| Product Code: ETC5693898 | 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 |
In 2024, Latvia continued to rely on imports of micro injection molding machines, with top exporters being China, Germany, USA, Netherlands, and Austria. The High Herfindahl-Hirschman Index (HHI) indicates a market with very high concentration. The industry demonstrated strong growth with a Compound Annual Growth Rate (CAGR) of 8.17% from 2020 to 2024. The growth rate spiked significantly from 2023 to 2024, showing a remarkable 64.49% increase. These trends suggest a robust demand for micro injection molding machines in Latvia, driven by technological advancements and industrial expansion.

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 Micro Injection Molding Machine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Micro Injection Molding Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Micro Injection Molding Machine Market - Industry Life Cycle |
3.4 Latvia Micro Injection Molding Machine Market - Porter's Five Forces |
3.5 Latvia Micro Injection Molding Machine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Micro Injection Molding Machine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Micro Injection Molding Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for small and precise plastic components in industries such as electronics, automotive, and medical devices. |
4.2.2 Growing trend towards miniaturization of products requiring micro injection molding machines. |
4.2.3 Technological advancements leading to improved efficiency and accuracy in micro injection molding processes. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with acquiring and setting up micro injection molding machines. |
4.3.2 Lack of skilled workforce proficient in operating and maintaining micro injection molding machines. |
4.3.3 Limited availability of raw materials suitable for micro injection molding processes. |
5 Latvia Micro Injection Molding Machine Market Trends |
6 Latvia Micro Injection Molding Machine Market Segmentations |
6.1 Latvia Micro Injection Molding Machine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Micro Injection Molding Machine Market Revenues & Volume, By 0-10 tons, 2021-2031F |
6.1.3 Latvia Micro Injection Molding Machine Market Revenues & Volume, By 10-30 tons , 2021-2031F |
6.1.4 Latvia Micro Injection Molding Machine Market Revenues & Volume, By 30-40 tons, 2021-2031F |
6.2 Latvia Micro Injection Molding Machine Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Micro Injection Molding Machine Market Revenues & Volume, By Medical, 2021-2031F |
6.2.3 Latvia Micro Injection Molding Machine Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Latvia Micro Injection Molding Machine Market Revenues & Volume, By Fiber Optics, 2021-2031F |
6.2.5 Latvia Micro Injection Molding Machine Market Revenues & Volume, By Electronics, 2021-2031F |
7 Latvia Micro Injection Molding Machine Market Import-Export Trade Statistics |
7.1 Latvia Micro Injection Molding Machine Market Export to Major Countries |
7.2 Latvia Micro Injection Molding Machine Market Imports from Major Countries |
8 Latvia Micro Injection Molding Machine Market Key Performance Indicators |
8.1 Scrap and reject rate: Lower rates indicate efficient production processes and quality control. |
8.2 Machine uptime: Higher uptime signifies better operational efficiency and productivity. |
8.3 Energy consumption per unit: Reduction in energy consumption per unit shows improved sustainability and cost-effectiveness. |
8.4 Cycle time: Decrease in cycle time indicates enhanced production efficiency and capacity utilization. |
8.5 Defect rate: Lower defect rates demonstrate better product quality and process control. |
9 Latvia Micro Injection Molding Machine Market - Opportunity Assessment |
9.1 Latvia Micro Injection Molding Machine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Micro Injection Molding Machine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Micro Injection Molding Machine Market - Competitive Landscape |
10.1 Latvia Micro Injection Molding Machine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Micro Injection Molding Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |