| Product Code: ETC7908139 | 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 saw a significant increase in commercial washing machine imports, with top exporters being China, Poland, Spain, Belgium, and Italy. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially leading to competitive challenges. The impressive compound annual growth rate (CAGR) of 28.51% from 2020 to 2024 highlights the strong demand for commercial washing machines in Latvia. Additionally, the growth rate of 6.09% from 2023 to 2024 suggests a steady expansion in the market. Overall, Latvia`s commercial washing machine import sector shows promising growth and a diverse range of sourcing countries.

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 Commercial Washing Machine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Commercial Washing Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Commercial Washing Machine Market - Industry Life Cycle |
3.4 Latvia Commercial Washing Machine Market - Porter's Five Forces |
3.5 Latvia Commercial Washing Machine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Commercial Washing Machine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Commercial Washing Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for efficient and time-saving laundry solutions in commercial establishments. |
4.2.2 Growing hospitality industry in Latvia leading to higher demand for commercial washing machines. |
4.2.3 Implementation of strict hygiene and cleanliness regulations in commercial spaces driving the need for reliable washing equipment. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing commercial washing machines. |
4.3.2 Limited awareness about the benefits and features of advanced commercial washing machines among potential buyers. |
4.3.3 Challenges related to maintenance and repair costs of commercial washing machines. |
5 Latvia Commercial Washing Machine Market Trends |
6 Latvia Commercial Washing Machine Market, By Types |
6.1 Latvia Commercial Washing Machine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Commercial Washing Machine Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Commercial Washing Machine Market Revenues & Volume, By Product Type I, 2021- 2031F |
6.1.4 Latvia Commercial Washing Machine Market Revenues & Volume, By Product Type II, 2021- 2031F |
6.1.5 Latvia Commercial Washing Machine Market Revenues & Volume, By Product Type III, 2021- 2031F |
6.2 Latvia Commercial Washing Machine Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Commercial Washing Machine Market Revenues & Volume, By Application I, 2021- 2031F |
6.2.3 Latvia Commercial Washing Machine Market Revenues & Volume, By Application II, 2021- 2031F |
6.2.4 Latvia Commercial Washing Machine Market Revenues & Volume, By Application III, 2021- 2031F |
7 Latvia Commercial Washing Machine Market Import-Export Trade Statistics |
7.1 Latvia Commercial Washing Machine Market Export to Major Countries |
7.2 Latvia Commercial Washing Machine Market Imports from Major Countries |
8 Latvia Commercial Washing Machine Market Key Performance Indicators |
8.1 Average lifespan of commercial washing machines in operation. |
8.2 Percentage increase in the adoption of energy-efficient commercial washing machines. |
8.3 Customer satisfaction ratings with the durability and performance of commercial washing machines. |
8.4 Number of service requests for maintenance and repair of commercial washing machines. |
8.5 Percentage reduction in water and energy consumption per wash cycle in commercial washing machines. |
9 Latvia Commercial Washing Machine Market - Opportunity Assessment |
9.1 Latvia Commercial Washing Machine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Commercial Washing Machine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Commercial Washing Machine Market - Competitive Landscape |
10.1 Latvia Commercial Washing Machine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Commercial Washing Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |