Latvia Welding Torch and Wear Parts Market (2025-2031) | Forecast, Trends, Competitive Landscape, Analysis, Share, Outlook, Size & Revenue, Segmentation, Growth, Companies, Value, Industry

Market Forecast By Type (MIG/MAG, TIG, Plasma), By Application (Automotive, Construction, Others) And Competitive Landscape
Product Code: ETC7924617 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

Latvia Welding Torch and Wear Parts Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The import shipments of welding torches and wear parts into Latvia in 2024 continued to be sourced primarily from neighboring countries such as Poland, Lithuania, and Estonia, as well as from Germany and Austria. The market remains fragmented with low concentration, indicating a diverse range of suppliers. However, the market experienced a decline with a negative compound annual growth rate (CAGR) of -7.81% from 2020 to 2024, and a significant decrease in growth rate from 2023 to 2024 at -24.0%. These trends suggest a challenging environment for the industry in Latvia.

Latvia Welding Torch and Wear Parts Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Welding Torch and Wear Parts Market Outlook
  • Market Size of Latvia Welding Torch and Wear Parts Market, 2024
  • Forecast of Latvia Welding Torch and Wear Parts Market, 2031
  • Historical Data and Forecast of Latvia Welding Torch and Wear Parts Revenues & Volume for the Period 2021- 2031
  • Latvia Welding Torch and Wear Parts Market Trend Evolution
  • Latvia Welding Torch and Wear Parts Market Drivers and Challenges
  • Latvia Welding Torch and Wear Parts Price Trends
  • Latvia Welding Torch and Wear Parts Porter's Five Forces
  • Latvia Welding Torch and Wear Parts Industry Life Cycle
  • Historical Data and Forecast of Latvia Welding Torch and Wear Parts Market Revenues & Volume By Type for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Welding Torch and Wear Parts Market Revenues & Volume By MIG/MAG for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Welding Torch and Wear Parts Market Revenues & Volume By TIG for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Welding Torch and Wear Parts Market Revenues & Volume By Plasma for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Welding Torch and Wear Parts Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Welding Torch and Wear Parts Market Revenues & Volume By Automotive for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Welding Torch and Wear Parts Market Revenues & Volume By Construction for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Welding Torch and Wear Parts Market Revenues & Volume By Others for the Period 2021- 2031
  • Latvia Welding Torch and Wear Parts Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Latvia Welding Torch and Wear Parts Top Companies Market Share
  • Latvia Welding Torch and Wear Parts Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Welding Torch and Wear Parts Company Profiles
  • Latvia Welding Torch and Wear Parts Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Torch and Wear Parts Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Welding Torch and Wear Parts Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Welding Torch and Wear Parts Market - Industry Life Cycle

3.4 Latvia Welding Torch and Wear Parts Market - Porter's Five Forces

3.5 Latvia Welding Torch and Wear Parts Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Welding Torch and Wear Parts Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Welding Torch and Wear Parts Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growing demand for welding torch and wear parts in the manufacturing and construction sectors in Latvia

4.2.2 Technological advancements leading to the development of more efficient and durable welding torches and wear parts

4.2.3 Increasing focus on infrastructure development projects in Latvia driving the demand for welding equipment

4.3 Market Restraints

4.3.1 Fluctuating raw material prices impacting the manufacturing costs of welding torches and wear parts

4.3.2 Intense competition among market players leading to price wars and margin pressures

4.3.3 Regulatory challenges and compliance requirements affecting the production and distribution of welding torches and wear parts

5 Latvia Welding Torch and Wear Parts Market Trends

6 Latvia Welding Torch and Wear Parts Market, By Types

6.1 Latvia Welding Torch and Wear Parts Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Welding Torch and Wear Parts Market Revenues & Volume, By Type, 2021- 2031F

6.1.3 Latvia Welding Torch and Wear Parts Market Revenues & Volume, By MIG/MAG, 2021- 2031F

6.1.4 Latvia Welding Torch and Wear Parts Market Revenues & Volume, By TIG, 2021- 2031F

6.1.5 Latvia Welding Torch and Wear Parts Market Revenues & Volume, By Plasma, 2021- 2031F

6.2 Latvia Welding Torch and Wear Parts Market, By Application

6.2.1 Overview and Analysis

6.2.2 Latvia Welding Torch and Wear Parts Market Revenues & Volume, By Automotive, 2021- 2031F

6.2.3 Latvia Welding Torch and Wear Parts Market Revenues & Volume, By Construction, 2021- 2031F

6.2.4 Latvia Welding Torch and Wear Parts Market Revenues & Volume, By Others, 2021- 2031F

7 Latvia Welding Torch and Wear Parts Market Import-Export Trade Statistics

7.1 Latvia Welding Torch and Wear Parts Market Export to Major Countries

7.2 Latvia Welding Torch and Wear Parts Market Imports from Major Countries

8 Latvia Welding Torch and Wear Parts Market Key Performance Indicators

8.1 Average product lifespan of welding torches and wear parts

8.2 Adoption rate of advanced welding technologies in Latvia

8.3 Customer satisfaction and retention rates for welding torch and wear parts suppliers

8.4 Rate of new product development and innovation in the market

9 Latvia Welding Torch and Wear Parts Market - Opportunity Assessment

9.1 Latvia Welding Torch and Wear Parts Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Welding Torch and Wear Parts Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Welding Torch and Wear Parts Market - Competitive Landscape

10.1 Latvia Welding Torch and Wear Parts Market Revenue Share, By Companies, 2024

10.2 Latvia Welding Torch and Wear Parts Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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