| Product Code: ETC7915708 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to rely heavily on imports of mini midi horizontal directional drilling equipment, with the top exporting countries being the USA, Estonia, Sweden, Finland, and China. Despite a high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a significant decline in CAGR from 2020 to 2024 at -22.34%. The growth rate in 2024 plummeted by -65.73%, reflecting challenges and shifts within the industry. It will be crucial for market players to adapt to these changing dynamics to sustain and grow their presence in the Latvian market.

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 Mini Midi Horizontal Directional Drilling Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Mini Midi Horizontal Directional Drilling Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Mini Midi Horizontal Directional Drilling Market - Industry Life Cycle |
3.4 Latvia Mini Midi Horizontal Directional Drilling Market - Porter's Five Forces |
3.5 Latvia Mini Midi Horizontal Directional Drilling Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Mini Midi Horizontal Directional Drilling Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Mini Midi Horizontal Directional Drilling Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for efficient and precise underground utility installations |
4.2.2 Growing focus on infrastructure development projects in Latvia |
4.2.3 Advancements in directional drilling technology and equipment |
4.2.4 Government initiatives promoting the use of trenchless technologies |
4.3 Market Restraints |
4.3.1 High initial investment cost for mini midi horizontal directional drilling equipment |
4.3.2 Limited availability of skilled workforce in the drilling industry |
4.3.3 Environmental concerns and regulations related to drilling activities |
5 Latvia Mini Midi Horizontal Directional Drilling Market Trends |
6 Latvia Mini Midi Horizontal Directional Drilling Market, By Types |
6.1 Latvia Mini Midi Horizontal Directional Drilling Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Mini Midi Horizontal Directional Drilling Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Mini Midi Horizontal Directional Drilling Market Revenues & Volume, By Utility vibratory plow, 2021- 2031F |
6.1.4 Latvia Mini Midi Horizontal Directional Drilling Market Revenues & Volume, By Utility tractor, 2021- 2031F |
6.1.5 Latvia Mini Midi Horizontal Directional Drilling Market Revenues & Volume, By Pile driver, 2021- 2031F |
6.1.6 Latvia Mini Midi Horizontal Directional Drilling Market Revenues & Volume, By Foundation machines, 2021- 2031F |
6.1.7 Latvia Mini Midi Horizontal Directional Drilling Market Revenues & Volume, By Boring machines, 2021- 2031F |
6.1.8 Latvia Mini Midi Horizontal Directional Drilling Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Mini Midi Horizontal Directional Drilling Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Mini Midi Horizontal Directional Drilling Market Revenues & Volume, By Onshore, 2021- 2031F |
6.2.3 Latvia Mini Midi Horizontal Directional Drilling Market Revenues & Volume, By Offshore, 2021- 2031F |
7 Latvia Mini Midi Horizontal Directional Drilling Market Import-Export Trade Statistics |
7.1 Latvia Mini Midi Horizontal Directional Drilling Market Export to Major Countries |
7.2 Latvia Mini Midi Horizontal Directional Drilling Market Imports from Major Countries |
8 Latvia Mini Midi Horizontal Directional Drilling Market Key Performance Indicators |
8.1 Average project completion time |
8.2 Percentage increase in the adoption of mini midi horizontal directional drilling technology |
8.3 Number of infrastructure projects utilizing trenchless technologies |
8.4 Rate of equipment utilization |
8.5 Customer satisfaction ratings for directional drilling services |
9 Latvia Mini Midi Horizontal Directional Drilling Market - Opportunity Assessment |
9.1 Latvia Mini Midi Horizontal Directional Drilling Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Mini Midi Horizontal Directional Drilling Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Mini Midi Horizontal Directional Drilling Market - Competitive Landscape |
10.1 Latvia Mini Midi Horizontal Directional Drilling Market Revenue Share, By Companies, 2024 |
10.2 Latvia Mini Midi Horizontal Directional Drilling Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |