| Product Code: ETC5771304 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a decline in growth rate in 2024, Latvia continues to import small marine engines primarily from Hungary, Finland, Germany, Belgium, and Estonia. The high concentration of Herfindahl-Hirschman Index (HHI) suggests a competitive market among these top exporting countries. The negative Compound Annual Growth Rate (CAGR) over the period 2020-24 indicates a challenging environment for the industry in Latvia. The significant decrease in growth rate from 2023 to 2024 highlights potential market fluctuations or external factors impacting the import shipments of small marine engines into Latvia.

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 Small Marine Engines Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Small Marine Engines Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Small Marine Engines Market - Industry Life Cycle |
3.4 Latvia Small Marine Engines Market - Porter's Five Forces |
3.5 Latvia Small Marine Engines Market Revenues & Volume Share, By Model, 2021 & 2031F |
3.6 Latvia Small Marine Engines Market Revenues & Volume Share, By Placement, 2021 & 2031F |
3.7 Latvia Small Marine Engines Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Small Marine Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for recreational boating activities in Latvia |
4.2.2 Increasing focus on sustainable and eco-friendly marine engine technologies |
4.2.3 Government initiatives promoting maritime tourism and development |
4.3 Market Restraints |
4.3.1 High initial cost of small marine engines |
4.3.2 Limited availability of skilled technicians for engine maintenance and repair |
4.3.3 Fluctuating fuel prices impacting operating costs |
5 Latvia Small Marine Engines Market Trends |
6 Latvia Small Marine Engines Market Segmentations |
6.1 Latvia Small Marine Engines Market, By Model |
6.1.1 Overview and Analysis |
6.1.2 Latvia Small Marine Engines Market Revenues & Volume, By Gasoline, 2021-2031F |
6.1.3 Latvia Small Marine Engines Market Revenues & Volume, By Diesel, 2021-2031F |
6.1.4 Latvia Small Marine Engines Market Revenues & Volume, By Electric, 2021-2031F |
6.2 Latvia Small Marine Engines Market, By Placement |
6.2.1 Overview and Analysis |
6.2.2 Latvia Small Marine Engines Market Revenues & Volume, By Outboard, 2021-2031F |
6.2.3 Latvia Small Marine Engines Market Revenues & Volume, By Inboard, 2021-2031F |
6.3 Latvia Small Marine Engines Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Small Marine Engines Market Revenues & Volume, By Recreational Boats, 2021-2031F |
6.3.3 Latvia Small Marine Engines Market Revenues & Volume, By Support Vessels, 2021-2031F |
6.3.4 Latvia Small Marine Engines Market Revenues & Volume, By Coastal Boats, 2021-2031F |
6.3.5 Latvia Small Marine Engines Market Revenues & Volume, By Fishing Boats, 2021-2031F |
7 Latvia Small Marine Engines Market Import-Export Trade Statistics |
7.1 Latvia Small Marine Engines Market Export to Major Countries |
7.2 Latvia Small Marine Engines Market Imports from Major Countries |
8 Latvia Small Marine Engines Market Key Performance Indicators |
8.1 Average age of small marine engines in operation in Latvia |
8.2 Number of new eco-friendly engine technologies introduced to the market |
8.3 Percentage of small marine engines compliant with environmental regulations |
8.4 Adoption rate of small marine engines in commercial applications |
8.5 Frequency of government funding allocated to support the marine industry in Latvia |
9 Latvia Small Marine Engines Market - Opportunity Assessment |
9.1 Latvia Small Marine Engines Market Opportunity Assessment, By Model, 2021 & 2031F |
9.2 Latvia Small Marine Engines Market Opportunity Assessment, By Placement, 2021 & 2031F |
9.3 Latvia Small Marine Engines Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Small Marine Engines Market - Competitive Landscape |
10.1 Latvia Small Marine Engines Market Revenue Share, By Companies, 2024 |
10.2 Latvia Small Marine Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |