| Product Code: ETC5231742 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a declining CAGR and negative growth rate in 2024, Latvia continues to import welding apparatus and parts mostly from neighboring countries like Lithuania, Poland, and Estonia. The low concentration of the Herfindahl-Hirschman Index (HHI) indicates a competitive market environment. However, the presence of China as a top exporter suggests diversification in the supply chain. It will be crucial for Latvia to closely monitor market trends and potentially explore new opportunities for import sources to improve the resilience of its welding apparatus and parts supply.

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 Apparatus and Parts Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Welding Apparatus and Parts Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Welding Apparatus and Parts Market - Industry Life Cycle |
3.4 Latvia Welding Apparatus and Parts Market - Porter's Five Forces |
3.5 Latvia Welding Apparatus and Parts Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia Welding Apparatus and Parts Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.7 Latvia Welding Apparatus and Parts Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Latvia Welding Apparatus and Parts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for welding apparatus and parts in various industries such as construction, automotive, and manufacturing. |
4.2.2 Technological advancements in welding equipment leading to increased efficiency and productivity. |
4.2.3 Government initiatives to promote infrastructure development and manufacturing sector in Latvia. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production for welding apparatus and parts manufacturers. |
4.3.2 Intense competition among market players leading to price wars and margin pressures. |
4.3.3 Economic uncertainties and geopolitical factors affecting investment decisions in the welding apparatus and parts market. |
5 Latvia Welding Apparatus and Parts Market Trends |
6 Latvia Welding Apparatus and Parts Market Segmentations |
6.1 Latvia Welding Apparatus and Parts Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Welding Apparatus and Parts Market Revenues & Volume, By Arc Welding, 2021-2031F |
6.1.3 Latvia Welding Apparatus and Parts Market Revenues & Volume, By Resistance Welding, 2021-2031F |
6.1.4 Latvia Welding Apparatus and Parts Market Revenues & Volume, By Oxy-fuel Welding, 2021-2031F |
6.1.5 Latvia Welding Apparatus and Parts Market Revenues & Volume, By Laser Beam Welding, 2021-2031F |
6.1.6 Latvia Welding Apparatus and Parts Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Welding Apparatus and Parts Market, By Equipment Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Welding Apparatus and Parts Market Revenues & Volume, By Automatic, 2021-2031F |
6.2.3 Latvia Welding Apparatus and Parts Market Revenues & Volume, By Semi-Automatic, 2021-2031F |
6.2.4 Latvia Welding Apparatus and Parts Market Revenues & Volume, By Manual, 2021-2031F |
6.3 Latvia Welding Apparatus and Parts Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Latvia Welding Apparatus and Parts Market Revenues & Volume, By Aerospace, 2021-2031F |
6.3.3 Latvia Welding Apparatus and Parts Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.4 Latvia Welding Apparatus and Parts Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.5 Latvia Welding Apparatus and Parts Market Revenues & Volume, By Energy, 2021-2031F |
6.3.6 Latvia Welding Apparatus and Parts Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.7 Latvia Welding Apparatus and Parts Market Revenues & Volume, By Marine, 2021-2031F |
7 Latvia Welding Apparatus and Parts Market Import-Export Trade Statistics |
7.1 Latvia Welding Apparatus and Parts Market Export to Major Countries |
7.2 Latvia Welding Apparatus and Parts Market Imports from Major Countries |
8 Latvia Welding Apparatus and Parts Market Key Performance Indicators |
8.1 Adoption rate of new welding technologies in the Latvian market. |
8.2 Rate of capacity utilization in the welding apparatus and parts manufacturing sector. |
8.3 Number of government contracts awarded for infrastructure projects requiring welding equipment and parts. |
8.4 Percentage of RD expenditure by market players towards innovation and product development in the welding sector. |
8.5 Average lead time from order placement to delivery for welding apparatus and parts. |
9 Latvia Welding Apparatus and Parts Market - Opportunity Assessment |
9.1 Latvia Welding Apparatus and Parts Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia Welding Apparatus and Parts Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.3 Latvia Welding Apparatus and Parts Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Latvia Welding Apparatus and Parts Market - Competitive Landscape |
10.1 Latvia Welding Apparatus and Parts Market Revenue Share, By Companies, 2024 |
10.2 Latvia Welding Apparatus and Parts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |