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

Market Forecast By Product (Locomotive, Metro, Monorail, Tram, Freight Wagons, Passenger Coaches, Others), By End Use (Passenger Transit, Cargo Train), By Type (Diesel, Electric) And Competitive Landscape
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

Latvia Rolling Stock Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

Latvia Rolling Stock Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Rolling stock Market: Latvia vs Top 5 Major Economies in 2027 (Europe)


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.

Rolling stock Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

Key Highlights of the Report:

  • Latvia Rolling stock Market Outlook
  • Market Size of Latvia Rolling stock Market, 2024
  • Forecast of Latvia Rolling stock Market, 2031
  • Historical Data and Forecast of Latvia Rolling stock Revenues & Volume for the Period 2021-2031
  • Latvia Rolling stock Market Trend Evolution
  • Latvia Rolling stock Market Drivers and Challenges
  • Latvia Rolling stock Price Trends
  • Latvia Rolling stock Porter`s Five Forces
  • Latvia Rolling stock Industry Life Cycle
  • Historical Data and Forecast of Latvia Rolling stock Market Revenues & Volume By Product for the Period 2021-2031
  • Historical Data and Forecast of Latvia Rolling stock Market Revenues & Volume By Locomotive for the Period 2021-2031
  • Historical Data and Forecast of Latvia Rolling stock Market Revenues & Volume By Metro for the Period 2021-2031
  • Historical Data and Forecast of Latvia Rolling stock Market Revenues & Volume By Monorail for the Period 2021-2031
  • Historical Data and Forecast of Latvia Rolling stock Market Revenues & Volume By Tram for the Period 2021-2031
  • Historical Data and Forecast of Latvia Rolling stock Market Revenues & Volume By Freight Wagons for the Period 2021-2031
  • Historical Data and Forecast of Latvia Rolling stock Market Revenues & Volume By Passenger Coaches for the Period 2021-2031
  • Historical Data and Forecast of Latvia Rolling stock Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of Latvia Rolling stock Market Revenues & Volume By End Use for the Period 2021-2031
  • Historical Data and Forecast of Latvia Rolling stock Market Revenues & Volume By Passenger Transit for the Period 2021-2031
  • Historical Data and Forecast of Latvia Rolling stock Market Revenues & Volume By Cargo Train for the Period 2021-2031
  • Historical Data and Forecast of Latvia Rolling stock Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of Latvia Rolling stock Market Revenues & Volume By Diesel for the Period 2021-2031
  • Historical Data and Forecast of Latvia Rolling stock Market Revenues & Volume By Electric for the Period 2021-2031
  • Latvia Rolling stock Import Export Trade Statistics
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By End Use
  • Market Opportunity Assessment By Type
  • Latvia Rolling stock Top Companies Market Share
  • Latvia Rolling stock Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Rolling stock Company Profiles
  • Latvia Rolling stock Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Rolling stock 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 Rolling stock Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 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

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