| Product Code: ETC11529205 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
Latvia has seen a steady increase in the import of compact construction equipment from key exporting countries like Estonia, Sweden, Germany, Czechia, and the UK. Despite a slight decline in growth rate in 2024, the market remains competitive with low concentration, indicating a diverse range of suppliers. The impressive compound annual growth rate (CAGR) of 10.9% from 2020 to 2024 underscores the sustained demand for such equipment in Latvia`s construction industry. Continued collaboration with top exporting countries will likely drive further advancements and innovation in the sector.

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 Compact Construction Equipment Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Compact Construction Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Compact Construction Equipment Market - Industry Life Cycle |
3.4 Latvia Compact Construction Equipment Market - Porter's Five Forces |
3.5 Latvia Compact Construction Equipment Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.6 Latvia Compact Construction Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Compact Construction Equipment Market Revenues & Volume Share, By Industry, 2021 & 2031F |
3.8 Latvia Compact Construction Equipment Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.9 Latvia Compact Construction Equipment Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Latvia Compact Construction Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in Latvia |
4.2.2 Government investments in infrastructure development projects |
4.2.3 Growing trend towards urbanization and industrialization |
4.3 Market Restraints |
4.3.1 Economic uncertainties impacting construction sector investments |
4.3.2 Stringent regulations and environmental policies |
4.3.3 Limited access to financing options for equipment purchases |
5 Latvia Compact Construction Equipment Market Trends |
6 Latvia Compact Construction Equipment Market, By Types |
6.1 Latvia Compact Construction Equipment Market, By Equipment Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Compact Construction Equipment Market Revenues & Volume, By Equipment Type, 2021 - 2031F |
6.1.3 Latvia Compact Construction Equipment Market Revenues & Volume, By Mini Excavators, 2021 - 2031F |
6.1.4 Latvia Compact Construction Equipment Market Revenues & Volume, By Skid-Steer Loaders, 2021 - 2031F |
6.1.5 Latvia Compact Construction Equipment Market Revenues & Volume, By Compact Track Loaders, 2021 - 2031F |
6.1.6 Latvia Compact Construction Equipment Market Revenues & Volume, By Backhoe Loaders, 2021 - 2031F |
6.2 Latvia Compact Construction Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Compact Construction Equipment Market Revenues & Volume, By Landscaping, 2021 - 2031F |
6.2.3 Latvia Compact Construction Equipment Market Revenues & Volume, By Demolition, 2021 - 2031F |
6.2.4 Latvia Compact Construction Equipment Market Revenues & Volume, By Material Handling, 2021 - 2031F |
6.2.5 Latvia Compact Construction Equipment Market Revenues & Volume, By Utility Maintenance, 2021 - 2031F |
6.3 Latvia Compact Construction Equipment Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Compact Construction Equipment Market Revenues & Volume, By Residential Construction, 2021 - 2031F |
6.3.3 Latvia Compact Construction Equipment Market Revenues & Volume, By Commercial Construction, 2021 - 2031F |
6.3.4 Latvia Compact Construction Equipment Market Revenues & Volume, By Infrastructure, 2021 - 2031F |
6.3.5 Latvia Compact Construction Equipment Market Revenues & Volume, By Agriculture, 2021 - 2031F |
6.4 Latvia Compact Construction Equipment Market, By Power Source |
6.4.1 Overview and Analysis |
6.4.2 Latvia Compact Construction Equipment Market Revenues & Volume, By Diesel-Powered, 2021 - 2031F |
6.4.3 Latvia Compact Construction Equipment Market Revenues & Volume, By Electric, 2021 - 2031F |
6.4.4 Latvia Compact Construction Equipment Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.4.5 Latvia Compact Construction Equipment Market Revenues & Volume, By Hydrogen-Powered, 2021 - 2031F |
6.5 Latvia Compact Construction Equipment Market, By Technology |
6.5.1 Overview and Analysis |
6.5.2 Latvia Compact Construction Equipment Market Revenues & Volume, By IoT-Enabled, 2021 - 2031F |
6.5.3 Latvia Compact Construction Equipment Market Revenues & Volume, By AI-Based Control, 2021 - 2031F |
6.5.4 Latvia Compact Construction Equipment Market Revenues & Volume, By GPS Integration, 2021 - 2031F |
6.5.5 Latvia Compact Construction Equipment Market Revenues & Volume, By Telematics, 2021 - 2031F |
7 Latvia Compact Construction Equipment Market Import-Export Trade Statistics |
7.1 Latvia Compact Construction Equipment Market Export to Major Countries |
7.2 Latvia Compact Construction Equipment Market Imports from Major Countries |
8 Latvia Compact Construction Equipment Market Key Performance Indicators |
8.1 Number of construction permits issued in Latvia |
8.2 GDP growth rate in the construction sector |
8.3 Infrastructure spending by the Latvian government |
9 Latvia Compact Construction Equipment Market - Opportunity Assessment |
9.1 Latvia Compact Construction Equipment Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.2 Latvia Compact Construction Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Compact Construction Equipment Market Opportunity Assessment, By Industry, 2021 & 2031F |
9.4 Latvia Compact Construction Equipment Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.5 Latvia Compact Construction Equipment Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Latvia Compact Construction Equipment Market - Competitive Landscape |
10.1 Latvia Compact Construction Equipment Market Revenue Share, By Companies, 2024 |
10.2 Latvia Compact Construction Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |