| Product Code: ETC5885418 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to see a high concentration of electric scooter imports, with top exporting countries being the Netherlands, China, Lithuania, Italy, and Estonia. Despite a negative compound annual growth rate (CAGR) of -0.45% from 2020 to 2024, there was a significant decline in growth rate from 2023 to 2024 at -6.99%. This suggests a challenging market environment for electric scooter imports in Latvia, potentially impacted by various factors such as regulatory changes, market saturation, or shifting consumer preferences. Monitoring these trends will be crucial for stakeholders in the electric scooter industry.

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 Electric Scooter Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Electric Scooter Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Electric Scooter Market - Industry Life Cycle |
3.4 Latvia Electric Scooter Market - Porter's Five Forces |
3.5 Latvia Electric Scooter Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
3.6 Latvia Electric Scooter Market Revenues & Volume Share, By Battery, 2021 & 2031F |
3.7 Latvia Electric Scooter Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
4 Latvia Electric Scooter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of eco-friendly transportation solutions |
4.2.2 Government initiatives promoting electric vehicles and sustainable mobility |
4.2.3 Growing urbanization and traffic congestion issues in major cities of Latvia |
4.3 Market Restraints |
4.3.1 High initial cost of electric scooters compared to traditional gasoline-powered scooters |
4.3.2 Limited charging infrastructure in certain regions of Latvia |
4.3.3 Concerns regarding battery life and range anxiety among consumers |
5 Latvia Electric Scooter Market Trends |
6 Latvia Electric Scooter Market Segmentations |
6.1 Latvia Electric Scooter Market, By Vehicle |
6.1.1 Overview and Analysis |
6.1.2 Latvia Electric Scooter Market Revenues & Volume, By E-Scooters/Mopeds & E-Motorcycles, 2021-2031F |
6.1.3 Latvia Electric Scooter Market Revenues & Volume, By E-Motorcycles, 2021-2031F |
6.2 Latvia Electric Scooter Market, By Battery |
6.2.1 Overview and Analysis |
6.2.2 Latvia Electric Scooter Market Revenues & Volume, By Lead Acid & Li-Ion, 2021-2031F |
6.3 Latvia Electric Scooter Market, By Voltage |
6.3.1 Overview and Analysis |
6.3.2 Latvia Electric Scooter Market Revenues & Volume, By 36V, 2021-2031F |
6.3.3 Latvia Electric Scooter Market Revenues & Volume, By 48V, 2021-2031F |
6.3.4 Latvia Electric Scooter Market Revenues & Volume, By 60V, 2021-2031F |
6.3.5 Latvia Electric Scooter Market Revenues & Volume, By 72V, 2021-2031F |
6.3.6 Latvia Electric Scooter Market Revenues & Volume, By Above 72V, 2021-2031F |
7 Latvia Electric Scooter Market Import-Export Trade Statistics |
7.1 Latvia Electric Scooter Market Export to Major Countries |
7.2 Latvia Electric Scooter Market Imports from Major Countries |
8 Latvia Electric Scooter Market Key Performance Indicators |
8.1 Average daily usage time of electric scooters |
8.2 Number of charging stations per capita |
8.3 Percentage of government subsidies for electric scooter purchases |
8.4 Adoption rate of electric scooters in major cities |
8.5 Average distance covered per charge of electric scooters |
9 Latvia Electric Scooter Market - Opportunity Assessment |
9.1 Latvia Electric Scooter Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
9.2 Latvia Electric Scooter Market Opportunity Assessment, By Battery, 2021 & 2031F |
9.3 Latvia Electric Scooter Market Opportunity Assessment, By Voltage, 2021 & 2031F |
10 Latvia Electric Scooter Market - Competitive Landscape |
10.1 Latvia Electric Scooter Market Revenue Share, By Companies, 2024 |
10.2 Latvia Electric Scooter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here