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
#29 In EuropeEmployees
#27 In EuropeWages
#32 In EuropeBuilding contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work.
Enterprises
Number of businesses in 2024
Biggest companies in the Building Construction in Latvia
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Vinci SA | 66,833.8 | 7,264.0 | 10.9 | |
Bouygeous SA | 49,261.3 | 2,080.6 | 4.2 | |
Strabag SA | 19,635.4 | 1,449.9 | 7.4 |
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Top Questions Answered in this Report
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What is the market size of the Building Construction industry in Latvia in 2024?
The market size of the Building Construction industry in Latvia is €2.8bn in 2024.
How many businesses are there in the Building Construction in Latvia industry in 2024?
There are 4,116 businesses in the Building Construction industry in Latvia, which has grown at a CAGR of 3.0 % between 2019 and 2024.
Has the Building Construction industry in Latvia grown or declined over the past 5 years?
The market size of the Building Construction industry in Latvia has been declining at a CAGR of 3.0 % between 2019 and 2024.
What is the forecast growth of the Building Construction industry in Latvia over the next 5 years?
Over the next five years, the Building Construction industry in Latvia is expected to decline.
What are the biggest companies in the Building Construction market in Latvia?
The biggest companies operating in the Building Construction market in Latvia are Vinci SA, Bouygeous SA and Strabag SA
What does the Building Construction in Latvia include?
Residential building construction and Building project development are part of the Building Construction industry.
Which companies have the highest market share in the Building Construction in Latvia?
The company holding the most market share in Latvia is Vinci SA.
How competitive is the Building Construction industry in Latvia?
The level of competition is moderate and steady in the Building Construction industry in Latvia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Complementors
- Electrical Installation in Latvia
- Building Completion & Finishing in Latvia
- Architectural Activities & Engineering Services in Latvia
Table of Contents
About this industry
Industry definition
The industry includes the general construction of buildings of all kinds, including dwellings, office buildings, stores, public and utility buildings, and farm buildings. Industry activities encompass new work, repair, additions and alterations, the erection of pre-fabricated buildings or structures on site and constructions of a temporary nature.
Related Terms
Building Permit3D PrintingPre-Fabricated ConstructionWhat's included in this industry?
Residential building constructionBuilding project developmentNon-residential building constructionCompanies
Vinci SABouygeous SAStrabag SAIndustry Code
41 - Construction of buildings 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 Building Construction in Latvia industry?
Outlook
Analysis
What's driving the Building Construction in Latvia industry outlook?
Volatility
Analysis
What influences volatility in the Building Construction in Latvia industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Building Construction in Latvia industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Housebuilding sector sees a decline amid rising costs. Spiralling construction costs and a slowdown in house price growth have led to a fall in the number of residential building permits being issued.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Building Construction in Latvia industry's products and services performing?
Analysis
What are innovations in the Building Construction in Latvia industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Building 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
Building construction is dominated by small-scale contractors and developers. Most contractors operate in regional markets, focusing on a specific type of construction or development.
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 Building Construction in Latvia located?
Companies
Data Tables
Top 8 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Eurocodes are the uniform building standards for all EU countries. Eurocodes and other national-level building standards guarantee that buildings are designed and constructed robustly and safely.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Building Construction in Latvia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
The pandemic spurs significant supply chain disruption. Following widespread temporary site closures and upstream factory shutdowns, the return to sites after the pandemic was met with severe material shortages.
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 Building 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.
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