Latvia Caster Wheels Market (2025-2031) | Outlook, Companies, Revenue, Analysis, Industry, Growth, Segmentation, Trends, Share, Forecast, Size & Value

Name: Latvia Caster Wheels Market (2025-2031) | Size & Trends
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Caster Wheels Market, Latvia Caster Wheels Market, Latvia Caster Wheels Market Revenues, Latvia Caster Wheels Market Share, Latvia Caster Wheels Market Size, Latvia Caster Wheels Market Outlook, Latvia Caster Wheels Market Report, Latvia Caster Wheels Market Competition, Latvia Caster Wheels Market Overview, Latvia Caster Wheels Market Trends, Latvia Caster Wheels Market Forecast

Market Forecast By Type (Rigid, Swivel, Industrial, Braking and Locking), By Weight (Light Duty, Medium Duty, Heavy Duty), By Material (Forged Steel, Cast Iron, Ductile Iron, Polyurethane, Mold on Rubber, Phenolic Resin, Others), By End-User (Automotive, Aerospace, Food Industry, Medical, Textile Industry, Agricultural Machines) And Competitive Landscape

Product Code: ETC5518870	Publication Date: Nov 2023	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Latvia Caster Wheels Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia saw significant caster wheels import shipments from top exporting countries such as Poland, China, Germany, UK, and Lithuania. Despite a negative CAGR of -14.61% from 2020 to 2024 and a growth rate of -16.19% in 2023-24, the Herfindahl-Hirschman Index (HHI) indicated moderate concentration in the market. This suggests a stable competitive landscape within the industry, paving the way for potential opportunities and strategies for market players in the coming years.

Latvia Caster Wheels Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Caster Wheels Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

The Caster Wheels market in Latvia is projected to grow at a stable growth rate of 4.23% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

Caster Wheels Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

Key Highlights of the Report:

Latvia Caster Wheels Market Outlook
Market Size of Latvia Caster Wheels Market, 2024
Forecast of Latvia Caster Wheels Market, 2031
Historical Data and Forecast of Latvia Caster Wheels Revenues & Volume for the Period 2021-2031
Latvia Caster Wheels Market Trend Evolution
Latvia Caster Wheels Market Drivers and Challenges
Latvia Caster Wheels Price Trends
Latvia Caster Wheels Porter`s Five Forces
Latvia Caster Wheels Industry Life Cycle
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Rigid for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Swivel for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Industrial for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Braking and Locking for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Weight for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Light Duty for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Medium Duty for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Heavy Duty for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Material for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Forged Steel for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Cast Iron for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Ductile Iron for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Polyurethane for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Mold on Rubber for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Phenolic Resin for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By End-User for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Automotive for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Aerospace for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Food Industry for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Medical for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Textile Industry for the Period 2021-2031
Historical Data and Forecast of Latvia Caster Wheels Market Revenues & Volume By Agricultural Machines for the Period 2021-2031
Latvia Caster Wheels Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Weight
Market Opportunity Assessment By Material
Market Opportunity Assessment By End-User
Latvia Caster Wheels Top Companies Market Share
Latvia Caster Wheels Competitive Benchmarking By Technical and Operational Parameters
Latvia Caster Wheels Company Profiles
Latvia Caster Wheels Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Latvia Caster Wheels Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Caster Wheels Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Caster Wheels Market - Industry Life Cycle

3.4 Latvia Caster Wheels Market - Porter's Five Forces

3.5 Latvia Caster Wheels Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Caster Wheels Market Revenues & Volume Share, By Weight, 2021 & 2031F

3.7 Latvia Caster Wheels Market Revenues & Volume Share, By Material, 2021 & 2031F

3.8 Latvia Caster Wheels Market Revenues & Volume Share, By End-User, 2021 & 2031F

4 Latvia Caster Wheels Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for material handling equipment in various industries

4.2.2 Growing e-commerce industry leading to higher demand for logistics and warehouse equipment

4.2.3 Technological advancements in caster wheels leading to improved performance and durability

4.3 Market Restraints

4.3.1 Fluctuating raw material prices impacting production costs

4.3.2 Intense competition among market players leading to pricing pressures

4.3.3 Impact of economic downturn on overall industrial activities

5 Latvia Caster Wheels Market Trends

6 Latvia Caster Wheels Market Segmentations

6.1 Latvia Caster Wheels Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Caster Wheels Market Revenues & Volume, By Rigid, 2021-2031F

6.1.3 Latvia Caster Wheels Market Revenues & Volume, By Swivel, 2021-2031F

6.1.4 Latvia Caster Wheels Market Revenues & Volume, By Industrial, 2021-2031F

6.1.5 Latvia Caster Wheels Market Revenues & Volume, By Braking and Locking, 2021-2031F

6.2 Latvia Caster Wheels Market, By Weight

6.2.1 Overview and Analysis

6.2.2 Latvia Caster Wheels Market Revenues & Volume, By Light Duty, 2021-2031F

6.2.3 Latvia Caster Wheels Market Revenues & Volume, By Medium Duty, 2021-2031F

6.2.4 Latvia Caster Wheels Market Revenues & Volume, By Heavy Duty, 2021-2031F

6.3 Latvia Caster Wheels Market, By Material

6.3.1 Overview and Analysis

6.3.2 Latvia Caster Wheels Market Revenues & Volume, By Forged Steel, 2021-2031F

6.3.3 Latvia Caster Wheels Market Revenues & Volume, By Cast Iron, 2021-2031F

6.3.4 Latvia Caster Wheels Market Revenues & Volume, By Ductile Iron, 2021-2031F

6.3.5 Latvia Caster Wheels Market Revenues & Volume, By Polyurethane, 2021-2031F

6.3.6 Latvia Caster Wheels Market Revenues & Volume, By Mold on Rubber, 2021-2031F

6.3.7 Latvia Caster Wheels Market Revenues & Volume, By Phenolic Resin, 2021-2031F

6.4 Latvia Caster Wheels Market, By End-User

6.4.1 Overview and Analysis

6.4.2 Latvia Caster Wheels Market Revenues & Volume, By Automotive, 2021-2031F

6.4.3 Latvia Caster Wheels Market Revenues & Volume, By Aerospace, 2021-2031F

6.4.4 Latvia Caster Wheels Market Revenues & Volume, By Food Industry, 2021-2031F

6.4.5 Latvia Caster Wheels Market Revenues & Volume, By Medical, 2021-2031F

6.4.6 Latvia Caster Wheels Market Revenues & Volume, By Textile Industry, 2021-2031F

6.4.7 Latvia Caster Wheels Market Revenues & Volume, By Agricultural Machines, 2021-2031F

7 Latvia Caster Wheels Market Import-Export Trade Statistics

7.1 Latvia Caster Wheels Market Export to Major Countries

7.2 Latvia Caster Wheels Market Imports from Major Countries

8 Latvia Caster Wheels Market Key Performance Indicators

8.1 Adoption rate of advanced caster wheel technologies by manufacturers

8.2 Percentage increase in the number of material handling equipment installations

8.3 Customer satisfaction ratings related to caster wheel performance and durability

9 Latvia Caster Wheels Market - Opportunity Assessment

9.1 Latvia Caster Wheels Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Caster Wheels Market Opportunity Assessment, By Weight, 2021 & 2031F

9.3 Latvia Caster Wheels Market Opportunity Assessment, By Material, 2021 & 2031F

9.4 Latvia Caster Wheels Market Opportunity Assessment, By End-User, 2021 & 2031F

10 Latvia Caster Wheels Market - Competitive Landscape

10.1 Latvia Caster Wheels Market Revenue Share, By Companies, 2024

10.2 Latvia Caster Wheels Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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