Latvia Drilling Rig Market (2025-2031) | Value, Industry, Segmentation, Competitive Landscape, Share, Forecast, Trends, Outlook, Growth, Analysis, Size & Revenue, Companies

Market Forecast By Type (Jackup, Semi-submersible, Drillship, Other), By Location of Deployment (Onshore, Offshore), By Application (Oil and Gas, Mining, Others) And Competitive Landscape
Product Code: ETC7909717 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Vasudha No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Latvia Drilling Rig Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia`s drilling rig import shipments in 2024 saw major contributions from top exporting countries such as USA, Estonia, Sweden, China, and Lithuania. Despite a high level of market concentration indicated by the Herfindahl-Hirschman Index (HHI), the industry experienced a significant decline in compound annual growth rate (CAGR) from 2020 to 2024 at -17.81%. Moreover, the growth rate in 2024 plummeted by -65.01% compared to the previous year, suggesting a challenging environment for the drilling rig import market in Latvia.

Latvia Drilling Rig Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Drilling Rig Market Outlook
  • Market Size of Latvia Drilling Rig Market, 2024
  • Forecast of Latvia Drilling Rig Market, 2031
  • Historical Data and Forecast of Latvia Drilling Rig Revenues & Volume for the Period 2021- 2031
  • Latvia Drilling Rig Market Trend Evolution
  • Latvia Drilling Rig Market Drivers and Challenges
  • Latvia Drilling Rig Price Trends
  • Latvia Drilling Rig Porter's Five Forces
  • Latvia Drilling Rig Industry Life Cycle
  • Historical Data and Forecast of Latvia Drilling Rig Market Revenues & Volume By Type for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Drilling Rig Market Revenues & Volume By Jackup for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Drilling Rig Market Revenues & Volume By Semi-submersible for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Drilling Rig Market Revenues & Volume By Drillship for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Drilling Rig Market Revenues & Volume By Other for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Drilling Rig Market Revenues & Volume By Location of Deployment for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Drilling Rig Market Revenues & Volume By Onshore for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Drilling Rig Market Revenues & Volume By Offshore for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Drilling Rig Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Drilling Rig Market Revenues & Volume By Oil and Gas for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Drilling Rig Market Revenues & Volume By Mining for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Drilling Rig Market Revenues & Volume By Others for the Period 2021- 2031
  • Latvia Drilling Rig Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Location of Deployment
  • Market Opportunity Assessment By Application
  • Latvia Drilling Rig Top Companies Market Share
  • Latvia Drilling Rig Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Drilling Rig Company Profiles
  • Latvia Drilling Rig Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Drilling Rig Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Drilling Rig Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

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 Drilling Rig Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Drilling Rig Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Drilling Rig Market - Industry Life Cycle

3.4 Latvia Drilling Rig Market - Porter's Five Forces

3.5 Latvia Drilling Rig Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Drilling Rig Market Revenues & Volume Share, By Location of Deployment, 2021 & 2031F

3.7 Latvia Drilling Rig Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Drilling Rig Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing exploration and production activities in the oil and gas sector in Latvia

4.2.2 Growing demand for renewable energy sources leading to increased geothermal drilling activities

4.2.3 Government initiatives and investments in infrastructure development projects

4.3 Market Restraints

4.3.1 Limited availability of skilled labor in the drilling rig industry

4.3.2 Environmental regulations impacting drilling rig operations

4.3.3 Volatility in global oil prices affecting investment decisions in drilling projects

5 Latvia Drilling Rig Market Trends

6 Latvia Drilling Rig Market, By Types

6.1 Latvia Drilling Rig Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Drilling Rig Market Revenues & Volume, By Type, 2021- 2031F

6.1.3 Latvia Drilling Rig Market Revenues & Volume, By Jackup, 2021- 2031F

6.1.4 Latvia Drilling Rig Market Revenues & Volume, By Semi-submersible, 2021- 2031F

6.1.5 Latvia Drilling Rig Market Revenues & Volume, By Drillship, 2021- 2031F

6.1.6 Latvia Drilling Rig Market Revenues & Volume, By Other, 2021- 2031F

6.2 Latvia Drilling Rig Market, By Location of Deployment

6.2.1 Overview and Analysis

6.2.2 Latvia Drilling Rig Market Revenues & Volume, By Onshore, 2021- 2031F

6.2.3 Latvia Drilling Rig Market Revenues & Volume, By Offshore, 2021- 2031F

6.3 Latvia Drilling Rig Market, By Application

6.3.1 Overview and Analysis

6.3.2 Latvia Drilling Rig Market Revenues & Volume, By Oil and Gas, 2021- 2031F

6.3.3 Latvia Drilling Rig Market Revenues & Volume, By Mining, 2021- 2031F

6.3.4 Latvia Drilling Rig Market Revenues & Volume, By Others, 2021- 2031F

7 Latvia Drilling Rig Market Import-Export Trade Statistics

7.1 Latvia Drilling Rig Market Export to Major Countries

7.2 Latvia Drilling Rig Market Imports from Major Countries

8 Latvia Drilling Rig Market Key Performance Indicators

8.1 Average utilization rate of drilling rigs in Latvia

8.2 Number of new drilling rig installations in the country

8.3 Average age of drilling rig fleet in Latvia

8.4 Rate of adoption of new drilling technologies in the market

9 Latvia Drilling Rig Market - Opportunity Assessment

9.1 Latvia Drilling Rig Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Drilling Rig Market Opportunity Assessment, By Location of Deployment, 2021 & 2031F

9.3 Latvia Drilling Rig Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Drilling Rig Market - Competitive Landscape

10.1 Latvia Drilling Rig Market Revenue Share, By Companies, 2024

10.2 Latvia Drilling Rig Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Thought Leadership and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Related Reports

Industry Events and Analyst Meet

Whitepaper

Read All