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
#31 In EuropeBusiness
#27 In EuropeEmployees
#26 In EuropeWages
#31 In EuropeThe Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair in Latvia ranks 31st in Europe with regards to its 2024 revenue (€2.6bn). Revenue received by operators in Latvia has been low in volatility over the past five-year period, with the average annual change in revenue (3.6 %) 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 Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair industry in Latvia in 2024?
The market size of the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair industry in Latvia is €2.6bn in 2024.
How many businesses are there in the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair in Latvia industry in 2024?
There are 5,807 businesses in the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair industry in Latvia, which has grown at a CAGR of 2.9 % between 2019 and 2024.
Has the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair industry in Latvia grown or declined over the past 5 years?
The market size of the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair industry in Latvia has been declining at a CAGR of 3.6 % between 2019 and 2024.
What is the forecast growth of the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair industry in Latvia over the next 5 years?
Over the next five years, the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair industry in Latvia is expected to grow.
What does the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair in Latvia include?
New vehicles and Second-hand vehicles are part of the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair industry.
How competitive is the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair industry in Latvia?
The level of competition is moderate and steady in the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair industry in Latvia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Motor Vehicle Wholesaling & Retailing in Latvia
- Motor Vehicle Repair & Maintenance Services in Latvia
- Motor Vehicle Parts Wholesaling & Retailing in Latvia
Complementors
- Electric Motor, Generator & Transformer Manufacturing in Latvia
- Motor Vehicle & Trailer Manufacturing in Latvia
- Motor Vehicle Manufacturing in Latvia
Table of Contents
About this industry
Industry definition
The industry encompasses all services associated with motor vehicles and motorcycles, including sales of new and used cars, repair, maintenance, and the sale of parts and accessories in Europe. It also involves the activities of commission agents engaged in the wholesale or retail distribution of vehicles.
What's included in this industry?
New vehicles Second-hand vehiclesRepair and MaintenanceCar parts and accessoriesIndustry Code
45 - Wholesale and retail trade and repair of motor vehicles and motorcycles 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 Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair in Latvia
- Employees in the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair in Latvia
- Business in the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair in Latvia
- Profit in the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair 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
External Drivers
Analysis
What demographic and macroeconomic factors impact the Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair in Latvia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
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 Motor Vehicle & Motorcycle Retailing, Wholesaling & Repair 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.
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