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
#29 In EuropeBusiness
#26 In EuropeEmployees
#26 In EuropeWages
#28 In EuropeThe Machinery Rental & Leasing in Latvia ranks 29 in Europe with regards to its 2024 revenue (€182.2m). Revenue received by operators in Latvia has been low in volatility over the past five-year period, with the average annual change in revenue (10.5 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
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What is the market size of the Machinery Rental & Leasing industry in Latvia in 2024?
The market size of the Machinery Rental & Leasing industry in Latvia is €182.2m in 2024.
How many businesses are there in the Machinery Rental & Leasing in Latvia industry in 2024?
There are 637 businesses in the Machinery Rental & Leasing industry in Latvia, which has grown at a CAGR of 3.6 % between 2019 and 2024.
Has the Machinery Rental & Leasing industry in Latvia grown or declined over the past 5 years?
The market size of the Machinery Rental & Leasing industry in Latvia has been declining at a CAGR of 10.5 % between 2019 and 2024.
What is the forecast growth of the Machinery Rental & Leasing industry in Latvia over the next 5 years?
Over the next five years, the Machinery Rental & Leasing industry in Latvia is expected to grow.
What does the Machinery Rental & Leasing in Latvia include?
Construction machinery and Office equipment are part of the Machinery Rental & Leasing industry.
How competitive is the Machinery Rental & Leasing industry in Latvia?
The level of competition is moderate and steady in the Machinery Rental & Leasing industry in Latvia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
- Car Rental & Leasing in Latvia
- Personal & Household Goods Rental & Leasing in Latvia
- Machinery Rental & Leasing in Latvia
Table of Contents
About this industry
Industry definition
The industry specialises in renting and leasing machinery or equipment without providing operators. It offers a variety of construction machinery, from lightweight to heavy-duty equipment, like graders and truck cranes. The industry also provides leasing services for air transport equipment and office machinery.
What's included in this industry?
Construction machineryOffice equipmentAir transport equipmentIndustry Code
773 - Renting and leasing of other machinery, equipment and tangible goods in Latvia
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Current Performance
Charts
- Revenue in the Machinery Rental & Leasing in Latvia
- Employees in the Machinery Rental & Leasing in Latvia
- Business in the Machinery Rental & Leasing in Latvia
- Profit in the Machinery Rental & Leasing in Latvia
Current Performance
Analysis
How does this country's performance compare to Europe?
Life Cycle
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
International Trade
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
ANALYSIS
What is the competitive landscape in Europe?
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
The European Framework Directive (1989/391/EEC) sets out fundamental safety and health management rules. It also assigns responsibility to employers and outlines workers' rights and obligations. It mandates the use of risk assessments to enhance company processes continuously.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Machinery Rental & Leasing in Latvia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Equipment rental companies enjoy robust profit from frequent rentals. However, costs have risen following Russia’s invasion of Ukraine. They now offer competitive pricing to attract business, squeezing their profit margin.
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 Machinery Rental & Leasing 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.
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