Latvia Civil Engineering Industry Outlook 2022 - 2026

Key Market Indicators

Revenue from Latvian civil engineering is set to increase significantly over the next five years, reaching €1.45 billion by 2026. This growth of 1.3% year on year is higher than the 8.5% average increase since 2010. In 2021, Latvia ranked 27th in the world, behind Croatia at €1.29 billion. Germany, France and Italy were the top three, respectively. Latvian civil engineering production is also projected to rise to €1.45 billion by 2026, with a similar annual increase of 1.3%. Supply has grown 8.2% since 2010, though Croatia overtook Latvia in 2021, with €1.3 billion. Germany, France and Italy were the top three in this ranking.

Latvia Civil Engineering Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Road Infrastructure Construction: Comprehensive Analysis and Progressive Development Outlook

  The market segment related to the development and building of road infrastructure is a dynamic and ever-evolving space. On a global scale, it is driven by numerous factors, including population growth, urbanization trends, advancements in construction technology, and governmental spending policies. The market currently is characterized by both the efforts...

  Discover more insights

• Rail Infrastructure Construction: Global Trends, Forecasts and Industry Dynamics

  Urbanization, globalization, and the pressing demands of climate change mitigation are exerting significant pressure on rail infrastructure construction. Prioritizing sustainable and efficient transportation alternatives, many countries are upgrading and expanding their rail networks. Technological advances such as automation, digitalization, and the use of Big Data are shaping this sector, making...

  Discover more insights

• Heavy Engineering and Civil Construction: Market Trends, Opportunities, and Industry Research Insights

  There are several prominent trends currently influencing the heavy engineering and civil construction sector. Sustainability and environmental considerations are foremost among them, with both public and private sector actors increasingly demanding more eco-friendly construction methods and materials. This is driving innovations such as the use of bio-degradable products, improved waste...

  Discover more insights

• Bridge Construction: Delving into Emerging Trends and Market Opportunities Worldwide

  The architecture of bridge construction is experiencing significant changes driven by technological advancements and need for sustainable infrastructure. The adoption of Building Information Modelling (BIM) techniques, for instance, has increased efficiency and reduced costs. BIM provides a detailed 3D model of the construction project, facilitating better planning, design and construction....

  Discover more insights

• Bridge and Highway Construction: Emerging Trends and Industry Analysis

  The construction sector has not been alien to the technological advancement trend. Such developments have been instrumental in improving bridge and roadway construction practices. Among the key emerging trends are the use of high-performance materials, integration of smart technologies, and the adoption of Building Information Modelling (BIM). High-performance materials like...

  Discover more insights

• 1
• 2