Latvia FRP Bridge Market (2025-2031) | Revenue, Forecast, Companies, Analysis, Trends, Segmentation, Growth, Size, Share, Outlook, Industry & Value

Market Forecast By Fiber Type (Glass Fiber, Carbon Fiber), By Resin (Vinylester, Polyester), By Manufacturing Process (Pultrusion, Hand Lay-Up) And Competitive Landscape
Product Code: ETC5713449 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

Latvia Frp Bridge Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia`s import shipments of FRP bridges in 2024 were primarily sourced from neighboring countries such as Poland, Finland, Estonia, Sweden, and Lithuania. Despite a high concentration of Herfindahl-Hirschman Index (HHI) in 2023, the market saw a slight decrease in concentration in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was a healthy 10.4%, indicating steady expansion. However, there was a significant decline in growth rate from 2023 to 2024 at -75.19%, possibly reflecting fluctuations in demand or market conditions.

Latvia Frp Bridge Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia FRP Bridge Market Outlook
  • Market Size of Latvia FRP Bridge Market, 2024
  • Forecast of Latvia FRP Bridge Market, 2031
  • Historical Data and Forecast of Latvia FRP Bridge Revenues & Volume for the Period 2021-2031
  • Latvia FRP Bridge Market Trend Evolution
  • Latvia FRP Bridge Market Drivers and Challenges
  • Latvia FRP Bridge Price Trends
  • Latvia FRP Bridge Porter`s Five Forces
  • Latvia FRP Bridge Industry Life Cycle
  • Historical Data and Forecast of Latvia FRP Bridge Market Revenues & Volume By Fiber Type for the Period 2021-2031
  • Historical Data and Forecast of Latvia FRP Bridge Market Revenues & Volume By Glass Fiber for the Period 2021-2031
  • Historical Data and Forecast of Latvia FRP Bridge Market Revenues & Volume By Carbon Fiber for the Period 2021-2031
  • Historical Data and Forecast of Latvia FRP Bridge Market Revenues & Volume By Resin for the Period 2021-2031
  • Historical Data and Forecast of Latvia FRP Bridge Market Revenues & Volume By Vinylester for the Period 2021-2031
  • Historical Data and Forecast of Latvia FRP Bridge Market Revenues & Volume By Polyester for the Period 2021-2031
  • Historical Data and Forecast of Latvia FRP Bridge Market Revenues & Volume By Manufacturing Process for the Period 2021-2031
  • Historical Data and Forecast of Latvia FRP Bridge Market Revenues & Volume By Pultrusion for the Period 2021-2031
  • Historical Data and Forecast of Latvia FRP Bridge Market Revenues & Volume By Hand Lay-Up for the Period 2021-2031
  • Latvia FRP Bridge Import Export Trade Statistics
  • Market Opportunity Assessment By Fiber Type
  • Market Opportunity Assessment By Resin
  • Market Opportunity Assessment By Manufacturing Process
  • Latvia FRP Bridge Top Companies Market Share
  • Latvia FRP Bridge Competitive Benchmarking By Technical and Operational Parameters
  • Latvia FRP Bridge Company Profiles
  • Latvia FRP Bridge Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 FRP Bridge Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia FRP Bridge Market Revenues & Volume, 2021 & 2031F

3.3 Latvia FRP Bridge Market - Industry Life Cycle

3.4 Latvia FRP Bridge Market - Porter's Five Forces

3.5 Latvia FRP Bridge Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F

3.6 Latvia FRP Bridge Market Revenues & Volume Share, By Resin, 2021 & 2031F

3.7 Latvia FRP Bridge Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F

4 Latvia FRP Bridge Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing government investments in infrastructure development projects

4.2.2 Growing demand for cost-effective and durable bridge construction solutions

4.2.3 Focus on sustainability and environmental concerns driving the adoption of FRP bridges

4.3 Market Restraints

4.3.1 Limited awareness and understanding of FRP bridge technology among key stakeholders

4.3.2 High initial costs associated with FRP bridges compared to traditional materials

4.3.3 Challenges in obtaining regulatory approvals and certifications for FRP bridge projects

5 Latvia FRP Bridge Market Trends

6 Latvia FRP Bridge Market Segmentations

6.1 Latvia FRP Bridge Market, By Fiber Type

6.1.1 Overview and Analysis

6.1.2 Latvia FRP Bridge Market Revenues & Volume, By Glass Fiber, 2021-2031F

6.1.3 Latvia FRP Bridge Market Revenues & Volume, By Carbon Fiber, 2021-2031F

6.2 Latvia FRP Bridge Market, By Resin

6.2.1 Overview and Analysis

6.2.2 Latvia FRP Bridge Market Revenues & Volume, By Vinylester, 2021-2031F

6.2.3 Latvia FRP Bridge Market Revenues & Volume, By Polyester, 2021-2031F

6.3 Latvia FRP Bridge Market, By Manufacturing Process

6.3.1 Overview and Analysis

6.3.2 Latvia FRP Bridge Market Revenues & Volume, By Pultrusion, 2021-2031F

6.3.3 Latvia FRP Bridge Market Revenues & Volume, By Hand Lay-Up, 2021-2031F

7 Latvia FRP Bridge Market Import-Export Trade Statistics

7.1 Latvia FRP Bridge Market Export to Major Countries

7.2 Latvia FRP Bridge Market Imports from Major Countries

8 Latvia FRP Bridge Market Key Performance Indicators

8.1 Percentage increase in government budget allocation for infrastructure projects

8.2 Number of FRP bridge projects awarded in the market

8.3 Adoption rate of FRP bridges in new infrastructure developments

8.4 Number of training programs or workshops conducted to educate stakeholders on FRP bridge technology

8.5 Average time taken for regulatory approval of FRP bridge projects

9 Latvia FRP Bridge Market - Opportunity Assessment

9.1 Latvia FRP Bridge Market Opportunity Assessment, By Fiber Type, 2021 & 2031F

9.2 Latvia FRP Bridge Market Opportunity Assessment, By Resin, 2021 & 2031F

9.3 Latvia FRP Bridge Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F

10 Latvia FRP Bridge Market - Competitive Landscape

10.1 Latvia FRP Bridge Market Revenue Share, By Companies, 2024

10.2 Latvia FRP Bridge Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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