Mobile Menu

Bicycle, Wheelchair & Pram Manufacturing in Latvia - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

LV-C3092 March 2024 Factsheet

Revenue

€882.4k

2019-2024 0.5 %
2024-2029 XXX.X %

Employees

130

2019-2024 36.9 %
2024-2029 XX.X %

Businesses

19

2019-2024 11.6 %
2024-2029 X.X %

Wages

€XXX.Xk

2019-2024 X.X %
2024-2029 XXX.X %

Bicycle, Wheelchair & Pram Manufacturing in Latvia market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

Access the 5-year outlook with purchase. View purchase options

National industry coverage with a European twist

  • Market estimates from 2014-2029
  • Data-rich reports comparing industry performance, threats, opportunities and country rankings
  • PDF report or online database with Word, Excel and PowerPoint export options
  • 100% money back guarantee
Purchase options Download sample

About Factsheets

Industry Statistics and Rankings

How does this industry perform in Latvia compared to Europe?

Country Benchmarking

Industry Data Latvia

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#30 In Europe
Business
#19 In Europe
Employees
#23 In Europe
Wages
#30 In Europe

View industry report for Europe

Bicycle, wheelchair and pram manufacturing has experienced competition from low-cost Asian producers, leading to a mixed performance. The pandemic led to a slowdown fall in bicycle orders due to lockdown measures. Still, interest in cycling recovered quickly because of a surge in fuel prices, raising orders from retailers and wholesalers. Ever-growing health consciousness among Europeans is sparking a surge in interest in cycling. At the same time, the industry also benefits from the advent of smart customised and multifunctional prams, which are catching the attention of younger parents.

Unlock more insights on Latvia and the most comparable countries in Europe with purchase. View purchase options.

Enterprises
Number of businesses in 2024

Biggest companies in the Bicycle, Wheelchair & Pram Manufacturing in Latvia

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Intersport France SA
1,835.0
14.5
0.8
Merida Industry Co Ltd
1,042.0
151.0
14.5
Trek Bicycle Corporation
1,107.0
12.9
1.2

Access statistics and analysis on all 4 companies with purchase. View purchase options.

Top Questions Answered in this Report

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia in 2024?

The market size of the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia is €882.4k in 2024.

How many businesses are there in the Bicycle, Wheelchair & Pram Manufacturing in Latvia industry in 2024?

There are 19 businesses in the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia, which has grown at a CAGR of 11.6 % between 2019 and 2024.

Has the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia grown or declined over the past 5 years?

The market size of the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia has been declining at a CAGR of 0.5 % between 2019 and 2024.

What is the forecast growth of the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia over the next 5 years?

Over the next five years, the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia is expected to grow.

What are the biggest companies in the Bicycle, Wheelchair & Pram Manufacturing market in Latvia?

The biggest companies operating in the Bicycle, Wheelchair & Pram Manufacturing market in Latvia are Intersport France SA, Merida Industry Co Ltd and Trek Bicycle Corporation

What does the Bicycle, Wheelchair & Pram Manufacturing in Latvia include?

Bicycles and Tricycles are part of the Bicycle, Wheelchair & Pram Manufacturing industry.

Which companies have the highest market share in the Bicycle, Wheelchair & Pram Manufacturing in Latvia?

The company holding the most market share in Latvia is Intersport France SA.

How competitive is the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia?

The level of competition is moderate and steady in the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia.

Related Industries

This industry is covered in 37 countries

Explore full Europe Collection

Unlock Holistic European coverage

Members get access to 450+ industries across Europe, including comparative data for 37 countries.

View purchase options

Or contact us for multi-user and corporate license options

Table of Contents

About this industry

Industry definition

Companies in the industry manufacture non-motorised bicycles, including delivery tricycles, tandems, children's bicycles and tricycles. The industry also includes the production of parts and accessories for bicycles, invalid carriages and baby carriages.

Related Terms

Bicycle Cycle ZoneE-BIKE

What's included in this industry?

BicyclesTricyclesWheelchairsParts and accessories for bicycles and tricycles Baby carriages

Companies

Intersport France SAMerida Industry Co LtdTrek Bicycle Corporation

Industry Code

ISIC 2006

3092 - Manufacture of bicycles and invalid carriages in Latvia

View up to 4 companies with purchase. View purchase options.

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Bicycle, Wheelchair & Pram Manufacturing in Latvia industry?


Outlook

Analysis

What's driving the Bicycle, Wheelchair & Pram Manufacturing in Latvia industry outlook?


Volatility

Analysis

What influences volatility in the Bicycle, Wheelchair & Pram Manufacturing in Latvia industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Bicycle, Wheelchair & Pram Manufacturing in Latvia industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Green policies across Europe drive the production of bicycles. Efforts by European governments to reduce emissions by getting cars off the road are driving the production of bicycles, with Portugal, Romania and Italy leading the way.

View more insights with purchase. View purchase options.

Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Bicycle, Wheelchair & Pram Manufacturing in Latvia industry's products and services performing?

Analysis

What are innovations in the Bicycle, Wheelchair & Pram Manufacturing in Latvia industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Bicycle, Wheelchair & Pram Manufacturing in Latvia industry?


International Trade

Highlights

  • Total Imports into Latvia
  • Total Exports into Latvia
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

High import penetration weakens concentration. The high influx of e-bikes from Taiwan, China, Japan, Vietnam and Indonesia is reducing the market share of European manufacturers because these countries can offer lower prices.

View more insights with purchase. View purchase options.

Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Bicycle, Wheelchair & Pram Manufacturing in Latvia located?

Companies

Data Tables

Top 4 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Safety standards are strict for bicycles sold in the EU. European manufacturers looking to tap into the EU market for bicycles and prams must follow safety regulations. Manufacturers must pass tests on the strength and durability of the bicycle.

View more insights with purchase. View purchase options.

External Drivers

Analysis

What demographic and macroeconomic factors impact the Bicycle, Wheelchair & Pram Manufacturing in Latvia industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Premium bicycles drive profit. European bicycle manufacturers are producing more expensive bicycles at a higher margin due to the influx of imports of cheaper bicycles. Premium brands like KTM and Simplon cost thousands of euros, elevating profitability.

View more insights with purchase. View purchase options.

Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Bicycle, Wheelchair & Pram Manufacturing in Latvia industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.