| Product Code: ETC5085176 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to rely heavily on imports of rolling stock, with top exporters being Russia, Lithuania, Estonia, Azerbaijan, and Germany. High Herfindahl-Hirschman Index (HHI) concentration persisted, indicating limited market competition. The compound annual growth rate (CAGR) from 2020 to 2024 was notably negative at -39.14%, with a steep decline in growth rate from 2023 to 2024 at -49.09%. These figures suggest a challenging market environment for rolling stock imports in Latvia, potentially impacted by various economic factors and market dynamics.

In the Europe region, the Rolling stock market in Latvia is projected to expand at a stable growth rate of 0.44% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Rolling stock Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Rolling stock Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Rolling stock Market - Industry Life Cycle |
3.4 Latvia Rolling stock Market - Porter's Five Forces |
3.5 Latvia Rolling stock Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Rolling stock Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.7 Latvia Rolling stock Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Latvia Rolling stock Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government investments in railway infrastructure projects |
4.2.2 Growing focus on sustainable modes of transportation |
4.2.3 Expansion of railway networks to improve connectivity and reduce travel time |
4.3 Market Restraints |
4.3.1 High initial investment costs for rolling stock procurement and maintenance |
4.3.2 Regulatory challenges and compliance requirements |
4.3.3 Competition from other modes of transportation such as road and air travel |
5 Latvia Rolling stock Market Trends |
6 Latvia Rolling stock Market Segmentations |
6.1 Latvia Rolling stock Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Rolling stock Market Revenues & Volume, By Locomotive, 2021-2031F |
6.1.3 Latvia Rolling stock Market Revenues & Volume, By Metro, 2021-2031F |
6.1.4 Latvia Rolling stock Market Revenues & Volume, By Monorail, 2021-2031F |
6.1.5 Latvia Rolling stock Market Revenues & Volume, By Tram, 2021-2031F |
6.1.6 Latvia Rolling stock Market Revenues & Volume, By Freight Wagons, 2021-2031F |
6.1.7 Latvia Rolling stock Market Revenues & Volume, By Passenger Coaches, 2021-2031F |
6.2 Latvia Rolling stock Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Rolling stock Market Revenues & Volume, By Passenger Transit, 2021-2031F |
6.2.3 Latvia Rolling stock Market Revenues & Volume, By Cargo Train, 2021-2031F |
6.3 Latvia Rolling stock Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Rolling stock Market Revenues & Volume, By Diesel, 2021-2031F |
6.3.3 Latvia Rolling stock Market Revenues & Volume, By Electric, 2021-2031F |
7 Latvia Rolling stock Market Import-Export Trade Statistics |
7.1 Latvia Rolling stock Market Export to Major Countries |
7.2 Latvia Rolling stock Market Imports from Major Countries |
8 Latvia Rolling stock Market Key Performance Indicators |
8.1 Average age of rolling stock fleet |
8.2 Percentage of rolling stock equipped with energy-efficient technologies |
8.3 On-time performance of trains |
8.4 Maintenance costs per unit |
8.5 Customer satisfaction ratings in terms of comfort and service |
9 Latvia Rolling stock Market - Opportunity Assessment |
9.1 Latvia Rolling stock Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Rolling stock Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.3 Latvia Rolling stock Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Latvia Rolling stock Market - Competitive Landscape |
10.1 Latvia Rolling stock Market Revenue Share, By Companies, 2024 |
10.2 Latvia Rolling stock Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |