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 EuropeBusiness
#21 In EuropeEmployees
#27 In EuropeWages
#27 In EuropeConstruction work on Europe’s extensive transport network is essential to keeping the continent moving. Maintaining and upgrading transport infrastructure in Europe typically falls on the government, with private contractors tendered to carry out necessary works. Strong investment to increase connectivity across the continent has supported strong output in recent years, though recent inflationary pressures have threatened growth. Over the five years through 2024, revenue is slated to decline at a compound annual rate of 1.7% to €252.2 billion, including an expected contraction of 2.8% in 2024.
Enterprises
Number of businesses in 2024
Biggest companies in the Road & Railway Construction in Latvia
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Road & Railway Construction in Latvia industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Road & Railway Construction industry in Latvia in 2024?
The market size of the Road & Railway Construction industry in Latvia is €997.1m in 2024.
How many businesses are there in the Road & Railway Construction in Latvia industry in 2024?
There are 393 businesses in the Road & Railway Construction industry in Latvia, which has grown at a CAGR of 1.6 % between 2019 and 2024.
Has the Road & Railway Construction industry in Latvia grown or declined over the past 5 years?
The market size of the Road & Railway Construction industry in Latvia has been declining at a CAGR of 0.8 % between 2019 and 2024.
What is the forecast growth of the Road & Railway Construction industry in Latvia over the next 5 years?
Over the next five years, the Road & Railway Construction industry in Latvia is expected to grow.
What does the Road & Railway Construction in Latvia include?
Road and motorway construction and Railway and underground railway construction are part of the Road & Railway Construction industry.
How competitive is the Road & Railway Construction industry in Latvia?
The level of competition is moderate and steady in the Road & Railway Construction industry in Latvia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
Table of Contents
About this industry
Industry definition
Contractors in the industry build, repair and alter transport infrastructure, including roads, motorways, railways, subways, bridges, tunnels and airfield runways.
Related Terms
Public Private Partnerships (Ppps)Smart MotorwayDecarbonisationWhat's included in this industry?
Road and motorway constructionRailway and underground railway constructionBridge and tunnel constructionCompanies
Industry Code
421 - Construction of roads and railways in Latvia
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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
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 Road & Railway Construction in Latvia industry?
Outlook
Analysis
What's driving the Road & Railway Construction in Latvia industry outlook?
Volatility
Analysis
What influences volatility in the Road & Railway Construction in Latvia industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Road & Railway Construction in Latvia industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
New cross-border transport connections drive construction activity. Efforts to increase connectivity across the continent have created tender opportunities for road, rail and tunnel construction contractors.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Road & Railway Construction in Latvia industry's products and services performing?
Analysis
What are innovations in the Road & Railway Construction in Latvia industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Road & Railway Construction 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 scale of Europe’s transport network ensures opportunities remain for smaller contractors. Smaller contractors account for a significant market share, mainly competing for low-value maintenance contracts on local transport networks.
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 Road & Railway Construction in Latvia located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Major road and rail building projects must be assessed for their impact on the environment. Major transport construction projects are evaluated based on their impact on a range of environmental factors.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Road & Railway Construction in Latvia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Soaring costs hit profitability. A surge in the cost of key construction materials has prevented a return to pre-pandemic levels of profitability.
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 Road & Railway Construction 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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