| Product Code: ETC7912694 | 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-duty truck imports, with Germany, Estonia, Poland, Lithuania, and the Netherlands emerging as the top exporting countries. Despite a significant decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020-24 remained positive at 7.22%. This data suggests a stable market for heavy-duty trucks in Latvia, with key players maintaining their position in the import market.
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 Duty Trucks Market Overview  | 
3.1 Latvia Country Macro Economic Indicators  | 
3.2 Latvia Heavy Duty Trucks Market Revenues & Volume, 2021 & 2031F  | 
3.3 Latvia Heavy Duty Trucks Market - Industry Life Cycle  | 
3.4 Latvia Heavy Duty Trucks Market - Porter's Five Forces  | 
3.5 Latvia Heavy Duty Trucks Market Revenues & Volume Share, By Class, 2021 & 2031F  | 
3.6 Latvia Heavy Duty Trucks Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F  | 
3.7 Latvia Heavy Duty Trucks Market Revenues & Volume Share, By Application Type, 2021 & 2031F  | 
4 Latvia Heavy Duty Trucks Market Dynamics  | 
4.1 Impact Analysis  | 
4.2 Market Drivers  | 
4.2.1 Growing construction and infrastructure projects in Latvia  | 
4.2.2 Increasing demand for transportation services in the region  | 
4.2.3 Government investments in road infrastructure development  | 
4.3 Market Restraints  | 
4.3.1 Economic instability impacting purchasing power  | 
4.3.2 Stringent regulations on emissions and vehicle safety standards  | 
5 Latvia Heavy Duty Trucks Market Trends  | 
6 Latvia Heavy Duty Trucks Market, By Types  | 
6.1 Latvia Heavy Duty Trucks Market, By Class  | 
6.1.1 Overview and Analysis  | 
6.1.2 Latvia Heavy Duty Trucks Market Revenues & Volume, By Class, 2021- 2031F  | 
6.1.3 Latvia Heavy Duty Trucks Market Revenues & Volume, By Class 5, 2021- 2031F  | 
6.1.4 Latvia Heavy Duty Trucks Market Revenues & Volume, By Class 6, 2021- 2031F  | 
6.1.5 Latvia Heavy Duty Trucks Market Revenues & Volume, By Class 7, 2021- 2031F  | 
6.1.6 Latvia Heavy Duty Trucks Market Revenues & Volume, By Class 8, 2021- 2031F  | 
6.2 Latvia Heavy Duty Trucks Market, By Fuel Type  | 
6.2.1 Overview and Analysis  | 
6.2.2 Latvia Heavy Duty Trucks Market Revenues & Volume, By Gasoline, 2021- 2031F  | 
6.2.3 Latvia Heavy Duty Trucks Market Revenues & Volume, By Diesel, 2021- 2031F  | 
6.2.4 Latvia Heavy Duty Trucks Market Revenues & Volume, By Electric, 2021- 2031F  | 
6.2.5 Latvia Heavy Duty Trucks Market Revenues & Volume, By Alternative Fuels, 2021- 2031F  | 
6.3 Latvia Heavy Duty Trucks Market, By Application Type  | 
6.3.1 Overview and Analysis  | 
6.3.2 Latvia Heavy Duty Trucks Market Revenues & Volume, By Construction and Mining, 2021- 2031F  | 
6.3.3 Latvia Heavy Duty Trucks Market Revenues & Volume, By Freight and Logistics, 2021- 2031F  | 
6.3.4 Latvia Heavy Duty Trucks Market Revenues & Volume, By Others, 2021- 2031F  | 
7 Latvia Heavy Duty Trucks Market Import-Export Trade Statistics  | 
7.1 Latvia Heavy Duty Trucks Market Export to Major Countries  | 
7.2 Latvia Heavy Duty Trucks Market Imports from Major Countries  | 
8 Latvia Heavy Duty Trucks Market Key Performance Indicators  | 
8.1 Average age of heavy-duty trucks in operation  | 
8.2 Number of new heavy-duty truck registrations  | 
8.3 Volume of goods transported by heavy-duty trucks  | 
8.4 Average utilization rate of heavy-duty trucks  | 
8.5 Number of road infrastructure projects in progress  | 
9 Latvia Heavy Duty Trucks Market - Opportunity Assessment  | 
9.1 Latvia Heavy Duty Trucks Market Opportunity Assessment, By Class, 2021 & 2031F  | 
9.2 Latvia Heavy Duty Trucks Market Opportunity Assessment, By Fuel Type, 2021 & 2031F  | 
9.3 Latvia Heavy Duty Trucks Market Opportunity Assessment, By Application Type, 2021 & 2031F  | 
10 Latvia Heavy Duty Trucks Market - Competitive Landscape  | 
10.1 Latvia Heavy Duty Trucks Market Revenue Share, By Companies, 2024  | 
10.2 Latvia Heavy Duty Trucks Market Competitive Benchmarking, By Operating and Technical Parameters  | 
11 Company Profiles  | 
12 Recommendations  | 
13 Disclaimer  |