Latvia Hardware Market (2025-2031) | Industry, Trends, Revenue, Forecast, Value, Growth, Outlook, Analysis, Companies, Size, Share & Segmentation
Market Forecast By Type (Furniture Hardware, Motor Vehicle Hardware, Builder`s Hardware, Other Hardware) And Competitive Landscape
| Product Code: ETC5370860 | 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 Hardware Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Latvia`s hardware import market continued to show steady growth with a CAGR of 8.75% from 2020 to 2024. Despite a slight decline in growth rate from 2023 to 2024 at -6.54%, the market remains resilient. The top countries exporting hardware to Latvia in 2024 were Lithuania, Poland, Sweden, Germany, and China, showcasing a diverse import network. With a low Herfindahl-Hirschman Index (HHI) indicating low market concentration, the hardware import sector in Latvia appears to offer opportunities for various suppliers to thrive in the market.
Hardware Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
The Hardware market in Latvia is projected to grow at a stable growth rate of 3.79% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.
Key Highlights of the Report:
- Latvia Hardware Market Outlook
- Market Size of Latvia Hardware Market, 2024
- Forecast of Latvia Hardware Market, 2031
- Historical Data and Forecast of Latvia Hardware Revenues & Volume for the Period 2021-2031
- Latvia Hardware Market Trend Evolution
- Latvia Hardware Market Drivers and Challenges
- Latvia Hardware Price Trends
- Latvia Hardware Porter`s Five Forces
- Latvia Hardware Industry Life Cycle
- Historical Data and Forecast of Latvia Hardware Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Hardware Market Revenues & Volume By Furniture Hardware for the Period 2021-2031
- Historical Data and Forecast of Latvia Hardware Market Revenues & Volume By Motor Vehicle Hardware for the Period 2021-2031
- Historical Data and Forecast of Latvia Hardware Market Revenues & Volume By Builder`s Hardware for the Period 2021-2031
- Historical Data and Forecast of Latvia Hardware Market Revenues & Volume By Other Hardware for the Period 2021-2031
- Latvia Hardware Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Latvia Hardware Top Companies Market Share
- Latvia Hardware Competitive Benchmarking By Technical and Operational Parameters
- Latvia Hardware Company Profiles
- Latvia Hardware Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Hardware Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Hardware Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Hardware Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Hardware Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Hardware Market - Industry Life Cycle |
3.4 Latvia Hardware Market - Porter's Five Forces |
3.5 Latvia Hardware Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Latvia Hardware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in Latvia leading to higher demand for hardware products |
4.2.2 Growing trend of home renovations and DIY projects driving sales in the hardware market |
4.2.3 Government initiatives to promote infrastructure development boosting the hardware market |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting product costs and profitability |
4.3.2 Intense competition among hardware suppliers leading to pricing pressures |
4.3.3 Economic uncertainties affecting consumer spending on hardware products |
5 Latvia Hardware Market Trends |
6 Latvia Hardware Market Segmentations |
6.1 Latvia Hardware Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Hardware Market Revenues & Volume, By Furniture Hardware, 2021-2031F |
6.1.3 Latvia Hardware Market Revenues & Volume, By Motor Vehicle Hardware, 2021-2031F |
6.1.4 Latvia Hardware Market Revenues & Volume, By Builder`s Hardware, 2021-2031F |
6.1.5 Latvia Hardware Market Revenues & Volume, By Other Hardware, 2021-2031F |
7 Latvia Hardware Market Import-Export Trade Statistics |
7.1 Latvia Hardware Market Export to Major Countries |
7.2 Latvia Hardware Market Imports from Major Countries |
8 Latvia Hardware Market Key Performance Indicators |
8.1 Number of building permits issued in Latvia |
8.2 Consumer confidence index in the housing market |
8.3 GDP growth rate in the construction sector |
8.4 Retail sales index for hardware products |
8.5 Number of new hardware stores opened in Latvia |
9 Latvia Hardware Market - Opportunity Assessment |
9.1 Latvia Hardware Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Latvia Hardware Market - Competitive Landscape |
10.1 Latvia Hardware Market Revenue Share, By Companies, 2024 |
10.2 Latvia Hardware Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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