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Bicycle, Wheelchair & Pram Manufacturing in Latvia Industry Data and Analysis
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.
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What's included in this industry analysis
IBISWorld's research coverage on the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released March 2024.
About this industry
What's this industry report about?
The Bicycle, Wheelchair & Pram Manufacturing industry in Latvia operates under the industry code LV-C3092. 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 covered in the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia include bicycle , cycle zone and e-bike .
What's included in this industry?
Products and services covered in Bicycle, Wheelchair & Pram Manufacturing industry in Latvia include Bicycles and Tricycles, Parts and accessories for bicycles and tricycles and Wheelchairs.
What companies are included in this industry?
Companies covered in the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia include Intersport France SA, Merida Industry Co Ltd and Trek Bicycle Corporation.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia.
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Frequently Asked Questions
What is the market size of the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia in 2026?
The market size of the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia is €882.4k in 2026.
How many businesses are there in the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia 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 industry in Latvia?
The biggest companies operating in the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia are Intersport France SA, Merida Industry Co Ltd and Trek Bicycle Corporation
What does the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia include?
Bicycles and Tricycles are part of the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia.
Which companies have the highest market share in the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia?
The company holding the most market share in the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia is Intersport France SA.
How competitive is the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia?
The level of competition is moderate and increasing in the Bicycle, Wheelchair & Pram Manufacturing industry in Latvia.
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