Latvia Parking Meter Market (2025-2031) | Forecast, Outlook, Share, Revenue, Value, Industry, Analysis, Growth, Companies, Trends, Size & Segmentation

Name: Latvia Parking Meter Market (2025-2031) | Outlook Growth & Size
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Parking Meter Market, Latvia Parking Meter Market, Latvia Parking Meter Market Revenues, Latvia Parking Meter Market Share, Latvia Parking Meter Market Size, Latvia Parking Meter Market Outlook, Latvia Parking Meter Market Report, Latvia Parking Meter Market Competition, Latvia Parking Meter Market Overview, Latvia Parking Meter Market Trends, Latvia Parking Meter Market Forecast

Market Forecast By Technology (Parking Meter (Single Space), Parking Kiosks (Multi Space), Government Institutions), By Application (Hospitals, Parks, Transit Systems, Malls & Stadiums, Others), By Parking Mode (Pay & Display, Plate, Space, Others) And Competitive Landscape

Product Code: ETC5407834	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 Parking Meter Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia continued to rely on imports of parking meters, with top exporters being Germany, Poland, Estonia, Lithuania, and the UK. The market showed a high concentration with a high Herfindahl-Hirschman Index (HHI). However, the industry experienced a significant decline in compound annual growth rate (CAGR) from 2020 to 2024 at -24.82%. Despite this overall decline, there was a notable uptick in growth from 2023 to 2024, with a growth rate of 60.45%, indicating a potential rebound in the market.

Latvia Parking Meter Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Parking Meter Market Outlook
Market Size of Latvia Parking Meter Market, 2024
Forecast of Latvia Parking Meter Market, 2031
Historical Data and Forecast of Latvia Parking Meter Revenues & Volume for the Period 2021-2031
Latvia Parking Meter Market Trend Evolution
Latvia Parking Meter Market Drivers and Challenges
Latvia Parking Meter Price Trends
Latvia Parking Meter Porter`s Five Forces
Latvia Parking Meter Industry Life Cycle
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Technology for the Period 2021-2031
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Parking Meter (Single Space) for the Period 2021-2031
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Parking Kiosks (Multi Space) for the Period 2021-2031
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Government Institutions for the Period 2021-2031
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Hospitals for the Period 2021-2031
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Parks for the Period 2021-2031
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Transit Systems for the Period 2021-2031
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Malls & Stadiums for the Period 2021-2031
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Parking Mode for the Period 2021-2031
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Pay & Display for the Period 2021-2031
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Plate for the Period 2021-2031
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Space for the Period 2021-2031
Historical Data and Forecast of Latvia Parking Meter Market Revenues & Volume By Others for the Period 2021-2031
Latvia Parking Meter Import Export Trade Statistics
Market Opportunity Assessment By Technology
Market Opportunity Assessment By Application
Market Opportunity Assessment By Parking Mode
Latvia Parking Meter Top Companies Market Share
Latvia Parking Meter Competitive Benchmarking By Technical and Operational Parameters
Latvia Parking Meter Company Profiles
Latvia Parking Meter Key Strategic Recommendations

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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 Parking Meter Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Parking Meter Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Parking Meter Market - Industry Life Cycle

3.4 Latvia Parking Meter Market - Porter's Five Forces

3.5 Latvia Parking Meter Market Revenues & Volume Share, By Technology, 2021 & 2031F

3.6 Latvia Parking Meter Market Revenues & Volume Share, By Application, 2021 & 2031F

3.7 Latvia Parking Meter Market Revenues & Volume Share, By Parking Mode, 2021 & 2031F

4 Latvia Parking Meter Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing urbanization and population density leading to higher demand for parking spaces

4.2.2 Implementation of smart city initiatives driving the adoption of technology-enabled parking solutions

4.2.3 Growth in the number of vehicles on the road leading to higher demand for efficient parking management systems

4.3 Market Restraints

4.3.1 Limited parking space availability in urban areas leading to challenges in installing parking meters

4.3.2 High initial investment costs associated with implementing advanced parking meter technologies

4.3.3 Regulatory restrictions and permits required for installing parking meters in certain areas

5 Latvia Parking Meter Market Trends

6 Latvia Parking Meter Market Segmentations

6.1 Latvia Parking Meter Market, By Technology

6.1.1 Overview and Analysis

6.1.2 Latvia Parking Meter Market Revenues & Volume, By Parking Meter (Single Space), 2021-2031F

6.1.3 Latvia Parking Meter Market Revenues & Volume, By Parking Kiosks (Multi Space), 2021-2031F

6.1.4 Latvia Parking Meter Market Revenues & Volume, By Government Institutions, 2021-2031F

6.2 Latvia Parking Meter Market, By Application

6.2.1 Overview and Analysis

6.2.2 Latvia Parking Meter Market Revenues & Volume, By Hospitals, 2021-2031F

6.2.3 Latvia Parking Meter Market Revenues & Volume, By Parks, 2021-2031F

6.2.4 Latvia Parking Meter Market Revenues & Volume, By Transit Systems, 2021-2031F

6.2.5 Latvia Parking Meter Market Revenues & Volume, By Malls & Stadiums, 2021-2031F

6.2.6 Latvia Parking Meter Market Revenues & Volume, By Others, 2021-2031F

6.3 Latvia Parking Meter Market, By Parking Mode

6.3.1 Overview and Analysis

6.3.2 Latvia Parking Meter Market Revenues & Volume, By Pay & Display, 2021-2031F

6.3.3 Latvia Parking Meter Market Revenues & Volume, By Plate, 2021-2031F

6.3.4 Latvia Parking Meter Market Revenues & Volume, By Space, 2021-2031F

6.3.5 Latvia Parking Meter Market Revenues & Volume, By Others, 2021-2031F

7 Latvia Parking Meter Market Import-Export Trade Statistics

7.1 Latvia Parking Meter Market Export to Major Countries

7.2 Latvia Parking Meter Market Imports from Major Countries

8 Latvia Parking Meter Market Key Performance Indicators

8.1 Average revenue per parking meter

8.2 Utilization rate of parking spaces equipped with meters

8.3 Percentage increase in mobile payment transactions for parking meters

9 Latvia Parking Meter Market - Opportunity Assessment

9.1 Latvia Parking Meter Market Opportunity Assessment, By Technology, 2021 & 2031F

9.2 Latvia Parking Meter Market Opportunity Assessment, By Application, 2021 & 2031F

9.3 Latvia Parking Meter Market Opportunity Assessment, By Parking Mode, 2021 & 2031F

10 Latvia Parking Meter Market - Competitive Landscape

10.1 Latvia Parking Meter Market Revenue Share, By Companies, 2024

10.2 Latvia Parking Meter Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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