends will be crucial for stakeholders navigating Latvia`s import market 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 Broaching Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Broaching Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Broaching Market - Industry Life Cycle |
3.4 Latvia Broaching Market - Porter's Five Forces |
3.5 Latvia Broaching Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Broaching Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Broaching Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision components in industries such as automotive, aerospace, and defense driving the need for broaching services. |
4.2.2 Growing investments in manufacturing technologies and automation leading to higher adoption of broaching processes. |
4.2.3 Technological advancements in broaching machinery enhancing efficiency and precision in the manufacturing process. |
4.3 Market Restraints |
4.3.1 High initial capital investment required for setting up broaching operations limiting entry barriers for new players. |
4.3.2 Lack of skilled labor proficient in operating and maintaining broaching machinery leading to operational challenges. |
4.3.3 Fluctuations in raw material prices impacting the overall cost of broaching services. |
5 Latvia Broaching Market Trends |
6 Latvia Broaching Market, By Types |
6.1 Latvia Broaching Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Broaching Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Broaching Market Revenues & Volume, By Vertical Broaching Machine, 2021- 2031F |
6.1.4 Latvia Broaching Market Revenues & Volume, By Horizontal Broaching Machine, 2021- 2031F |
6.2 Latvia Broaching Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Latvia Broaching Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.3 Latvia Broaching Market Revenues & Volume, By Fabrication and Industrial Machinery Manufacturing, 2021- 2031F |
6.2.4 Latvia Broaching Market Revenues & Volume, By Aerospace & Defense, 2021- 2031F |
6.2.5 Latvia Broaching Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.2.6 Latvia Broaching Market Revenues & Volume, By Energy, 2021- 2031F |
7 Latvia Broaching Market Import-Export Trade Statistics |
7.1 Latvia Broaching Market Export to Major Countries |
7.2 Latvia Broaching Market Imports from Major Countries |
8 Latvia Broaching Market Key Performance Indicators |
8.1 Average lead time for completing broaching projects. |
8.2 Rate of utilization of broaching machinery in production. |
8.3 Number of new clients acquired within a specific period. |
8.4 Percentage of repeat business from existing clients. |
8.5 Efficiency in material usage during broaching operations. |
9 Latvia Broaching Market - Opportunity Assessment |
9.1 Latvia Broaching Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Broaching Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Broaching Market - Competitive Landscape |
10.1 Latvia Broaching Market Revenue Share, By Companies, 2024 |
10.2 Latvia Broaching Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |