| Product Code: ETC7920103 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a steady growth in railway traction motor import shipments, with top exporting countries including Germany, Finland, Turkey, Italy, and Poland. The market remained moderately concentrated, indicating a healthy level of competition. The impressive compound annual growth rate (CAGR) of 13.15% from 2020 to 2024 highlights the increasing demand for these products in Latvia. Moreover, the growth rate of 5.36% from 2023 to 2024 suggests a sustained momentum in the market, making it an attractive destination for railway traction motor imports.

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 Railway Traction Motor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Railway Traction Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Railway Traction Motor Market - Industry Life Cycle |
3.4 Latvia Railway Traction Motor Market - Porter's Five Forces |
3.5 Latvia Railway Traction Motor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Railway Traction Motor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Railway Traction Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government investments in railway infrastructure projects |
4.2.2 Growing demand for energy-efficient traction motors |
4.2.3 Adoption of advanced technologies for railway traction systems |
4.3 Market Restraints |
4.3.1 Economic uncertainties impacting infrastructure spending |
4.3.2 Competition from alternative modes of transportation |
4.3.3 Regulatory challenges in the railway industry |
5 Latvia Railway Traction Motor Market Trends |
6 Latvia Railway Traction Motor Market, By Types |
6.1 Latvia Railway Traction Motor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Railway Traction Motor Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Railway Traction Motor Market Revenues & Volume, By DC Traction Motor, 2021- 2031F |
6.1.4 Latvia Railway Traction Motor Market Revenues & Volume, By AC Traction Motor, 2021- 2031F |
6.1.5 Latvia Railway Traction Motor Market Revenues & Volume, By Synchronous AC Traction Motor, 2021- 2031F |
6.2 Latvia Railway Traction Motor Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Railway Traction Motor Market Revenues & Volume, By Diesel Locomotive, 2021- 2031F |
6.2.3 Latvia Railway Traction Motor Market Revenues & Volume, By Electric Multiple Units, 2021- 2031F |
6.2.4 Latvia Railway Traction Motor Market Revenues & Volume, By Electric Locomotives, 2021- 2031F |
6.2.5 Latvia Railway Traction Motor Market Revenues & Volume, By Diesel-Electric Locomotives, 2021- 2031F |
7 Latvia Railway Traction Motor Market Import-Export Trade Statistics |
7.1 Latvia Railway Traction Motor Market Export to Major Countries |
7.2 Latvia Railway Traction Motor Market Imports from Major Countries |
8 Latvia Railway Traction Motor Market Key Performance Indicators |
8.1 Average age of traction motor fleet in Latvia |
8.2 Adoption rate of eco-friendly traction motor technologies |
8.3 Percentage of railway projects utilizing modern traction motor systems |
9 Latvia Railway Traction Motor Market - Opportunity Assessment |
9.1 Latvia Railway Traction Motor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Railway Traction Motor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Railway Traction Motor Market - Competitive Landscape |
10.1 Latvia Railway Traction Motor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Railway Traction Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |