From 2013 to 2023, the value per capita of trailers for the transport of goods in Latvia exhibited a steady growth, with a noticeable dip in 2020. By 2023, the market size reached $49.69 USD per capita. The year-on-year growth from 2022 to 2023 was 3.87%, while the compound annual growth rate (CAGR) over the last five years was around 5.2%. This reflects a strong recovery and sustained growth in the market post-2020 downturn.

Future trends to watch for include:

Increasing demand for sustainable and energy-efficient transport solutions.
Technological advancements in trailer manufacturing and logistics.
Potential regulatory changes affecting the transport and logistics sector in Latvia and the broader EU region.