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Latvia Commercial Vehicle Industry Outlook 2024 - 2028

See how Latvia Commercial Vehicle performed compared to key markets such as the United States, Canada and Mexico.

Key Market Indicators

Latvia's commercial vehicle registrations are projected to plummet to approximately 885 units by 2028, a sharp decline from the 1,760 units recorded in 2023. This represents an average annual decrease of 10.8%. Since 2010, the Latvian market has been contracting at an average rate of 6.4% per year. In the global ranking for 2023, Latvia stood at 92nd place, with Jamaica surpassing it by reaching 1,760 units. Topping the list were Canada, Mexico, and Argentina, which held the second, third, and fourth positions, respectively.

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Latvia Commercial Vehicle Market Data and Forecasts

How much will Latvia Commercial Vehicle Market grow to 2028?

Forecast: Trucks Market Size Value in Latvia
Forecast: Import of Trucks to Latvia
Forecast: Import of Buses to Latvia
Forecast: Import of Diesel Powered Buses to Latvia
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