| Product Code: ETC10380469 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Latvia continued to see a steady flow of seam welding machine imports primarily from top exporters such as Germany, Austria, China, Poland, and Lithuania. Despite a moderate concentration level measured by the Herfindahl-Hirschman Index (HHI), the market experienced a significant decline in both the compound annual growth rate (CAGR) from 2020 to 2024 at -15.17% and the growth rate from 2023 to 2024 at -45.69%. These figures suggest a challenging market environment for seam welding machine imports in Latvia, potentially influenced by various economic factors impacting the industry.
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 Seam Welding Machine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Seam Welding Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Seam Welding Machine Market - Industry Life Cycle |
3.4 Latvia Seam Welding Machine Market - Porter's Five Forces |
3.5 Latvia Seam Welding Machine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Seam Welding Machine Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.7 Latvia Seam Welding Machine Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Seam Welding Machine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Seam Welding Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automation in manufacturing processes |
4.2.2 Growing focus on precision and quality in welding operations |
4.2.3 Government initiatives promoting the use of advanced welding technologies |
4.3 Market Restraints |
4.3.1 High initial investment cost of seam welding machines |
4.3.2 Lack of skilled workforce for operating and maintaining seam welding machines |
5 Latvia Seam Welding Machine Market Trends |
6 Latvia Seam Welding Machine Market, By Types |
6.1 Latvia Seam Welding Machine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Seam Welding Machine Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Seam Welding Machine Market Revenues & Volume, By AC Welding, 2021 - 2031F |
6.1.4 Latvia Seam Welding Machine Market Revenues & Volume, By DC Welding, 2021 - 2031F |
6.1.5 Latvia Seam Welding Machine Market Revenues & Volume, By Laser Welding, 2021 - 2031F |
6.1.6 Latvia Seam Welding Machine Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Latvia Seam Welding Machine Market, By Power Source |
6.2.1 Overview and Analysis |
6.2.2 Latvia Seam Welding Machine Market Revenues & Volume, By Electric, 2021 - 2031F |
6.2.3 Latvia Seam Welding Machine Market Revenues & Volume, By Hydraulic, 2021 - 2031F |
6.2.4 Latvia Seam Welding Machine Market Revenues & Volume, By Pneumatic, 2021 - 2031F |
6.2.5 Latvia Seam Welding Machine Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Latvia Seam Welding Machine Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Seam Welding Machine Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.3.3 Latvia Seam Welding Machine Market Revenues & Volume, By Aerospace, 2021 - 2031F |
6.3.4 Latvia Seam Welding Machine Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.3.5 Latvia Seam Welding Machine Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Latvia Seam Welding Machine Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Seam Welding Machine Market Revenues & Volume, By Pipe Welding, 2021 - 2031F |
6.4.3 Latvia Seam Welding Machine Market Revenues & Volume, By Structural Fabrication, 2021 - 2031F |
6.4.4 Latvia Seam Welding Machine Market Revenues & Volume, By Sheet Metal Joining, 2021 - 2031F |
6.4.5 Latvia Seam Welding Machine Market Revenues & Volume, By Others, 2021 - 2031F |
7 Latvia Seam Welding Machine Market Import-Export Trade Statistics |
7.1 Latvia Seam Welding Machine Market Export to Major Countries |
7.2 Latvia Seam Welding Machine Market Imports from Major Countries |
8 Latvia Seam Welding Machine Market Key Performance Indicators |
8.1 Percentage increase in the adoption of automation in manufacturing processes |
8.2 Rate of technological advancements in seam welding machinery |
8.3 Number of government initiatives supporting the welding industry |
8.4 Training hours provided to workers for operating seam welding machines |
8.5 Percentage of manufacturers using seam welding machines for precision welding operations |
9 Latvia Seam Welding Machine Market - Opportunity Assessment |
9.1 Latvia Seam Welding Machine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Seam Welding Machine Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.3 Latvia Seam Welding Machine Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Seam Welding Machine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Seam Welding Machine Market - Competitive Landscape |
10.1 Latvia Seam Welding Machine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Seam Welding Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |