| Product Code: ETC5871586 | 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`s forklift import market saw a shift in concentration from moderate to low, indicating increased diversification among suppliers. The top exporting countries to Latvia include Metropolitan France, Germany, Lithuania, Sweden, and the UK, showcasing a mix of European sources. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the 2020-2024 period stood strong at 13.33%, reflecting sustained market expansion. This data suggests a dynamic and competitive landscape in Latvia`s forklift import sector, with opportunities for both domestic and international players.

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 Forklift Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Forklift Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Forklift Market - Industry Life Cycle |
3.4 Latvia Forklift Market - Porter's Five Forces |
3.5 Latvia Forklift Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.6 Latvia Forklift Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
3.7 Latvia Forklift Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
4 Latvia Forklift Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for efficient material handling solutions in industries such as logistics, manufacturing, and construction. |
4.2.2 Growth in e-commerce and retail sectors leading to higher warehousing activities. |
4.2.3 Government initiatives promoting the adoption of advanced technology in material handling equipment. |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with forklifts and related technology. |
4.3.2 Lack of skilled operators leading to operational inefficiencies. |
4.3.3 Economic uncertainties impacting capital expenditure decisions by businesses. |
5 Latvia Forklift Market Trends |
6 Latvia Forklift Market Segmentations |
6.1 Latvia Forklift Market, By Class |
6.1.1 Overview and Analysis |
6.1.2 Latvia Forklift Market Revenues & Volume, By Class 1, 2021-2031F |
6.1.3 Latvia Forklift Market Revenues & Volume, By 2, 2021-2031F |
6.1.4 Latvia Forklift Market Revenues & Volume, By 3, 2021-2031F |
6.1.5 Latvia Forklift Market Revenues & Volume, By 4/5, 2021-2031F |
6.2 Latvia Forklift Market, By Propulsion |
6.2.1 Overview and Analysis |
6.2.2 Latvia Forklift Market Revenues & Volume, By Electric, 2021-2031F |
6.2.3 Latvia Forklift Market Revenues & Volume, By ICE, 2021-2031F |
6.3 Latvia Forklift Market, By Battery Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Forklift Market Revenues & Volume, By Li-Ion, 2021-2031F |
6.3.3 Latvia Forklift Market Revenues & Volume, By Lead Acid, 2021-2031F |
7 Latvia Forklift Market Import-Export Trade Statistics |
7.1 Latvia Forklift Market Export to Major Countries |
7.2 Latvia Forklift Market Imports from Major Countries |
8 Latvia Forklift Market Key Performance Indicators |
8.1 Average utilization rate of forklifts in warehouses. |
8.2 Maintenance cost per forklift over a specific period. |
8.3 Number of forklift accidents/incidents reported per month. |
8.4 Average response time for forklift maintenance or repair requests. |
9 Latvia Forklift Market - Opportunity Assessment |
9.1 Latvia Forklift Market Opportunity Assessment, By Class, 2021 & 2031F |
9.2 Latvia Forklift Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
9.3 Latvia Forklift Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
10 Latvia Forklift Market - Competitive Landscape |
10.1 Latvia Forklift Market Revenue Share, By Companies, 2024 |
10.2 Latvia Forklift Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |