| Product Code: ETC5395731 | 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 rely on imports of mining drills and breakers, with the top exporting countries being the USA, Estonia, Sweden, Finland, and China. Despite a high Herfindahl-Hirschman Index (HHI) indicating a concentrated market, the industry experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -22.34% from 2020 to 2024. The growth rate in 2024 plummeted by -65.73%, reflecting challenges faced by the sector. This data suggests a complex landscape for mining equipment imports in Latvia, highlighting potential shifts in market dynamics.
| 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 Mining Drills and Breakers Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Mining Drills and Breakers Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Mining Drills and Breakers Market - Industry Life Cycle | 
| 3.4 Latvia Mining Drills and Breakers Market - Porter's Five Forces | 
| 3.5 Latvia Mining Drills and Breakers Market Revenues & Volume Share, By Machinery Type, 2021 & 2031F | 
| 3.6 Latvia Mining Drills and Breakers Market Revenues & Volume Share, By Business, 2021 & 2031F | 
| 3.7 Latvia Mining Drills and Breakers Market Revenues & Volume Share, By Application, 2021 & 2031F | 
| 4 Latvia Mining Drills and Breakers Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing demand for minerals and metals driving the need for mining activities | 
| 4.2.2 Technological advancements leading to more efficient and advanced mining drill and breaker equipment | 
| 4.2.3 Government initiatives and policies supporting the mining industry in Latvia | 
| 4.3 Market Restraints | 
| 4.3.1 Environmental regulations and concerns impacting mining operations | 
| 4.3.2 Volatility in commodity prices affecting investment in mining activities | 
| 5 Latvia Mining Drills and Breakers Market Trends | 
| 6 Latvia Mining Drills and Breakers Market Segmentations | 
| 6.1 Latvia Mining Drills and Breakers Market, By Machinery Type | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Mining Drills and Breakers Market Revenues & Volume, By Drills, 2021-2031F | 
| 6.1.3 Latvia Mining Drills and Breakers Market Revenues & Volume, By Breakers, 2021-2031F | 
| 6.1.4 Latvia Mining Drills and Breakers Market Revenues & Volume, By Business, 2021-2031F | 
| 6.2 Latvia Mining Drills and Breakers Market, By Business | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Latvia Mining Drills and Breakers Market Revenues & Volume, By Original Equipment, 2021-2031F | 
| 6.2.3 Latvia Mining Drills and Breakers Market Revenues & Volume, By Aftersales, 2021-2031F | 
| 6.3 Latvia Mining Drills and Breakers Market, By Application | 
| 6.3.1 Overview and Analysis | 
| 6.3.2 Latvia Mining Drills and Breakers Market Revenues & Volume, By Metal Mining, 2021-2031F | 
| 6.3.3 Latvia Mining Drills and Breakers Market Revenues & Volume, By Mineral Mining, 2021-2031F | 
| 6.3.4 Latvia Mining Drills and Breakers Market Revenues & Volume, By Coal Mining, 2021-2031F | 
| 7 Latvia Mining Drills and Breakers Market Import-Export Trade Statistics | 
| 7.1 Latvia Mining Drills and Breakers Market Export to Major Countries | 
| 7.2 Latvia Mining Drills and Breakers Market Imports from Major Countries | 
| 8 Latvia Mining Drills and Breakers Market Key Performance Indicators | 
| 8.1 Average age of mining drill and breaker equipment in use | 
| 8.2 Percentage of mining companies investing in upgrading their equipment | 
| 8.3 Utilization rate of mining drills and breakers in Latvia | 
| 9 Latvia Mining Drills and Breakers Market - Opportunity Assessment | 
| 9.1 Latvia Mining Drills and Breakers Market Opportunity Assessment, By Machinery Type, 2021 & 2031F | 
| 9.2 Latvia Mining Drills and Breakers Market Opportunity Assessment, By Business, 2021 & 2031F | 
| 9.3 Latvia Mining Drills and Breakers Market Opportunity Assessment, By Application, 2021 & 2031F | 
| 10 Latvia Mining Drills and Breakers Market - Competitive Landscape | 
| 10.1 Latvia Mining Drills and Breakers Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Mining Drills and Breakers Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |