| Product Code: ETC7920868 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s SMT equipment import shipments in 2024 were mainly sourced from neighboring countries such as Poland, Lithuania, and Estonia, as well as from Austria and Germany. Despite the negative Compound Annual Growth Rate (CAGR) of -9.59% from 2020 to 2024 and a steep decline in growth rate of -23.34% from 2023 to 2024, the Herfindahl-Hirschman Index (HHI) indicated low concentration in the market. This suggests a diverse import market for SMT equipment in Latvia, with opportunities for continued expansion and competition among suppliers.

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 SMT Equipment Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia SMT Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia SMT Equipment Market - Industry Life Cycle |
3.4 Latvia SMT Equipment Market - Porter's Five Forces |
3.5 Latvia SMT Equipment Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.6 Latvia SMT Equipment Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Latvia SMT Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia SMT Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic products in Latvia |
4.2.2 Growing adoption of automation and Industry 4.0 technologies in manufacturing processes |
4.2.3 Government initiatives to support the electronics manufacturing industry in Latvia |
4.3 Market Restraints |
4.3.1 High initial investment cost for SMT equipment |
4.3.2 Lack of skilled workforce in operating and maintaining SMT equipment in Latvia |
5 Latvia SMT Equipment Market Trends |
6 Latvia SMT Equipment Market, By Types |
6.1 Latvia SMT Equipment Market, By Equipment Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia SMT Equipment Market Revenues & Volume, By Equipment Type, 2021- 2031F |
6.1.3 Latvia SMT Equipment Market Revenues & Volume, By Inspection Equipment, 2021- 2031F |
6.1.4 Latvia SMT Equipment Market Revenues & Volume, By Placement Equipment, 2021- 2031F |
6.1.5 Latvia SMT Equipment Market Revenues & Volume, By Soldering Equipment, 2021- 2031F |
6.1.6 Latvia SMT Equipment Market Revenues & Volume, By Screen Printing Equipment, 2021- 2031F |
6.1.7 Latvia SMT Equipment Market Revenues & Volume, By Cleaning Equipment, 2021- 2031F |
6.1.8 Latvia SMT Equipment Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia SMT Equipment Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Latvia SMT Equipment Market Revenues & Volume, By Passive Surface-mount Devices, 2021- 2031F |
6.2.3 Latvia SMT Equipment Market Revenues & Volume, By Transistor & Diodes, 2021- 2031F |
6.2.4 Latvia SMT Equipment Market Revenues & Volume, By Integrated Circuits, 2021- 2031F |
6.3 Latvia SMT Equipment Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia SMT Equipment Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.3.3 Latvia SMT Equipment Market Revenues & Volume, By Telecommunication, 2021- 2031F |
6.3.4 Latvia SMT Equipment Market Revenues & Volume, By Aerospace & Defense, 2021- 2031F |
6.3.5 Latvia SMT Equipment Market Revenues & Volume, By Automotive, 2021- 2031F |
6.3.6 Latvia SMT Equipment Market Revenues & Volume, By Medical, 2021- 2031F |
6.3.7 Latvia SMT Equipment Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Latvia SMT Equipment Market Import-Export Trade Statistics |
7.1 Latvia SMT Equipment Market Export to Major Countries |
7.2 Latvia SMT Equipment Market Imports from Major Countries |
8 Latvia SMT Equipment Market Key Performance Indicators |
8.1 Percentage increase in the number of electronics manufacturing companies in Latvia |
8.2 Adoption rate of automation and Industry 4.0 technologies in the manufacturing sector |
8.3 Average time taken for companies to recover the initial investment cost of SMT equipment |
8.4 Number of training programs or initiatives to upskill the workforce in operating SMT equipment in Latvia |
8.5 Rate of utilization of SMT equipment in manufacturing processes |
9 Latvia SMT Equipment Market - Opportunity Assessment |
9.1 Latvia SMT Equipment Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.2 Latvia SMT Equipment Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Latvia SMT Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia SMT Equipment Market - Competitive Landscape |
10.1 Latvia SMT Equipment Market Revenue Share, By Companies, 2024 |
10.2 Latvia SMT Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |