| Product Code: ETC5192507 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Latvia`s injection molding machine import market continued to show significant growth in 2024, with top exporting countries being China, Germany, USA, Netherlands, and Austria. The market remained highly concentrated, indicating strong competition among suppliers. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 8.17%, with a notable growth rate of 64.49% from 2023 to 2024. This data suggests a robust demand for injection molding machines in Latvia and highlights the importance of key exporting countries in meeting this demand.
In the Europe region, the Injection Molding Machine market in Latvia is projected to expand at a high growth rate of 10.03% 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 Injection Molding Machine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Injection Molding Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Injection Molding Machine Market - Industry Life Cycle |
3.4 Latvia Injection Molding Machine Market - Porter's Five Forces |
3.5 Latvia Injection Molding Machine Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Latvia Injection Molding Machine Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Latvia Injection Molding Machine Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Injection Molding Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision components in industries like automotive, electronics, and healthcare driving the need for injection molding machines. |
4.2.2 Government initiatives promoting manufacturing and industrial growth in Latvia. |
4.2.3 Technological advancements in injection molding machines leading to improved efficiency and productivity. |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with injection molding machines. |
4.3.2 Fluctuating raw material prices impacting the overall production costs. |
4.3.3 Lack of skilled workforce in operating and maintaining injection molding machines. |
5 Latvia Injection Molding Machine Market Trends |
6 Latvia Injection Molding Machine Market Segmentations |
6.1 Latvia Injection Molding Machine Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Latvia Injection Molding Machine Market Revenues & Volume, By Plastic, 2021-2031F |
6.1.3 Latvia Injection Molding Machine Market Revenues & Volume, By Metal, 2021-2031F |
6.1.4 Latvia Injection Molding Machine Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Injection Molding Machine Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Latvia Injection Molding Machine Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.2.3 Latvia Injection Molding Machine Market Revenues & Volume, By Electric, 2021-2031F |
6.2.4 Latvia Injection Molding Machine Market Revenues & Volume, By Hybrid, 2021-2031F |
6.3 Latvia Injection Molding Machine Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Injection Molding Machine Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.3 Latvia Injection Molding Machine Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.3.4 Latvia Injection Molding Machine Market Revenues & Volume, By Packaging, 2021-2031F |
6.3.5 Latvia Injection Molding Machine Market Revenues & Volume, By Electronics, 2021-2031F |
6.3.6 Latvia Injection Molding Machine Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Injection Molding Machine Market Import-Export Trade Statistics |
7.1 Latvia Injection Molding Machine Market Export to Major Countries |
7.2 Latvia Injection Molding Machine Market Imports from Major Countries |
8 Latvia Injection Molding Machine Market Key Performance Indicators |
8.1 Average cycle time: measuring the time taken for each injection molding cycle, a decrease in cycle time indicates improved efficiency. |
8.2 Scrap rate: monitoring the amount of material wasted during the injection molding process, a lower scrap rate indicates better cost efficiency. |
8.3 Machine utilization rate: tracking the percentage of time injection molding machines are in operation, higher utilization rates indicate better productivity. |
8.4 Energy consumption per unit: measuring the energy consumed per unit of production, optimizing energy consumption leads to cost savings and sustainability. |
8.5 Customer satisfaction index: gauging customer feedback on product quality, delivery times, and service, higher satisfaction levels can drive repeat business and referrals. |
9 Latvia Injection Molding Machine Market - Opportunity Assessment |
9.1 Latvia Injection Molding Machine Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Latvia Injection Molding Machine Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Latvia Injection Molding Machine Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Injection Molding Machine Market - Competitive Landscape |
10.1 Latvia Injection Molding Machine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Injection Molding Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |