| Product Code: ETC4808137 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The suction excavator import market in Latvia saw a diverse range of suppliers in 2024, with Metropolitan France, Belgium, Poland, Estonia, and Sweden leading the way. Despite the low concentration with a low Herfindahl-Hirschman Index (HHI), the market demonstrated strong growth with a Compound Annual Growth Rate (CAGR) of 8.67% from 2020 to 2024. However, there was a slight decline in the growth rate from 2023 to 2024 at -22.8%, indicating a potential shift in market dynamics. Continued monitoring of these trends will be crucial for market players and policymakers.
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 Suction Excavator Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Suction Excavator Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Suction Excavator Market - Industry Life Cycle |
3.4 Latvia Suction Excavator Market - Porter's Five Forces |
3.5 Latvia Suction Excavator Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Suction Excavator Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
3.7 Latvia Suction Excavator Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
3.8 Latvia Suction Excavator Market Revenues & Volume Share, By Business Type, 2021 & 2031F |
4 Latvia Suction Excavator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and infrastructure development projects in Latvia |
4.2.2 Growing awareness about the benefits of using suction excavators for excavation and construction projects |
4.2.3 Government initiatives promoting the use of eco-friendly and efficient excavation equipment |
4.3 Market Restraints |
4.3.1 High initial investment cost of suction excavators |
4.3.2 Limited availability of skilled operators for operating suction excavators |
4.3.3 Regulatory challenges related to environmental and safety standards for excavation equipment |
5 Latvia Suction Excavator Market Trends |
6 Latvia Suction Excavator Market Segmentations |
6.1 Latvia Suction Excavator Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Suction Excavator Market Revenues & Volume, By Liquid suctioning only, 2021-2031F |
6.1.3 Latvia Suction Excavator Market Revenues & Volume, By Liquid and dry suctioning, 2021-2031F |
6.1.4 Latvia Suction Excavator Market Revenues & Volume, By High velocity, 2021-2031F |
6.2 Latvia Suction Excavator Market, By Application Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Suction Excavator Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.3 Latvia Suction Excavator Market Revenues & Volume, By Excavation, 2021-2031F |
6.2.4 Latvia Suction Excavator Market Revenues & Volume, By Municipal, 2021-2031F |
6.2.5 Latvia Suction Excavator Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Suction Excavator Market, By End-user Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Suction Excavator Market Revenues & Volume, By Residential buildings, 2021-2031F |
6.3.3 Latvia Suction Excavator Market Revenues & Volume, By Commercial Buildings, 2021-2031F |
6.3.4 Latvia Suction Excavator Market Revenues & Volume, By Infrastructure, 2021-2031F |
6.3.5 Latvia Suction Excavator Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.3.6 Latvia Suction Excavator Market Revenues & Volume, By Utilities, 2021-2031F |
6.4 Latvia Suction Excavator Market, By Business Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Suction Excavator Market Revenues & Volume, By Original Equipment Manufacturer, 2021-2031F |
6.4.3 Latvia Suction Excavator Market Revenues & Volume, By Aftermarket, 2021-2031F |
7 Latvia Suction Excavator Market Import-Export Trade Statistics |
7.1 Latvia Suction Excavator Market Export to Major Countries |
7.2 Latvia Suction Excavator Market Imports from Major Countries |
8 Latvia Suction Excavator Market Key Performance Indicators |
8.1 Average utilization rate of suction excavators in construction projects |
8.2 Number of new projects where suction excavators are used instead of traditional excavation equipment |
8.3 Adoption rate of eco-friendly excavation technologies in the construction sector |
9 Latvia Suction Excavator Market - Opportunity Assessment |
9.1 Latvia Suction Excavator Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Suction Excavator Market Opportunity Assessment, By Application Type, 2021 & 2031F |
9.3 Latvia Suction Excavator Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
9.4 Latvia Suction Excavator Market Opportunity Assessment, By Business Type, 2021 & 2031F |
10 Latvia Suction Excavator Market - Competitive Landscape |
10.1 Latvia Suction Excavator Market Revenue Share, By Companies, 2024 |
10.2 Latvia Suction Excavator Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |