| Product Code: ETC5237727 | 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 continued to see a diverse mix of wheel loader imports from neighboring countries such as Estonia, Sweden, and Germany, as well as from Czechia and the UK. Despite the slight decline in growth rate from 2023 to 2024, the market remained competitive with low concentration levels indicated by the Herfindahl-Hirschman Index (HHI). The impressive compound annual growth rate (CAGR) of 10.9% from 2020 to 2024 suggests a steady demand for wheel loaders in Latvia, driven by various factors such as infrastructure development and construction projects.
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 Wheel Loader Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Wheel Loader Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Wheel Loader Market - Industry Life Cycle |
3.4 Latvia Wheel Loader Market - Porter's Five Forces |
3.5 Latvia Wheel Loader Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Latvia Wheel Loader Market Revenues & Volume Share, By Operating Power, 2021 & 2031F |
3.7 Latvia Wheel Loader Market Revenues & Volume Share Segmentations Of Bucket, 2021 & 2031F |
3.8 Latvia Wheel Loader Market Revenues & Volume Share, By End-use Application, 2021 & 2031F |
4 Latvia Wheel Loader Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing infrastructure development projects in Latvia |
4.2.2 Growing construction industry in the region |
4.2.3 Adoption of advanced technologies in wheel loaders |
4.3 Market Restraints |
4.3.1 High initial investment cost of wheel loaders |
4.3.2 Fluctuating raw material prices impacting manufacturing costs |
4.3.3 Regulatory challenges related to emissions standards |
5 Latvia Wheel Loader Market Trends |
6 Latvia Wheel Loader Market Segmentations |
6.1 Latvia Wheel Loader Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Latvia Wheel Loader Market Revenues & Volume, By Armored Wheel Loaders, 2021-2031F |
6.1.3 Latvia Wheel Loader Market Revenues & Volume, By Tractor Front Loaders, 2021-2031F |
6.1.4 Latvia Wheel Loader Market Revenues & Volume, By Compact Front End Loaders, 2021-2031F |
6.1.5 Latvia Wheel Loader Market Revenues & Volume, By Skid Loaders & Track Loaders, 2021-2031F |
6.2 Latvia Wheel Loader Market, By Operating Power |
6.2.1 Overview and Analysis |
6.2.2 Latvia Wheel Loader Market Revenues & Volume, By 20 ? ?? 40 Hp, 2021-2031F |
6.2.3 Latvia Wheel Loader Market Revenues & Volume, By 40 ? ?? 80 Hp, 2021-2031F |
6.2.4 Latvia Wheel Loader Market Revenues & Volume, By 80 ? ?? 120 Hp, 2021-2031F |
6.2.5 Latvia Wheel Loader Market Revenues & Volume, By 120 ? ?? 160 Hp, 2021-2031F |
6.2.6 Latvia Wheel Loader Market Revenues & Volume, By 160 Hp , 2021-2031F |
6.2.7 Latvia Wheel Loader Market Revenues & Volume, By Above, 2021-2031F |
6.3 Latvia Wheel Loader Market Segmentations Of Bucket |
6.3.1 Overview and Analysis |
6.3.2 Latvia Wheel Loader Market Revenues & Volume, By Bottom Bucket, 2021-2031F |
6.3.3 Latvia Wheel Loader Market Revenues & Volume, By Flat Bottom Bucket, 2021-2031F |
6.3.4 Latvia Wheel Loader Market Revenues & Volume, By Backhoe Bucket, 2021-2031F |
6.3.5 Latvia Wheel Loader Market Revenues & Volume, By Demolition Bucket, 2021-2031F |
6.3.6 Latvia Wheel Loader Market Revenues & Volume, By Excavating Buckets , 2021-2031F |
6.3.7 Latvia Wheel Loader Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Wheel Loader Market, By End-use Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Wheel Loader Market Revenues & Volume, By Stone Quarries, 2021-2031F |
6.4.3 Latvia Wheel Loader Market Revenues & Volume, By Mining Zones, 2021-2031F |
6.4.4 Latvia Wheel Loader Market Revenues & Volume, By Construction Sites, 2021-2031F |
6.4.5 Latvia Wheel Loader Market Revenues & Volume, By Military & Defense, 2021-2031F |
6.4.6 Latvia Wheel Loader Market Revenues & Volume, By Public Sectors, 2021-2031F |
7 Latvia Wheel Loader Market Import-Export Trade Statistics |
7.1 Latvia Wheel Loader Market Export to Major Countries |
7.2 Latvia Wheel Loader Market Imports from Major Countries |
8 Latvia Wheel Loader Market Key Performance Indicators |
8.1 Average age of wheel loader fleet in Latvia |
8.2 Adoption rate of telematics technology in wheel loaders |
8.3 Utilization rate of wheel loaders in construction projects |
9 Latvia Wheel Loader Market - Opportunity Assessment |
9.1 Latvia Wheel Loader Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Latvia Wheel Loader Market Opportunity Assessment, By Operating Power, 2021 & 2031F |
9.3 Latvia Wheel Loader Market Opportunity Assessment Segmentations Of Bucket, 2021 & 2031F |
9.4 Latvia Wheel Loader Market Opportunity Assessment, By End-use Application, 2021 & 2031F |
10 Latvia Wheel Loader Market - Competitive Landscape |
10.1 Latvia Wheel Loader Market Revenue Share, By Companies, 2024 |
10.2 Latvia Wheel Loader Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |