Latvia Motorcycle Market (2025-2031) | Analysis, Revenue, Share, Outlook, Trends, Value, Forecast, Size, Growth, Industry, Companies & Segmentation
Market Forecast By Type (Adventure, Cruiser, Mopeds, Sports, Standard, Touring), By Engine Capacity (151-300 CC, 301-500 CC, 501-800 CC, 801-1000 CC, 1001-1600 CC, Above 1600 CC) And Competitive Landscape
| Product Code: ETC5378175 | 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 Motorcycle Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Latvia continued to see a strong CAGR of 9.21% in motorcycle import shipments, with top exporting countries being Austria, Estonia, Germany, Lithuania, and China. Despite a slight decline in growth rate from 2023 to 2024 (-7.73%), the market remained highly concentrated with a high Herfindahl-Hirschman Index (HHI). The influx of imports from key countries indicates a steady demand for motorcycles in Latvia, suggesting continued opportunities for market expansion and development in the coming years.
Motorcycle Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
In the Europe region, the Motorcycle market in Latvia is projected to expand at a stable growth rate of 4.40% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.
Key Highlights of the Report:
- Latvia Motorcycle Market Outlook
- Market Size of Latvia Motorcycle Market, 2024
- Forecast of Latvia Motorcycle Market, 2031
- Historical Data and Forecast of Latvia Motorcycle Revenues & Volume for the Period 2021-2031
- Latvia Motorcycle Market Trend Evolution
- Latvia Motorcycle Market Drivers and Challenges
- Latvia Motorcycle Price Trends
- Latvia Motorcycle Porter`s Five Forces
- Latvia Motorcycle Industry Life Cycle
- Historical Data and Forecast of Latvia Motorcycle Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Motorcycle Market Revenues & Volume By Adventure for the Period 2021-2031
- Historical Data and Forecast of Latvia Motorcycle Market Revenues & Volume By Cruiser for the Period 2021-2031
- Historical Data and Forecast of Latvia Motorcycle Market Revenues & Volume By Mopeds for the Period 2021-2031
- Historical Data and Forecast of Latvia Motorcycle Market Revenues & Volume By Sports for the Period 2021-2031
- Historical Data and Forecast of Latvia Motorcycle Market Revenues & Volume By Standard for the Period 2021-2031
- Historical Data and Forecast of Latvia Motorcycle Market Revenues & Volume By Touring for the Period 2021-2031
- Historical Data and Forecast of Latvia Motorcycle Market Revenues & Volume By Engine Capacity for the Period 2021-2031
- Historical Data and Forecast of Latvia Motorcycle Market Revenues & Volume By 151-300 CC for the Period 2021-2031
- Historical Data and Forecast of Latvia Motorcycle Market Revenues & Volume By 301-500 CC for the Period 2021-2031
- Historical Data and Forecast of Latvia Motorcycle Market Revenues & Volume By 501-800 CC for the Period 2021-2031
- Historical Data and Forecast of Latvia Motorcycle Market Revenues & Volume By 801-1000 CC for the Period 2021-2031
- Historical Data and Forecast of Latvia Motorcycle Market Revenues & Volume By 1001-1600 CC for the Period 2021-2031
- Historical Data and Forecast of Latvia Motorcycle Market Revenues & Volume By Above 1600 CC for the Period 2021-2031
- Latvia Motorcycle Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Engine Capacity
- Latvia Motorcycle Top Companies Market Share
- Latvia Motorcycle Competitive Benchmarking By Technical and Operational Parameters
- Latvia Motorcycle Company Profiles
- Latvia Motorcycle Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Motorcycle 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 Motorcycle 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 Motorcycle Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Motorcycle Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Motorcycle Market - Industry Life Cycle |
3.4 Latvia Motorcycle Market - Porter's Five Forces |
3.5 Latvia Motorcycle Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Motorcycle Market Revenues & Volume Share, By Engine Capacity, 2021 & 2031F |
4 Latvia Motorcycle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing interest in recreational activities and adventure sports |
4.2.2 Growing popularity of motorcycles as a convenient mode of transport in urban areas |
4.2.3 Rising disposable income leading to higher purchasing power for recreational vehicles |
4.3 Market Restraints |
4.3.1 Stringent government regulations related to vehicle emissions and safety standards |
4.3.2 Seasonal variations in demand due to weather conditions |
4.3.3 High import tariffs on motorcycles affecting pricing and affordability |
5 Latvia Motorcycle Market Trends |
6 Latvia Motorcycle Market Segmentations |
6.1 Latvia Motorcycle Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Motorcycle Market Revenues & Volume, By Adventure, 2021-2031F |
6.1.3 Latvia Motorcycle Market Revenues & Volume, By Cruiser, 2021-2031F |
6.1.4 Latvia Motorcycle Market Revenues & Volume, By Mopeds, 2021-2031F |
6.1.5 Latvia Motorcycle Market Revenues & Volume, By Sports, 2021-2031F |
6.1.6 Latvia Motorcycle Market Revenues & Volume, By Standard, 2021-2031F |
6.1.7 Latvia Motorcycle Market Revenues & Volume, By Touring, 2021-2031F |
6.2 Latvia Motorcycle Market, By Engine Capacity |
6.2.1 Overview and Analysis |
6.2.2 Latvia Motorcycle Market Revenues & Volume, By 151-300 CC, 2021-2031F |
6.2.3 Latvia Motorcycle Market Revenues & Volume, By 301-500 CC, 2021-2031F |
6.2.4 Latvia Motorcycle Market Revenues & Volume, By 501-800 CC, 2021-2031F |
6.2.5 Latvia Motorcycle Market Revenues & Volume, By 801-1000 CC, 2021-2031F |
6.2.6 Latvia Motorcycle Market Revenues & Volume, By 1001-1600 CC, 2021-2031F |
6.2.7 Latvia Motorcycle Market Revenues & Volume, By Above 1600 CC, 2021-2031F |
7 Latvia Motorcycle Market Import-Export Trade Statistics |
7.1 Latvia Motorcycle Market Export to Major Countries |
7.2 Latvia Motorcycle Market Imports from Major Countries |
8 Latvia Motorcycle Market Key Performance Indicators |
8.1 Average age of motorcycles on the road |
8.2 Number of motorcycle licenses issued annually |
8.3 Frequency of motorcycle events and rallies in Latvia |
9 Latvia Motorcycle Market - Opportunity Assessment |
9.1 Latvia Motorcycle Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Motorcycle Market Opportunity Assessment, By Engine Capacity, 2021 & 2031F |
10 Latvia Motorcycle Market - Competitive Landscape |
10.1 Latvia Motorcycle Market Revenue Share, By Companies, 2024 |
10.2 Latvia Motorcycle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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