| Product Code: ETC5192108 | 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 |
The industrial robotics import shipments to Latvia saw a notable shift in concentration from high in 2023 to low in 2024, indicating a more diversified import market. Top exporting countries in 2024 include Sweden, Germany, Australia, Lithuania, and Austria. Despite a negative growth rate of -43.88% from 2023 to 2024, the compound annual growth rate (CAGR) for the period of 2020-2024 stands at a healthy 8.28%, reflecting a steady overall growth trend in the import of industrial robotics in Latvia.

The Industrial Robotics market in Latvia is projected to grow at a stable growth rate of 3.37% 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.

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 Industrial Robotics Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Industrial Robotics Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Industrial Robotics Market - Industry Life Cycle |
3.4 Latvia Industrial Robotics Market - Porter's Five Forces |
3.5 Latvia Industrial Robotics Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Industrial Robotics Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
3.7 Latvia Industrial Robotics Market Revenues & Volume Share, By Function, 2021 & 2031F |
4 Latvia Industrial Robotics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on automation and efficiency in manufacturing processes |
4.2.2 Growing demand for robotics in industries such as automotive, electronics, and pharmaceuticals |
4.2.3 Technological advancements leading to more sophisticated and cost-effective industrial robots |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with industrial robotics |
4.3.2 Lack of skilled workforce to operate and maintain industrial robots |
4.3.3 Concerns regarding job displacement and resistance to automation in certain industries |
5 Latvia Industrial Robotics Market Trends |
6 Latvia Industrial Robotics Market Segmentations |
6.1 Latvia Industrial Robotics Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Industrial Robotics Market Revenues & Volume, By Articulated, 2021-2031F |
6.1.3 Latvia Industrial Robotics Market Revenues & Volume, By Cartesian, 2021-2031F |
6.1.4 Latvia Industrial Robotics Market Revenues & Volume, By Scara, 2021-2031F |
6.1.5 Latvia Industrial Robotics Market Revenues & Volume, By Cylindrical, 2021-2031F |
6.1.6 Latvia Industrial Robotics Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Industrial Robotics Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Industrial Robotics Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Latvia Industrial Robotics Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2.4 Latvia Industrial Robotics Market Revenues & Volume, By Chemical Rubber & Plastics, 2021-2031F |
6.2.5 Latvia Industrial Robotics Market Revenues & Volume, By Machinery, 2021-2031F |
6.2.6 Latvia Industrial Robotics Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.2.7 Latvia Industrial Robotics Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Industrial Robotics Market, By Function |
6.3.1 Overview and Analysis |
6.3.2 Latvia Industrial Robotics Market Revenues & Volume, By Soldering & Welding, 2021-2031F |
6.3.3 Latvia Industrial Robotics Market Revenues & Volume, By Materials Handling, 2021-2031F |
6.3.4 Latvia Industrial Robotics Market Revenues & Volume, By Assembling & Disassembling, 2021-2031F |
6.3.5 Latvia Industrial Robotics Market Revenues & Volume, By Painting & Dispensing, 2021-2031F |
6.3.6 Latvia Industrial Robotics Market Revenues & Volume, By Milling, Cutting, & Processing, 2021-2031F |
6.3.7 Latvia Industrial Robotics Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Industrial Robotics Market Import-Export Trade Statistics |
7.1 Latvia Industrial Robotics Market Export to Major Countries |
7.2 Latvia Industrial Robotics Market Imports from Major Countries |
8 Latvia Industrial Robotics Market Key Performance Indicators |
8.1 Number of new industrial robotics installations in Latvia |
8.2 Adoption rate of industrial robots in key industries |
8.3 Efficiency gains and cost savings achieved through the use of industrial robotics |
9 Latvia Industrial Robotics Market - Opportunity Assessment |
9.1 Latvia Industrial Robotics Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Industrial Robotics Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
9.3 Latvia Industrial Robotics Market Opportunity Assessment, By Function, 2021 & 2031F |
10 Latvia Industrial Robotics Market - Competitive Landscape |
10.1 Latvia Industrial Robotics Market Revenue Share, By Companies, 2024 |
10.2 Latvia Industrial Robotics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |