| Product Code: ETC5031843 | 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 |
In 2024, Latvia continued to see a diverse range of casino gaming equipment imports, with top exporters like China, Estonia, and Germany leading the way. Despite the variety of sources, the market remained relatively unconcentrated, as indicated by the low Herfindahl-Hirschman Index (HHI). The impressive compound annual growth rate (CAGR) of 14.18% from 2020 to 2024 demonstrates the robust expansion of the sector. Additionally, the growth rate of 3.53% from 2023 to 2024 highlights the sustained momentum in the Latvian casino gaming equipment import market.

In the Europe region, the Casino Gaming Equipment market in Latvia is projected to expand at a stable growth rate of 1.03% 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 Casino Gaming Equipment Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Casino Gaming Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Casino Gaming Equipment Market - Industry Life Cycle |
3.4 Latvia Casino Gaming Equipment Market - Porter's Five Forces |
3.5 Latvia Casino Gaming Equipment Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Casino Gaming Equipment Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.7 Latvia Casino Gaming Equipment Market Revenues & Volume Share, By Mode Of Operation, 2021 & 2031F |
4 Latvia Casino Gaming Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for entertainment and leisure activities |
4.2.2 Increasing disposable income of the population |
4.2.3 Rising tourism industry in Latvia |
4.3 Market Restraints |
4.3.1 Stringent government regulations on gambling industry |
4.3.2 Economic fluctuations and uncertainties |
4.3.3 Competition from online gambling platforms |
5 Latvia Casino Gaming Equipment Market Trends |
6 Latvia Casino Gaming Equipment Market Segmentations |
6.1 Latvia Casino Gaming Equipment Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Casino Gaming Equipment Market Revenues & Volume, By Slot Machines, 2021-2031F |
6.1.3 Latvia Casino Gaming Equipment Market Revenues & Volume, By Video Lottery Terminal, 2021-2031F |
6.1.4 Latvia Casino Gaming Equipment Market Revenues & Volume, By Video Poker Machines, 2021-2031F |
6.1.5 Latvia Casino Gaming Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Casino Gaming Equipment Market, By Installation |
6.2.1 Overview and Analysis |
6.2.2 Latvia Casino Gaming Equipment Market Revenues & Volume, By Installed Inside Casino, 2021-2031F |
6.2.3 Latvia Casino Gaming Equipment Market Revenues & Volume, By Installed Outside Casino, 2021-2031F |
6.3 Latvia Casino Gaming Equipment Market, By Mode Of Operation |
6.3.1 Overview and Analysis |
6.3.2 Latvia Casino Gaming Equipment Market Revenues & Volume, By Floor Mounted, 2021-2031F | 6.3.3 Latvia Casino Gaming Equipment Market Revenues & Volume, By Portable, 2021-2031F |
7 Latvia Casino Gaming Equipment Market Import-Export Trade Statistics |
7.1 Latvia Casino Gaming Equipment Market Export to Major Countries |
7.2 Latvia Casino Gaming Equipment Market Imports from Major Countries |
8 Latvia Casino Gaming Equipment Market Key Performance Indicators |
8.1 Average revenue per gaming equipment unit |
8.2 Number of new casino establishments in Latvia |
8.3 Average daily usage time of gaming equipment in casinos |
9 Latvia Casino Gaming Equipment Market - Opportunity Assessment |
9.1 Latvia Casino Gaming Equipment Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Casino Gaming Equipment Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.3 Latvia Casino Gaming Equipment Market Opportunity Assessment, By Mode Of Operation, 2021 & 2031F |
10 Latvia Casino Gaming Equipment Market - Competitive Landscape |
10.1 Latvia Casino Gaming Equipment Market Revenue Share, By Companies, 2024 |
10.2 Latvia Casino Gaming Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |