| Product Code: ETC7924619 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia`s welding and cutting equipment import shipments saw a decline in growth rate, with top exporting countries being Lithuania, Poland, Estonia, Germany, and China. The market concentration, as measured by the HHI, decreased from moderate to low in 2024, indicating a more diversified import market. With a negative CAGR of -5.56% from 2020 to 2024 and a significant decline in growth rate of -12.72% from 2023 to 2024, the industry may be facing challenges that could impact future import trends and market dynamics.

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 Welding and Cutting Equipment Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Welding and Cutting Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Welding and Cutting Equipment Market - Industry Life Cycle |
3.4 Latvia Welding and Cutting Equipment Market - Porter's Five Forces |
3.5 Latvia Welding and Cutting Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Welding and Cutting Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Welding and Cutting Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for welding and cutting equipment in construction and infrastructure projects |
4.2.2 Increasing adoption of automation and robotics in welding and cutting processes |
4.2.3 Rising investments in the manufacturing sector leading to the expansion of the welding and cutting equipment market |
4.3 Market Restraints |
4.3.1 High initial setup and maintenance costs associated with advanced welding and cutting equipment |
4.3.2 Lack of skilled workforce proficient in operating modern welding and cutting technologies |
5 Latvia Welding and Cutting Equipment Market Trends |
6 Latvia Welding and Cutting Equipment Market, By Types |
6.1 Latvia Welding and Cutting Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Welding and Cutting Equipment Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Welding and Cutting Equipment Market Revenues & Volume, By Lectron Beam Welding, 2021- 2031F |
6.1.4 Latvia Welding and Cutting Equipment Market Revenues & Volume, By Laser Welding, 2021- 2031F |
6.1.5 Latvia Welding and Cutting Equipment Market Revenues & Volume, By Flame Welding, 2021- 2031F |
6.1.6 Latvia Welding and Cutting Equipment Market Revenues & Volume, By Electric Arc Welding, 2021- 2031F |
6.2 Latvia Welding and Cutting Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Welding and Cutting Equipment Market Revenues & Volume, By Energy Industry, 2021- 2031F |
6.2.3 Latvia Welding and Cutting Equipment Market Revenues & Volume, By Shipbuilding Industry, 2021- 2031F |
6.2.4 Latvia Welding and Cutting Equipment Market Revenues & Volume, By Construction Industry, 2021- 2031F |
6.2.5 Latvia Welding and Cutting Equipment Market Revenues & Volume, By Automobile Industry, 2021- 2031F |
6.2.6 Latvia Welding and Cutting Equipment Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Welding and Cutting Equipment Market Import-Export Trade Statistics |
7.1 Latvia Welding and Cutting Equipment Market Export to Major Countries |
7.2 Latvia Welding and Cutting Equipment Market Imports from Major Countries |
8 Latvia Welding and Cutting Equipment Market Key Performance Indicators |
8.1 Percentage increase in the number of construction and infrastructure projects utilizing welding and cutting equipment |
8.2 Adoption rate of automation and robotics in welding and cutting processes |
8.3 Growth in the number of manufacturing facilities investing in welding and cutting equipment upgrades |
9 Latvia Welding and Cutting Equipment Market - Opportunity Assessment |
9.1 Latvia Welding and Cutting Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Welding and Cutting Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Welding and Cutting Equipment Market - Competitive Landscape |
10.1 Latvia Welding and Cutting Equipment Market Revenue Share, By Companies, 2024 |
10.2 Latvia Welding and Cutting Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |