| Product Code: ETC5117096 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to rely on imports of electric soldering iron guns, with top exporters being Poland, Lithuania, Germany, Netherlands, and China. The market remained highly concentrated, indicating limited diversification among suppliers. Despite a significant decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 stood at a healthy 7.4%. This data suggests a stable demand for electric soldering iron guns in Latvia, with potential opportunities for market expansion and competition among the key exporting countries.

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 Soldering Iron Gun Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Electric Soldering Iron Gun Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Electric Soldering Iron Gun Market - Industry Life Cycle |
3.4 Latvia Electric Soldering Iron Gun Market - Porter's Five Forces |
3.5 Latvia Electric Soldering Iron Gun Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Latvia Electric Soldering Iron Gun Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic devices and appliances in Latvia |
4.2.2 Growing DIY (do-it-yourself) culture among individuals and hobbyists |
4.2.3 Technological advancements leading to more efficient and user-friendly electric soldering iron guns |
4.3 Market Restraints |
4.3.1 Competition from traditional soldering methods such as soldering irons |
4.3.2 Fluctuating raw material prices impacting manufacturing costs |
4.3.3 Regulatory challenges related to safety standards and environmental regulations |
5 Latvia Electric Soldering Iron Gun Market Trends |
6 Latvia Electric Soldering Iron Gun Market Segmentations |
6.1 Latvia Electric Soldering Iron Gun Market, By End Use Industry |
6.1.1 Overview and Analysis |
6.1.2 Latvia Electric Soldering Iron Gun Market Revenues & Volume, By Automotive, 2021-2031F |
6.1.3 Latvia Electric Soldering Iron Gun Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.1.4 Latvia Electric Soldering Iron Gun Market Revenues & Volume, By Medical, 2021-2031F |
6.1.5 Latvia Electric Soldering Iron Gun Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.1.6 Latvia Electric Soldering Iron Gun Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.1.7 Latvia Electric Soldering Iron Gun Market Revenues & Volume, By Construction, 2021-2031F |
7 Latvia Electric Soldering Iron Gun Market Import-Export Trade Statistics |
7.1 Latvia Electric Soldering Iron Gun Market Export to Major Countries |
7.2 Latvia Electric Soldering Iron Gun Market Imports from Major Countries |
8 Latvia Electric Soldering Iron Gun Market Key Performance Indicators |
8.1 Average time spent on soldering projects using electric soldering iron guns |
8.2 Number of new product innovations and technological upgrades in the market |
8.3 Rate of adoption of electric soldering iron guns in different industries and applications |
9 Latvia Electric Soldering Iron Gun Market - Opportunity Assessment |
9.1 Latvia Electric Soldering Iron Gun Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Latvia Electric Soldering Iron Gun Market - Competitive Landscape |
10.1 Latvia Electric Soldering Iron Gun Market Revenue Share, By Companies, 2024 |
10.2 Latvia Electric Soldering Iron Gun Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |