Key Market Indicators
Latvia's rolling stock fleet is projected to decrease substantially over the next five years. By 2028, the fleet is expected to number just 122 units, down from 158 units in 2023. This represents a compound annual growth rate (CAGR) decline of 3.9% year-on-year. Historical data reveals a consistent downward trend in Latvia's rolling stock supply since 1995, with an average annual decrease of 6.5%. As of 2023, Latvia ranks 18th globally in terms of rolling stock units. Lithuania has surpassed Latvia in this regard, boasting 158 units in 2023. Meanwhile, France, Italy, and the Czech Republic hold the second, third, and fourth positions, respectively, in the global rankings.
