| Product Code: ETC7906848 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of forklift trucks to Latvia have shown steady growth with a CAGR of 13.33% from 2020 to 2024. Despite a slight decline in growth rate from 2023 to 2024 (-2.95%), the market remains resilient. Top exporting countries like Metropolitan France, Germany, Lithuania, Sweden, and the UK continue to contribute significantly to Latvia`s forklift truck imports. The market concentration, as measured by the HHI, has decreased from moderate to low in 2024, indicating a more competitive landscape and potentially more diverse import sources for forklift trucks in Latvia.

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 Capacity Forklift Truck Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Capacity Forklift Truck Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Capacity Forklift Truck Market - Industry Life Cycle |
3.4 Latvia Capacity Forklift Truck Market - Porter's Five Forces |
3.5 Latvia Capacity Forklift Truck Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Capacity Forklift Truck Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for efficient material handling solutions in warehouses and distribution centers |
4.2.2 Growth in the manufacturing and construction sectors driving the need for forklift trucks |
4.2.3 Adoption of automation and technology in logistics and supply chain management |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with forklift trucks |
4.3.2 Limited availability of skilled forklift operators |
4.3.3 Impact of economic downturns on the overall market demand |
5 Latvia Capacity Forklift Truck Market Trends |
6 Latvia Capacity Forklift Truck Market, By Types |
6.1 Latvia Capacity Forklift Truck Market, By End User |
6.1.1 Overview and Analysis |
6.1.2 Latvia Capacity Forklift Truck Market Revenues & Volume, By End User, 2021- 2031F |
6.1.3 Latvia Capacity Forklift Truck Market Revenues & Volume, By Retail & Wholesale, 2021- 2031F |
6.1.4 Latvia Capacity Forklift Truck Market Revenues & Volume, By Construction, 2021- 2031F |
6.1.5 Latvia Capacity Forklift Truck Market Revenues & Volume, By Manufacturing, 2021- 2031F |
6.1.6 Latvia Capacity Forklift Truck Market Revenues & Volume, By Mining, 2021- 2031F |
6.1.7 Latvia Capacity Forklift Truck Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.1.8 Latvia Capacity Forklift Truck Market Revenues & Volume, By Natural Resources, 2021- 2031F |
7 Latvia Capacity Forklift Truck Market Import-Export Trade Statistics |
7.1 Latvia Capacity Forklift Truck Market Export to Major Countries |
7.2 Latvia Capacity Forklift Truck Market Imports from Major Countries |
8 Latvia Capacity Forklift Truck Market Key Performance Indicators |
8.1 Average utilization rate of forklift trucks in warehouses |
8.2 Rate of adoption of electric or alternative fuel-powered forklift trucks |
8.3 Number of new warehouse and distribution center establishments |
8.4 Average age of forklift truck fleets |
8.5 Training and certification levels of forklift operators |
9 Latvia Capacity Forklift Truck Market - Opportunity Assessment |
9.1 Latvia Capacity Forklift Truck Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Capacity Forklift Truck Market - Competitive Landscape |
10.1 Latvia Capacity Forklift Truck Market Revenue Share, By Companies, 2024 |
10.2 Latvia Capacity Forklift Truck Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |