| Product Code: ETC4730199 | 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 saw an influx of golf club imports from key countries including China, UK, Austria, USA, and Poland. Despite a declining compound annual growth rate (CAGR) from 2020-2024, there was a notable growth spurt in 2024 with a 9.13% increase from the previous year. The market remains moderately concentrated, as indicated by the Herfindahl-Hirschman Index (HHI). Latvia`s golf club import market shows resilience and potential for further expansion, driven by diverse sourcing from both European and Asian markets.

In the Europe region, the Golf club market in Latvia is projected to expand at a stable growth rate of 0.59% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Golf club Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Golf club Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Golf club Market - Industry Life Cycle |
3.4 Latvia Golf club Market - Porter's Five Forces |
3.5 Latvia Golf club Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Golf club Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Golf club Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of golf as a recreational activity among the affluent population in Latvia |
4.2.2 Growing tourism industry in Latvia leading to more visitors interested in golf |
4.2.3 Government initiatives to promote sports and leisure activities, including golf |
4.3 Market Restraints |
4.3.1 Limited awareness and education about golf in Latvia |
4.3.2 High initial investment required to establish and maintain a golf club |
4.3.3 Seasonal nature of golf due to weather conditions in Latvia |
5 Latvia Golf club Market Trends |
6 Latvia Golf club Market Segmentations |
6.1 Latvia Golf club Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Golf club Market Revenues & Volume, By Leisure, 2021-2031F |
6.1.3 Latvia Golf club Market Revenues & Volume, By Professional, 2021-2031F |
6.2 Latvia Golf club Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Golf club Market Revenues & Volume, By Sporting Goods Retailers, 2021-2031F |
6.2.3 Latvia Golf club Market Revenues & Volume, By Online, 2021-2031F |
6.2.4 Latvia Golf club Market Revenues & Volume, By Department and Discount Stores, 2021-2031F |
7 Latvia Golf club Market Import-Export Trade Statistics |
7.1 Latvia Golf club Market Export to Major Countries |
7.2 Latvia Golf club Market Imports from Major Countries |
8 Latvia Golf club Market Key Performance Indicators |
8.1 Average number of rounds played per month at golf clubs in Latvia |
8.2 Percentage of revenue from non-member sources (e.g., tourists, events) |
8.3 Number of golf club memberships sold |
8.4 Average length of stay of tourists visiting Latvia specifically for golf |
9 Latvia Golf club Market - Opportunity Assessment |
9.1 Latvia Golf club Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Golf club Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Golf club Market - Competitive Landscape |
10.1 Latvia Golf club Market Revenue Share, By Companies, 2024 |
10.2 Latvia Golf club Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |