| Product Code: ETC5872384 | 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 | |
In 2024, Latvia continued to see strong import shipments of modular trailers, with top exporting countries being Germany, Lithuania, Poland, Estonia, and Denmark. Despite a high Herfindahl-Hirschman Index (HHI) indicating concentration among suppliers, the market showed impressive growth with a compound annual growth rate (CAGR) of 25.96% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024, with a decrease of -33.23%. This suggests a shifting landscape in the modular trailer market in Latvia, potentially influenced by various factors impacting trade dynamics.
| 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 Modular Trailer Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Modular Trailer Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Modular Trailer Market - Industry Life Cycle | 
| 3.4 Latvia Modular Trailer Market - Porter's Five Forces | 
| 3.5 Latvia Modular Trailer Market Revenues & Volume Share, By Type, 2021 & 2031F | 
| 3.6 Latvia Modular Trailer Market Revenues & Volume Share, By Axles, 2021 & 2031F | 
| 3.7 Latvia Modular Trailer Market Revenues & Volume Share, By Application, 2021 & 2031F | 
| 4 Latvia Modular Trailer Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing demand for efficient transportation solutions | 
| 4.2.2 Growing focus on reducing carbon footprint and promoting sustainability | 
| 4.2.3 Infrastructure development projects driving the need for modular trailers | 
| 4.3 Market Restraints | 
| 4.3.1 High initial investment cost for modular trailers | 
| 4.3.2 Limited awareness and adoption of modular trailers in Latvia | 
| 4.3.3 Regulatory challenges and compliance requirements | 
| 5 Latvia Modular Trailer Market Trends | 
| 6 Latvia Modular Trailer Market Segmentations | 
| 6.1 Latvia Modular Trailer Market, By Type | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Modular Trailer Market Revenues & Volume, By Multi-Axle, 2021-2031F | 
| 6.1.3 Latvia Modular Trailer Market Revenues & Volume, By Telescopic/Extendable, 2021-2031F | 
| 6.1.4 Latvia Modular Trailer Market Revenues & Volume, By Lowboy Trailer, 2021-2031F | 
| 6.2 Latvia Modular Trailer Market, By Axles | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Latvia Modular Trailer Market Revenues & Volume, By 2, 2021-2031F | 
| 6.2.3 Latvia Modular Trailer Market Revenues & Volume, By >2 Axles, 2021-2031F | 
| 6.3 Latvia Modular Trailer Market, By Application | 
| 6.3.1 Overview and Analysis | 
| 6.3.2 Latvia Modular Trailer Market Revenues & Volume, By Construction & Infrastructure, 2021-2031F | 
| 6.3.3 Latvia Modular Trailer Market Revenues & Volume, By Mining, 2021-2031F | 
| 6.3.4 Latvia Modular Trailer Market Revenues & Volume, By Wind & Energy , 2021-2031F | 
| 6.3.5 Latvia Modular Trailer Market Revenues & Volume, By Heavy Engineering, 2021-2031F | 
| 7 Latvia Modular Trailer Market Import-Export Trade Statistics | 
| 7.1 Latvia Modular Trailer Market Export to Major Countries | 
| 7.2 Latvia Modular Trailer Market Imports from Major Countries | 
| 8 Latvia Modular Trailer Market Key Performance Indicators | 
| 8.1 Average utilization rate of modular trailers | 
| 8.2 Number of infrastructure projects using modular trailers | 
| 8.3 Percentage of companies incorporating sustainable transportation practices | 
| 9 Latvia Modular Trailer Market - Opportunity Assessment | 
| 9.1 Latvia Modular Trailer Market Opportunity Assessment, By Type, 2021 & 2031F | 
| 9.2 Latvia Modular Trailer Market Opportunity Assessment, By Axles, 2021 & 2031F | 
| 9.3 Latvia Modular Trailer Market Opportunity Assessment, By Application, 2021 & 2031F | 
| 10 Latvia Modular Trailer Market - Competitive Landscape | 
| 10.1 Latvia Modular Trailer Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Modular Trailer Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |