| Product Code: ETC7914382 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The light commercial truck import market in Latvia continues to see strong growth, with a notable CAGR of 5.23% from 2020 to 2024. In 2024, Germany, Poland, Netherlands, Estonia, and Lithuania are the top countries exporting to Latvia, indicating a diverse range of sources. Despite this diversity, the market remains highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The growth rate in 2024 was steady at 2.53%, reflecting a consistent demand for light commercial trucks 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 Light Commercial Truck Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Light Commercial Truck Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Light Commercial Truck Market - Industry Life Cycle |
3.4 Latvia Light Commercial Truck Market - Porter's Five Forces |
3.5 Latvia Light Commercial Truck Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Latvia Light Commercial Truck Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Latvia Light Commercial Truck Market Revenues & Volume Share, By Drive Type, 2021 & 2031F |
3.8 Latvia Light Commercial Truck Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Light Commercial Truck Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for last-mile delivery services |
4.2.2 Increasing urbanization leading to higher demand for small commercial vehicles |
4.2.3 Government investments in infrastructure development and transportation sector |
4.3 Market Restraints |
4.3.1 Fluctuating fuel prices impacting operating costs |
4.3.2 Economic uncertainties affecting purchasing power |
4.3.3 Competition from alternative transportation modes such as electric vehicles |
5 Latvia Light Commercial Truck Market Trends |
6 Latvia Light Commercial Truck Market, By Types |
6.1 Latvia Light Commercial Truck Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Light Commercial Truck Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Latvia Light Commercial Truck Market Revenues & Volume, By Pick-Up Truck, 2021- 2031F |
6.1.4 Latvia Light Commercial Truck Market Revenues & Volume, By Vans, 2021- 2031F |
6.1.5 Latvia Light Commercial Truck Market Revenues & Volume, By Bus, 2021- 2031F |
6.1.6 Latvia Light Commercial Truck Market Revenues & Volume, By Crossovers, 2021- 2031F |
6.1.7 Latvia Light Commercial Truck Market Revenues & Volume, By SUV, 2021- 2031F |
6.2 Latvia Light Commercial Truck Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Light Commercial Truck Market Revenues & Volume, By Plastic Fuel Tank, 2021- 2031F |
6.2.3 Latvia Light Commercial Truck Market Revenues & Volume, By Metal Fuel Tank, 2021- 2031F |
6.3 Latvia Light Commercial Truck Market, By Drive Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Light Commercial Truck Market Revenues & Volume, By IC Engine, 2021- 2031F |
6.3.3 Latvia Light Commercial Truck Market Revenues & Volume, By Electric/Hybrid, 2021- 2031F |
6.4 Latvia Light Commercial Truck Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Latvia Light Commercial Truck Market Revenues & Volume, By Commercial Fleet, 2021- 2031F |
6.4.3 Latvia Light Commercial Truck Market Revenues & Volume, By Government Fleet, 2021- 2031F |
7 Latvia Light Commercial Truck Market Import-Export Trade Statistics |
7.1 Latvia Light Commercial Truck Market Export to Major Countries |
7.2 Latvia Light Commercial Truck Market Imports from Major Countries |
8 Latvia Light Commercial Truck Market Key Performance Indicators |
8.1 Average age of commercial vehicle fleet in Latvia |
8.2 Number of new business registrations in logistics and transportation sector |
8.3 Government spending on road infrastructure projects |
8.4 Number of commercial vehicle registrations in urban areas |
8.5 Growth rate of e-commerce sector in Latvia |
9 Latvia Light Commercial Truck Market - Opportunity Assessment |
9.1 Latvia Light Commercial Truck Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Latvia Light Commercial Truck Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Latvia Light Commercial Truck Market Opportunity Assessment, By Drive Type, 2021 & 2031F |
9.4 Latvia Light Commercial Truck Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Light Commercial Truck Market - Competitive Landscape |
10.1 Latvia Light Commercial Truck Market Revenue Share, By Companies, 2024 |
10.2 Latvia Light Commercial Truck Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |