Latvia School Bus Market (2025-2031) | Trends, Analysis, Competitive Landscape, Outlook, Forecast, Industry, Companies, Size & Revenue, Value, Growth, Share, Segmentation

Market Forecast By Propulsion (Internal Combustion Engine, Electric, Hybrid), By Design Type (Type A, Type B, Type C, Type D) And Competitive Landscape
Product Code: ETC7921003 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Dhaval Chaurasia No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Latvia School Bus Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia`s school bus import market in 2024 continues to see significant growth, with top exporting countries including Turkey, Czechia, Lithuania, Germany, and Spain. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 stands at a robust 17.0%, showcasing a positive trend in the industry. The impressive growth rate of 69.7% from 2023 to 2024 signals a rapid expansion in the importation of school buses, reflecting a potentially lucrative market for both domestic and international suppliers.

Latvia School Bus Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia School Bus Market Outlook
  • Market Size of Latvia School Bus Market, 2024
  • Forecast of Latvia School Bus Market, 2031
  • Historical Data and Forecast of Latvia School Bus Revenues & Volume for the Period 2021- 2031
  • Latvia School Bus Market Trend Evolution
  • Latvia School Bus Market Drivers and Challenges
  • Latvia School Bus Price Trends
  • Latvia School Bus Porter's Five Forces
  • Latvia School Bus Industry Life Cycle
  • Historical Data and Forecast of Latvia School Bus Market Revenues & Volume By Propulsion for the Period 2021- 2031
  • Historical Data and Forecast of Latvia School Bus Market Revenues & Volume By Internal Combustion Engine for the Period 2021- 2031
  • Historical Data and Forecast of Latvia School Bus Market Revenues & Volume By Electric for the Period 2021- 2031
  • Historical Data and Forecast of Latvia School Bus Market Revenues & Volume By Hybrid for the Period 2021- 2031
  • Historical Data and Forecast of Latvia School Bus Market Revenues & Volume By Design Type for the Period 2021- 2031
  • Historical Data and Forecast of Latvia School Bus Market Revenues & Volume By Type A for the Period 2021- 2031
  • Historical Data and Forecast of Latvia School Bus Market Revenues & Volume By Type B for the Period 2021- 2031
  • Historical Data and Forecast of Latvia School Bus Market Revenues & Volume By Type C for the Period 2021- 2031
  • Historical Data and Forecast of Latvia School Bus Market Revenues & Volume By Type D for the Period 2021- 2031
  • Latvia School Bus Import Export Trade Statistics
  • Market Opportunity Assessment By Propulsion
  • Market Opportunity Assessment By Design Type
  • Latvia School Bus Top Companies Market Share
  • Latvia School Bus Competitive Benchmarking By Technical and Operational Parameters
  • Latvia School Bus Company Profiles
  • Latvia School Bus Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 School Bus Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia School Bus Market Revenues & Volume, 2021 & 2031F

3.3 Latvia School Bus Market - Industry Life Cycle

3.4 Latvia School Bus Market - Porter's Five Forces

3.5 Latvia School Bus Market Revenues & Volume Share, By Propulsion, 2021 & 2031F

3.6 Latvia School Bus Market Revenues & Volume Share, By Design Type, 2021 & 2031F

4 Latvia School Bus Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Implementation of government regulations mandating safe and efficient school transportation.

4.2.2 Increasing focus on improving school transportation infrastructure.

4.2.3 Growing awareness about the importance of student safety during transportation.

4.3 Market Restraints

4.3.1 Budget constraints affecting the purchasing power of schools and local authorities.

4.3.2 Fluctuating fuel prices impacting operational costs.

4.3.3 Limited availability of skilled drivers and maintenance personnel.

5 Latvia School Bus Market Trends

6 Latvia School Bus Market, By Types

6.1 Latvia School Bus Market, By Propulsion

6.1.1 Overview and Analysis

6.1.2 Latvia School Bus Market Revenues & Volume, By Propulsion, 2021- 2031F

6.1.3 Latvia School Bus Market Revenues & Volume, By Internal Combustion Engine, 2021- 2031F

6.1.4 Latvia School Bus Market Revenues & Volume, By Electric, 2021- 2031F

6.1.5 Latvia School Bus Market Revenues & Volume, By Hybrid, 2021- 2031F

6.2 Latvia School Bus Market, By Design Type

6.2.1 Overview and Analysis

6.2.2 Latvia School Bus Market Revenues & Volume, By Type A, 2021- 2031F

6.2.3 Latvia School Bus Market Revenues & Volume, By Type B, 2021- 2031F

6.2.4 Latvia School Bus Market Revenues & Volume, By Type C, 2021- 2031F

6.2.5 Latvia School Bus Market Revenues & Volume, By Type D, 2021- 2031F

7 Latvia School Bus Market Import-Export Trade Statistics

7.1 Latvia School Bus Market Export to Major Countries

7.2 Latvia School Bus Market Imports from Major Countries

8 Latvia School Bus Market Key Performance Indicators

8.1 Average age of school bus fleet.

8.2 Percentage of schools compliant with safety regulations.

8.3 Average annual fuel efficiency of school buses.

8.4 Number of road accidents involving school buses.

8.5 Percentage of schools with GPS tracking systems installed on buses.

9 Latvia School Bus Market - Opportunity Assessment

9.1 Latvia School Bus Market Opportunity Assessment, By Propulsion, 2021 & 2031F

9.2 Latvia School Bus Market Opportunity Assessment, By Design Type, 2021 & 2031F

10 Latvia School Bus Market - Competitive Landscape

10.1 Latvia School Bus Market Revenue Share, By Companies, 2024

10.2 Latvia School Bus Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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