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Fluid Power Equipment Manufacturing in Latvia - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

LV-C2812 April 2024 Factsheet

Revenue

€17.6m

2019-2024 3.2 %
2024-2029 X.X %

Employees

216

2019-2024 4.2 %
2024-2029 X.X %

Businesses

10

2019-2024 0.0 %
2024-2029 X.X %

Wages

€X.Xm

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

Fluid Power Equipment Manufacturing in Latvia market size outlook

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

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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
#27 In Europe
Business
#26 In Europe
Employees
#25 In Europe
Wages
#26 In Europe

View industry report for Europe

Producing hydraulic and pneumatic systems is the cornerstone of building machines and other equipment. Despite its importance, revenue has come under pressure from weak downstream demand and increasing competition from China and the US. Manufacturers in these geographies are increasingly entering the European market and competing with domestic manufacturers via imports or acquisitions. Nonetheless, sales in the hydraulic and pneumatic valve segments have remained solid, driven by increasing automation among mechanical engineering companies. Germany dominates the European industry, accounting for approximately 40% of industry revenue, according to Eurostat.

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Enterprises
Number of businesses in 2024

Biggest companies in the Fluid Power Equipment Manufacturing in Latvia

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Schaeffler AG
17,346.4
1,068.7
6.2
Robert Bosch GmbH
91,104.3
3,687.8
4.0

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Top Questions Answered in this Report

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What is the market size of the Fluid Power Equipment Manufacturing industry in Latvia in 2024?

The market size of the Fluid Power Equipment Manufacturing industry in Latvia is €17.6m in 2024. 

How many businesses are there in the Fluid Power Equipment Manufacturing in Latvia industry in 2024?

There are 10 businesses in the Fluid Power Equipment Manufacturing industry in Latvia, which has declined at a CAGR of 0.0 % between 2019 and 2024.

Has the Fluid Power Equipment Manufacturing industry in Latvia grown or declined over the past 5 years?

The market size of the Fluid Power Equipment Manufacturing industry in Latvia has been declining at a CAGR of 0.0 % between 2019 and 2024. 

What is the forecast growth of the Fluid Power Equipment Manufacturing industry in Latvia over the next 5 years?

Over the next five years, the Fluid Power Equipment Manufacturing industry in Latvia is expected to decline.

What are the biggest companies in the Fluid Power Equipment Manufacturing market in Latvia?

The biggest companies operating in the Fluid Power Equipment Manufacturing market in Latvia are Schaeffler AG and Robert Bosch GmbH

What does the Fluid Power Equipment Manufacturing in Latvia include?

Hydraulic & pneumatic valves and Machine parts are part of the Fluid Power Equipment Manufacturing industry.

Which companies have the highest market share in the Fluid Power Equipment Manufacturing in Latvia?

The company holding the most market share in Latvia is Schaeffler AG.

How competitive is the Fluid Power Equipment Manufacturing industry in Latvia?

The level of competition is moderate and steady in the Fluid Power Equipment Manufacturing industry in Latvia.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry manufacture hydraulic and pneumatic components, including hydraulic pumps, motors, cylinders and valves to control oleo hydraulic and pneumatic power transmission. The industry also manufactures fluid power systems and hydraulic transmission equipment.

Related Terms

HYDRAULICPNEUMATICFLUID POWER

What's included in this industry?

Hydraulic & pneumatic valvesMachine partsHydraulic pumps Working cylindersRotating hydraulic and pneumatic motorsOther products

Companies

Schaeffler AGRobert Bosch GmbH

Industry Code

ISIC 2006

2812 - Manufacture of fluid power equipment in Latvia

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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 Fluid Power Equipment Manufacturing in Latvia industry?


Outlook

Analysis

What's driving the Fluid Power Equipment Manufacturing in Latvia industry outlook?


Volatility

Analysis

What influences volatility in the Fluid Power Equipment Manufacturing in Latvia industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Fluid Power Equipment Manufacturing in Latvia industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Hydraulic and pneumatic valves are the industry's core products. As valves are standard components of various plants, machines and equipment, their share of sales has increased and is expected to remain high in the coming years.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Fluid Power Equipment Manufacturing in Latvia industry's products and services performing?

Analysis

What are innovations in the Fluid Power Equipment Manufacturing in Latvia industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Fluid Power Equipment 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

The industry comprises many SMEs. Numerous SMEs make up the bulk of the industry that specialises in serving niche markets, keeping the market share concentration low.

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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 Fluid Power Equipment Manufacturing in Latvia located?

Companies

Data Tables

Top 2 companies by market share:

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

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Manufacturers must comply with EU directives. EU manufacturers must comply with the Machinery Directive (2006/42/EC), the Pressure Equipment Directive (2014/68/EU), and other product and health and safety regulations.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Fluid Power Equipment Manufacturing in Latvia industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Raw material prices spiral, spelling out trouble for manufacturers. In 2023 and 2024, the prices of iron, steel and aluminium remain historically high and are likely to inflate the cost base for manufacturers over the coming years.

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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 Fluid Power Equipment 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.