| Product Code: ETC7908159 | 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 diverse range of compact track loader import shipments coming mainly from neighboring countries such as Estonia, Germany, Sweden, Czechia, and the UK. With a low Herfindahl-Hirschman Index (HHI) indicating low market concentration, the market remains competitive. The compound annual growth rate (CAGR) from 2020 to 2024 was a healthy 10.97%, although there was a notable decline in growth rate from 2023 to 2024 at -36.08%. This fluctuation suggests a shifting landscape in the compact track loader market in Latvia, with potential opportunities for both importers and domestic players to adapt and thrive.

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 Track Loader Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Compact Track Loader Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Compact Track Loader Market - Industry Life Cycle |
3.4 Latvia Compact Track Loader Market - Porter's Five Forces |
3.5 Latvia Compact Track Loader Market Revenues & Volume Share, By Power Output, 2021 & 2031F |
3.6 Latvia Compact Track Loader Market Revenues & Volume Share, By Operating Capacity, 2021 & 2031F |
3.7 Latvia Compact Track Loader Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
3.8 Latvia Compact Track Loader Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Compact Track Loader Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in Latvia |
4.2.2 Growing infrastructure development projects |
4.2.3 Rising demand for compact equipment due to urbanization |
4.3 Market Restraints |
4.3.1 High initial investment cost of compact track loaders |
4.3.2 Limited availability of skilled operators |
4.3.3 Economic uncertainty impacting construction industry |
5 Latvia Compact Track Loader Market Trends |
6 Latvia Compact Track Loader Market, By Types |
6.1 Latvia Compact Track Loader Market, By Power Output |
6.1.1 Overview and Analysis |
6.1.2 Latvia Compact Track Loader Market Revenues & Volume, By Power Output, 2021- 2031F |
6.1.3 Latvia Compact Track Loader Market Revenues & Volume, By Less Than 50 HP, 2021- 2031F |
6.1.4 Latvia Compact Track Loader Market Revenues & Volume, By 50 HP - 100 HP, 2021- 2031F |
6.1.5 Latvia Compact Track Loader Market Revenues & Volume, By More Than 100 HP, 2021- 2031F |
6.2 Latvia Compact Track Loader Market, By Operating Capacity |
6.2.1 Overview and Analysis |
6.2.2 Latvia Compact Track Loader Market Revenues & Volume, By Less Than 2000 lbs, 2021- 2031F |
6.2.3 Latvia Compact Track Loader Market Revenues & Volume, By 2000 lbs - 3000 lbs, 2021- 2031F |
6.2.4 Latvia Compact Track Loader Market Revenues & Volume, By More Than 3200 lbs, 2021- 2031F |
6.2.5 Latvia Compact Track Loader Market Revenues & Volume, By Lift Orientation, 2021- 2031F |
6.3 Latvia Compact Track Loader Market, By Vertical |
6.3.1 Overview and Analysis |
6.3.2 Latvia Compact Track Loader Market Revenues & Volume, By Radial, 2021- 2031F |
6.3.3 Latvia Compact Track Loader Market Revenues & Volume, By Propulsion, 2021- 2031F |
6.3.4 Latvia Compact Track Loader Market Revenues & Volume, By Diesel, 2021- 2031F |
6.3.5 Latvia Compact Track Loader Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.3.6 Latvia Compact Track Loader Market Revenues & Volume, By Electric, 2021- 2031F |
6.4 Latvia Compact Track Loader Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Compact Track Loader Market Revenues & Volume, By Construction Equipment, 2021- 2031F |
6.4.3 Latvia Compact Track Loader Market Revenues & Volume, By Agriculture Equipment, 2021- 2031F |
6.4.4 Latvia Compact Track Loader Market Revenues & Volume, By Marine Engines, 2021- 2031F |
6.4.5 Latvia Compact Track Loader Market Revenues & Volume, By Gensets, 2021- 2031F |
6.4.6 Latvia Compact Track Loader Market Revenues & Volume, By Industrial Trucks, 2021- 2031F |
6.4.7 Latvia Compact Track Loader Market Revenues & Volume, By Power Sports, 2021- 2031F |
7 Latvia Compact Track Loader Market Import-Export Trade Statistics |
7.1 Latvia Compact Track Loader Market Export to Major Countries |
7.2 Latvia Compact Track Loader Market Imports from Major Countries |
8 Latvia Compact Track Loader Market Key Performance Indicators |
8.1 Average utilization rate of compact track loaders |
8.2 Maintenance and downtime costs per machine |
8.3 Rental rates and utilization trends of compact track loaders |
9 Latvia Compact Track Loader Market - Opportunity Assessment |
9.1 Latvia Compact Track Loader Market Opportunity Assessment, By Power Output, 2021 & 2031F |
9.2 Latvia Compact Track Loader Market Opportunity Assessment, By Operating Capacity, 2021 & 2031F |
9.3 Latvia Compact Track Loader Market Opportunity Assessment, By Vertical, 2021 & 2031F |
9.4 Latvia Compact Track Loader Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Compact Track Loader Market - Competitive Landscape |
10.1 Latvia Compact Track Loader Market Revenue Share, By Companies, 2024 |
10.2 Latvia Compact Track Loader Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |