| Product Code: ETC7908555 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import shipments of coordinate measuring machines in 2024 were primarily sourced from Germany, Poland, China, Lithuania, and Finland. The market remained moderately fragmented with low concentration levels indicated by the Herfindahl-Hirschman Index (HHI). However, the market experienced a decline with a negative Compound Annual Growth Rate (CAGR) of -2.85% from 2020 to 2024, and a significant decrease in growth rate of -11.95% from 2023 to 2024. This data suggests a challenging period for the coordinate measuring machine imports market 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 Coordinate Measuring Machine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Coordinate Measuring Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Coordinate Measuring Machine Market - Industry Life Cycle |
3.4 Latvia Coordinate Measuring Machine Market - Porter's Five Forces |
3.5 Latvia Coordinate Measuring Machine Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Coordinate Measuring Machine Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Latvia Coordinate Measuring Machine Market Revenues & Volume Share, By Bearing, 2021 & 2031F |
3.8 Latvia Coordinate Measuring Machine Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Latvia Coordinate Measuring Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-precision measurement tools in industries like automotive, aerospace, and electronics |
4.2.2 Growing focus on quality control and assurance in manufacturing processes |
4.2.3 Technological advancements leading to the development of more sophisticated coordinate measuring machines |
4.3 Market Restraints |
4.3.1 High initial investment cost for acquiring coordinate measuring machines |
4.3.2 Lack of skilled professionals to operate and maintain these machines effectively |
4.3.3 Potential challenges related to integration with existing manufacturing systems and processes |
5 Latvia Coordinate Measuring Machine Market Trends |
6 Latvia Coordinate Measuring Machine Market, By Types |
6.1 Latvia Coordinate Measuring Machine Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Bridge, 2021- 2031F |
6.1.4 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Articulated Arm, 2021- 2031F |
6.1.5 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Horizontal Arm, 2021- 2031F |
6.1.6 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Gantry, 2021- 2031F |
6.1.7 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Cantilever, 2021- 2031F |
6.2 Latvia Coordinate Measuring Machine Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Machine Structure, 2021- 2031F |
6.2.3 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Linear Measurement Transducers, 2021- 2031F |
6.2.4 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Computer Hardware and Software, 2021- 2031F |
6.3 Latvia Coordinate Measuring Machine Market, By Bearing |
6.3.1 Overview and Analysis |
6.3.2 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Air Bearings, 2021- 2031F |
6.3.3 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Roller Bearings and Recirculating Bearings, 2021- 2031F |
6.4 Latvia Coordinate Measuring Machine Market, By Industry |
6.4.1 Overview and Analysis |
6.4.2 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Automotive, 2021- 2031F |
6.4.3 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Aerospace, 2021- 2031F |
6.4.4 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Industrial, 2021- 2031F |
6.4.5 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Electronics, 2021- 2031F |
6.4.6 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Military, 2021- 2031F |
6.4.7 Latvia Coordinate Measuring Machine Market Revenues & Volume, By Energy, 2021- 2031F |
7 Latvia Coordinate Measuring Machine Market Import-Export Trade Statistics |
7.1 Latvia Coordinate Measuring Machine Market Export to Major Countries |
7.2 Latvia Coordinate Measuring Machine Market Imports from Major Countries |
8 Latvia Coordinate Measuring Machine Market Key Performance Indicators |
8.1 Percentage increase in the adoption of advanced measurement technologies in key industries |
8.2 Number of training programs and certifications available for CMM operators in Latvia |
8.3 Rate of technological innovation and introduction of new features in coordinate measuring machines |
9 Latvia Coordinate Measuring Machine Market - Opportunity Assessment |
9.1 Latvia Coordinate Measuring Machine Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Coordinate Measuring Machine Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Latvia Coordinate Measuring Machine Market Opportunity Assessment, By Bearing, 2021 & 2031F |
9.4 Latvia Coordinate Measuring Machine Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Latvia Coordinate Measuring Machine Market - Competitive Landscape |
10.1 Latvia Coordinate Measuring Machine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Coordinate Measuring Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |