| Product Code: ETC7912686 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
In 2024, Latvia continued to see a high concentration of heavy commercial truck imports, with the top exporting countries being Germany, Estonia, Poland, Lithuania, and the Netherlands. Despite a significant decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 remained positive at 7.22%. This indicates a sustained demand for heavy commercial trucks in Latvia, with key European countries playing a significant role in supplying these vehicles to the market. The high Herfindahl-Hirschman Index (HHI) suggests a competitive market landscape dominated by these top exporting nations.
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 Heavy Commercial Truck Market Overview  | 
3.1 Latvia Country Macro Economic Indicators  | 
3.2 Latvia Heavy Commercial Truck Market Revenues & Volume, 2021 & 2031F  | 
3.3 Latvia Heavy Commercial Truck Market - Industry Life Cycle  | 
3.4 Latvia Heavy Commercial Truck Market - Porter's Five Forces  | 
3.5 Latvia Heavy Commercial Truck Market Revenues & Volume Share, By Truck Type, 2021 & 2031F  | 
3.6 Latvia Heavy Commercial Truck Market Revenues & Volume Share, By Class, 2021 & 2031F  | 
3.7 Latvia Heavy Commercial Truck Market Revenues & Volume Share, By Fuel, 2021 & 2031F  | 
3.8 Latvia Heavy Commercial Truck Market Revenues & Volume Share, By Application, 2021 & 2031F  | 
4 Latvia Heavy Commercial Truck Market Dynamics  | 
4.1 Impact Analysis  | 
4.2 Market Drivers  | 
4.2.1 Growth in the construction industry leading to increased demand for heavy commercial trucks  | 
4.2.2 Government investments in infrastructure projects boosting sales of heavy commercial trucks  | 
4.2.3 Expansion of logistics and transportation sector driving the need for more heavy commercial trucks  | 
4.3 Market Restraints  | 
4.3.1 Economic downturn affecting purchasing power and investment in new vehicles  | 
4.3.2 Volatility in fuel prices impacting operating costs for heavy commercial truck owners  | 
5 Latvia Heavy Commercial Truck Market Trends  | 
6 Latvia Heavy Commercial Truck Market, By Types  | 
6.1 Latvia Heavy Commercial Truck Market, By Truck Type  | 
6.1.1 Overview and Analysis  | 
6.1.2 Latvia Heavy Commercial Truck Market Revenues & Volume, By Truck Type, 2021- 2031F  | 
6.1.3 Latvia Heavy Commercial Truck Market Revenues & Volume, By Semi-Trailer Truck, 2021- 2031F  | 
6.1.4 Latvia Heavy Commercial Truck Market Revenues & Volume, By 18-Wheeler Truck, 2021- 2031F  | 
6.1.5 Latvia Heavy Commercial Truck Market Revenues & Volume, By Tanker Truck, 2021- 2031F  | 
6.1.6 Latvia Heavy Commercial Truck Market Revenues & Volume, By Heavy Truck, 2021- 2031F  | 
6.1.7 Latvia Heavy Commercial Truck Market Revenues & Volume, By Flatbed Truck, 2021- 2031F  | 
6.1.8 Latvia Heavy Commercial Truck Market Revenues & Volume, By Garbage Truck, 2021- 2031F  | 
6.1.9 Latvia Heavy Commercial Truck Market Revenues & Volume, By Panel Truck, 2021- 2031F  | 
6.1.10 Latvia Heavy Commercial Truck Market Revenues & Volume, By Panel Truck, 2021- 2031F  | 
6.2 Latvia Heavy Commercial Truck Market, By Class  | 
6.2.1 Overview and Analysis  | 
6.2.2 Latvia Heavy Commercial Truck Market Revenues & Volume, By Class 5, 2021- 2031F  | 
6.2.3 Latvia Heavy Commercial Truck Market Revenues & Volume, By Class 6, 2021- 2031F  | 
6.2.4 Latvia Heavy Commercial Truck Market Revenues & Volume, By Class 7, 2021- 2031F  | 
6.2.5 Latvia Heavy Commercial Truck Market Revenues & Volume, By Class 8, 2021- 2031F  | 
6.3 Latvia Heavy Commercial Truck Market, By Fuel  | 
6.3.1 Overview and Analysis  | 
6.3.2 Latvia Heavy Commercial Truck Market Revenues & Volume, By Diesel, 2021- 2031F  | 
6.3.3 Latvia Heavy Commercial Truck Market Revenues & Volume, By Natural Gas, 2021- 2031F  | 
6.3.4 Latvia Heavy Commercial Truck Market Revenues & Volume, By Hybrid Electric Vehicle, 2021- 2031F  | 
6.3.5 Latvia Heavy Commercial Truck Market Revenues & Volume, By Gasoline, 2021- 2031F  | 
6.4 Latvia Heavy Commercial Truck Market, By Application  | 
6.4.1 Overview and Analysis  | 
6.4.2 Latvia Heavy Commercial Truck Market Revenues & Volume, By Agriculture, 2021- 2031F  | 
6.4.3 Latvia Heavy Commercial Truck Market Revenues & Volume, By Logistics, 2021- 2031F  | 
6.4.4 Latvia Heavy Commercial Truck Market Revenues & Volume, By Construction, 2021- 2031F  | 
6.4.5 Latvia Heavy Commercial Truck Market Revenues & Volume, By Mining, 2021- 2031F  | 
7 Latvia Heavy Commercial Truck Market Import-Export Trade Statistics  | 
7.1 Latvia Heavy Commercial Truck Market Export to Major Countries  | 
7.2 Latvia Heavy Commercial Truck Market Imports from Major Countries  | 
8 Latvia Heavy Commercial Truck Market Key Performance Indicators  | 
8.1 Average age of heavy commercial trucks in operation  | 
8.2 Number of new infrastructure projects announced or initiated  | 
8.3 Road freight transport volume trend  | 
8.4 Average distance traveled by heavy commercial trucks per year  | 
9 Latvia Heavy Commercial Truck Market - Opportunity Assessment  | 
9.1 Latvia Heavy Commercial Truck Market Opportunity Assessment, By Truck Type, 2021 & 2031F  | 
9.2 Latvia Heavy Commercial Truck Market Opportunity Assessment, By Class, 2021 & 2031F  | 
9.3 Latvia Heavy Commercial Truck Market Opportunity Assessment, By Fuel, 2021 & 2031F  | 
9.4 Latvia Heavy Commercial Truck Market Opportunity Assessment, By Application, 2021 & 2031F  | 
10 Latvia Heavy Commercial Truck Market - Competitive Landscape  | 
10.1 Latvia Heavy Commercial Truck Market Revenue Share, By Companies, 2024  | 
10.2 Latvia Heavy Commercial Truck Market Competitive Benchmarking, By Operating and Technical Parameters  | 
11 Company Profiles  | 
12 Recommendations  | 
13 Disclaimer  |