| Product Code: ETC12916981 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia continues to rely on imports of marine diesel engines, with Germany, Japan, Poland, Italy, and the UK emerging as the top exporting countries in 2024. Despite a challenging market environment, the Herfindahl-Hirschman Index (HHI) indicates high concentration among suppliers. The industry experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -15.73% from 2020 to 2024. However, there was a notable uptick in growth in 2024, with a growth rate of 32.14% compared to the previous year, signaling potential opportunities for market recovery and expansion in the near future.

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 Marine Diesel Engine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Marine Diesel Engine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Marine Diesel Engine Market - Industry Life Cycle |
3.4 Latvia Marine Diesel Engine Market - Porter's Five Forces |
3.5 Latvia Marine Diesel Engine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Marine Diesel Engine Market Revenues & Volume Share, By Power Output (HP), 2021 & 2031F |
3.7 Latvia Marine Diesel Engine Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.8 Latvia Marine Diesel Engine Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Marine Diesel Engine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for marine transport services in Latvia |
4.2.2 Growth in maritime trade, leading to higher demand for marine diesel engines |
4.2.3 Government initiatives promoting sustainable shipping practices |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting manufacturing costs |
4.3.2 Stringent environmental regulations increasing compliance costs for marine diesel engines |
4.3.3 Competition from alternative fuel sources and technologies |
5 Latvia Marine Diesel Engine Market Trends |
6 Latvia Marine Diesel Engine Market, By Types |
6.1 Latvia Marine Diesel Engine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Marine Diesel Engine Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Marine Diesel Engine Market Revenues & Volume, By 2-Stroke, 2021 - 2031F |
6.1.4 Latvia Marine Diesel Engine Market Revenues & Volume, By 4-Stroke, 2021 - 2031F |
6.1.5 Latvia Marine Diesel Engine Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.2 Latvia Marine Diesel Engine Market, By Power Output (HP) |
6.2.1 Overview and Analysis |
6.2.2 Latvia Marine Diesel Engine Market Revenues & Volume, By Below 5,000, 2021 - 2031F |
6.2.3 Latvia Marine Diesel Engine Market Revenues & Volume, By 5,000-20,000, 2021 - 2031F |
6.2.4 Latvia Marine Diesel Engine Market Revenues & Volume, By Above 20,000, 2021 - 2031F |
6.3 Latvia Marine Diesel Engine Market, By Fuel Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Marine Diesel Engine Market Revenues & Volume, By Heavy Fuel Oil, 2021 - 2031F |
6.3.3 Latvia Marine Diesel Engine Market Revenues & Volume, By Marine Diesel, 2021 - 2031F |
6.3.4 Latvia Marine Diesel Engine Market Revenues & Volume, By LNG, 2021 - 2031F |
6.4 Latvia Marine Diesel Engine Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Latvia Marine Diesel Engine Market Revenues & Volume, By Commercial Ships, 2021 - 2031F |
6.4.3 Latvia Marine Diesel Engine Market Revenues & Volume, By Naval Ships, 2021 - 2031F |
6.4.4 Latvia Marine Diesel Engine Market Revenues & Volume, By Offshore Vessels, 2021 - 2031F |
7 Latvia Marine Diesel Engine Market Import-Export Trade Statistics |
7.1 Latvia Marine Diesel Engine Market Export to Major Countries |
7.2 Latvia Marine Diesel Engine Market Imports from Major Countries |
8 Latvia Marine Diesel Engine Market Key Performance Indicators |
8.1 Average age of marine diesel engines in Latvia |
8.2 Number of new ship registrations in Latvia |
8.3 Investment in infrastructure for maritime transport in Latvia |
9 Latvia Marine Diesel Engine Market - Opportunity Assessment |
9.1 Latvia Marine Diesel Engine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Marine Diesel Engine Market Opportunity Assessment, By Power Output (HP), 2021 & 2031F |
9.3 Latvia Marine Diesel Engine Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.4 Latvia Marine Diesel Engine Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Marine Diesel Engine Market - Competitive Landscape |
10.1 Latvia Marine Diesel Engine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Marine Diesel Engine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |