Latvia Lifebuoy Rings Market (2025-2031) | Industry, Segmentation, Analysis, Growth, Size, Trends, Forecast, Share, Companies, Revenue, Value & Outlook
Market Forecast By Product Type (Inherently Buoyant, Inflatable), By Raw Material (Nylon, Foam, Plastic) And Competitive Landscape
| Product Code: ETC5405440 | 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 Lifebuoy Rings Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Latvia continued to import lifebuoy rings mainly from Germany, Poland, China, Lithuania, and Italy. Despite the diverse sources, the market remained highly competitive with very low concentration indicated by the Herfindahl-Hirschman Index (HHI). The industry demonstrated strong growth with a Compound Annual Growth Rate (CAGR) of 7.68% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -12.45%, possibly reflecting market adjustments or external factors. Overall, the import market for lifebuoy rings in Latvia shows resilience and potential for further development.
Key Highlights of the Report:
- Latvia Lifebuoy Rings Market Outlook
- Market Size of Latvia Lifebuoy Rings Market, 2024
- Forecast of Latvia Lifebuoy Rings Market, 2031
- Historical Data and Forecast of Latvia Lifebuoy Rings Revenues & Volume for the Period 2021-2031
- Latvia Lifebuoy Rings Market Trend Evolution
- Latvia Lifebuoy Rings Market Drivers and Challenges
- Latvia Lifebuoy Rings Price Trends
- Latvia Lifebuoy Rings Porter`s Five Forces
- Latvia Lifebuoy Rings Industry Life Cycle
- Historical Data and Forecast of Latvia Lifebuoy Rings Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Lifebuoy Rings Market Revenues & Volume By Inherently Buoyant for the Period 2021-2031
- Historical Data and Forecast of Latvia Lifebuoy Rings Market Revenues & Volume By Inflatable for the Period 2021-2031
- Historical Data and Forecast of Latvia Lifebuoy Rings Market Revenues & Volume By Raw Material for the Period 2021-2031
- Historical Data and Forecast of Latvia Lifebuoy Rings Market Revenues & Volume By Nylon for the Period 2021-2031
- Historical Data and Forecast of Latvia Lifebuoy Rings Market Revenues & Volume By Foam for the Period 2021-2031
- Historical Data and Forecast of Latvia Lifebuoy Rings Market Revenues & Volume By Plastic for the Period 2021-2031
- Latvia Lifebuoy Rings Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Raw Material
- Latvia Lifebuoy Rings Top Companies Market Share
- Latvia Lifebuoy Rings Competitive Benchmarking By Technical and Operational Parameters
- Latvia Lifebuoy Rings Company Profiles
- Latvia Lifebuoy Rings Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Lifebuoy Rings 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 Lifebuoy Rings 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 Lifebuoy Rings Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Lifebuoy Rings Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Lifebuoy Rings Market - Industry Life Cycle |
3.4 Latvia Lifebuoy Rings Market - Porter's Five Forces |
3.5 Latvia Lifebuoy Rings Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Lifebuoy Rings Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
4 Latvia Lifebuoy Rings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about water safety and drowning prevention in Latvia |
4.2.2 Growth in water-related recreational activities and tourism in Latvia |
4.2.3 Implementation of stricter safety regulations and policies regarding water activities |
4.3 Market Restraints |
4.3.1 Seasonality in demand for lifebuoy rings due to weather conditions |
4.3.2 Competition from alternative water safety products or devices |
4.3.3 Economic fluctuations impacting consumer spending on recreational items |
5 Latvia Lifebuoy Rings Market Trends |
6 Latvia Lifebuoy Rings Market Segmentations |
6.1 Latvia Lifebuoy Rings Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Lifebuoy Rings Market Revenues & Volume, By Inherently Buoyant, 2021-2031F | 6.1.4 Latvia Lifebuoy Rings Market Revenues & Volume, By Inflatable, 2021-2031F |
6.2 Latvia Lifebuoy Rings Market, By Raw Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia Lifebuoy Rings Market Revenues & Volume, By Nylon, 2021-2031F |
6.2.3 Latvia Lifebuoy Rings Market Revenues & Volume, By Foam, 2021-2031F |
6.2.4 Latvia Lifebuoy Rings Market Revenues & Volume, By Plastic, 2021-2031F |
7 Latvia Lifebuoy Rings Market Import-Export Trade Statistics |
7.1 Latvia Lifebuoy Rings Market Export to Major Countries |
7.2 Latvia Lifebuoy Rings Market Imports from Major Countries |
8 Latvia Lifebuoy Rings Market Key Performance Indicators |
8.1 Number of water-related accidents and drownings in Latvia |
8.2 Percentage of households owning a lifebuoy ring for water safety |
8.3 Number of water-based events and activities in Latvia where lifebuoy rings are required |
8.4 Percentage of compliance with water safety regulations and policies in recreational areas |
9 Latvia Lifebuoy Rings Market - Opportunity Assessment |
9.1 Latvia Lifebuoy Rings Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Lifebuoy Rings Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
10 Latvia Lifebuoy Rings Market - Competitive Landscape |
10.1 Latvia Lifebuoy Rings Market Revenue Share, By Companies, 2024 |
10.2 Latvia Lifebuoy Rings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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