| Product Code: ETC5685652 | 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 | |
In 2024, Latvia`s import shipments of transfer machines saw a steady growth trajectory with a Compound Annual Growth Rate (CAGR) of 7.69% from 2020 to 2024. The top exporting countries to Latvia included Germany, Lithuania, China, Poland, and Estonia, indicating diverse sources of machinery imports. Despite this, the market remained relatively unconcentrated with a low Herfindahl-Hirschman Index (HHI). The marginal growth rate of 0.19% from 2023 to 2024 suggests a stable market environment, offering promising opportunities for both domestic businesses and international 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 Transfer Machine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Transfer Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Transfer Machine Market - Industry Life Cycle |
3.4 Latvia Transfer Machine Market - Porter's Five Forces |
3.5 Latvia Transfer Machine Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Latvia Transfer Machine Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Latvia Transfer Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automation in manufacturing processes |
4.2.2 Technological advancements in transfer machine capabilities |
4.2.3 Growing focus on enhancing operational efficiency and productivity |
4.3 Market Restraints |
4.3.1 High initial investment cost for transfer machines |
4.3.2 Limited skilled workforce for operating and maintaining transfer machines |
4.3.3 Competition from alternative manufacturing technologies |
5 Latvia Transfer Machine Market Trends |
6 Latvia Transfer Machine Market Segmentations |
6.1 Latvia Transfer Machine Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Latvia Transfer Machine Market Revenues & Volume, By Rotary, 2021-2031F |
6.1.3 Latvia Transfer Machine Market Revenues & Volume, By In-line or linear, 2021-2031F |
6.1.4 Latvia Transfer Machine Market Revenues & Volume, By Trunnion, 2021-2031F |
6.2 Latvia Transfer Machine Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Transfer Machine Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Latvia Transfer Machine Market Revenues & Volume, By Pneumatic Fittings, 2021-2031F |
6.2.4 Latvia Transfer Machine Market Revenues & Volume, By Hydraulic Fittings, 2021-2031F |
6.2.5 Latvia Transfer Machine Market Revenues & Volume, By Cast Iron, 2021-2031F |
6.2.6 Latvia Transfer Machine Market Revenues & Volume, By Aluminum, 2021-2031F |
6.2.7 Latvia Transfer Machine Market Revenues & Volume, By Flanges, 2021-2031F |
6.2.8 Latvia Transfer Machine Market Revenues & Volume, By Castings, 2021-2031F |
6.2.9 Latvia Transfer Machine Market Revenues & Volume, By Castings, 2021-2031F |
7 Latvia Transfer Machine Market Import-Export Trade Statistics |
7.1 Latvia Transfer Machine Market Export to Major Countries |
7.2 Latvia Transfer Machine Market Imports from Major Countries |
8 Latvia Transfer Machine Market Key Performance Indicators |
8.1 Percentage increase in the adoption rate of transfer machines in manufacturing facilities |
8.2 Average downtime of transfer machines in production processes |
8.3 Percentage reduction in manufacturing lead times due to the use of transfer machines |
9 Latvia Transfer Machine Market - Opportunity Assessment |
9.1 Latvia Transfer Machine Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Latvia Transfer Machine Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Latvia Transfer Machine Market - Competitive Landscape |
10.1 Latvia Transfer Machine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Transfer Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |