| Product Code: ETC7919524 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import shipments of precision engineering machines in 2024 continued to be dominated by top exporters such as Germany, Italy, Denmark, China, and Lithuania. The market concentration, as measured by the HHI, significantly intensified from high to very high in 2024. The industry experienced a negative compound annual growth rate (CAGR) of -8.0% from 2020 to 2024, with a sharp decline in the growth rate of -35.21% from 2023 to 2024. These trends suggest a challenging market environment for precision engineering machine imports in Latvia, potentially impacted by global economic conditions and industry 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 Precision Engineering Machines Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Precision Engineering Machines Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Precision Engineering Machines Market - Industry Life Cycle |
3.4 Latvia Precision Engineering Machines Market - Porter's Five Forces |
3.5 Latvia Precision Engineering Machines Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Precision Engineering Machines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-precision components in industries like automotive, aerospace, and electronics. |
4.2.2 Advances in technology leading to the development of more sophisticated precision engineering machines. |
4.2.3 Growing emphasis on automation and efficiency in manufacturing processes. |
4.3 Market Restraints |
4.3.1 High initial investment required for precision engineering machines. |
4.3.2 Limited availability of skilled technicians and engineers to operate these machines effectively. |
4.3.3 Market competition leading to price wars and margin pressures. |
5 Latvia Precision Engineering Machines Market Trends |
6 Latvia Precision Engineering Machines Market, By Types |
6.1 Latvia Precision Engineering Machines Market, By End-use |
6.1.1 Overview and Analysis |
6.1.2 Latvia Precision Engineering Machines Market Revenues & Volume, By End-use, 2021- 2031F |
6.1.3 Latvia Precision Engineering Machines Market Revenues & Volume, By Automotive, 2021- 2031F |
6.1.4 Latvia Precision Engineering Machines Market Revenues & Volume, By Non-Automotive, 2021- 2031F |
7 Latvia Precision Engineering Machines Market Import-Export Trade Statistics |
7.1 Latvia Precision Engineering Machines Market Export to Major Countries |
7.2 Latvia Precision Engineering Machines Market Imports from Major Countries |
8 Latvia Precision Engineering Machines Market Key Performance Indicators |
8.1 Percentage of machines equipped with the latest technological advancements. |
8.2 Rate of adoption of automation solutions in precision engineering processes. |
8.3 Percentage of manufacturing companies investing in precision engineering machines for process improvement. |
9 Latvia Precision Engineering Machines Market - Opportunity Assessment |
9.1 Latvia Precision Engineering Machines Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Precision Engineering Machines Market - Competitive Landscape |
10.1 Latvia Precision Engineering Machines Market Revenue Share, By Companies, 2024 |
10.2 Latvia Precision Engineering Machines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |