| 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 |
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.

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 |