| Product Code: ETC7903677 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a significant decrease in active grille shutter import shipments, with a high concentration of imports coming from Germany, Poland, Hungary, Sweden, and Estonia. Despite a negative Compound Annual Growth Rate (CAGR) from 2020 to 2024, the market experienced a sharp decline in growth rate from 2023 to 2024. The Herfindahl-Hirschman Index (HHI) indicated a shift from very high to high concentration levels in the market, reflecting potential changes in competitive dynamics. It will be important for market players to closely monitor these trends and adapt their strategies accordingly.

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 Active Grille Shutter Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Active Grille Shutter Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Active Grille Shutter Market - Industry Life Cycle |
3.4 Latvia Active Grille Shutter Market - Porter's Five Forces |
3.5 Latvia Active Grille Shutter Market Revenues & Volume Share, By Shutter Type, 2021 & 2031F |
3.6 Latvia Active Grille Shutter Market Revenues & Volume Share, By Vane Type, 2021 & 2031F |
3.7 Latvia Active Grille Shutter Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.8 Latvia Active Grille Shutter Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Latvia Active Grille Shutter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on improving fuel efficiency and reducing emissions in vehicles |
4.2.2 Growing demand for smart and energy-efficient automotive technologies |
4.2.3 Stringent government regulations regarding vehicle emissions and fuel efficiency standards |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with implementing active grille shutter technology |
4.3.2 Limited awareness and understanding of the benefits of active grille shutters among consumers |
4.3.3 Integration challenges with existing vehicle designs and manufacturing processes |
5 Latvia Active Grille Shutter Market Trends |
6 Latvia Active Grille Shutter Market, By Types |
6.1 Latvia Active Grille Shutter Market, By Shutter Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Active Grille Shutter Market Revenues & Volume, By Shutter Type, 2021- 2031F |
6.1.3 Latvia Active Grille Shutter Market Revenues & Volume, By Visible, 2021- 2031F |
6.1.4 Latvia Active Grille Shutter Market Revenues & Volume, By Non-Visible, 2021- 2031F |
6.2 Latvia Active Grille Shutter Market, By Vane Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Active Grille Shutter Market Revenues & Volume, By Horizontal, 2021- 2031F |
6.2.3 Latvia Active Grille Shutter Market Revenues & Volume, By Vertical, 2021- 2031F |
6.3 Latvia Active Grille Shutter Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Active Grille Shutter Market Revenues & Volume, By Passenger Vehicle, 2021- 2031F |
6.3.3 Latvia Active Grille Shutter Market Revenues & Volume, By Light Commercial Vehicle, 2021- 2031F |
6.3.4 Latvia Active Grille Shutter Market Revenues & Volume, By Heavy Commercial Vehicle, 2021- 2031F |
6.4 Latvia Active Grille Shutter Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Active Grille Shutter Market Revenues & Volume, By Original Equipment Manufacturer, 2021- 2031F |
6.4.3 Latvia Active Grille Shutter Market Revenues & Volume, By Aftermarket, 2021- 2031F |
7 Latvia Active Grille Shutter Market Import-Export Trade Statistics |
7.1 Latvia Active Grille Shutter Market Export to Major Countries |
7.2 Latvia Active Grille Shutter Market Imports from Major Countries |
8 Latvia Active Grille Shutter Market Key Performance Indicators |
8.1 Average fuel efficiency improvement percentage achieved by vehicles using active grille shutters |
8.2 Number of new vehicle models incorporating active grille shutter technology |
8.3 Percentage of automotive manufacturers adopting active grille shutter technology in their vehicle lineup |
9 Latvia Active Grille Shutter Market - Opportunity Assessment |
9.1 Latvia Active Grille Shutter Market Opportunity Assessment, By Shutter Type, 2021 & 2031F |
9.2 Latvia Active Grille Shutter Market Opportunity Assessment, By Vane Type, 2021 & 2031F |
9.3 Latvia Active Grille Shutter Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.4 Latvia Active Grille Shutter Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Latvia Active Grille Shutter Market - Competitive Landscape |
10.1 Latvia Active Grille Shutter Market Revenue Share, By Companies, 2024 |
10.2 Latvia Active Grille Shutter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |